Mixed-Use Development Tract with
851 County Road 149 Alvin, TX 77511
851 County Road 149, Alvin, TX, 77511
$1,599,000
For Sale
$1,599,000
Unrestricted 30-acre tract with a 4,275 sq. ft. office building and approved plans for a 273-space RV park.
Property Size4,275 SF
Lot Size30.00 Acres
Price / SF$374.04
Days on Market70
Property Features for 851 County Road 149
General Information
- Standard status
- Active
- Size
- 4,275 SF
- Lot size
- 30.00 Acres
- Property subtype
- Land or Vacant Lot
Listing agency
COMPASS RE TEXAS, LLC - HOUSTON
(832) 899-4788
Listed by
BRAD HERMES
Source
Corcoran
Added: May 14 Updated: Jul 21 at 1:58PM Checked: Jul 21 at 1:58PM
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 COMPASS RE TEXAS, LLC - HOUSTON
Investment Insights
Based on property information with market context.
This unrestricted commercial development tract spans 30 acres and includes an existing 4,275 sq. ft. office building. The property is also accompanied by plans for a 273-space RV park, supporting immediate development activity alongside the existing improvements.
The site is described as having flat topography and being positioned in the Alvin market. Public remarks note proximity to the Houston metro, the petrochemical corridor, and Gulf Coast traffic, with strong population growth referenced as a demand driver.
In addition to RV park development, the property is presented as suitable for mixed-use commercial, an industrial service yard, flex space, or hospitality development, based on the stated land attributes and existing onsite infrastructure.
The site is described as having flat topography and being positioned in the Alvin market. Public remarks note proximity to the Houston metro, the petrochemical corridor, and Gulf Coast traffic, with strong population growth referenced as a demand driver.
In addition to RV park development, the property is presented as suitable for mixed-use commercial, an industrial service yard, flex space, or hospitality development, based on the stated land attributes and existing onsite infrastructure.
Key Highlights
- Unrestricted 30‑acre tract in the Alvin market with a 4,275 sq. ft. existing office building
- Approved plans for a 273‑space RV park
- Flat topography on the 30‑acre site
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.7k | $29.64 |
| − Vacancy | −$31.6k | −$7.38 |
| EGI | $95.2k | $22.26 |
| − OpEx | −$23.8k | −$5.56 |
| NOI | $71.4k | $16.69 |
4,275 SF · lease $29.64/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$892.1K – $1.19M
NOI $71,370 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$53.26M
$46.60M – $62.13M
NOI $3,727,924 @ 7.0% cap · market cap 233.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Unrestricted 30-acre tract with a 4,275 sq. ft. office building and approved plans for a 273-space RV park.
Where is this office building located?
The property is located at 851 County Road 149 Alvin, TX.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Unrestricted 30‑acre tract in the Alvin market with a 4,275 sq. ft. existing office building; Approved plans for a 273‑space RV park; Flat topography on the 30‑acre site
