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Property profile & analytics
OFF-MARKET
Land

5822 Farm To Market 1516 Converse, TX 78109

0.5 ac lot
Property ID
Property summary
AI-generated overview

Exceptional opportunity to acquire prime commercial land in Converse, Texas. This 3.53-acre site, zoned C-2, is ideally situated at a hard corner on FM 1516, offering unparalleled visibility and accessibility. The property is positioned at the entrance of a new multifamily development and directly across from a new single-family residential neighborhood, ensuring a robust customer base. With twelve new subdivisions planned or under construction in the immediate area (representing approximately 3,000 new homes), and additional multifamily projects underway, this location is experiencing significant residential growth. The city of Converse is proactively planning road improvements to accommodate this increased traffic volume. The site is divisible into two or three pad sites, providing flexibility for various retail uses. Potential uses include, but are not limited to, auto parts stores, dollar stores, paint stores, dental offices, coffee shops, and daycare centers. The land value is $16 per square foot. This presents a rare chance to capitalize on the explosive growth in Converse and secure a prominent position in this thriving market. Lot sizes range from 0.5 to 3.53 acres.

Property profile
Verified
Property type Land
Lot 0.5 ac (21,780 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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