Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23214 Sorters Rd Porter, TX 77365

    • Commercial real estate
    • 2,811 SF
    • 3.35 lot acres
    For Sale
    View listing
    $1,290,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2459869
    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

    • Jack Nicholson Auto Sales / Car Dealership

    Property Details for 23214 Sorters Rd

    Year built
    2011
    Construction
    STONE
    Lot size
    3.35 lot acres
    Property size
    2,811 SF
    Zone code
    5
    Property type
    Commercial real estate
    APN
    0702-00-00111
    APU
    7020000111

    Description

    St. Andrews Center presents a compelling investment opportunity in a thriving retail strip center. This Class A property boasts a total of 16,287 square feet and currently features multiple tenants. Five individual retail spaces are immediately available, ranging in size from 1,897 to 2,133 square feet, offering flexibility for a variety of businesses. The center is strategically positioned to serve the daily needs of the surrounding community, providing a convenient location for both residents and visitors. Its established tenant mix includes a diverse selection of restaurants and service-oriented businesses, creating a synergistic environment and attracting a consistent flow of customers. The property's Class A designation reflects its high-quality construction and modern amenities, ensuring a premium experience for both tenants and patrons. This is an exceptional chance to acquire a well-established retail center in a high-demand area, offering strong potential for rental income and long-term appreciation. The available spaces are ideal for businesses seeking a vibrant and accessible location within a thriving community. The center's convenient location and established reputation make it an attractive proposition for a range of retail ventures. This is a rare opportunity to secure a foothold in a successful and well-maintained retail property. Contact us today to learn more about this exceptional investment opportunity and schedule a viewing.

    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
    Porter
    County
    Montgomery
    State
    Texas
    Longitude
    -95.266
    Latitude
    30.1115
    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
    $18,699
    $616,810
    $501,110
    $1,117,920
    -
    $616,810
    $501,110
    $1,117,920

    Comparable in this City

    • Value Estimation by Request
      2.36 Acres

      Porter TX Fm 1314 & Timberland Blvd

      Land • 2.36 Acres
      Porter TX Fm 1314 & Timberland Blvd, Porter, TX 77365
      View Details
    • Value Estimation by Request
      7.63 Acres

      22455 Ford Rd

      Land • 7.63 Acres
      22455 Ford Rd, Porter, TX 77365
      View Details
    • Value Estimation by Request
      510 SF

      19374 Cabango Dr

      COMMERCIAL (GENERAL) • 510 SF
      19374 Cabango Dr, Porter, TX 77365
      View Details
    • Value Estimation by Request
      1,064 SF

      21236 Memorial Dr

      COMMERCIAL (GENERAL) • 1,064 SF
      21236 Memorial Dr, Porter, TX 77365-4801
      View Details
    • Value Estimation by Request
      2.90 Acres

      23480 Fm 1314 Rd

      Land • 2.90 Acres
      23480 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Value Estimation
      $1,585,000
      8,480 SF

      24067 Frd Rd

      COMMERCIAL (GENERAL) • 8,480 SF
      24067 Frd Rd, Porter, TX 77365
      View Details

    Similar Nearby for Sale

    • $1,878,072

      I-59 Commercial Land - Porter, TX

      High-traffic commercial land near I-59.
      0 Us-59, Porter, TX 77365
      View Details
    • Contact for pricing
      7.63 Acres

      7.63 Acres Porter, TX Land

      Prime Commercial/Residential Land, Dual Road Access
      22455 Ford Rd, Porter, TX 77365
      View Details
    • Contact for pricing
      6.22 Acres

      Kingwood Commercial Land - 6.2 Acres

      Prime Kingwood commercial land, ideal for retail.
      0 Kingwood Dr @ Sorters Rd, Porter, TX 77365
      View Details
    • Contact for pricing
      32.69 Acres

      32.69 Acres Porter, TX Land

      Prime Commercial/Industrial/Residential Land
      24055 Sorters Rd, Porter, TX 77365
      View Details
    • $1,500,000
      2.36 Acres

      Porter, TX Commercial Land

      ±2.36 Acres, Opportunity Zone, High Visibility
      Porter TX Fm 1314 & Timberland Blvd, Porter, TX 77365
      View Details
    • $2,425,628
      4.31 Acres

      4.3 Acres Valley Ranch Pkwy

      Prime Commercial Land, Porter, TX
      0 Valley Ranch Pkwy, Porter, TX 77365
      View Details

    Similar Nearby for Lease

    • $1.01 SF/Yr
      3,000 SF

      Freestanding Warehouse Near Highway 59

      Freestanding warehouse with highway access and fenced business park.
      20641-20665 Old Sorters Rd, Porter, TX 77365
      View Details
    • $0.95 SF/Yr
      16,625 SF

      Office Warehouse Property on Kelly Road

      Office warehouse with lay down yard, expansion potential, 18-wheeler access.
      25203 Kelly Rd, Porter, TX 77365
      View Details
    • $11 SF/Yr
      16,625 SF

      Kelly Road Warehouse Investment

      16,625 SF Warehouse, 2.49 Acres
      25203 Kelly Rd, Porter, TX 77365
      View Details
    • $1.23 SF/Yr
      1,250 SF

      Retail and Office/Warehouse Space

      Retail and office/warehouse space available for lease.
      24706 Loop 494, Porter, TX 77365
      View Details
    • $15 SF/Yr
      10,080 SF

      Porter Retail Center: Prime Location

      10,080 SF Retail Space, 1.27 Acres
      20125 Fm 1314 Rd, Porter, TX 77365
      View Details
    • $1,326,600
      2,010 SF

      Flexible Office/Warehouse Space Available

      Office and warehouse spaces for lease or purchase.
      22985 Fm 1314 Rd, Porter, TX 77365
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23214 Sorters Rd
    Porter, TX 77365
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.