23111 Fm 1462 Rd Damon, TX 77430
For Sale
1 / 50
Invest in the future with this prime 65+/- acre UNRESTRICTED site with 9,562 SF commercial office building, barndominium and over 2000 trees on FM 1462 in Fort Bend County and zoned to Needville ISD! This tract is 5.5+/- miles south of the proposed Grand Parkway/Hwy 99, 7.5 miles from the master planned Austin Point subdivision and 300+/- feet from the intersection of FM 762 and FM 1462 which connects Hwy 36 and Hwy 288. The property boasts over 2,000 trees that could be sold, 2 large ground water-filled ponds w/ fountains and a 4" water well w/ 500 gallon tank. The rear 25+/- acres is fully fenced! The property is AG EXEMPT and, per the FEMA flood maps, is completely out of the flood hazard area except for 1+/- acres in the SW corner in the 500 year flood zone. With this area being primed for growth plus all the great improvements, this property is ideal for a gorgeous HOMESITE or residential/commercial development. Contact us now! bikeScore: 25, Somewhat Bikeable walkScore: 0, Car-Dependent
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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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.