Technical
Financial
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Property profile

0 Fm 1462 Rd Damon, TX 77430

OFF-MARKET
Land
2.73 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.73 ac (118,832 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Fm 1462 Rd Damon, TX 77430
Damon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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