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Property profile & analytics
OFF-MARKET
Land

150 Plum Grove Rd Roman Forest, TX 77357

25 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 25 ac (1,089,000 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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