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    501 Colonial Dr Friendswood, TX 77546

    For Sale
    $120,000

    Large corner lot in Heritage Estates, ideal for custom home.

    Property Features for 501 Colonial Dr

    General Information

    Standard status
    Active

    Source: EXP REALTY, LLC Agent ASHLEY DIEP

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

    Overview

    Spacious Corner Lot in Friendswood

    This corner lot for sale is located in Heritage Estates, offering a tranquil living environment. The lots in this area are larger and more spacious than average, providing ample room for custom homes that can include workshops and larger footprints. Homes in the area are consistently selling above $500,000. The location provides easy access to Friendswood ISD schools and is minutes from shopping, dining, and major highways. This property is located in one of Friendswood’s sought-after neighborhoods.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Friendswood
    County
    Galveston
    State
    Texas
    Longitude
    -95.196025
    Latitude
    29.535455

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    FAQs

    What type of property is this?
    Land - Large corner lot in Heritage Estates, ideal for custom home.
    Where is this land located?
    The property is located at 501 Colonial Dr Friendswood, TX.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Corner lot in Heritage Estates, offering tranquil living.; - Potential for custom home with workshop and larger footprint due to spacious lot size.; - Located in Friendswood ISD, a top-rated school district.
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    501 Colonial Dr Friendswood, TX 77546
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    Realmo Value Estimation

    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.

    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.

    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
    501 Colonial Dr Friendswood, TX 77546
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