Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    150 Plum Grove Rd Roman Forest, TX 77357

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    150 Plum Grove Rd Roman Forest, TX 77357

    View on Map
    • Land
    • 25.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 150 Plum Grove Rd

    Lot size
    25.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 25-acre commercial and industrial land parcel presents a remarkable investment opportunity in the rapidly growing New Caney area of Texas. Located at 150 Plum Grove Rd, Roman Forest, TX 77357, this property boasts approximately 1,250 feet of road frontage on Plum Grove Road, offering excellent visibility and accessibility. The land is situated less than half a mile south of the recently completed Grand Parkway extension, providing convenient access via the Huffman Cleveland Road exit. Its strategic location is further enhanced by its proximity to several major residential developments, including Los Pinos and Saint Tropez, adding to its long-term growth potential. These communities are currently under construction and will bring over 4,000 residential lots online in 2023, along with the already established Santa Fe Subdivision with over 20,000 residential lots under construction. The property is zoned for unrestricted development, making it ideal for a variety of uses, including retail, general commercial, and multi-family projects. Utilities are readily available nearby, and the land is conveniently located near Plum Creek Freshwater Supply District No. 1 and Plum Creek Management District. Importantly, this property is not located within a flood plain, according to FEMA maps. The property is also strategically positioned near the future proposed FM 1485 extension and the proposed Plum Grove Road extension and widening, further enhancing its future value. This 5-tract parcel is situated in Harris County, within the Huffman ISD, and boasts a 2021 total tax rate of $2.01 per $100 of assessed value. The asking price is $6,534,000, with a land value of $6 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roman Forest
    County
    Harris
    State
    Texas
    Longitude
    -95.0976
    Latitude
    30.1426

    Comparable in this City

    • Value Estimation by Request
      9.78 Acres

      19308 Fm 1485 Rd

      Land • 9.78 Acres
      19308 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      6.26 Acres

      20025 Heights Blvd

      Multifamily properties • 4,500 SF
      20025 Heights Blvd, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      11.92 Acres

      18110 Us-59

      Land • 11.92 Acres
      18110 Us-59, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      11.61 Acres

      Mccleskey Rd

      Land • 11.61 Acres
      0 Mccleskey Rd, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      0.92 Acres

      22899 Gabriel Rd

      Land • 0.92 Acres
      22899 Gabriel Rd, Roman Forest, TX 77357
      View Details
    • Value Estimation by Request
      2.38 Acres

      27965 Fm 1485 Rd

      Land • 2.38 Acres
      27965 Fm 1485 Rd, New Caney, TX 77357
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Approximately 0.98 acres of land available for lease.
      22820 State Highway 242, New Caney, TX 77357
      View Details
    • Contact for pricing
      4,018 SF

      Industrial Space Available for Rent

      4,018 square feet of industrial space for lease.
      17902 Us Highway 59, New Caney, TX 77357
      View Details
    • Contact for pricing

      Regional Power Center Land

      Land in a 750,000-SF regional power center.
      Us Highway 59 N, New Caney, TX 77357
      View Details
    • Contact for pricing

      New Caney Warehouse Space

      Warehouse space in rapidly growing New Caney. Excellent accessibility.
      24090 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in New Caney, Texas.
      20172 Us Highway 59, New Caney, TX 77357
      View Details
    • Contact for pricing

      Prime Retail Pad Site Available

      Ground lease opportunity in fast-growing Houston suburban market.
      22820 State Highway 242, New Caney, TX 77357
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    150 Plum Grove Rd
    Roman Forest, TX 77357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!