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Property profile & analytics
OFF-MARKET
Land

17560 Tx-242 Roman Forest, TX 77357

17.69 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 17.69-acre commercial land parcel presents a remarkable investment opportunity in the thriving New Caney, Texas market. Strategically positioned at the intersection of Highway 242 and Big Rivers Road, this property boasts an impressive 1,552 feet of frontage along the heavily trafficked Highway 242. The high visibility and accessibility are further enhanced by its proximity to major transportation arteries, including Interstate 69 and Highway 99. Daily traffic counts exceeding 79,819 vehicles on US 59 and 8,509 vehicles on Highway 242 ensure significant exposure for any development. The site's zoning and utilities, provided by EMC MUD#4, are ideal for a variety of commercial uses, including multi-family residential or retail developments. Its location near popular attractions like Big Rivers Water Park and Speed Sportz Raceway adds to its appeal. The asking price is $9,538,000, translating to a land value of $12.37 per square foot. The property's APN is 0382-00-00121. Seller financing options are available. This property offers significant potential for substantial returns in a rapidly growing area. Don't miss this chance to acquire a prime piece of commercial real estate in Montgomery County, Texas.

Property profile
Verified
Property type Land
Lot 17.69 ac (770,707 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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