Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2849 Shanks Rd Angleton, TX 77515

    • Commercial real estate
    • 10.12 lot acres
    For Sale
    View listing
    $1,900,000
    Last Sale
    Apr 05, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1587715
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2849 Shanks Rd

    Lot size
    10.12 lot acres
    Property type
    Commercial real estate
    APN
    0134-0353-005
    APU
    1340353005

    Description

    This exceptional 440,827 square foot land parcel presents a unique investment opportunity in Angleton, Texas. Located at 2849 Shanks Road, this 10+ acre property sits at the highly visible corner of County Road 220 and Shanks Road, offering unparalleled accessibility. Zoned for agricultural, commercial, and residential uses, the possibilities are vast. Imagine developing a thriving RV park, constructing a warehouse facility, or creating a residential community – the choice is yours. The property's strategic location provides easy access to Highway 288, ensuring convenient transportation links. This expansive tract of land is ideal for developers, investors, and business owners seeking a prime location with significant potential for growth and return. The asking price is $1,900,000. This is a rare chance to acquire a substantial land holding in a rapidly developing area of Brazoria County, Texas, with a zip code of 77515. The property's versatility makes it an attractive proposition for a wide range of development projects. Don't miss this chance to secure a piece of Angleton's future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Angleton
    County
    Brazoria
    State
    Texas
    Longitude
    -95.422
    Latitude
    29.1266
    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
    0
    $0.00
    $1,001,590
    $0.00
    $1,001,590
    -
    $1,001,590
    $0.00
    $1,001,590

    Comparable in this City

    • Value Estimation by Request
      6.09 Acres

      341 Angleton Tx 77515

      Land • 6.09 Acres
      341 Angleton Tx 77515, Angleton, TX 77515
      View Details
    • Value Estimation by Request
      2.08 Acres

      2802 Oakwood Shrs Dr

      COMMERCIAL (GENERAL) • 2.08 Acres
      2802 Oakwood Shrs Dr, Richwood, TX 77515-7095
      View Details
    • Value Estimation by Request
      0.12 Acres

      Texas Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      Texas Ave, Holiday Lakes, TX 77515
      View Details
    • Value Estimation by Request
      0.27 Acres

      Fairbanks At N Texas Ave

      COMMERCIAL (GENERAL) • 0.27 Acres
      Fairbanks At N Texas Ave, Holiday Lakes, TX 77515
      View Details
    • Value Estimation by Request
      0.12 Acres

      Texas Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      Texas Ave, Holiday Lakes, TX 77515
      View Details
    • Value Estimation by Request
      0.14 Acres

      605 Tj Wright St

      COMMERCIAL (GENERAL) • 0.14 Acres
      605 Tj Wright St, Angleton, TX 77515-4344
      View Details

    Similar Nearby for Sale

    • $2,081,100
      69.30 Acres

      Angleton Commercial Land - 69 Acres

      Prime Brazoria County commercial land, owner financing available.
      0 Tx, Angleton, TX 77515
      View Details
    • $1,900,000

      Shanks Road Angleton Land Opportunity

      10+ Acres, Multi-Use Potential, Prime Location
      2849 Shanks Rd, Angleton, TX 77515
      View Details
    • $2,034,034
      6.23 Acres

      Angleton Commercial Land Investment

      6.226 Acres, High Visibility, $2M+
      0 Henderson/Cr 341, Angleton, TX 77515
      View Details
    • Contact for pricing

      Prime Angleton Industrial Land

      55 Acres, Hwy 35 & FM 523, No Flood Plain
      0 Highway 35, Angleton, TX 77515
      View Details
    • $180,000
      1.89 Acres

      Valderas Commercial Land Opportunity

      1.886 Acres, Prime Angleton Location
      0 Valderas St, Angleton, TX 77515
      View Details
    • Contact for pricing
      22.36 Acres

      Prime Angleton Commercial Land

      22-acre retail tract, Hwy 35 frontage.
      0 Of Sh 288, Angleton, TX 77515
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,953 SF

      Angleton Commercial Land For Lease

      Prime 29,953 SF Commercial Lot
      1038 Velasco St, Angleton, TX 77515
      View Details
    • $2,900 /Mo
      1,472 SF

      Turnkey Bar/Restaurant Opportunity

      Ready-to-lease bar with open floor plan and built-in counters.
      108 N Velasco St, Angleton, TX 77515
      View Details
    • $16 SF/Yr
      4,004 SF

      Angleton Retail Space Available

      Retail space available for lease in Angleton, Texas.
      1800-1814 North Velasco St, Angleton, TX 77515
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2849 Shanks Rd
    Angleton, TX 77515
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.