Alvin Mixed-Use Redevelopment
For Sale
$699,900
831 Fm 2917 Rd, Alvin, TX 77511
4-acre corner lot near Grand Parkway with income potential.
Property Size12,000 SF
Lot Size4.00 Acres
Price / SF$58.33
Days on Market218
Property Features for 831 Fm 2917 Rd
General Information
Standard status
Active
Size
12,000 SF
Lot size
4.00 Acres
Taxes and HOA fees
Annual Taxes
$30,295
Listing Agency:
Clark Realty
Listed By:
Will Clark · License #0259190
(979) 849-1000
Source:
Exprealty
Added: Mar 4
Changed: Sep 9
Last Checked: Oct 7 at 12:35PM
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 Clark Realty
Investment Insights
Based on property information with market context.
This 4-acre hard corner property, located less than one mile from the future alignment of Grand Parkway 99 near Alvin, features multiple buildings and offers both immediate income potential and long-term redevelopment opportunities. Situated on FM 2917 in southern Brazoria County, the property currently functions as a multi-building commercial campus. The improvements total approximately 11,900 square feet across multiple commercial structures with three-phase electrical service. A separate approximately 2,000 square foot residential structure, featuring a 3-bedroom, 2-bathroom layout with an additional private suite, provides immediate rental income and live/work flexibility. There is also potential for two additional on-site apartment units. Approximately 1.5 acres of open land allows for expansion or site reconfiguration. The property is suitable for a contractor or trade headquarters, church or ministry campus, private school or training center, professional or medical conversion, or multi-family compound or phased redevelopment. This property has two addresses, 831 FM 2917 and 7010 Meadowlark Lane, Alvin, TX 77511, but it has only one tax ID.
Key Highlights
- Located less than one mile from the future Grand Parkway 99 alignment, offering significant future growth potential.
- 4‑acre hard corner property with multiple buildings and utilities in place.**
- ±11,900 SF of commercial structures with three‑phase power.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,795
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,900
$1.2M
Cap Rate 7%
$882,786
$882.8K
Cap Rate 9%
$686,611
$686.6K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$96.5K $8.04/SF
− Vacancy
−$8.2K −$0.68/SF
EGI
$88.3K $7.36/SF
− OpEx
−$26.5K −$2.21/SF
NOI
$61.8K $5.15/SF
Area
Brazoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,900
Cap Rate 7%
$882,786
Cap Rate 9%
$686,611
Alternative Uses
Best Use
Apartment 5plus
$137.28M
$120.12M – $160.15M
NOI $9,609,257 @ 7.0% cap · market cap 1,372.95%
Second Best
Office B
$2.86M
$2.50M – $3.34M
NOI $200,337 @ 7.0% cap · market cap 28.62%
Theoretical Best
Multifamily LT 5
$149.49M
$130.80M – $174.41M
NOI $10,464,347 @ 7.0% cap · market cap 1,495.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 77511, TX
51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 4-acre corner lot near Grand Parkway with income potential.
Where is this mixed-use property located?
The property is located at 831 Fm 2917 Rd Alvin, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Located less than one mile from the future Grand Parkway 99 alignment, offering significant future growth potential.; 4‑acre hard corner property with multiple buildings and utilities in place.**; ±11,900 SF of commercial structures with three‑phase power.**
