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    990 Santa Cruz Ln Corpus Christi, TX 78415

    For Sale
    $1,350,000

    89-Acre Residential Tract, Excellent Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 89.25-acre parcel, located at 990 Santa Cruz Ln, Corpus Christi, TX 78415, presents a unique investment opportunity in the rapidly growing Nueces County. Currently zoned OCL, this property offers significant potential for various developments, including expansion of an existing cemetery (as permitted by state law). The land's size allows for substantial expansion of the existing cemetery or subdivision into smaller lots for alternative uses. Situated in the desirable London ISD school district, this location benefits from a strong community and growing population. The asking price is $1,350,000. This is a rare chance to acquire a large tract of land in a high-growth area with flexibility for diverse development strategies. The property's size and zoning provide considerable upside potential for long-term investment returns. Given the limitations on new cemetery creation, this existing cemetery presents a secure and potentially lucrative investment. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 990 Santa Cruz Ln

    General Information

    Property type
    Land
    Lot Size
    3,887,730 SF

    HighLights

    • Located in the desirable London ISD.
    • Exceptional investment opportunity.
    • Potential for subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.49532684
    Latitude
    27.58632306

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    FAQs

    What type of property is this?
    Land - 89-Acre Residential Tract, Excellent Potential
    Where is this land located?
    The property is located at 990 Santa Cruz Ln Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Located in the desirable London ISD.; Exceptional investment opportunity.; Potential for subdivision.
    (361) 929-5003
    Request Owner's contact information
    990 Santa Cruz Ln Corpus Christi, TX 78415
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    Corpus Christi, TX 78415
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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
    990 Santa Cruz Ln Corpus Christi, TX 78415
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