4300 Shary Rd, Palmhurst, TX 78573
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.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.