Property profile

23874 Loop 494 Porter, TX 77365

OFF-MARKET
Retail properties & Spaces
9,125 SF 4.79 ac lot
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Property summary

AI-generated overview

This exceptional 4.79-acre commercial property boasts 212.24 feet of frontage on Loop 494 in Porter, Texas. The property includes seven buildings totaling 9,125 square feet, divided into six units, all situated on a single story. Its versatile zoning allows for a variety of uses, including auto shop, restaurant, and storefront operations. The prime location offers unparalleled visibility and accessibility, situated near major retailers such as Home Depot, Walmart, and Spec's Liquor. Furthermore, its proximity to the emerging Valley Ranch Vivacity Medical District, Valley Ranch Town Center, Grand Parkway (Hwy 99), I-69 (Hwy 59), and FM 1314 ensures high traffic volume and convenient access for customers and employees. A short 30-minute commute to Houston and George Bush Intercontinental Airport (IAH) adds to its appeal. This property, located within an Opportunity Zone, presents a unique investment opportunity for businesses seeking high visibility and strategic access to a rapidly growing area. The property's APN is 0104-00-00810. Asking price is $5,200,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 9,125 SF
Lot 4.79 ac (208,652 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23874 Loop 494 Porter, TX 77365
Porter metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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