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    509 Wells Ave Cleveland, TX 77328

    For Sale
    $650,000
    Added:
    Dec 11, 2024
    Days on Market:
    365

    Property Features for 509 Wells Ave

    General Information

    Property type
    Land
    Lot Size
    114,563 SF

    HighLights

    • 2.63‑acre unrestricted land parcel.
    • 335 feet of Hwy 59 frontage.
    • Utilities available.
    • Existing residential structure on site adds value.
    • Excellent commercial or investment opportunity in a rapidly growing Cleveland, TX market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Skin Care Clinic Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.099112901494
    Latitude
    30.339868746878

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    FAQs

    Where is this land located?
    The property is located at 509 Wells Ave Cleveland, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 2.63-acre unrestricted land parcel.; 335 feet of Hwy 59 frontage.; Utilities available.
    (281) 639-8316
    Request Owner's contact information
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    Cleveland, TX 77328
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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
    509 Wells Ave Cleveland, TX 77328
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