Unrestricted Land with Office
23111 FM 1462, Damon, TX 77430
65-acre unrestricted site with commercial building near Grand Parkway.
Type:Mixed Use
Property size:
9,562 SFLot size:
65.00 AcresPrice / SF:
$295/SF- Added:
- May 9, 2025
- Days on Market:
- 417
- Last Refresh:
- Mar 17 at 1:18 pm
Property Features for 23111 FM 1462
General Information
- Standard status
- Active
- Size
- 9,562 SF
- Lot size
- 65.00 Acres
- Property subtype
- Mixed Use
Listing office Keller Williams Southwest
Listing date May 9, 2025
Source Crexi
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 Southwest
HighLights
- Prime 65+/- acre UNRESTRICTED site ideal for homesite or residential/commercial development.
- Includes a 9,562 SF commercial office building and barndominium.
- Strategic location: just 5.5+/- miles south of the proposed Grand Parkway/Hwy 99.
- Over 2,000 trees present, potentially for sale.
- AG EXEMPT status and mostly out of the flood hazard area.
- Features 2 large ground water‑filled ponds with fountains and a 4" water well.
Overview
This property features a 65+/- acre unrestricted site improved with a 9,562 square foot commercial office building, a barndominium, and over 2,000 trees. Located on FM 1462 in Fort Bend County, the property 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 situated about 300 feet from the intersection of FM 762 and FM 1462, which connects Hwy 36 and Hwy 288. The land includes over 2,000 trees, two large groundwater-filled ponds with fountains, and a 4-inch water well with a 500-gallon tank. The rear 25+/- acres are fully fenced. The property has an AG EXEMPT status and, according to FEMA flood maps, is primarily outside the flood hazard area, with approximately 1+/- acres in the southwest corner located in the 500-year flood zone. This property is suitable for a homesite or residential/commercial development.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $159,635 @ 7.0% cap · market cap 5.65%
Second Best
Mixed Use
$1.13M
$986.1K – $1.31M
NOI $78,887 @ 7.0% cap · market cap 2.79%
Theoretical Best
Multifamily LT 5
$119.12M
$104.23M – $138.97M
NOI $8,338,340 @ 7.0% cap · market cap 295.16%
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
Location Insight
- Map
- Local Demand
- City
- Damon
- County
- Brazoria
- State
- Texas
- Longitude
- -95.6709
- Latitude
- 29.3516
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 65-acre unrestricted site with commercial building near Grand Parkway.
Where is this mixed-use property located?
The property is located at 23111 FM 1462 Damon, TX.
What is the asking price?
The asking price for this property is $2,825,000.
What are key features of this property?
This property features: Prime 65+/- acre UNRESTRICTED site ideal for homesite or residential/commercial development.; Includes a 9,562 SF commercial office building and barndominium.; Strategic location: just 5.5+/- miles south of the proposed Grand Parkway/Hwy 99.
