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Property profile & analytics
OFF-MARKET
Land

8701 Monticello Dr Texas City, TX 77591

4.69 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4.69 ac (204,253 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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