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For sale
Farms
TX
Damon
77430
23111 Fm 1462 Rd

Unrestricted Land with Office Building

23111 Fm 1462 Rd, Damon, TX 77430

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For Sale

$2,650,000

65-acre unrestricted site with commercial building near future Grand Parkway.

Type:Farm and Ranch Properties

Property size:

9,562 SF

Lot size:

65.47 Acres

Price / SF:

$277/SF

HighLights

65+/- acre UNRESTRICTED site, ideal for homesite or residential/commercial development.
Includes a 9,562 SF commercial office building and barndominium.
Prime location: 5.5+/- miles south of proposed Grand Parkway/Hwy 99 and near Austin Point subdivision.
Over 2,000 trees present, offering potential for sale.
AG EXEMPT status for lower property taxes.
Two large ground water‑filled ponds with fountains and a 4" water well.

We can help!

Contact an agent

Lyle Muegge

For Sale

$2,650,000

65-acre unrestricted site with commercial building near future Grand Parkway.

Type:Farm and Ranch Properties

Property size:

9,562 SF

Lot size:

65.47 Acres

Price / SF:

$277/SF

Added:: Mar 11, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 10:44 am

Property Features for 23111 Fm 1462 Rd

General Information

Standard status: Active
Size: 9,562 SF
Lot size: 65.47 Acres
Property subtype: Farm and Ranch Properties

We can help!

Contact an agent

Lyle Muegge

Listing office Keller Williams Realty Southwest

Listing date Mar 11, 2026

Source Elliman

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 Keller Williams Realty Southwest

HighLights

65+/- acre UNRESTRICTED site, ideal for homesite or residential/commercial development.
Includes a 9,562 SF commercial office building and barndominium.
Prime location: 5.5+/- miles south of proposed Grand Parkway/Hwy 99 and near Austin Point subdivision.
Over 2,000 trees present, offering potential for sale.
AG EXEMPT status for lower property taxes.
Two large ground water‑filled ponds with fountains and a 4" water well.

Overview

This unrestricted property features a 9,562 square foot commercial office building, a barndominium, and over 2,000 trees. The 65+/- acre site is located on FM 1462 in Fort Bend County and is zoned to Needville ISD. The tract is approximately 5.5 miles south of the proposed Grand Parkway/Hwy 99 and 7.5 miles from the Austin Point subdivision. It is also located approximately 300 feet from the intersection of FM 762 and FM 1462, which connects Hwy 36 and Hwy 288. The property includes over 2,000 trees that could be sold, two large groundwater-filled ponds with fountains, and a 4" water well with a 500-gallon tank. The rear 25+/- acres are fully fenced. The property is AG EXEMPT and, according to FEMA flood maps, is completely out of the flood hazard area except for approximately 1 acre in the southwest corner, which is in the 500-year flood zone. The property is suitable for a homesite or residential/commercial development.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$283.4k	$29.64
− Vacancy	−$70.6k	−$7.38
EGI	$212.8k	$22.26
− OpEx	−$53.2k	−$5.56
NOI	$159.6k	$16.69

9,562 SF · lease $29.64/SF/yr · vacancy 24.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.28M

$2.00M – $2.66M (±1% cap)

NOI $159,635 @ 7.0% cap · market cap 6.02%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$119.12M

$104.23M – $138.97M (±1% cap)

NOI $8,338,340 @ 7.0% cap · market cap 314.65%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Advanced Geodetic Surveys, ... (Bike/Boat/Book/etc) Store Dry Rock Products Business To Business Service Advanced UAV Solutions Photography Service

Suggested Use

Location Insight

Map
Local Demand

City: Damon
County: Brazoria
State: Texas
Longitude: -95.6709
Latitude: 29.3516

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For sale
Farms
TX
Damon
77430
23111 Fm 1462 Rd

What type of property is this?

Farm - 65-acre unrestricted site with commercial building near future Grand Parkway.

Where is this farm located?

The property is located at 23111 Fm 1462 Rd Damon, TX.

What is the asking price?

The asking price for this property is $2,650,000.

What are key features of this property?

This property features: 65+/- acre UNRESTRICTED site, ideal for homesite or residential/commercial development.; Includes a 9,562 SF commercial office building and barndominium.; Prime location: 5.5+/- miles south of proposed Grand Parkway/Hwy 99 and near Austin Point subdivision.