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24255 Us Hwy 59
About This Property
This 4.6-acre cleared and level parcel offers exceptional visibility along Highway 59 North in Porter, TX, featuring approximately 343 feet of highway frontage plus additional access from Loop 494 on the northeast corner.
The property includes a fully constructed detention pond and approved construction drawings and permits from the city, making it ready for immediate development.
Strategically located just 2.5 miles north of Kingwood and 2.5 miles south of the Grand Parkway (Highway 99), this site provides excellent accessibility and strong commercial exposure.
Ideal for commercial, residential, or mixed-use projects, including retail centers, hotels, office spaces, or pad sites.
Surrounded by major national retailers-Walmart, Home Depot, and Lowe's-the area benefits from robust consumer traffic and steady growth.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2026 | Price Decreased |
$2,300,000
↓ $600K
(20.7%) | |
| Price Decreased | |||
| Apr 15, 2026 | Price Increased |
$2,900,000
↑ $705K
(32.1%) | |
| Price Increased | |||
| Jan 3, 2026 | Price Decreased |
$2,195,000
↓ $200K
(8.4%) | |
| Price Decreased | |||
| Oct 15, 2025 | Listed by K & T Realty Group, Inc | $2,395,000 | |
| Listed by K & T Realty Group, Inc | |||
| Nov 1, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017