Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Opportunity on FM646 Title is generated by Realmo AI

    1001 FM646, League City, TX 77573

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land parcel suitable for retail, industrial, or office development.

    Type:Land
    Property size:
    164,656 SF
    Lot size:
    3.78 Acres
    Price / SF:
    $4/SF
    Added:
    Nov 20, 2021
    Days on Market:
    1657
    Last Refresh:
    May 20 at 8:21 pm

    Property Features for 1001 FM646

    General Information

    Standard status
    Active
    Size
    164,656 SF
    Lot size
    3.78 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jason Suchecki

    Listing agent Jason Suchecki License #TX 747765

    Listing office eXp Commercial

    Listing date Nov 20, 2021

    Source Crexi

    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 eXp Commercial

    HighLights

    • Excellent development opportunity.
    • One of the best priced parcels on 646 at just over $4.50 / SF.
    • Proposed to be the southern addition to the Grand Parkway.
    • Perfect for retail development.
    • Suitable for industrial development.
    • Suitable for medical, office, business park, or warehouse development.

    Overview

    This commercial land parcel, encompassing 164656 square feet, presents a development opportunity. The property is positioned on FM646, which is proposed to be a southern addition to the Grand Parkway. The site is suitable for various development projects, including retail, industrial, medical, office, a business park, or a warehouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    League City
    County
    Galveston
    State
    Texas
    Longitude
    -95.086779
    Latitude
    29.469081

    Nearby Similar for Sale

    • $2,913,000
      7,980 SF

      League City Retail Center

      7,980 SF shopping center with diverse tenants.
      2750 W Main St, League City, TX 77573
      View Details
    • $595,568

      Commercial Pad Site For Sale

      0.85 acre commercial pad site in League City, Texas.
      140 North Egret Bay Boulevard, League City, TX 77573
      View Details
    • $7,013,160

      League City Commercial Development Tract

      7 acre commercial tract in growing League City, Texas.
      NWC League City Pkwy & Lawrence Rd, League City, TX 77573
      View Details
    • $4,990,000
      29,244 SF

      League City Industrial Facility For Sale

      Industrial facility in a growing area between Houston and Galveston.
      2705 Dickinson Avenue, League City, TX, 77573
      View Details
    • Contact for pricing
      10,723 SF

      League City Automotive Service Center

      Automotive service center with car wash and ample parking.
      1121 Butler Rd, League City, TX 77573
      View Details
    • $725,000
      1,396 SF

      Retail Property in League City

      Retail storefront property with 1396 square feet in League City.
      310 Ellen Avenue, League City, TX 77573
      View Details
    • $315,000

      League City Commercial/Industrial Land

      0.88-acre League City tract ready for development.
      414 Washington St, League City, TX 77573
      View Details
    • $2,600,000
      2,400 SF

      League City Commercial Opportunity

      Multiple properties for sale on high-traffic West Main Street.
      624 West Main Street, League City, TX 77573
      View Details
    • $2,600,000

      League City Commercial Opportunity

      Prime commercial properties for sale in high-growth League City.
      610-620 W Main Street, League City, TX
      View Details
    • $2,818,000
      6,688 SF

      NNN Leased Retail Investment Opportunity

      NNN leased retail property with corporate guaranty and rental increases.
      3052 South Shore Boulevard, League City, TX 77573
      View Details
    • Contact for pricing
      57,939 SF

      Value-Add Office Building Opportunity

      Class B office building with value-add potential in Clear Lake.
      3027 Marina Bay Dr, League City, TX 77573
      View Details
    • $3,958,750
      11,371 SF

      League City CVS Pharmacy For Sale

      Freestanding CVS with MinuteClinic and strong sales volume.
      5002 W Main St, League City, TX 77573
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land parcel suitable for retail, industrial, or office development.
    Where is this commercial land located?
    The property is located at 1001 FM646 League City, TX.
    What is the asking price?
    The asking price for this property is $749,999.
    What are key features of this property?
    This property features: Excellent development opportunity.; One of the best priced parcels on 646 at just over $4.50 / SF.; Proposed to be the southern addition to the Grand Parkway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Suchecki
    Real Estate License ID: TX 747765
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1001 FM646, League City, TX 77573
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!