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    2441 Byp 35 Alvin, TX 77511-4852
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    Property profile & analytics

    2441 Byp 35, Alvin, TX 77511-4852

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    • Specialty properties
    • 2,996 SF
    • 6.16 lot acres
    Off-Market
    Property ID
    US82-5414857
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Kenton Apartments / Real Estate Agency

    Property Details for 2441 Byp 35

    Year built
    2009
    Lot size
    6.16 lot acres
    Property type
    Specialty properties
    APN
    4735-0001-001
    APU
    47350001001

    Description

    This exceptional 3.28-acre commercial land parcel presents a rare opportunity in Alvin, Texas. Strategically located at 2441 S Bypass 35 in Brazoria County, zip code 77511, this property boasts high visibility and significant development potential. The site is divided into two distinct pads: a 2.145-acre corner pad and a 1.145-acre interior pad, offering flexibility for various commercial ventures. Its prime location directly fronts an 80-unit Class A apartment complex, housing approximately 130 residents, ensuring a built-in customer base. This advantageous positioning makes it ideally suited for businesses seeking high foot traffic and convenient access. The property's size and configuration allow for the development of a variety of commercial uses, including, but not limited to, medical offices and banking institutions. With its excellent location, ample space, and proximity to a substantial residential population, this property represents a compelling investment opportunity for discerning developers and businesses seeking a strong foothold in a thriving community. The coordinates for this property are 29.4031466 latitude and -95.2353336 longitude. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2353
    Latitude
    29.4031
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $0.00
    $200,040
    $10,499,960
    $10,700,000
    -
    $200,040
    $10,499,960
    $10,700,000

    Comparable in this City

    • Value Estimation
      $2,210,000
      27,332 SF

      3201 Hwy 35

      CHARITABLE ORGANIZATION
      3201 Hwy 35, Alvin, TX 77511-4153
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      30,070 SF

      1156 Fox Meadow Dr

      Specialty properties
      1156 Fox Meadow Dr, Alvin, TX 77511
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      4,000 SF

      785 County Rd 539

      CHARITABLE ORGANIZATION
      785 County Rd 539, Alvin, TX 77511-6404
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      3,783 SF

      812 Douglas St

      CHARITABLE ORGANIZATION
      812 Douglas St, Alvin, TX 77511-3625
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    • Value Estimation by Request

      19402 Highway 6

      Specialty properties
      19402 Highway 6, Alvin, TX 77511
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    • Value Estimation by Request
      6,000 SF

      5515 Tx-35

      Flex space
      5515 Tx-35, Alvin, TX 77511
      View Details

    Similar Nearby for Sale

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      2401 County Rd 422, Alvin, TX 77511

      Land
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      4,200 SF

      New McDonald's Ground Lease

      New 2024 McDonald's ground lease in Alvin, Texas.
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    • $45,000

      Wooded Lot in Oak Bend

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    Similar Nearby for Lease

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      FM 1462 Specialty Property

      Specialty property available for rent in Alvin, Texas.
      1240-1241 Fm 1462 Rd, Alvin, TX 77511
      View Details
    • Contact for pricing

      Retail Space in Fairway Plaza

      Retail space available in a busy shopping center.
      1701 Fairway Dr, Alvin, TX 77511
      View Details
    • Contact for pricing
      1,400 SF

      Pad Site Available For Rent

      Pad site with great visibility and easy access.
      3100-3142 Tx-35, Alvin, TX 77511
      View Details
    • Contact for pricing

      Retail Space in Highland Square

      Retail space available in Kroger-anchored shopping center.
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      View Details
    • Contact for pricing

      Highland Square Shopping Center Space

      Retail space available in Kroger-anchored shopping center.
      3100 Tx-35, Alvin, TX 77511
      View Details
    • Contact for pricing

      Land Available For Lease

      Single tenant land available for lease on 5 acres.
      3175 Fm 1462 Rd, Alvin, TX 77511
      View Details
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    Alvin, TX 77511-4852
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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.

    More about this property
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