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    34519 Tx-249 Pinehurst, TX 77362
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    34519 Tx-249, Pinehurst, TX 77362

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    • Retail properties & Spaces
    • 7,748 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 34519 Tx-249

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Pinehurst, Texas commercial property boasts over 600 feet of prime frontage on Highway 249, experiencing over 38,000 vehicles daily. The 7,748 square foot property, priced at $1,500,000 ($193.60/sq ft), sits on a 25,961 square foot lot and includes two one-story buildings. Its versatile zoning allows for commercial and residential uses, making it ideal for a wide range of businesses. Potential uses include retail, office, light industrial, self-storage, auto repair, gas station, or car wash. The property's high visibility and accessibility, coupled with its location near new residential developments, offer significant growth potential. Easy freeway access ensures convenient customer access and efficient logistics. The property is not located in a flood plain. This is a rare opportunity to acquire a high-traffic, versatile commercial property with excellent visibility and future growth potential in a thriving Texas market. The property is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pinehurst
    County
    Montgomery
    State
    Texas
    Longitude
    -95.6728
    Latitude
    30.163

    Comparable in this City

    • Value Estimation by Request
      7,748 SF

      34519 Tx-249

      Distribution properties
      34519 Tx-249, Pinehurst, TX 77362
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      1,215 SF

      28215 Vallie St

      Flex space
      28215 Vallie St, Pinehurst, TX 77362
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      1.00 Acre

      31426 State Hwy 249

      AUTO REPAIR, GARAGE
      31426 State Hwy 249, Pinehurst, TX 77362-3883
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      2,000 SF

      31847 Tx-249

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      31847 Tx-249, Pinehurst, TX 77362
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      5,600 SF

      36126 Fm 149th Rd

      AUTO REPAIR, GARAGE
      36126 Fm 149th Rd, Pinehurst, TX 77362-2805
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    • Value Estimation
      $2,295,000
      23,775 SF

      35335 State Hwy 249

      MINI-WAREHOUSE, STORAGE
      35335 State Hwy 249, Pinehurst, TX 77362-3473
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      4,800 SF

      Prime Industrial Space on SH 249

      Unrestricted 1.78-acre property with 4,800 SF building and highway frontage.
      34715 State Highway 249, Pinehurst, TX 77362
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      4,800 SF

      34715 TX-249, Pinehurst, TX 77362

      Auto shops
      34715 Tx-249, Pinehurst, TX 77362
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      2,000 SF

      Renovated Office Building For Sale

      Newly renovated office building off Hwy 249 in Pinehurst, TX.
      31847 State Highway 249 South, Pinehurst, TX 77362
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      18,000 SF

      Magnolia Industrial/Flex Space Available

      Versatile 18,000 SF industrial/flex space for lease or sale.
      32629 Decker Industrial Dr, Pinehurst, TX 77362
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      Land Available in Pinehurst, TX

      Land available for sale in Pinehurst, Texas.
      Tx-249, Pinehurst, TX 77362
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      Prime Retail Development Site

      Commercial land with high traffic frontage near major highway.
      35639 Fm 1774 Rd, Pinehurst, TX 77362
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    Similar Nearby for Lease

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      Versatile Office & Warehouse Spaces

      Office and warehouse spaces with highway frontage in Pinehurst, TX.
      28215 Vallie St, Pinehurst, TX 77362
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      70,000 SF

      New Warehouse Space in Tomball

      Modern warehouse space available for lease in fast-growing Tomball.
      Sh 249, Pinehurst, TX 77362
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      535,788 SF

      Prime Land with Freeway Frontage

      12.3 acres with high visibility and freeway frontage.
      State Highway 249, Pinehurst, TX 77362
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      Land Near Magnolia & Tomball

      Land available for rent near Magnolia, Tomball, and freeways.
      State Highway 249, Pinehurst, TX 77362
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      7,200 SF

      Pinehurst Commercial Property For Rent

      7,200 sqft commercial space available for rent in Pinehurst, TX.
      35502 Fm 149 Rd, Pinehurst, TX 77362
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    Pinehurst, TX 77362
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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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