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    OFF-MARKET
    Land

    4300 Shary Rd, Palmhurst, TX 78573

    16.13 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 16.13-acre commercial land parcel is strategically located at the northeast corner of N. Shary Road and Buddy Owens/Mile 3 in Palmhurst, Texas, zip code 78573. Boasting over 1200 feet of frontage on Mile 3/Buddy Owens Road, this property enjoys high visibility and traffic counts due to its position between two Sharyland ISD high schools (Sharyland HS to the south and the new Pioneer HS to the north). The area is characterized by high-end residential properties, with average home prices ranging from $350,000 to $650,000, indicating a strong and affluent surrounding community. The site benefits from excellent accessibility, being situated approximately 20 minutes from the airport and a 10-minute drive to Expressway 83/2. The four-lane road with streetlights at the intersection ensures high visibility and convenient access. This large multi-use tract presents a significant opportunity for commercial development within the Sharyland ISD school district. The asking price is $2,950,000.

    Property profile
    Verified
    Property type Land
    Lot 16.13 ac (702,623 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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