Property profile

5766 Gulf Fwy La Marque, TX 77568

OFF-MARKET
Commercial land
Property ID
US82-Q067719
67 SF
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Property summary

AI-generated overview

FANTASTIC Development tract offered at $8.00 a foot on the Southbound side of I-45 with a traffic count of approx. 130k VOD AND FM 2004 with a traffic count of approx. 25,200 VOD. This 67.9 acre property has major frontage along both I-45 and FM 2004 with 3273' of frontage along SB I-45 and 2416' of frontage along FM-2004 per available Survey. All Utilities are at the property and a possible TIRZ depending on the development. Property is just across FM 2004 from the old Greyhound Race Track, which has been purchased and being redeveloped for a major concert venue, complete with out parcels being developed for national brand restaurants and retail. The property is also right next to a major retail corridor on FM 1764, with more retail currently being developed. This property is a stone's throw away from the New Lago Mar subdivision, Lago Mar Lagoon, Wal-Mart, Sams, Amazon Distribution Center, restaurants, banks, stores, Emmett Lowery Expressway, Mainland College, Mainland City Centre, Worlds Gym, etc. This is the perfect tract for an anchor with numerous pad sites or a Towne Center, complete with multi faceted residential/office/retail, restaurants, hotels, grocery store, cinema, La Marque City Hall/EDC/Chamber of Commerce/Courthouse(?), you name it; endless possibilities exist at this location! Heading South on I-45 take the FM-2004 exit and go thru the light and the property is at the corner of I-45 feeder and FM-2004. I-45 entrance in front of the property. Please contact your agent to schedule a viewing. Cooperating Broker must be present from first showing on to participate in commission.

Property profile

Verified
Property type Commercial land
Total area 67 SF
UPID US82-Q067719

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5766 Gulf Fwy La Marque, TX 77568
La Marque metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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