This exceptional commercial land opportunity is located in Cleveland, Texas, within the rapidly expanding Colony Ridge Communities. Priced at $392,040, this property offers a unique investment prospect in a high-growth area. The land is zoned for commercial use and boasts a land value of $9 per square foot. All sites benefit from readily available city water and sewer, three-phase power, and natural gas, making them ideal for immediate development. No detention is required as all drainage is already in place. This location offers unparalleled access, with three direct access points from Highway 99, situated between Highway 59 and I-10. The surrounding community is experiencing phenomenal growth, with over 50,000 residents currently and a projected 250,000 upon completion of the 34,000-acre development. This growth is fueled by the addition of 150-200 new homes each month and the sale of over 250 residential lots weekly. The area is served by the rapidly expanding Cleveland ISD, currently with six schools and a seventh planned for 2025. This property's proximity to four existing schools presents a significant advantage for businesses targeting families. The location is also designated as a No Flood Zone. This is a rare opportunity to establish a business in a thriving, rapidly growing community with excellent infrastructure and accessibility.
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
Similar Nearby for Lease
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.