Property profile

16475 1St Ter Splendora, TX 77372

FOR SALE
Residential land & home lots
Property ID
US83-3394033
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Property summary

AI-generated overview

Don't miss this rare opportunity to purchase raw land that is completely entitled! You can start turning dirt tomorrow! Approximately 87 acres in excellent location adjacent to I-69 (Hwy 59) with close proximity to Hwy 99 (Grand Parkway) (19 miles), IAH Bush Airport (20 miles) and downtown Houston (34 miles). Civil engineering plans approved for over 400 homes: 1) Manufactured Housing and 2) Build to Rent. Utilities to be provided from the City of Patton Village and detention ponds already in place.

Property profile

Verified
Property type Residential land & home lots
UPID US83-3394033

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16475 1St Ter Splendora, TX 77372
Splendora metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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