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    Property profile & analytics

    20111 Us Hwy 59 New Caney, TX 77357-4997

    • Car washes
    • 7,356 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2329533
    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

    • Car washes

    Property Details for 20111 Us Hwy 59

    Year built
    2015
    Lot size
    1.60 lot acres
    Property size
    7,356 SF
    Zone code
    5
    Property type
    Car washes
    APN
    0308-02-05000
    APU
    3080205000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $670,000
      Current use
      OFFICE BUILDING
      $880,000
      Change: +32% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $875,000
      Change: +30% Conversion: Difficult
      RESTAURANT
      $845,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $720,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $615,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2148
    Latitude
    30.1543
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $53,235
    $1,045,440
    $1,109,805
    $2,155,245
    -
    $1,045,440
    $1,109,805
    $2,155,245

    Comparable in this City

    • Value Estimation by Request
      5,117 SF

      22745 Community Dr

      CAR WASH - SELF-SERVE • 5,117 SF
      22745 Community Dr, New Caney, TX 77357-4945
      View Details
    • Value Estimation by Request
      4,400 SF

      20942 Loop 494

      AUTO REPAIR, GARAGE • 4,400 SF
      20942 Loop 494, New Caney, TX 77357-8222
      View Details
    • Value Estimation by Request
      3,540 SF

      21120 Loop 494

      AUTO REPAIR, GARAGE • 3,540 SF
      21120 Loop 494, New Caney, TX 77357-8294
      View Details
    • Value Estimation
      $550,000
      11,400 SF

      23210 Fm 1485th Rd

      AUTO REPAIR, GARAGE • 11,400 SF
      23210 Fm 1485th Rd, New Caney, TX 77357-7330
      View Details
    • Value Estimation by Request
      2,444 SF

      25094 Fm 1485th Rd

      AUTO REPAIR, GARAGE • 2,444 SF
      25094 Fm 1485th Rd, New Caney, TX 77357-7362
      View Details
    • Value Estimation by Request
      2,400 SF

      19811 Fm 1485th Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      19811 Fm 1485th Rd, New Caney, TX 77357-7309
      View Details

    Similar Nearby for Sale

    • $2,700,000
      2 SF

      Retail/Office Investment Opportunity

      Income-producing retail and car wash near major retail and transportation.
      20203 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • $5,700,000
      4 SF

      Highway Frontage Commercial Property

      Commercial property with frontage on I-69/Hwy 59 for sale.
      20400 Us Highway 59, New Caney, TX 77357
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    • $958,219
      1.05 Acres

      Prime New Caney Commercial Land

      1.05 Acres, High Traffic Location, $958,219
      22780 Tx-242, New Caney, TX 77357
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    • Contact for pricing
      3.28 Acres

      I-69 & Legion Rd Commercial Land

      3.28 Acres, Prime Location, Development Ready
      21192 Legion Rd, New Caney, TX 77357
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    • Contact for pricing
      3.00 Acres

      Prime New Caney Commercial Land

      High-traffic, 3-acre retail site
      20131 Fm 1485 Rd, New Caney, TX 77357
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    • $1,538,300
      1,302 SF

      New Caney Commercial Corner Lot

      1.83-acre prime retail corner, high traffic.
      22010 Loop 494, New Caney, TX 77357
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    Similar Nearby for Lease

    • Contact for pricing
      1,100 SF

      Retail Space in New Caney

      Retail, office, or restaurant space in a prime location.
      22480-22580 Community Dr, New Caney, TX 77357
      View Details
    • $15 SF/Yr
      57,342 SF

      Community Hardware Shopping Center

      New Caney Retail Space Available
      22475 Community Dr, New Caney, TX 77357
      View Details
    • Contact for pricing
      8,050 SF

      Caney Crossing Retail Spaces

      New Caney, TX Retail Opportunity
      20172 Us Highway 59, New Caney, TX 77357
      View Details
    • $319,800
      2,105 SF

      Mixed-Use Property in High-Growth Corridor

      Commercial opportunity with residence, pool, and expansion potential.
      22450 Oakley Rd, New Caney, TX 77357
      View Details
    • Contact for pricing

      Land Available on FM 1485

      1.474 acres for ground lease or build-to-suit opportunity.
      18546 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • Contact for pricing
      1 SF

      Speed Street Pad Site: Prime Location

      1.3-Acre Commercial Land, New Caney, TX
      23050 Speed St, New Caney, TX 77357
      View Details
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    New Caney, TX 77357-4997
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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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