511 & Crk 172 Alvin, TX 77512
This exceptional 368.89-acre property in Alvin, Texas, presents a rare investment opportunity. Strategically located proximal to the future Grand Parkway, this land boasts significant development potential. Currently utilized for agricultural purposes and benefiting from an agricultural exemption on property taxes, the property offers immediate tax advantages. A Municipal Utility District (MUD) is currently in progress, streamlining the development process for future projects. The expansive lot features over 4,700 linear feet of frontage on CR 172, with additional frontage planned on a future extension of CR 511 to the Grand Parkway. This prime location ensures excellent accessibility and visibility, making it ideal for residential, commercial, or mixed-use development. The property is situated outside the floodplain, mitigating risk. This large-scale land offering represents a significant investment opportunity in a rapidly growing area, poised for substantial appreciation. The combination of location, size, and development readiness makes this a truly unique and compelling investment prospect. The property's current agricultural use provides immediate tax benefits, while the future development potential promises significant long-term returns. The property's address is CR 511 & CR 172, Alvin, TX 77512, with APN 00070014000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.