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Property profile & analytics
OFF-MARKET
Land

2564 I-45 New Waverly, TX 77358

2,442 SF 31.94 ac lot Built 2006
Property ID
Property summary
AI-generated overview

This exceptional 31.94-acre commercial property boasts 920 feet of frontage on I-45 South in New Waverly, Texas, zip code 77358, Walker County. The land, which is currently zoned for commercial, industrial, and residential use, offers unparalleled access and visibility due to its location near the recently completed new southbound exit ramp. Strategically positioned between The Woodlands, Conroe, Willis, Huntsville, and New Waverly, and in close proximity to Lake Conroe, this property benefits from a strong regional economy and significant population growth. Nearby developments include the ExxonMobil corporate headquarters, Texas Grand Ranch, The Woodlands Hills (a master-planned community of approximately 4,600 homes), Moran Ranch, and Chambers Creek (a 55+ residential community). The property is surrounded by Sam Houston National Forest and Lake Conroe, providing a unique blend of natural beauty and commercial potential. The site includes a completely fenced perimeter with a wrought iron fence and gate, a winding concrete drive leading to two existing homes (one Heights style, the other a log home with an elevator, to be removed), a stocked pond with a bridge and gazebo, and a 4,800 square foot building. According to current FEMA FIRM maps and a recent Category 1A condition L.L. survey, the property is not located in a floodplain. The property is also currently designated as agricultural exempt. Potential uses are diverse and include luxury RV parks, retail developments, corporate retreats, single-family residential, multi-family housing, or industrial facilities. The asking price is $2,587,140, with a land value of $2.08 per square foot. The property's legal description is Marsh R (a-373), Tract 2.5. Owner financing may be available.

Property profile
Verified
Property type Land
Year built 2006
Total area 2,442 SF
Lot 31.94 ac (1,391,306 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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