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    8701 Monticello Dr Texas City, TX 77591

    For Sale
    $864,000

    Prime 4.689-acre development site, all utilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 4.689-acre parcel of land presents a unique investment opportunity in Texas City, Texas. Located at 8701 Monticello Drive, this cleared and elevated site boasts convenient access to major thoroughfares, including the proximity to the intersection of the Gulf Freeway (Interstate 45) and Emmett F Lowry Expressway. Its strategic location places it near key amenities such as the College of the Mainland, Mainland Hospital, and the expansive Lago Mar master-planned community (2,033 acres developed by Land Tejas). The property is zoned for multi-family development, a highly desirable and rare zoning classification within Texas City and its surrounding areas. All utilities are readily available on-site, simplifying the development process. The asking price for this exceptional property is $864,000. This represents a significant opportunity for developers seeking to capitalize on the growing demand for multi-family housing in this thriving Texas City location. The property's size and zoning make it ideal for a substantial multi-family project. Given its location and zoning, this is a rare and highly sought-after development opportunity. Further details are available upon request.

    Property Features for 8701 Monticello Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    204,253 SF

    HighLights

    • $864,000 asking price.
    • Land property.
    • 4.689‑acre lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Texas City
    County
    Galveston
    State
    Texas
    Longitude
    -95.0085531
    Latitude
    29.3923142

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    FAQs

    What type of property is this?
    Multifamily property - Prime 4.689-acre development site, all utilities.
    Where is this multifamily property located?
    The property is located at 8701 Monticello Dr Texas City, TX.
    What is the asking price?
    The asking price for this property is $864,000.
    What are key features of this property?
    This property features: $864,000 asking price.; Land property.; 4.689-acre lot size.
    (281) 280-8088
    Request Owner's contact information
    8701 Monticello Dr Texas City, TX 77591
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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
    8701 Monticello Dr Texas City, TX 77591
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