0 Tx-150 New Waverly, TX 77358
This exceptional 12-acre property in New Waverly, Texas, presents a unique investment opportunity. Located directly on Highway 150, it boasts heavy daytime traffic, ensuring high visibility for any commercial venture. The land is situated outside of any flood zones, offering peace of mind. A significant advantage is the existing timber exemption, resulting in a low property tax rate, enhancing the financial appeal. The property's versatility is highlighted by a wide range of permitted uses, including but not limited to: gas station/convenience store, strip mall, restaurant, medical facility, office space, retail space, and various other commercial and light industrial options. The mature trees provide a scenic backdrop, while the convenient location near I-45 offers easy access to major transportation routes. This property combines the tranquility of a rural setting with the strategic benefits of a high-traffic commercial location, making it an ideal canvas for a diverse range of development projects. The APN is 67052 and the asking price is $390,000. This 12-acre parcel offers a compelling blend of natural beauty, accessibility, and commercial potential, promising significant returns for the discerning investor. The zoning allows for a variety of uses, ensuring flexibility and adaptability to various business plans. The low tax rate and flood-free location further enhance the property's attractiveness. This is a rare opportunity to acquire a prime piece of Texas commercial land with exceptional potential.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.