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    Cathedral Lake Pkwy Spring, TX 77386

    Sponsored
    For Sale
    Contact for pricing

    Prime Spring, TX commercial acreage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial land offering in Spring, Texas, presents a unique investment opportunity encompassing two distinct tracts totaling approximately 24.479 acres. Tract 1, situated at the intersection of Cathedral Lakes Parkway and Basilica Bay Drive, comprises roughly 5.839 acres. This parcel boasts significant frontage – 1,123 feet along Basilica Bay Drive and 281 feet along Cathedral Lakes Parkway. Importantly, it's located outside the 500-year floodplain and benefits from regional detention provisions. The property's strategic location makes it highly suitable for a variety of uses, including multi-family residential, senior living facilities, medical offices, retail spaces, hospitality ventures, and self-storage facilities. Tract 2, spanning approximately 18.64 acres and located on Cathedral Shores Drive, also sits outside the 500-year floodplain and includes regional detention. Similar to Tract 1, Tract 2 presents a diverse range of development possibilities, encompassing multi-family, senior living, medical, office, retail, hospitality, self-storage, and build-for-rent single-family homes. Both tracts offer significant potential for developers seeking prime commercial land in a rapidly growing area of Montgomery County, Texas, with easy access via Cathedral Lakes Parkway and nearby roadways. The zip code is 77386.

    Property Features for 0 Cathedral Lake Pkwy

    General Information

    Property type
    Land
    Lot Size
    1,066,305 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4361404
    Latitude
    30.1191639

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    FAQs

    What type of property is this?
    Land - Prime Spring, TX commercial acreage.
    Where is this land located?
    The property is located at Cathedral Lake Pkwy Spring, TX.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cathedral Lake Pkwy Spring, TX 77386
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