Property profile

5160 Martinez Converse Rd Converse, TX 78109

OFF-MARKET
Land
2,192 SF 1.16 ac lot
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Property summary

AI-generated overview

This exceptional 1.16-acre commercial land parcel, located at 5160 Martinez Converse Rd in Converse, Texas (zip code 78109), presents a compelling investment opportunity. Priced at $375,000, this B-3 zoned property offers significant potential for a variety of commercial uses. The site boasts 2,192 square feet and provides ample parking with 45 spaces. Its strategic location off a major intersection ensures high visibility, with an estimated 5,000 vehicles passing daily. The property is situated in a rapidly growing area of Converse, directly adjacent to Idea Converse Academy Charter School and a new residential development, providing immediate access to a substantial customer base. This prime location serves as a main entry point for a residential area, making it ideal for businesses seeking high traffic and visibility. The flexible B-3 zoning allows for diverse development options, making this a truly attractive proposition for investors seeking a ready-to-develop site in a thriving Texas market. The property's proximity to both established and emerging communities ensures strong potential for long-term growth and return on investment.

Property profile

Verified
Property type Land
Total area 2,192 SF
Lot 1.16 ac (50,530 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5160 Martinez Converse Rd Converse, TX 78109
Converse metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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