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

    17742 Highway 75 Willis, TX 77378

    • Commercial real estate
    • 4.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2587449
    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 17742 Highway 75

    Lot size
    4.70 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.7-acre commercial property boasts an unparalleled location on Highway 75 in Willis, Texas, offering over 1000 feet of prime highway frontage. The property includes three existing buildings, presenting a unique opportunity for redevelopment or expansion. Its strategic position provides excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Situated less than two miles from Interstate 45 North, this location offers convenient access to major transportation arteries. Commuters will appreciate its proximity to Houston (45 minutes), The Woodlands and Montgomery (30 minutes), Conroe (15 minutes), and New Waverly (under 5 minutes). The property is equipped with a well and septic system, simplifying utility connections. The unrestricted nature of the land allows for diverse development possibilities, from residential to commercial projects. This prime location in Montgomery County, Texas, with its 77378 zip code, presents a rare chance to acquire a substantial parcel of land with significant development potential. The existing buildings offer immediate use or can be repurposed to suit your specific needs. This is a blank canvas for your next commercial endeavor. Asking price is $650,000.

    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
    Willis
    County
    Montgomery
    State
    Texas
    Longitude
    -95.488246
    Latitude
    30.4994676

    Comparable in this City

    • $549,000
      5.52 Acres

      Willis, TX Mixed-Use Land

      5.5 Acres, Opportunity Zone, High Visibility
      17171 Fm 1097, Willis, TX 77378
      View Details
    • $1,800,000

      Willis Commercial Land - 7.649 Acres

      Prime Willis, TX development opportunity.
      0 Tx-75, Willis, TX 77378
      View Details
    • $665,000
      6.25 Acres

      Willis, TX Commercial Land - 6.25 Acres

      6.25-acre commercial/residential property in Willis, TX.
      17629 Carroll Ln, Willis, TX 77378
      View Details
    • $140,000

      Corner Acre Homesite in Willis

      Acreage homesite in Republic Grand Ranch community.
      15945 4 Hl Rd, Willis, TX 77378
      View Details
    • $250,000

      Unrestricted Lot Near Highway 75

      0.58 acre lot near Highway 75 with city utilities.
      14040 Highway 75 N, Willis, TX 77378
      View Details
    • $799,500

      Prime Highway Frontage Land

      4-acre property with 530 feet of highway frontage.
      4 Acres Hwy 75 N, Willis, TX 77378
      View Details

    Similar Nearby for Sale

    • $549,000
      5.52 Acres

      Willis, TX Mixed-Use Land

      5.5 Acres, Opportunity Zone, High Visibility
      17171 Fm 1097, Willis, TX 77378
      View Details
    • $1,800,000

      Willis Commercial Land - 7.649 Acres

      Prime Willis, TX development opportunity.
      0 Tx-75, Willis, TX 77378
      View Details
    • $665,000
      6.25 Acres

      Willis, TX Commercial Land - 6.25 Acres

      6.25-acre commercial/residential property in Willis, TX.
      17629 Carroll Ln, Willis, TX 77378
      View Details
    • $140,000

      Corner Acre Homesite in Willis

      Acreage homesite in Republic Grand Ranch community.
      15945 4 Hl Rd, Willis, TX 77378
      View Details
    • $250,000

      Unrestricted Lot Near Highway 75

      0.58 acre lot near Highway 75 with city utilities.
      14040 Highway 75 N, Willis, TX 77378
      View Details
    • $799,500

      Prime Highway Frontage Land

      4-acre property with 530 feet of highway frontage.
      4 Acres Hwy 75 N, Willis, TX 77378
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space Near High-Traffic Area

      Retail space in high-growth area near major retail centers.
      12466 N Interstate 45, Willis, TX 77378
      View Details
    • $13 SF/Yr
      6,250 SF

      Willis Flex Space Available Now!

      Brand new flex space, 1,250-5,000 SF
      1722 Cargill Dr, Willis, TX 77378
      View Details
    • $3 SF/Yr
      18,225 SF

      Willis Retail Pad Site - 18,225 SF

      Prime Willis location, ready-to-build retail pad.
      600 Montgomery St, Willis, TX 77378
      View Details
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    17742 Highway 75
    Willis, TX 77378
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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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