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    24055 Sorters Rd Porter, TX 77365

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    24055 Sorters Rd Porter, TX 77365

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    Land Tracts in High-Growth Area For Sale
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    Land Tracts in High-Growth Area

    Land for sale in a rapidly developing area of Montgomery County.

    24055 Sorters Rd, Porter, TX 77365
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    Property ID
    US83-2205370
    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

    • Land

    Property Details for 24055 Sorters Rd

    Property type
    Land

    Description

    Multiple Tracts of land separated by MC drainage easement (See Assemblage Page - Additional Land For Sale) Adjacent to Oakhurst of Kingwood Subdivision High Growth area E Montgomery County In Proximity to Major Medical & Retail Centers Easy Access FM 1314 Hwy 59 Hwy 99 & Valley Ranch Town Center within 10 Min Houston & IAH Bush Airport – 17 Mins (12.3 miles) Downtown Houston – 29 mins (26 miles)

    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
    Porter
    County
    Montgomery
    State
    Texas
    Longitude
    -95.274409
    Latitude
    30.097462

    Comparable in this City

    • $6,150,000

      East Montgomery County 110-Acre Property

      110-acre property in booming residential development corridor.
      18993 Ferne Dr, Porter, TX 77365
      View Details
    • $3,200,000

      Ford Road Development Opportunity

      7.63-acre site ideal for commercial, retail, or residential development.
      22455 Ford Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      17.59 Acre Income-Producing Land

      17.59 acre site with income-producing rentals in Porter, TX.
      24032 Ford Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Corner Lot with Residential Structure

      Commercial land with a 3-bedroom home near major highways.
      24098 Sorters Rd, Porter, TX 77365
      View Details
    • $219,000

      Corner Lot Ready for Development

      0.67-acre corner lot suitable for industrial or residential use.
      20829 Baldwin Ln, 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
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      Land For Sale

      Land available for sale.
      24139 Mckinzie Ridge Dr, Porter, TX 77365
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    • Contact for pricing

      Land Available in Porter, TX

      Land for sale at 24003 Highway 59, Porter, TX.
      24003 Highway 59, Porter, TX 77365
      View Details
    • $224,990

      Land Available on Sorters Road

      Land on Sorters Rd, Montgomery County, near FM1314.
      24860 Sorters Rd, Porter, TX 77365
      View Details
    • $6,150,000

      East Montgomery County 110-Acre Property

      110-acre property in booming residential development corridor.
      18993 Ferne Dr, Porter, TX 77365
      View Details
    • $219,000

      Corner Lot Ready for Development

      0.67-acre corner lot suitable for industrial or residential use.
      20829 Baldwin Ln, Porter, TX 77365
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      21966 FM1314, Porter, TX 77365

      Warehouses
      21966 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Commercial Property on FM1314

      Commercial land available for sale on FM1314 in Porter, TX.
      22065 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Office Warehouse Property on Kelly Rd

      Office and warehouse space with lay down yard potential.
      25203 Kelly Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Flex Warehouse Condos For Rent

      Flex warehouse condos available, ranging from 1,987 to 11,925 SF.
      22002 E Knox Dr, Porter, TX 77365
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,100 to 7,920 SqFt.
      22475 Community Dr, New Caney, 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
    View Listing
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    24055 Sorters Rd
    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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    24055 Sorters Rd, Porter, TX, 77365

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