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

    3400 Cherry Ave Texas City, TX 77590

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $420,000

    Four acres of land available in Texas City, Texas.

    Type:Land or Vacant Lot
    Lot size:
    4.00 Acres
    Added:
    Oct 15, 2024
    Days on Market:
    553
    Last Refresh:
    Apr 5 at 9:59 pm

    Property Features for 3400 Cherry Ave

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MICHELLE HAITHCOAT

    Listing agent MICHELLE HAITHCOAT License #0827659

    Listing office EXP REALTY, LLC

    Listing date Oct 15, 2024

    Source Corcoran

    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 EXP REALTY, LLC

    Overview

    Texas City Land Opportunity

    This property features four acres of land situated in Texas City, Texas. The site offers potential for various uses.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Texas City
    County
    Galveston
    State
    Texas
    Longitude
    -94.948
    Latitude
    29.4017

    Nearby Similar for Sale

    • $290,000
      2,604 SF

      Four-Unit Property in Texas, TX

      Four-unit property with investment potential in Texas, TX.
      206 Robertson Street, Texas, TX 77591
      View Details
    • $13,500

      Residential Lots in Growing Area

      Two adjacent residential lots perfect for investment in Texas City.
      TBD 34th Street N, Lots 15 & 16, Texas City, TX 77590
      View Details
    • $825,000
      10,500 SF

      Leased Strip Center For Sale

      100% leased strip center available for purchase.
      1438 Texas Ave, Texas City, TX 77590
      View Details
    • $188,600

      Freestanding Flex Building in Texas

      Flex building in the heart of Texas City.
      714 7th Avenue North, Texas City, TX 77590
      View Details
    • $1,969,000
      510 SF

      New Dual Drive-Thru 7 Brew

      New 15-year NNN lease 7 Brew Coffee investment property.
      3231 Palmer Hwy, Texas City, TX 77590
      View Details
    • $469,000

      Texas City Commercial/Residential Lot

      3.75 acre commercial/residential lot in Texas City.
      0 34TH ST N Street, Texas City, TX 77590
      View Details
    • $550,000
      2,956 SF

      Texas City Office Condo For Sale

      2,956 SF office condo in Texas City, TX.
      1501 North Amburn Road, Texas City, TX 77591
      View Details
    • $110,000

      Texas City Retail Opportunity

      Retail space in revitalized corridor, near attractions.
      602 6th Street North, Texas City, TX 77590
      View Details
    • $236,966

      Highway Frontage Land For Sale

      Commercial land with highway frontage in a growing residential area.
      3205-A Highway 3, Texas City, TX 77539
      View Details
    • $575,000
      1 SF

      Texas City Land For Sale

      1.004 acres with frontage road access in Texas City.
      2330 Gulf Freeway, Texas City, TX 77591
      View Details
    • $250,000

      Texas City Automotive Repair Shop

      Automotive repair shop in Texas City, built in 2019.
      3102 1st Avenue South, Texas City, TX 77590
      View Details
    • $385,000

      6.58 Acre Commercial Land

      Commercial land available on Emmett F Lowry Expressway.
      5130 Emmett F Lowry Expressway, Texas City, TX 77591
      View Details

    FAQs

    What type of property is this?
    Land - Four acres of land available in Texas City, Texas.
    Where is this land located?
    The property is located at 3400 Cherry Ave Texas City, TX.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: 4 acres of land; Potential for development; Located in Texas City
    (281) 337-4557
    We can help!
    Listing Contact
    MICHELLE HAITHCOAT
    Real Estate License ID: 0827659
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!