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Property profile & analytics
OFF-MARKET
Warehouses

231 Tx-150 New Waverly, TX 77358

5,536 SF 13 ac lot Built 1991
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1991
Total area 5,536 SF
Lot 13 ac (566,280 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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