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

    27965 Fm 1485 Rd New Caney, TX 77357

    • Commercial land
    For Sale
    View listing
    $1,498,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2213360
    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

    • Commercial land

    Property Details for 27965 Fm 1485 Rd

    Property type
    Commercial land

    Description

    Exceptional 2.38-acre commercial tract with approx. 521 ft of frontage on FM 1485 and Monday Hargrove Rd. Located in fast-growing East Montgomery County with easy access to I-69, Loop 494, and the Grand Parkway. Site offers high visibility and traffic counts, ideal for residential, retail, office, light industrial, or mixed-use development. Located just minutes from Grand Texas Theme Park, Valley Ranch Town Center, and major residential growth. Excellent investment or owner-user opportunity in a booming corridor.

    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
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.132706
    Latitude
    30.147465

    Comparable in this City

    • $6,978,725

      New Caney Highway 59 Land

      12.99 acres with highway frontage and income potential.
      18118 Hwy, New Caney, TX 77357
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    • $48,900

      Land Near Grand Parkway 99

      Land located minutes from Grand Parkway 99 and 59N.
      25929 Essex, New Caney, TX 77357
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    • $1,430,000

      8-Acre Property Near FM 1485

      8-acre property ideal for townhomes, multi-family, or office.
      17363 Fm 1485 Rd, New Caney, TX 77357
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    • $1,195,000

      Highway 242 Commercial Land

      1.3 acre commercial land with frontage on Highway 242.
      242 Hwy, New Caney, TX 77357
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    • $1,800,000

      Land on Heavily Traveled FM

      3.0+/- acre land ideal for townhomes, multi-family, or office.
      20131 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • Contact for pricing

      Land Parcels on FM 1485

      Land for sale with frontage on FM 1485.
      Fm 1485 Rd, New Caney, TX 77357
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Unrestricted Land in Growing Corridor

      10.1 acres suitable for residential, multi-family, or commercial development.
      21834 Baptist Encampment Rd, New Caney, TX 77357
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    • $2,190,000

      Unrestricted Land on FM 1485

      15.815-acre wooded land with frontage on high-traffic FM 1485.
      27484 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • $2,495,800

      High-Traffic Frontage Land Opportunity

      Land with frontage on high-traffic Hwy 242 in Opportunity Zone.
      23019 Hwy, New Caney, TX 77357
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    • $179,900

      Unrestricted Land at FM 1485

      0.4000 acres of unrestricted land with high visibility.
      000 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • $110,000

      Commercial Lot with Development Potential

      Corner lot with potential for multi-unit or single-unit development.
      2706 Appian Way, Roman Forest, TX 77357
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    • Contact for pricing

      FM 1485 Frontage Land

      Commercial land with frontage on FM 1485 in New Caney, TX.
      20131 Fm 1485 Rd, New Caney, TX 77357
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available on FM 1485

      1.474 acres for ground lease or build-to-suit opportunity.
      18546 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • $10,000 /Mo

      High Visibility Land on Loop

      Land with versatile use potential on busy Loop 494.
      21398 Loop 494, New Caney, TX 77357
      View Details
    • Contact for pricing
      1 SF

      Speed Street Pad Site: Prime Location

      1.3-Acre Commercial Land, New Caney, TX
      23050 Speed St, New Caney, TX 77357
      View Details
    • Contact for pricing

      25-Acre Commercial Land, New Caney

      Unrestricted land, ideal for development.
      150 Plum Grv Rd, Roman Forest, TX 77357
      View Details
    • $15 SF/Yr
      1,100 SF

      Retail Space in New Caney

      Retail, office, or restaurant space in a prime location.
      22480-22580 Community Dr, New Caney, TX 77357
      View Details
    • Contact for pricing
      8,050 SF

      Caney Crossing Retail Spaces

      New Caney, TX Retail Opportunity
      20172 Us Highway 59, New Caney, TX 77357
      View Details
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    New Caney, TX 77357
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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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