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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    127 Coburn Rd Cleveland, TX 77328

    • Commercial real estate
    • 2.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2477494
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 127 Coburn Rd

    Lot size
    2.21 lot acres
    Property type
    Commercial real estate
    APN
    0048-00-08510

    Description

    This exceptional 2.211-acre commercial/industrial land parcel presents a unique investment opportunity in the thriving Cleveland, Texas market. Located at 127 Coburn Rd, in Montgomery County (APN 0048-00-08510), this property boasts a highly desirable location on SH 105, placing it directly in the path of significant growth. The lot is level and offers 166 feet of frontage, providing excellent visibility and accessibility. Importantly, this property has never experienced flooding and is unrestricted, offering maximum flexibility for development. The asking price is $450,000, representing a compelling value based on land value alone. This mixed-use zoning allows for a wide range of development possibilities. An adjacent 5.5-acre parcel is also available for purchase, presenting an opportunity to acquire a larger contiguous land holding. This property's prime location, combined with its size, zoning, and lack of restrictions, makes it an ideal investment for developers and businesses seeking a strategic foothold in a rapidly expanding area. The zip code is 77328. The property's coordinates are 30.3303762 latitude and -95.276872 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Montgomery
    State
    Texas
    Longitude
    -95.276872
    Latitude
    30.3303762

    Comparable in this City

    • $1,500,000
      10.00 Acres

      10-Acre Industrial Land in Cleveland, TX

      Prime 10-acre industrial lot with existing improvements.
      1205 Fm 1725 Rd, Cleveland, TX 77328
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    • $825,000
      4,000 SF

      Versatile Land with Warehouse

      19.84 acres with warehouse near Highway 105.
      1378 N Duck Creek Rd, Cleveland, TX 77328
      View Details
    • $1,500,000

      Warehouse and Residential Income Property

      Four homes and an 18,000 SF warehouse for sale.
      397 County Road 379, Cleveland, TX 77328
      View Details
    • $825,000

      Industrial Facility with Expansive Yard

      Manufacturing and industrial facility with multiple buildings and excellent accessibility.
      2565 Lee Turner Rd, Cleveland, TX 77328
      View Details
    • $1,400,000

      18-Acre Commercial Land, Cleveland, TX

      Prime 18-acre tract; unrestricted development.
      11304 Fostoria Rd, Cleveland, TX 77328
      View Details
    • $955,996
      768 SF

      48 Acres Wooded Land for Recreation

      48 acres of wooded land bordering Peach Creek.
      1255 Lee Turner Rd, Cleveland, TX 77328
      View Details

    Similar Nearby for Sale

    • $1,500,000
      10.00 Acres

      10-Acre Industrial Land in Cleveland, TX

      Prime 10-acre industrial lot with existing improvements.
      1205 Fm 1725 Rd, Cleveland, TX 77328
      View Details
    • $825,000
      4,000 SF

      Versatile Land with Warehouse

      19.84 acres with warehouse near Highway 105.
      1378 N Duck Creek Rd, Cleveland, TX 77328
      View Details
    • $1,500,000

      Warehouse and Residential Income Property

      Four homes and an 18,000 SF warehouse for sale.
      397 County Road 379, Cleveland, TX 77328
      View Details
    • $825,000

      Industrial Facility with Expansive Yard

      Manufacturing and industrial facility with multiple buildings and excellent accessibility.
      2565 Lee Turner Rd, Cleveland, TX 77328
      View Details
    • $1,400,000

      18-Acre Commercial Land, Cleveland, TX

      Prime 18-acre tract; unrestricted development.
      11304 Fostoria Rd, Cleveland, TX 77328
      View Details
    • $955,996
      768 SF

      48 Acres Wooded Land for Recreation

      48 acres of wooded land bordering Peach Creek.
      1255 Lee Turner Rd, Cleveland, TX 77328
      View Details
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    127 Coburn Rd
    Cleveland, TX 77328
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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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