Property profile

19637 W Fm 1097 Rd Montgomery, TX 77356

FOR SALE
Mobile home & RV parks
Property ID
US83-2254620
Built 2000
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Property summary

AI-generated overview

Fantastic Investment Opportunity, great location! This 5 ACRE property has 300' frontage on FM 1097 West between Willis and Montgomery and close to Lake Conroe. 10residential rental units, all leased, on the back 3 acres. The front 2 acres can be developed as commercial property, great location for an RV Park, storage units, or add more rental units! So much potential for development with this mixed use property. The property has 2 working wells & a complete commercial sewer system. Located in western Montgomery County, one of the fastest growing counties in Texas, with quick and easy access to I45, FM 149, Hwy 105 & Lake Conroe. Surrounded by Lake Celestine, a multi-million $ development, with residential, retail, office space, hotel and recreation & close to West Gate Town Center, with prime upscale retail, dining & residential. Tons of traffic pass this property between historic Montgomery and Willis! Don't miss this amazing investment opportunity! bikeScore: 21, Somewhat Bikeable walkScore: 1, Car-Dependent

Property profile

Verified
Property type Mobile home & RV parks
Year built 2000
UPID US83-2254620

Cap rate & NOI

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

Location

19637 W Fm 1097 Rd Montgomery, TX 77356
Montgomery metro
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Value estimations

Realmo proprietary · 4 methods
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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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