24779 Fm 1485th Rd New Caney, TX 77357-7642
This exceptional 7-acre commercial land parcel, located at 24779 FM 1485 in New Caney, Texas (Montgomery County, zip code 77357), presents a compelling investment opportunity. The property, identified by APN 0509-01-00304, is currently generating income from a mobile home park with 20 units spread across this lot and an adjacent 2.45-acre lot. This provides immediate cash flow while allowing for future development plans. The land offers excellent accessibility, with immediate access to Highway 99 and I-69, ensuring convenient transportation. Public utilities are available. The property's strategic location within the rapidly growing New Caney area, near numerous residential developments, makes it highly attractive for developers seeking to capitalize on the region's expanding population and robust economy. Montgomery County, boasting a population exceeding 600,000 in 2023, is experiencing significant growth, fueled by diverse sectors including healthcare, education, manufacturing, and retail. Major employers such as Memorial Hermann, Conroe Independent School District, and H-E-B contribute to the area's economic strength. The area also benefits from highly-regarded school districts (including Conroe ISD), educational institutions (Lone Star College and Sam Houston State University's Woodlands Center), and ample healthcare resources. Recreational opportunities abound, with proximity to Sam Houston National Forest and Lake Conroe. The asking price for this income-producing property is $1,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
5 · New Caney, TXNew Caney. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.