Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    22475 Community Dr New Caney, TX 77357
    Property profile & analytics

    22475 Community Dr, New Caney, TX 77357

    View on Map
    • Lifestyle centers
    • 57,342 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 22475 Community Dr

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents itself in the thriving Community Hardware Shopping Center, located at 22475 - 22606 Community Drive, New Caney, Texas, 77357, in Montgomery County. The center offers a total of 57,342 square feet of retail space, with multiple tenancies currently available. Three spaces are immediately available, ranging in size from a minimum of 1,100 square feet to a maximum contiguous space of 7,920 square feet. This provides flexibility for businesses of various sizes, from smaller boutiques to larger retail operations. The property's prime location in New Caney offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong sales. The shopping center is well-maintained and presents a clean, inviting atmosphere for customers. This is an ideal location for businesses seeking to establish or expand their presence in a growing community. The property's strategic positioning within Montgomery County provides access to a substantial consumer base. Serious inquiries are encouraged to explore this promising investment opportunity. Contact us today to schedule a viewing and discuss your business needs. The property is categorized as a shopping center and offers a multitude of possibilities for prospective tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2256
    Latitude
    30.129

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      585 Roman Forest Blvd

      Lifestyle centers
      585 Roman Forest Blvd, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      3.27 Acres

      19969 Us-59

      Day care centers
      19969 Us-59, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      54,175 SF

      20185 Us-59

      Restaurants
      20185 Us-59, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      1.05 Acres

      22780 Tx-242

      Restaurants
      22780 Tx-242, New Caney, TX 77357
      View Details
    • Value Estimation by Request

      22236 Via Principale Pkwy

      Day care centers
      22236 Via Principale Pkwy, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      1,302 SF

      22010 Loop 494

      Restaurants
      22010 Loop 494, New Caney, TX 77357
      View Details

    Similar Nearby for Sale

    • $729,000

      New Caney Commercial Property

      Commercial property in a rapidly growing area of Montgomery County.
      31865 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • Contact for pricing

      Prime Commercial Land on Hwy 242

      1.3+/- acre commercial land with frontage on Hwy 242.
      23404 State Highway 242, New Caney, TX 77357
      View Details
    • Contact for pricing
      2,500 SF

      Highway Frontage Mixed-Use Land

      12.99-acre mixed-use land with highway frontage and visibility.
      18118 Us Highway 59, Roman Forest, TX 77357
      View Details
    • Contact for pricing

      Highway Frontage Commercial Property

      Commercial property with frontage on I-69/Hwy 59 for sale.
      20400 Us Highway 59, New Caney, TX 77357
      View Details
    • Contact for pricing
      3,844 SF

      Income-Producing Commercial Property For Sale

      2.94-acre commercial property with income-generating improvements in New Caney.
      22271 Newton Dr, New Caney, TX 77357
      View Details
    • Contact for pricing
      2 SF

      Retail/Office Investment Opportunity

      Income-producing retail and car wash near major retail and transportation.
      20203 Fm 1485 Rd, New Caney, TX 77357
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      FM 1485 Frontage Opportunity

      Excellent frontage, visibility, and access in high-growth New Caney.
      17505 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
      7,803 SF

      Retail Space in New Caney

      Retail, office, or restaurant space in a prime location.
      22480-22580 Community Dr, New Caney, TX 77357
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space Near Walmart Supercenter

      Retail spaces available in a dynamic growth corridor.
      20172 Us Highway 59, 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
    • $20 SF/Yr
      2,100 SF

      Retail Space on FM 1485

      Retail space with high visibility and pylon signage available.
      20875 Fm 1485 Rd, 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.
    22475 Community Dr
    New Caney, 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

    Thank You for Inquiry
    22475 Community Dr, New Caney, TX, 77357
    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!