8701 Monticello Dr Texas City, TX 77591
This exceptional 4.689-acre parcel of land presents a unique investment opportunity in Texas City, Texas. Located at 8701 Monticello Drive, this cleared and elevated site boasts convenient access to major thoroughfares, including the proximity to the intersection of the Gulf Freeway (Interstate 45) and Emmett F Lowry Expressway. Its strategic location places it near key amenities such as the College of the Mainland, Mainland Hospital, and the expansive Lago Mar master-planned community (2,033 acres developed by Land Tejas). The property is zoned for multi-family development, a highly desirable and rare zoning classification within Texas City and its surrounding areas. All utilities are readily available on-site, simplifying the development process. The asking price for this exceptional property is $864,000. This represents a significant opportunity for developers seeking to capitalize on the growing demand for multi-family housing in this thriving Texas City location. The property's size and zoning make it ideal for a substantial multi-family project. Given its location and zoning, this is a rare and highly sought-after development opportunity. Further details are available upon request.
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
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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.