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    17965 Rogers Rd New Waverly, TX 77358

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    17965 Rogers Rd New Waverly, TX 77358

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    • Specialty properties
    • 2,796 SF
    • 10.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 17965 Rogers Rd

    Lot size
    10.00 lot acres
    Property size
    2,796 SF
    Property type
    Specialty properties
    Property subtype
    Mixed-use properties

    Description

    This exceptional 10-acre property in Montgomery County, Texas, presents a unique opportunity for owner-users seeking a blend of residential comfort and significant development potential. The main residence boasts 2,796 square feet of living space, situated on a single story. The property also includes a pole-style barn currently used for RV storage. Two ponds enhance the picturesque landscape, which features a mix of cleared and uncleared land. The property's mixed-use zoning allows for a variety of possibilities, including an RV park, event venue, or small residential development. The asking price is $900,000, with occupancy available October 1, 2024. The address is 17965 Rogers Rd, New Waverly, TX 77358. Note that an adjacent 10-acre property (17691 Rogers Rd) is also available for purchase, offering additional acreage, two homes, a fishing pond, and a barn with income-generating potential. This combined property would significantly expand the investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Waverly
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4576
    Latitude
    30.4964

    Comparable in this City

    • Value Estimation by Request
      5,536 SF

      231 Tx-150

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    • Value Estimation by Request
      10.00 Acres

      17691 Rogers Rd

      Multifamily properties • 10.00 Acres
      17691 Rogers Rd, New Waverly, TX 77358
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    • Value Estimation by Request
      2,467 SF

      511 Front St

      Office Units • 2,467 SF
      511 Front St, New Waverly, TX 77358
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    • Value Estimation by Request
      2,400 SF

      465 Fm 1375th E Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,400 SF
      465 Fm 1375th E Rd, New Waverly, TX 77358
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    • Value Estimation by Request
      3,192 SF

      455 State Hwy 150

      VETERINARY, ANIMAL HOSPITAL • 3,192 SF
      455 State Hwy 150, New Waverly, TX 77358-4335
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    • Value Estimation
      $610,000
      5,000 SF

      325 State Hwy 150

      STORE/OFFICE (MIXED USE) • 5,000 SF
      325 State Hwy 150, New Waverly, TX 77358-4333
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Unrestricted Land Near Huntsville, Willis

      99.88 acres of unrestricted land with utilities available.
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    • $2,707,200

      Land Available in New Waverly

      Land for sale on FM 1375, New Waverly, Texas.
      Fm 1375 Rd, New Waverly, TX 77358
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    New Waverly, TX 77358
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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