0 Fm 1375 Rd New Waverly, TX 77358
This exceptional 60.16-acre commercial land parcel presents a unique investment opportunity in the rapidly growing New Waverly, Texas area. Priced at $2,707,200 ($45,000/acre), this unrestricted property boasts approximately 1,200 feet of frontage on FM 1375, ensuring high visibility and accessibility. Its strategic location offers convenient access to major transportation arteries, including proximity to Interstate 45 (approximately 2 miles) and State Highway 75 (less than a mile). The property's location also benefits from its proximity to local schools, being approximately 2 miles from New Waverly High School and 1 mile from New Waverly Elementary School. This makes it ideal for a wide range of commercial developments, catering to the needs of the thriving community and commuters alike. The expansive lot size provides ample space for large-scale projects, while the unrestricted nature of the land allows for maximum flexibility in development plans. This is a rare opportunity to acquire a significant tract of commercial land in a desirable location with excellent growth potential. The property is located at 0 FM 1375, New Waverly, Walker County, TX 77358. Don't miss this chance to secure a prime piece of Texas real estate.
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
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No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.