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    Alvin Tx 77511 Alvin, TX 77511
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    Alvin Tx 77511 Alvin, TX 77511

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    Cap Rate Potential
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    • Land

    Property Details for 0 Alvin Tx 77511

    Property type
    Land

    Description

    This exceptional 1.46-acre commercial lot presents a remarkable investment opportunity in Alvin, Texas. Strategically located just one block from the intersection of Highway 35 Bypass and Highway 6, this property enjoys unparalleled access to major thoroughfares and high visibility. The cleared and level lot is ready for immediate development, boasting concrete road access, curbs, and gutters, along with readily available utilities. Its suitability for a wide range of commercial uses, including retail, medical clinics, hotels, fitness centers, or storage facilities, makes it highly versatile. A survey is already completed, simplifying the development process. Future access to the Grand Parkway further enhances the property's long-term growth potential, making this a prime location for investors seeking significant returns. The asking price is $699,000, translating to $10.99 per square foot. This represents a compelling value proposition given the property's location, accessibility, and development-ready condition. Don't miss this chance to acquire a highly desirable commercial lot in a rapidly growing area. The property is situated in Brazoria County, Texas, with the address listed as Alvin, TX 77511.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2476
    Latitude
    29.3846

    Comparable in this City

    • Value Estimation by Request
      3.20 Acres

      3610 Highway 6

      Land • 3.20 Acres
      3610 Highway 6, Alvin, TX 77511
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    • Value Estimation by Request
      0.37 Acres

      TX-35 Loop

      Restaurants • 0.37 Acres
      TX-35 Loop, Alvin, TX 77511
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    • Value Estimation by Request
      5.00 Acres

      19753 Tx-35

      Land • 5.00 Acres
      19753 Tx-35, Alvin, TX 77511
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    • Value Estimation by Request
      2.90 Acres

      Highway 35

      Land • 2.90 Acres
      0 Highway 35, Alvin, TX 77511
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    • Value Estimation by Request
      4.14 Acres

      920 Highway 6

      Land • 4.14 Acres
      920 Highway 6, Alvin, TX 77511
      View Details
    • Value Estimation by Request
      29.48 Acres

      146 Hwy 6 & County Rd

      Land • 29.48 Acres
      146 Hwy 6 & County Rd, Alvin, TX 77511
      View Details

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    Similar Nearby for Lease

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      Land Available For Lease

      Single tenant land available for lease on 5 acres.
      3175 Fm 1462 Rd, Alvin, TX 77511
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    • $0.36 SF/Yr

      Prime Commercial Land For Lease

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      Commercial Lot on FM 1462

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      Highland Square Shopping Center Space

      Retail space available in Kroger-anchored shopping center.
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      Retail Space in Highland Square

      Retail space available in Kroger-anchored shopping center.
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      Retail Space in Alvin Center

      Retail space available in a shopping center near Highway 35.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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