Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highway 6 Manvel, TX 77578

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,300,000

    Corner property with highway frontage and development potential.

    Lot size:
    8.63 Acres

    Property Features for Highway 6

    General Information

    Property type
    Land
    Standard status
    Active
    Lot size
    8.63 Acres

    We can help!

    Listing Contact
    Lucy Ware
    Lucy Ware
    Source: Elliman

    Listing Agency: BIRDSONG REAL ESTATE Listing Agent: Lucy Ware

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

    Learn more

    Property Insight Report

    Overview

    Commercial Land with Highway Frontage

    This corner property, zoned light commercial, features highway frontage at the intersection of Highway 6 and Cemetery Road. The 8.63-acre site offers ample business opportunity for development. Situated in downtown Manvel, the location provides convenient access to Highway 288 and Highway 35-Alvin. It is also located minutes from Pearland and the new Manvel Town Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Manvel
    County
    Brazoria
    State
    Texas
    Longitude
    -95.423519
    Latitude
    29.490093

    Nearby Similar for Sale

    • $650,000

      7.5 Acre Manvel Farm Property

      7.5 acres with barn, mobile home, and agricultural exemption.
      6701 Dogwood St, Manvel, TX 77578
      View Details
    • $230,000

      New Hangar Space in Houston

      Newly constructed hangar space near Houston with convenient taxiway access.
      8814 Taxiway 3, Manvel, TX 77578
      View Details
    • Contact for pricing
      6,800 SF

      Prime Corner Retail Location

      High-visibility retail space near Valencia community and Manvel City Center.
      18909 Highway 6, Manvel, TX 77578
      View Details
    • $1,499,999

      8 Acres Farm Land Opportunity

      8 acres of fenced land with agricultural exemption.
      3511 Old Massey Rnch Rd, Manvel, TX 77578
      View Details
    • Contact for pricing
      5,401 SF

      New Galvanized Framed Hangar Space

      Newly constructed hangar space near Houston with owner financing.
      8814 Taxiway 3, Manvel, TX
      View Details
    • $1,700,000
      4,748 SF

      Luxury Home with Workshop

      Custom home with workshop, garages, pool, and outdoor kitchen.
      19005 Morris Ave, Manvel, TX
      View Details
    • $900,000
      0.62 Acres

      Manvel, TX Rental Portfolio

      Fourplex, 100% Occupied, High ROI
      7903 Masters Rd, Manvel, TX 77578
      View Details
    • $1,490,000
      260,058 SF

      Manvel Commercial Multi-Tenant Property

      High-traffic Manvel, TX investment opportunity.
      2883 Croix Rd, Manvel, TX 77578
      View Details

    FAQs

    What type of property is this?
    Land - Corner property with highway frontage and development potential.
    Where is this land located?
    The property is located at Highway 6 Manvel, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Zoned Light Commercial with Highway 6 Frontage.; - **8.63 Acre Corner Property**; - Ample Business Opportunity for Development.
    (979) 292-9308
    Request Owner's contact information
    Highway 6 Manvel, TX 77578
    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.
    Highway 6
    Manvel, TX 77578
    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
    Highway 6 Manvel, TX 77578
    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

    We can help!
    Listing Contact
    Lucy Ware
    Lucy Ware
    (979) 292-9308 (979) 297-4200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!