Self Rd

Tomball, TX 77377

Tomball, TX 77377

Created:

Property Photos

87-Acre 700 Unit Senior Living / Residential Development Opportunity – Tomball, TX

Asking Price$ 26,500,000

Buyer Commission4 – 5%

Property TypeVacant Land

Lot Size Ac / Sq Ft87.33 / 3,804,181

ConditionDevelopment (ground-up)

OccupancyVacant

Projected # of Units700

Projected # of Stories2

Projected Building Size (Sq Ft)1,400,000,000

UrgencyMust Sell (30 days or less)

Construction Budget$ 140,000,000

Projected NOI$ 12,000,000

Estimated Resale Price$ 200,000,000

Pro Forma Cap Rate6.00%

Tony Y.

Property Owner

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