Property summary
This exceptional investment opportunity presents a 7,200 square foot multi-tenant retail center situated on a 0.48-acre lot at 22513 Community Dr, New Caney, Texas, 77357. Currently 100% leased, the property boasts excellent visibility and accessibility due to its prime location on Hwy 99. The center benefits from convenient access to major thoroughfares including I-69 (Hwy 59), Hwy 99 (Grand Parkway), and Loop 494, ensuring high traffic volume and exposure. Utilities are provided by New Caney MUD. This property is strategically located near the Valley Ranch Town Center, further enhancing its appeal and potential for growth. The asking price is $1,190,388, translating to $165.33 per square foot. Adding to its investment allure, this property is located within an Opportunity Zone, offering potential tax advantages. The proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 15 miles away, provides additional value and accessibility. This is a rare opportunity to acquire a thriving retail center in a rapidly developing area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
5 · New Caney, TXZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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