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    1156 Fox Meadow Dr Alvin, TX 77511
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    1156 Fox Meadow Dr Alvin, TX 77511

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    • Lifestyle centers
    • 60.00 lot acres
    For Sale
    $2,999,000
    View Listing →
    60 Acres of Prime Commercial Land For Sale
    $2,999,000

    60 Acres of Prime Commercial Land

    Lifestyle centers

    1156 Fox Meadow Dr, Alvin, TX 77511
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Upside SportsPlex / Gym & Fitness Center
    • The Twisted Kow / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 1156 Fox Meadow Dr

    Lot size
    60.00 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2336
    Latitude
    29.4627

    Comparable in this City

    • Value Estimation by Request
      6,487 SF

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    • Value Estimation by Request
      10,730 SF

      230 Bypass 35

      Lifestyle centers • 10,730 SF
      230 Bypass 35, Alvin, TX 77511
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    • Value Estimation by Request
      76,468 SF

      200-324 House St

      Neighborhood centers • 76,468 SF
      200-324 House St, Alvin, TX 77511
      View Details
    • Value Estimation
      $1,975,000
      45,570 SF

      3126 Hwy 35

      MINI-MALL • 45,570 SF
      3126 Hwy 35, Alvin, TX 77511-1404
      View Details
    • Value Estimation
      $1,285,000
      29,525 SF

      1200 Hwy 35th N Byp

      MINI-MALL • 29,525 SF
      1200 Hwy 35th N Byp, Alvin, TX 77511-8232
      View Details
    • Value Estimation
      $780,000
      15,040 SF

      173 Tovrea Rd

      MINI-MALL • 15,040 SF
      173 Tovrea Rd, Alvin, TX 77511-2963
      View Details

    Similar Nearby for Sale

    • $2,999,000
      60.00 Acres

      60 Acres of Prime Commercial Land

      Lifestyle centers • 60.00 Acres
      1156 Fox Meadow Dr, Alvin, TX 77511
      View Details
    • Contact for pricing

      Mixed-Use Property on Corner Lot

      Versatile mixed-use property with residence, workshop, and open concept building.
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    • $1,300,000
      5,550 SF

      Fully Leased Alvin Retail Center

      5,550 SF retail center with established tenants in Alvin.
      1516 S Gordon St, Alvin, TX 77511
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    • $435,600
      3.00 Acres

      Tx-35

      Land • 3.00 Acres
      0 Tx-35, Alvin, TX 77511
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      2,400 SF

      Retail Space in Alvin, Texas

      Retail property available for lease in Alvin, Texas.
      1913 S Gordon St, Alvin, TX 77511
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      Harbor Freight Anchored Retail Center

      Retail space for lease in Alvin Shopping Center.
      1200-1232 Fm 1462 Rd, Alvin, TX 77511
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      Retail Space in Alvin Center

      Retail space available in a shopping center near Highway 35.
      1202 Fm 1462 Rd, Alvin, TX 77511
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      Retail Space in Fairway Plaza

      Retail space with great visibility and ample parking available for lease.
      1701 Fairway Drive Ext, Alvin, TX 77511
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      Retail Space in Fairway Plaza

      Retail space available in a busy shopping center.
      1701 Fairway Dr, Alvin, TX 77511
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    • Contact for pricing

      Retail Property in Alvin, Texas

      Multi-tenant retail buildings with single-tenant building on 5.51 acres.
      200-324 E House St, Alvin, TX 77511
      View Details
    View Listing
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    Alvin, TX 77511
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    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
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