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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24003 Highway 59 Porter, TX 77365

    • Turn key restaurants
    • 2,880 SF
    • 3.69 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2312050
    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

    • Turn key restaurants

    Property Details for 24003 Highway 59

    Year built
    2007
    Construction
    FRAME
    Lot size
    3.69 lot acres
    Property size
    2,880 SF
    Zone code
    5
    Property type
    Turn key restaurants
    APN
    0405-00-01800
    APU
    4050001800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $330,000
      Current use
      WAREHOUSE, STORAGE
      $360,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $325,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Porter
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2367
    Latitude
    30.0987
    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
    $26,478
    $1,206,833
    $445,669
    $1,652,502
    -
    $1,206,833
    $445,669
    $1,652,502

    Comparable in this City

    • Value Estimation
      $275,000
      1,776 SF

      22845 Loop 494

      RESTAURANT • 1,776 SF
      22845 Loop 494, Porter, TX 77365
      View Details
    • Value Estimation
      $235,000
      2,856 SF

      24040 Fm 1314th Rd

      RESTAURANT • 2,856 SF
      24040 Fm 1314th Rd, Porter, TX 77365-3716
      View Details
    • Value Estimation
      $410,000
      6,967 SF

      23517 Fm 1314th Rd

      RESTAURANT • 6,967 SF
      23517 Fm 1314th Rd, Porter, TX 77365-3724
      View Details
    • Value Estimation
      $270,000
      3,505 SF

      22153 Fm 1314th Rd

      RESTAURANT • 3,505 SF
      22153 Fm 1314th Rd, Porter, TX 77365-3704
      View Details
    • Value Estimation
      $315,000
      4,600 SF

      24660 Hwy 59

      RESTAURANT • 4,600 SF
      24660 Hwy 59, Porter, TX 77365-6147
      View Details
    • Value Estimation
      $370,000
      4,046 SF

      23681 Hwy 59

      RESTAURANT • 4,046 SF
      23681 Hwy 59, Porter, TX 77365
      View Details

    Similar Nearby for Sale

    • $1,290,000
      0.95 Acres

      St. Andrews Center: Retail Opportunity

      Prime Retail Space Available; High-Traffic Location
      23214 Sorters Rd, Porter, TX 77365
      View Details
    • $1,200,000
      5,400 SF

      Porter TX Warehouse - Owner/User Opportunity

      High-Visibility Warehouse, Auto Repair Business Included
      24862 Tx-494 Loop, Porter, TX 77365
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    • $1,500,000

      Income-Producing Commercial Property on FM 1314

      Commercial property with multiple income-producing structures in high-growth area.
      23328 Fm 1314 Rd, Porter, TX 77365
      View Details
    • $1,100,000

      Retail/Office Space on FM 1413

      High-traffic location ideal for retail, office, or QSR.
      23214 Sorters Rd, Porter, TX 77365
      View Details
    • $1,583,000
      5,130 SF

      Former Bank Property For Sale

      Highly visible commercial site with existing infrastructure in Porter, TX.
      22240 Farris Green Rd, Porter, TX 77365
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    • 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

    Similar Nearby for Lease

    • $20 SF/Yr
      13,000 SF

      Valley Ranch Office Building

      13,000 SF Office Space, Porter, TX
      23122 Valley Ranch Pkwy, 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
    • $1.60 SF/Yr
      9,400 SF

      New Construction Retail/Office Space

      New construction retail or office space available for lease.
      21972 Fm 1314 Rd, Porter, TX 77365
      View Details
    • $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
    • $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
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    24003 Highway 59
    Porter, TX 77365
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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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