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Property profile & analytics
OFF-MARKET
Land

23019 Tx-242 Roman Forest, TX 77357

10.56 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.556-acre commercial land parcel presents a remarkable investment opportunity in Montgomery County, Texas. Boasting 662 feet of frontage on heavily trafficked Highway 242, this property is strategically positioned for a variety of commercial uses, including restaurants, retail establishments, or medical offices. The high visibility location ensures significant exposure to a substantial daily traffic volume, with 79,819 vehicles passing US 59 and 8,509 vehicles utilizing Hwy 242 itself. Its advantageous location within an Opportunity Zone provides additional investment incentives. The property enjoys convenient access to key amenities such as Big Rivers Water Park and the Grand Parkway RV Resort, enhancing its appeal and potential for success. Furthermore, its proximity to major transportation arteries adds to its strategic value: a mere 5.5 miles from Hwy 99, 15 miles from George Bush Intercontinental Airport (IAH), and a short 30-minute commute to Downtown Houston. The property's APN is 0382-00-00109, and it's located at 23019 TX-242, New Caney, TX 77357, within Roman Forest. The asking price for this prime commercial land is $2,495,800. This is an unparalleled opportunity to capitalize on the robust growth and development in this thriving area.

Property profile
Verified
Property type Land
Lot 10.56 ac (459,819 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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