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    5822 Farm To Market 1516 Converse, TX 78109

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail Pads in High-Growth Converse, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional opportunity to acquire prime commercial land in Converse, Texas. This 3.53-acre site, zoned C-2, is ideally situated at a hard corner on FM 1516, offering unparalleled visibility and accessibility. The property is positioned at the entrance of a new multifamily development and directly across from a new single-family residential neighborhood, ensuring a robust customer base. With twelve new subdivisions planned or under construction in the immediate area (representing approximately 3,000 new homes), and additional multifamily projects underway, this location is experiencing significant residential growth. The city of Converse is proactively planning road improvements to accommodate this increased traffic volume. The site is divisible into two or three pad sites, providing flexibility for various retail uses. Potential uses include, but are not limited to, auto parts stores, dollar stores, paint stores, dental offices, coffee shops, and daycare centers. The land value is $16 per square foot. This presents a rare chance to capitalize on the explosive growth in Converse and secure a prominent position in this thriving market. Lot sizes range from 0.5 to 3.53 acres.

    Property Features for 5822 Farm To Market 1516

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • 3.53‑acre commercial land parcel in Converse, TX.
    • C‑2 zoning allows for diverse retail uses.
    • High‑visibility corner lot on FM 1516, near new residential developments.
    • Divisible into 2‑3 pad sites, ranging from 0.5 to 3.53 acres.
    • Land value: $16/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Converse
    County
    Bexar
    State
    Texas
    Longitude
    -98.312237931466
    Latitude
    29.483254414205

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    FAQs

    What type of property is this?
    Land - Prime Retail Pads in High-Growth Converse, TX
    Where is this land located?
    The property is located at 5822 Farm To Market 1516 Converse, TX.
    What are key features of this property?
    This property features: 3.53-acre commercial land parcel in Converse, TX.; C-2 zoning allows for diverse retail uses.; High-visibility corner lot on FM 1516, near new residential developments.
    Request Owner's contact information
    5822 Farm To Market 1516 Converse, TX 78109
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    Converse, TX 78109
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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
    5822 Farm To Market 1516 Converse, TX 78109
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