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Property profile & analytics
OFF-MARKET
Land

671 Hondo Ave Devine, TX 78016

0.68 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.677-acre commercial land tract presents a unique investment opportunity in Devine, Texas. Located at 671 E Hondo Ave, this property boasts a prime location, situated just off Interstate 35 South on E Hondo Ave/Highway 173, and east of Highway 132. Its strategic placement offers unparalleled visibility and accessibility, placing it within close proximity to a thriving commercial hub. The land is approximately 500 feet from the IH-35 intersection, ensuring high traffic volume and exposure to a large customer base. Neighboring businesses include a Walmart Supercenter, a convenience store with a Chevron gas station and McDonald's, a Sonic Drive-in, and the Triple C Restaurant, all contributing to a robust and growing retail environment. The property is zoned for Class H Business Commercial District within the City of Devine, offering flexibility for a variety of commercial uses. The asking price is $353,881.44, translating to a land value of $12 per square foot. This represents a compelling investment opportunity in a rapidly developing area with significant potential for future growth and return. The property's proximity to major retailers and high traffic counts makes it an ideal location for a variety of commercial ventures.

Property profile
Verified
Property type Land
Lot 0.68 ac (29,490 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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