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    23741 Us-59 Porter, TX 77365

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    23741 Us-59 Porter, TX 77365

    View on Map
    • Neighborhood centers
    • 95,832 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 23741 Us-59

    Property size
    95,832 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at the high-traffic intersection of Hwy 59 and FM 1314 in Montgomery County. The Porterwood Shopping Center boasts a prime location with excellent visibility and signage opportunities along major thoroughfares. This thriving area is experiencing significant growth, surrounded by over 45,000 homes within a 5-mile radius, ensuring a strong customer base. The property comprises a 95,832 square foot strip center with two suites. Currently, approximately 2,400 square feet of end-cap space is available for lease, including a tenant improvement allowance. Additionally, a 2.2-acre pad site is available for ground lease, presenting a unique opportunity for development. The property offers convenient ingress and egress access from both Hwy 59 and FM 1314, maximizing exposure and accessibility for businesses. This is an ideal location for retailers seeking high visibility and a strong customer base in a rapidly growing market. The property features no elevators. Don't miss this chance to secure a prominent position in a highly desirable retail center.

    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
    -95.2357
    Latitude
    30.1025

    Comparable in this City

    • Value Estimation by Request
      11,200 SF

      19901 Fm 1314 Rd

      Individual retail properties • 11,200 SF
      19901 Fm 1314 Rd, Porter, TX 77365
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    • Value Estimation by Request
      135,800 SF

      Valley Ranch Crossing Dr

      Restaurants • 135,800 SF
      0 Valley Ranch Crossing Dr, Porter, TX 77365
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    • Value Estimation by Request
      7,984 SF

      23980 Fm 1314 Rd

      Individual retail properties • 7,984 SF
      23980 Fm 1314 Rd, Porter, TX 77365
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    • Value Estimation by Request
      4.79 Acres

      23874 Loop 494

      Individual retail properties • 9,125 SF
      23874 Loop 494, Porter, TX 77365
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    • Value Estimation by Request
      5,000 SF

      23430 Fm 1314 Rd

      Restaurants • 5,000 SF
      23430 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Value Estimation by Request
      10,080 SF

      20125 Fm 1314 Rd

      Land • 10,080 SF
      20125 Fm 1314 Rd, Porter, TX 77365
      View Details

    Similar Nearby for Sale

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      Partially Finished Retail Opportunity

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    Similar Nearby for Lease

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      1,250 SF

      Retail and Office/Warehouse Space

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      New Construction Retail/Office Space

      New construction retail or office space available for lease.
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      Retail Space Available For Rent

      Retail spaces available, ranging from 1,100 to 7,920 SqFt.
      22475 Community Dr, New Caney, TX 77365
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      Retail Space Available For Rent

      Retail space available, offering 1,250 square feet.
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      Prime Retail Space Available

      Retail space in high-traffic area with excellent visibility.
      23035 Valley Ranch Pkwy, Porter, TX 77365
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      Versatile Flex Building for Lease

      Adaptable flex space suitable for retail, office, or warehouse.
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    23741 Us-59
    Porter, TX 77365
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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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