Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Land Ready for Development Title is generated by Realmo AI

    Highway 3 and Hughes Road, Dickinson, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    12+/- acres of cleared land at Highway 3 & Hughes.

    Type:LAND
    Lot size:
    11.91 Acres
    Added:
    Jul 28, 2024
    Days on Market:
    677
    Last Refresh:
    May 20 at 8:59 pm

    Property Features for Highway 3 and Hughes Road

    General Information

    Standard status
    Active
    Lot size
    11.91 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Mark Coyle
    Mark Coyle

    Listing agent Mark Coyle License #711361

    Listing office RE/MAX Leading Edge

    Listing date Jul 28, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Leading Edge

    HighLights

    • Over 1000' of Frontage on HWY 3
    • 12 +/- ACRES at the Corner of HWY 3 & Hughes Road
    • Cleared land ready for development
    • Located near Dickinson High School
    • Suitable for residential, retail, or commercial development
    • Located within 5 Miles of Amazon delivery centers

    Overview

    This property features approximately 12 acres of cleared land situated at the corner of Highway 3 and Hughes Road. It offers over 1000 feet of frontage on Highway 3, 200 feet of frontage on Hughes Road, and approximately 600 feet of frontage on Benoist Drive. The land is ready for development and includes three existing access culverts. The property is suitable for a subdivision, potentially in combination with retail, and is located near Dickinson High School. Its location is also advantageous for a warehouse and distribution center, being within 5 miles of Amazon delivery centers on Highway 45 and Highway 96 in Dickinson. With access to Highway 45 and frontage on Highway 3, the property presents various residential, business, commercial, and development opportunities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dickinson
    County
    Galveston
    State
    Texas
    Longitude
    -95.0513
    Latitude
    29.4608

    Nearby Similar for Sale

    • $625,000
      6,700 SF

      Flex Space with Storage Yard

      Flex space featuring office, warehouse, and storage, plus yard.
      5252 FM 517 Road East, Dickinson, TX 77539
      View Details
    • $385,000

      Bayshore Drive Commercial Land

      Under one acre commercial land with high-traffic frontage.
      2222 East Bayshore Drive, Dickinson, TX 77539
      View Details
    • $2,600,000
      38,894 SF

      Dickinson Commercial Asset with Redevelopment

      Income-producing commercial building with redevelopment potential in Dickinson, Texas.
      2401 TERMINI ST, DICKINSON, TX 77539
      View Details
    • $250,000

      Dickinson, Texas Vacant Corner Lot

      0.8232-acre corner lot suitable for commercial or residential development.
      2905 FM 646 E, Dickinson, TX 77539
      View Details
    • $1,900,000

      Dickinson Bayou Mixed-Use Development Site

      23.44-acre mixed-use site with bayou frontage in Dickinson, Texas.
      4300 Whispering Dr, Dickinson, TX 77539
      View Details
    • $3,038,310

      Dickinson Land with Gulf Freeway Frontage

      2.79-acre tract with agricultural/commercial zoning and high visibility.
      13330 Holland Rd, Dickinson, TX 77539
      View Details
    • $1,200,000
      5 SF

      Commercial Land Near Grocery Store

      4.92 acres with potential for commercial rezoning near Dickinson High School.
      FM 517, Dickinson, TX
      View Details
    • $554,999
      2,202 SF

      Bayou-Front Hospitality Asset For Sale

      Waterfront home with short-term rental income and expansion potential.
      303 Old Bayou Drive, Dickinson, Texas, 77539, Dickinson, TX 77539
      View Details
    • $650,000

      Dickinson Land on FM 517

      2.637-acre tract on FM 517 in Dickinson, TX.
      417 FM 517 Rd E, Dickinson, TX
      View Details
    • $1,150,000

      Dickinson Bayou Waterfront Land

      7.792 acres with 460' waterfront, ideal for retreat.
      4700 Starboard Lane, Dickinson, TX 77539
      View Details
    • $263,999
      1,262 SF

      Income-Producing Duplex Investment Opportunity

      Duplex with income potential, offering upside and flexible use.
      2616 46th St, Dickinson, TX 77539
      View Details
    • $1,480,000

      Land on FM 517

      Land with road frontage near established and upcoming neighborhoods.
      0000 Fm 517, Dickinson, TX 77539
      View Details

    FAQs

    What type of property is this?
    Land - 12+/- acres of cleared land at Highway 3 & Hughes.
    Where is this land located?
    The property is located at Highway 3 and Hughes Road Dickinson, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Over 1000' of Frontage on HWY 3; 12 +/- ACRES at the Corner of HWY 3 & Hughes Road; Cleared land ready for development
    (713) 927-1890 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Coyle
    Mark Coyle
    Real Estate License ID: 711361
    Learn More
    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.
    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

    Thank You for Inquiry
    Highway 3 and Hughes Road, Dickinson, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!