0 Fm 1462 Rd Damon, TX 77430
This exceptional 2.728-acre commercial land parcel presents a remarkable investment opportunity in Damon, Texas. Strategically located on FM 1462, this property boasts approximately 330 feet of frontage, offering high visibility and accessibility. Situated midway between Highway 288 and Highway 36, at the intersection of FM 1462 and FM 762, this site benefits from significant traffic flow and proximity to major thoroughfares. The property is zoned to Needville ISD and is conveniently located approximately six miles from the proposed State Highway 99/Grand Parkway project, promising future growth and development potential. Ideal for a variety of commercial uses, including a gas station or retail center, this tract presents a compelling opportunity. Importantly, this land is located in FEMA Flood Zone X, outside the 100-year and 500-year floodplains. The seller owns a larger 67-acre tract at this location, with approximately 1,000 feet of frontage on FM 1462, and is open to selling additional adjacent acreage to accommodate buyers seeking a larger footprint. The dimensions and acreage of the listed property are flexible and can be adjusted to meet specific buyer needs. This property is identified as "Tract 1" within a larger parcel (FB CAD IDs: R32220, R32224, R32225 & R32226). The asking price is $401,681. Prospective buyers are encouraged to verify all measurements, exemptions, restrictions, and other pertinent information.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property 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.