Corner Commercial
For Sale
Contact for pricing
2901 FM 646 Road, League City, TX 77573
Corner parcel with a recently remodeled house/office structure and access to several major regional routes.
Property Size1,456 SF
Price / SF$240.38
Days on Market146
Property Features for 2901 FM 646 Road
General Information
Standard status
Active
Size
1,456 SF
Class
B
Property subtype
Retail, Office, Land
Investment Type
Owner/User
Building Details
Year Built
1981
Year Renovated
2025
Buildings
1
Listing Agency:
Independence Real Estate, Inc.
Listed By:
Ernesto Ramirez · License #TX 719511
(281) 335-0335
Source:
Crexi
Added: May 24
Changed: Oct 3
Last Checked: Oct 16 at 8:48AM
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 Independence Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land offering includes a corner parcel at FM 646 Road and Arizona Avenue, together with a recently remodeled house/office structure. The property is positioned for commercial development and includes 35,884 SF remaining after TxDOT acquired 3,116 SF along the FM 646 frontage for a planned roadway widening project tied to the future Grand Parkway.
Access is provided from FM 646, with proximity to I-45 South, State Highway 3, and State Highway 146. The site is located in League City, near Dickinson, and sits along corridors identified in the source information as heavily traveled. The existing structure was built in 1981 and recently remodeled.
Access is provided from FM 646, with proximity to I-45 South, State Highway 3, and State Highway 146. The site is located in League City, near Dickinson, and sits along corridors identified in the source information as heavily traveled. The existing structure was built in 1981 and recently remodeled.
Key Highlights
- 35,884 SF remaining commercial parcel
- 3,116 SF acquired by TxDOT along FM 646 frontage
- Corner location at FM 646 Road and Arizona Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,364
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,280
$487.3K
Cap Rate 7%
$348,057
$348.1K
Cap Rate 9%
$270,711
$270.7K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$44.4K $30.48/SF
− Vacancy
−$11.9K −$8.17/SF
EGI
$32.5K $22.31/SF
− OpEx
−$8.1K −$5.58/SF
NOI
$24.4K $16.73/SF
Area
League City, TX
Vacancy
26.80%
Lease Rate
$30.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,280
Cap Rate 7%
$348,057
Cap Rate 9%
$270,711
Alternative Uses
Best Use
Office B
$348.1K
$304.6K – $406.1K
NOI $24,364 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.9K
$387.5K – $516.7K
NOI $31,002 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
Explore this area
Business Placement
Demographics for 77573, TX
95,256
Population
37,188
Households
2.6
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
29.8 sq mi
ZIP Area
3,197
Density / Sq Mi
$122,783
Median Household Income
$67,441
Median Earnings
$1,647
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Corner parcel with a recently remodeled house/office structure and access to several major regional routes.
Where is this commercial land located?
The property is located at 2901 FM 646 Road League City, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 35,884 SF remaining commercial parcel; 3,116 SF acquired by TxDOT along FM 646 frontage; Corner location at FM 646 Road and Arizona Avenue
