231 Tx-150 New Waverly, TX 77358
This exceptional 13-acre Texas property, located at 231 TX-150 in New Waverly (77358), presents a unique investment opportunity. The property features a mix of commercial and residential elements, ideal for a variety of uses. Three buildings totaling 5,536 square feet sit on the land, including a 45x75 foot steel building suitable for commercial use. The property is zoned for auto shop, daycare, and warehouse uses. The existing structures offer ample space for various business ventures, while the expansive acreage provides room for expansion or additional development. A two-story, log-style home adds residential appeal, boasting hardwood floors, a stone fireplace, granite countertops, and multiple bedrooms and bathrooms. Outdoor amenities include a sparkling pool with fencing and decking, two ponds, a barn with stalls and tack room, ample parking, and a gated entrance. The property also benefits from a whole-house generator and an existing agricultural exemption. Conveniently located just five minutes from I-45, this property offers both privacy and easy access to major transportation routes. The asking price is $1,143,900, with a price per square foot of $206.63. Built in 1991, this property offers a blend of established infrastructure and significant development potential. The property's versatility, combined with its prime location and extensive amenities, makes it an attractive investment for discerning buyers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.