Mixed-Use Development Tract with
For Sale
$1,499,000
851 County Road 149, Alvin, TX 77511
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$350.64
Days on Market162
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
Taxes and HOA fees
Annual Taxes
$26,055
Amenities
Views
Waterfront
Wooded
Listing Agency:
COMPASS RE TEXAS, LLC - HOUSTON
(832) 899-4788
Listed By:
BRAD HERMES · License #510438
(713) 816-3200
Source:
Corcoran
Added: May 14
Changed: Oct 10
Last Checked: Oct 20 at 9:08PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,370
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,400
$1.4M
Cap Rate 7%
$1,019,571
$1.0M
Cap Rate 9%
$793,000
$793.0K
Market Conditions
NOI Build-Up for 4,275 SF
Gross rent
$126.7K $29.64/SF
− Vacancy
−$31.6K −$7.38/SF
EGI
$95.2K $22.26/SF
− OpEx
−$23.8K −$5.56/SF
NOI
$71.4K $16.69/SF
Area
Brazoria County, TX
Vacancy
24.90%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,400
Cap Rate 7%
$1,019,571
Cap Rate 9%
$793,000
Alternative Uses
Best Use
Office B
$1.02M
$892.1K – $1.19M
NOI $71,370 @ 7.0% cap · market cap 4.76%
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 248.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 $1,499,000.
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
