Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24862 Tx-494 Loop Porter, TX 77365
    Back to Search
    Property profile & analytics

    24862 Tx-494 Loop, Porter, TX 77365

    View on Map
    • Warehouses
    • 5,400 SF
    • 1.08 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 24862 Tx-494 Loop

    Year built
    1996
    Lot size
    1.08 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 5,400 square foot industrial warehouse, located at 24862 TX-494 Loop in Porter, Texas (77365), presents a unique owner-user opportunity. Built in 1996, this single-story building sits on a 1.083-acre lot and is priced at $1,200,000 ($222.22/sq ft). The property includes a fully functional auto repair business with most shop equipment included, offering immediate income potential. A significant advantage is the inclusion of a 900 square foot office space currently leased to a tenant, providing additional revenue streams. The property boasts high visibility due to its prime location on Loop 499, ensuring strong exposure to potential customers. The property's APN is R169660. This is a single-tenancy investment opportunity ideal for an owner-operator seeking to establish or expand their business in a thriving location. The property offers a blend of operational space and income-generating potential, making it an attractive investment for long-term growth. The land value is not factored into the price per square foot. This is a turnkey operation with established clientele and a strong foundation for future success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Porter
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2356
    Latitude
    30.087

    Comparable in this City

    • Value Estimation by Request
      141,360 SF

      23339 Us-59

      Distribution properties
      23339 Us-59, Porter, TX 77365
      View Details
    • Value Estimation by Request
      8,040 SF

      22985 Fm 1314 Rd

      Distribution properties
      22985 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Value Estimation by Request
      11,436 SF

      23435 Fm 1314 Rd

      Distribution properties
      23435 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Value Estimation by Request
      2,010 SF

      22985 Fm 1314 Rd

      Distribution properties
      22985 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Value Estimation by Request
      4.79 Acres

      23874 Loop 494

      Individual retail properties
      23874 Loop 494, Porter, TX 77365
      View Details
    • Value Estimation
      $905,000
      13,235 SF

      25415 Hwy 59

      AUTO REPAIR, GARAGE
      25415 Hwy 59, Porter, TX 77365-4895
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Unrestricted Commercial Property on FM 1314

      1.88-acre commercial property near I-69 and SH-99.
      20288 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Flexible Office/Warehouse Spaces Available

      Office and warehouse spaces for purchase or lease.
      22985 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Contact for pricing
      Pending

      Flexible Office/Warehouse Space Available

      Office and warehouse spaces for sale or lease.
      22985 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Flex Warehouse Condos For Sale

      Flex warehouse condos available for sale, ranging from 1,750-11,900 SF.
      22031 E Knox Dr, Porter, TX 77365
      View Details
    • Contact for pricing
      4,910 SF

      New Industrial Facility in Porter

      Newly constructed industrial facility ideal for various business operations.
      20735 Old Sorters Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Industrial Property in Porter, Texas

      7,000 SF industrial property for sale in Porter, TX.
      23095 Yupon St, Porter, TX 77365
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,868 SF

      Kingwood Retail and Warehouse Space

      Retail and warehouse buildings for lease in Kingwood, Texas.
      1715 Northpark Dr, Kingwood, TX 77365
      View Details
    • Contact for pricing
      1,250 SF

      Retail and Office/Warehouse Space

      Retail and office/warehouse space available for lease.
      24706 Loop 494, Porter, TX 77365
      View Details
    • Contact for pricing

      Versatile Flex Building for Lease

      Adaptable flex space suitable for retail, office, or warehouse.
      23430 Sorters Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Flex Warehouse Condos For Rent

      Flex warehouse condos available, ranging from 1,987 to 11,925 SF.
      22002 E Knox Dr, Porter, TX 77365
      View Details
    • Contact for pricing
      11,436 SF

      New Warehouse Spaces For Rent

      Office warehouse spaces with quick access to Grand Parkway.
      23435 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      21966 FM1314, Porter, TX 77365

      Warehouses
      21966 Fm 1314 Rd, Porter, TX 77365
      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.
    24862 Tx-494 Loop
    Porter, TX 77365
    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

    Thank You for Inquiry
    24862 Tx-494 Loop, Porter, TX, 77365
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!