Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    24914 Needham Rd Porter, TX 77365

    • Mobile home & RV parks
    • 2.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2200006
    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

    • Mobile home & RV parks

    Property Details for 24914 Needham Rd

    Lot size
    2.02 lot acres
    Property type
    Mobile home & RV parks

    Description

    Exceptional investment opportunity in rapidly developing Porter, Texas! This 2.02-acre unrestricted property boasts 221 feet of road frontage and a depth of 395 feet, offering unparalleled visibility. Conveniently located near major highways including I-59/I-69, Grand Parkway, and Beltway 8, with easy access to George Bush Intercontinental Airport (IAH) just 18 minutes away. The property includes two existing homes providing approximately 3000 square feet of living space, and a detached garage, presenting options for immediate income generation or owner-occupancy. The unrestricted zoning allows for diverse commercial and industrial uses, including warehouse, automotive shop, or mobile home park development. This property is situated outside the floodplain, adding to its desirability. Buy-and-hold potential is significant, given the prime location and multiple development possibilities. The asking price has been reduced, making this an even more compelling investment. Don't miss this chance to acquire a versatile property in a thriving Texas market.

    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
    -95.213551168376
    Latitude
    30.084940044553

    Comparable in this City

    • 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
    • $175,000

      Land with Investment Opportunities

      Land suitable for mobile homes, single-family homes, or resale.
      25006 Virginia Ln, Porter, TX 77365
      View Details
    • $325,000

      Multifamily Property with Mobile Homes

      Multifamily property featuring five mobile homes on 0.5971 acres.
      25303 Colette Ln, Porter, TX 77365
      View Details
    • Contact for pricing
      1.18 Acres

      High-Yield Porter RV Park Investment

      Texas RV Park - 8% Cap Rate, 26 Units
      22835 Ford 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
    • $250,000
      17.27 Acres

      17.27 Acres Porter, TX Land

      Unrestricted commercial/industrial land near major highways.
      0 2Nd St, Porter, TX 77365
      View Details

    Similar Nearby for Sale

    • 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
    • $175,000

      Land with Investment Opportunities

      Land suitable for mobile homes, single-family homes, or resale.
      25006 Virginia Ln, Porter, TX 77365
      View Details
    • $325,000

      Multifamily Property with Mobile Homes

      Multifamily property featuring five mobile homes on 0.5971 acres.
      25303 Colette Ln, Porter, TX 77365
      View Details
    • Contact for pricing
      1.18 Acres

      High-Yield Porter RV Park Investment

      Texas RV Park - 8% Cap Rate, 26 Units
      22835 Ford 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
    • $250,000
      17.27 Acres

      17.27 Acres Porter, TX Land

      Unrestricted commercial/industrial land near major highways.
      0 2Nd St, Porter, TX 77365
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • $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
    • $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
    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.
    24914 Needham 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.