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    23550 Fm 1485th Rd New Caney, TX 77357-6676

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    23550 Fm 1485th Rd New Caney, TX 77357-6676

    View on Map
    • Grocery and convenience stores
    • 3,167 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US83-2467960
    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

    • Grocery and convenience stores

    Property Details for 23550 Fm 1485th Rd

    Year built
    1981
    Construction
    FRAME
    Lot size
    0.52 lot acres
    Property size
    3,167 SF
    Property type
    Grocery and convenience stores
    APN
    0193-00-01213
    APU
    1930001213

    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
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2064
    Latitude
    30.1499
    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
    $9,446
    $84,435
    $399,565
    $484,000
    -
    $84,435
    $399,565
    $484,000

    Comparable in this City

    • Value Estimation
      $4,585,000
      121,621 SF

      22030 Market Pl Dr

      GROCERY, SUPERMARKET • 121,621 SF
      22030 Market Pl Dr, New Caney, TX 77357-2016
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    • Value Estimation by Request
      6,336 SF

      19970 Fm 1485th Rd

      CONVENIENCE STORE • 6,336 SF
      19970 Fm 1485th Rd, New Caney, TX 77357-7310
      View Details
    • Value Estimation by Request
      1,960 SF

      25982 Fm 1485th Rd

      CONVENIENCE STORE • 1,960 SF
      25982 Fm 1485th Rd, New Caney, TX 77357-7368
      View Details
    • Value Estimation by Request
      3,000 SF

      20816 Loop 494

      CONVENIENCE STORE • 3,000 SF
      20816 Loop 494, New Caney, TX 77357-8221
      View Details
    • Value Estimation
      $515,000
      4,680 SF

      20120 Us Hwy 59

      CONVENIENCE STORE • 4,680 SF
      20120 Us Hwy 59, New Caney, TX 77357-4996
      View Details
    • Value Estimation
      $6,120,000
      191,642 SF

      20310 Us Hwy 59

      GROCERY, SUPERMARKET • 191,642 SF
      20310 Us Hwy 59, New Caney, TX 77357-8266
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,020 SF

      Dollar General Investment Opportunity

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    • $2,700,000
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      Retail/Office Investment Opportunity

      Income-producing retail and car wash near major retail and transportation.
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      2 Acres on Roman Forest

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    • $1,538,300
      1,302 SF

      New Caney Commercial Corner Property

      Prime commercial corner in New Caney with redevelopment potential.
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      Highway 59 Frontage Land

      12.99-acre land with frontage and visibility on Highway 59.
      18118 Us Highway 59, New Caney, TX 77357
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    Similar Nearby for Lease

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      2,700 SF

      Retail Space Near Walmart Supercenter

      Retail spaces available in a dynamic growth corridor.
      20172 Us Highway 59, New Caney, TX 77357
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    • Contact for pricing
      7,803 SF

      Retail Space in New Caney

      Retail, office, or restaurant space in a prime location.
      22480-22580 Community Dr, New Caney, TX 77357
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    • Contact for pricing

      New Caney Warehouse Space

      Warehouse space in rapidly growing New Caney. Excellent accessibility.
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    • Contact for pricing

      FM 1485 Frontage Opportunity

      Excellent frontage, visibility, and access in high-growth New Caney.
      17505 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • $20 SF/Yr
      2,100 SF

      Retail Space on FM 1485

      Retail space with high visibility and pylon signage available.
      20875 Fm 1485 Rd, New Caney, TX 77357
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    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      20851 Fm 1485 Rd, New Caney, TX 77357
      View Details
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    New Caney, TX 77357-6676
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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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