22513 Community DrNew Caney, TX 77357

Property Details for 22513 Community Dr

Year built

1972

Lot size

0.48 AC

Property size (Sq ft)

7,200 SF

Zone code

5

Property type

Retail space

APN

7622-01-05100

APU

76220105100

Description

This exceptional investment opportunity presents a 7,200 square foot multi-tenant retail center situated on a 0.48-acre lot at 22513 Community Dr, New Caney, Texas, 77357. Currently 100% leased, the property boasts excellent visibility and accessibility due to its prime location on Hwy 99. The center benefits from convenient access to major thoroughfares including I-69 (Hwy 59), Hwy 99 (Grand Parkway), and Loop 494, ensuring high traffic volume and exposure. Utilities are provided by New Caney MUD. This property is strategically located near the Valley Ranch Town Center, further enhancing its appeal and potential for growth. The asking price is $1,190,388, translating to $165.33 per square foot. Adding to its investment allure, this property is located within an Opportunity Zone, offering potential tax advantages. The proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 15 miles away, provides additional value and accessibility. This is a rare opportunity to acquire a thriving retail center in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,909,517

  6.5%

  $2,685,708

  7%

  $2,493,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,427,034

  Geo Method

  $5,432,132

• Alternative Use

  Use

  Valuation

  Residential

  $2,265,495

  Hospitality

  $2,075,181

  Educational

  $1,726,526

  Medical

  $1,785,904

  Retail

  $2,685,708

Location Insight

City

New Caney

County

Montgomery

State

Texas

Latitude

30.129

Longitude

-95.2241

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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