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    Property profile & analytics

    15880 Tx-75 Willis, TX 77378

    • Land
    • 3.50 lot acres
    For Sale
    View listing
    $600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 15880 Tx-75

    Lot size
    3.50 lot acres
    Property type
    Land

    Description

    This exceptional 3.5-acre commercial land parcel presents a compelling investment opportunity in Willis, Texas. Located in Montgomery County, at 15880 TX-75, zip code 77378, this property boasts over 280 feet of frontage on Highway 75N. Its General Industrial zoning (permitted zoning 4) makes it ideal for manufacturing, distribution, or production facilities requiring ample outdoor storage. The site benefits from its location outside the 500-year floodplain, eliminating flood insurance concerns. Furthermore, this property is situated within an Opportunity Zone, offering potential tax advantages for qualified investors. Convenient access to major transportation arteries is a key advantage

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4943
    Latitude
    30.4701

    Comparable in this City

    • Value Estimation by Request
      30.00 Acres

      I-45 & Calvary

      Land • 30.00 Acres
      0 I-45 & Calvary, Willis, TX 77378
      View Details
    • Value Estimation by Request
      6.25 Acres

      17629 Carroll Ln

      Farms • 6.25 Acres
      17629 Carroll Ln, Willis, TX 77378
      View Details
    • Value Estimation by Request

      4 Tx-75

      Land
      4 Tx-75, Willis, TX 77378
      View Details
    • Value Estimation by Request
      0.91 Acres

      201 Powell St

      Land • 0.91 Acres
      201 Powell St, Willis, TX 77378-8332
      View Details
    • Value Estimation by Request
      4.70 Acres

      17742 Highway 75

      Mixed-use properties • 4.70 Acres
      17742 Highway 75, Willis, TX 77378
      View Details
    • Value Estimation by Request
      31.78 Acres

      14350 Tx-75

      Land • 31.78 Acres
      14350 Tx-75, Willis, TX 77378
      View Details

    Similar Nearby for Sale

    • $4,755,122

      Land in Opportunity Zone

      Land with utilities on-site near growing communities and Lake Conroe.
      15101 Highway 75 N, Willis, TX 77378
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    • Contact for pricing
      12.37 Acres

      Willis, TX Commercial Land

      12 Acres, Prime Location, High Growth
      13209 Fm 1097, Willis, TX 77378
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    • Contact for pricing
      30.00 Acres

      I-45 & Calvary: 30 Acres Retail Land

      Prime Willis, TX Retail Land - Opportunity Zone
      0 I-45 & Calvary, Willis, TX 77378
      View Details
    • $503,513

      Corner Lot Investment Opportunity

      Corner lot with frontage on three streets.
      N Hwy 75 Hwy, Willis, TX 77378
      View Details
    • $250,000

      Land For Sale

      Land available for purchase.
      15568 Republic Rnch Rd N, Willis, TX 77378
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    • $132,000

      Land For Sale in Willis

      Land available for sale in Willis, Texas.
      15279 Rubicon Rd, Willis, TX 77378
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    Similar Nearby for Lease

    • $13 SF/Yr
      6,250 SF

      Willis Flex Space Available Now!

      Brand new flex space, 1,250-5,000 SF
      1722 Cargill Dr, Willis, TX 77378
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    • $3 SF/Yr
      18,225 SF

      Willis Retail Pad Site - 18,225 SF

      Prime Willis location, ready-to-build retail pad.
      600 Montgomery St, Willis, TX 77378
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    • Contact for pricing
      2,000 SF

      Retail Space Near High-Traffic Area

      Retail space in high-growth area near major retail centers.
      12466 N Interstate 45, Willis, TX 77378
      View Details
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    15880 Tx-75
    Willis, TX 77378
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    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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