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    17789 Fm 1097 Rd Montgomery, TX 77356

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    17789 Fm 1097 Rd Montgomery, TX 77356

    View on Map
    • Commercial real estate
    • 9.34 lot acres
    Off-Market
    Property ID
    US83-2490641
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lone Star Trailers / Car Dealership

    Property Details for 17789 Fm 1097 Rd

    Lot size
    9.34 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.335-acre unrestricted property boasts 312 feet of road frontage on FM 1097 West in Montgomery, Texas, zip code 77356. Strategically located between the two entrances of the Bentwater subdivision, this land presents a compelling investment opportunity in a rapidly growing area of Montgomery County. The property includes an existing home, but the asking price of $1,300,000 reflects land value only. With a remarkably low tax rate of 1.568%, this parcel offers significant potential for various uses. Buyers are encouraged to conduct their own due diligence to explore possibilities such as commercial development, or smaller-scale single-family residential development. The property's prime location and substantial road frontage make it an attractive option for businesses seeking visibility and accessibility. All information is deemed reliable but not guaranteed

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.628279344143
    Latitude
    30.437052090624

    Comparable in this City

    • $2,000,000
      1.46 Acres

      Lake Conroe Waterfront Land

      1.46 Acres, 200' Lake Frontage, Unrestricted
      15081 Marina Dr, Montgomery, TX 77356
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    • $999,000

      Unrestricted Land on FM 1486

      Unrestricted commercial land with frontage on FM 1486.
      3974 N Fm 1486 Rd, Montgomery, TX 77356
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    • $495,000

      Downtown Montgomery Development Opportunity

      2.6 acre property suitable for short-term rental development.
      1062 Clepper, Montgomery, TX 77356
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    • $699,000
      1,350 SF

      8 Acres Near Lake Conroe

      8-acre property near Lake Conroe with existing infrastructure.
      13381 Forest Ln, Montgomery, TX 77356
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    Similar Nearby for Sale

    • $2,000,000
      1.46 Acres

      Lake Conroe Waterfront Land

      1.46 Acres, 200' Lake Frontage, Unrestricted
      15081 Marina Dr, Montgomery, TX 77356
      View Details
    • $999,000

      Unrestricted Land on FM 1486

      Unrestricted commercial land with frontage on FM 1486.
      3974 N Fm 1486 Rd, Montgomery, TX 77356
      View Details
    • $495,000

      Downtown Montgomery Development Opportunity

      2.6 acre property suitable for short-term rental development.
      1062 Clepper, Montgomery, TX 77356
      View Details
    • $699,000
      1,350 SF

      8 Acres Near Lake Conroe

      8-acre property near Lake Conroe with existing infrastructure.
      13381 Forest Ln, Montgomery, TX 77356
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Montgomery Flex Space For Lease

      Versatile property with office and warehouse spaces in prime location.
      18920 Freeport Dr, Montgomery, TX 77356
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    • Contact for pricing

      Versatile Flex Space in Montgomery

      Office, warehouse, and flex-space available near downtown Montgomery, Texas.
      15349-15604 Summit Park Dr, Montgomery, TX 77356
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    • Contact for pricing

      Corner Lot Ready for Build-Out

      Commercial land available for custom build-out at FM 1097.
      22453 Fm 1097 Rd, Montgomery, TX 77356
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    • Contact for pricing

      Land For Lease

      Land available for lease.
      14540 State Highway 105 W, Conroe, TX 77356
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    • Contact for pricing

      Commercial Land Ready For Development

      3.1 acres of commercial land available for ground lease.
      22425 Fm 1097 Rd, Montgomery, TX 77356
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    • Contact for pricing

      Move-in Ready Retail/Restaurant Space

      Two spaces for lease with excellent location and visibility.
      16145 State Highway 105 W, Montgomery, TX 77356
      View Details
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    Montgomery, TX 77356
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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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