11503 Parsons Rd Manor, TX 78653-5220
This exceptional 70-acre commercial property in Manor, Texas, presents a unique investment opportunity. The expansive grounds boast stunning natural beauty, including mature trees and water features, complemented by swimming pools. The property comprises two parcels, including the listed 53.89-acre lot at 11503 Parsons Rd, and an additional 15.94-acre parcel at 11502 Parsons Rd (sold together). Previously utilized as a recovery center, the versatile buildings offer a range of spaces suitable for diverse commercial ventures. Construction dates range from 1983 to 2010. The substantial structures include multiple offices, separate residential units for men and women, a community center, an event hall, and a sizable 5,000-square-foot warehouse. The total square footage of all buildings is approximately 30,000 square feet (buyer to verify). This property's size, amenities, and natural setting provide significant potential for redevelopment or continued operation as a wellness or retreat center, or for a variety of other commercial uses. The asking price for this expansive property is $4,950,000. This represents a rare chance to acquire a substantial commercial holding with significant development potential in a desirable location. All square footage should be independently verified by the buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.