Property profile

1097 And Longstreet Rd Waverly, TX 77378

OFF-MARKET
Land
17.62 ac lot
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Property summary

AI-generated overview

This exceptional 17.62-acre commercial land parcel presents a remarkable investment opportunity in Waverly, Texas. Situated at the northwest corner of FM 1097 and Longstreet Road, this unrestricted property boasts over 1,400 feet of frontage on FM 1097 and over 640 feet on Longstreet Road, ensuring high visibility and accessibility. The location offers convenient access to Lake Conroe and is less than five miles west of Interstate 45, providing excellent connectivity. This prime location is surrounded by multiple high-density residential communities, creating a strong potential customer base for various commercial ventures. FM 1097 experiences an average daily traffic count exceeding 10,000 vehicles. The property is located within Montgomery County and Willis ISD, with a 2023 tax rate of $1.78 per $100 of assessed value. A comprehensive demographic package is available upon request. The land is priced at $15 to $20 per square foot. This is an outstanding opportunity for developers seeking a high-traffic, highly visible location for a variety of commercial uses. The seller is willing to consider dividing the property. The property's address is FM 1097 and Longstreet Road, Willis, TX 77378.

Property profile

Verified
Property type Land
Lot 17.62 ac (767,527 SF)

Cap rate & NOI

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

Location

1097 And Longstreet Rd Waverly, TX 77378
Waverly 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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