1922 County Rd Cleveland, TX 77327
Exceptional commercial land opportunity in rapidly growing Cleveland, Texas. These lots, ranging from 1 to 1.72 acres, are ideally situated next to a Dollar General Market, a grocery store, three quick-service restaurants, and Cottonwood Elementary School. The property benefits from readily available city water and sewer, three-phase power, and natural gas. No detention is required due to the community's well-planned drainage system. This location is designated as a no-flood zone and falls within an Opportunity Zone, offering significant financial advantages. The surrounding Colony Ridge Communities boast over 50,000 residents across 34,000 acres, with projected growth to 250,000 residents upon completion. The area is experiencing explosive growth, with 150-200 new homes built monthly and over 250 residential lots sold weekly. Six schools currently serve the community, with a seventh scheduled to open in early 2025. The strategic location offers three direct access points from Highway 99, providing convenient access between Highway 59 and Interstate 10. This presents a unique chance to establish a business in a thriving, high-growth community with excellent infrastructure and strong demographics. The land is priced at $9 to $11 per square foot. The flexible lot sizes allow for subdivision, enabling customization to meet specific business needs.
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
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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.