22780 Tx-242 New Caney, TX 77357
This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in the rapidly growing New Caney, Texas market. Boasting 148 feet of frontage on the high-traffic Texas State Highway 242, which connects Highway 59 to Interstate 45, this property enjoys unparalleled visibility and accessibility. Situated in Montgomery County, with APN 6968-00-00200, the land is priced at $20.95 per square foot, totaling $958,219. Utilities are readily available through MC MUD #4. The location offers convenient proximity to key attractions and amenities, including Big River Water Park, Grand Parkway RV Resort, Speed Street Raceway, and the Valley Ranch Shopping Center. Furthermore, its strategic position provides easy access to Interstate 69 (Highway 59) and Highway 99 (Grand Parkway), enhancing its logistical appeal. Adding to its desirability, this property is located within an Opportunity Zone, presenting potential tax advantages for investors. The area's proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 15 miles away, further underscores its investment potential. This prime commercial land is ideal for a variety of uses, making it an exceptional opportunity for savvy investors seeking high-growth potential in a thriving Texas market.
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
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.