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    19941 Fm 1485 Rd New Caney, TX 77357
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    19941 Fm 1485 Rd, New Caney, TX 77357

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    • Retail properties & Spaces
    • 3,724 SF
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 19941 Fm 1485 Rd

    Lot size
    2.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional 3,724 square foot retail property, situated on a 2-acre lot in New Caney, Texas, presents a lucrative investment opportunity. Located at 19941 FM 1485, this single-story building boasts excellent road frontage in a high-traffic, high-growth area, ensuring strong visibility and accessibility. The property features a fenced and gated entry, providing enhanced security. Renovated in 1999, the building includes separate and private offices, ideal for administrative functions or additional revenue streams. The interior space totals 3,724 square feet, complemented by 2,445 square feet of covered bays and canopies, perfect for automotive sales or service. Utilities are provided by New Caney MUD, and the property enjoys easy access to I-69 (Hwy 59) and is minutes from the Grand Parkway (Hwy 99). This versatile property is suitable for a variety of uses, including retail, office, auto sales, specialty shops, or mixed-use development. The asking price is $1,200,000, and owner financing is available, making this an attractive proposition for discerning investors. The property is located in Montgomery County, Texas, zip code 77357.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2268
    Latitude
    30.1583

    Comparable in this City

    • Value Estimation
      $550,000
      11,400 SF

      23210 Fm 1485th Rd

      AUTO REPAIR, GARAGE
      23210 Fm 1485th Rd, New Caney, TX 77357-7330
      View Details
    • Value Estimation by Request
      2,444 SF

      25094 Fm 1485th Rd

      AUTO REPAIR, GARAGE
      25094 Fm 1485th Rd, New Caney, TX 77357-7362
      View Details
    • Value Estimation by Request
      2,400 SF

      19811 Fm 1485th Rd

      AUTO REPAIR, GARAGE
      19811 Fm 1485th Rd, New Caney, TX 77357-7309
      View Details
    • Value Estimation
      $525,000
      10,000 SF

      19870 Fm 1485th Rd

      AUTO REPAIR, GARAGE
      19870 Fm 1485th Rd, New Caney, TX 77357-7308
      View Details
    • Value Estimation by Request
      1,200 SF

      Fm 1485th Rd

      AUTO REPAIR, GARAGE
      Fm 1485th Rd, New Caney, TX 77357
      View Details
    • Value Estimation by Request
      3,480 SF

      21952 Mexican John Rd

      AUTO REPAIR, GARAGE
      21952 Mexican John Rd, New Caney, TX 77357-4064
      View Details

    Similar Nearby for Sale

    • $729,000

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      Highway Frontage Commercial Property

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      2 SF

      Retail/Office Investment Opportunity

      Income-producing retail and car wash near major retail and transportation.
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      FM 1485 Frontage Property

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    Similar Nearby for Lease

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      FM 1485 Frontage Opportunity

      Excellent frontage, visibility, and access in high-growth New Caney.
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      Commercial Space For Lease

      Commercial space available for lease in New Caney, Texas.
      20172 Us Highway 59, New Caney, TX 77357
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      New Caney Warehouse Space

      Warehouse space in rapidly growing New Caney. Excellent accessibility.
      24090 Fm 1485 Rd, New Caney, TX 77357
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    • $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
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      Retail Space For Lease

      Retail spaces available for lease.
      20851 Fm 1485 Rd, New Caney, TX 77357
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      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
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    New Caney, TX 77357
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    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
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    19941 Fm 1485 Rd, New Caney, TX, 77357
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