Technical
Financial
Distress signals
Property profile

604 Lovett Ave Cleveland, TX 77327

FOR SALE
Commercial land
Property ID
US82-3784645
1,200 SF 0.69 ac lot Built 1984
Entity Owned 3-yr Hold Absentee Owner
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604 Lovett Ave, Cleveland, TX 77327 For Sale
$1,000,000 1,200 SF
604 Lovett Ave, Cleveland, TX 77327
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Property summary

AI-generated overview

This exceptional 0.85-acre commercial land parcel presents a remarkable investment opportunity in the thriving Cleveland, Texas market, situated within the Houston MSA. The property boasts an enviable location at 604 Lovett Ave, 77327, offering unparalleled visibility and accessibility. Its strategic placement provides easy access to US-59 and Highway 105, two major thoroughfares experiencing a high volume of daily traffic exceeding 27,000 vehicles on US-59 alone. This ensures significant exposure for any commercial development. The site is ideally positioned near a cluster of established national retail and quick-service restaurants, including H-E-B, Walmart, Whataburger, McDonald's, Burger King, and Taco Bell. This concentration of popular businesses creates a high-traffic area, further enhancing the property's value and potential for attracting customers. The property's size and location make it suitable for a variety of commercial uses, presenting a unique chance to establish a successful business in a rapidly growing community. The land is ready for development, offering a blank canvas for a new commercial venture. This prime location and high visibility make this property an exceptional investment opportunity. Don't miss the chance to own this strategically located commercial land parcel in the heart of Cleveland, Texas.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1984
Total area 1,200 SF
Lot 0.69 ac (30,231 SF)
APN R47805
UPID US82-3784645

Cap rate & NOI

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

Location

604 Lovett Ave Cleveland, TX 77327
Cleveland metro Census 700100 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2016
Price N/A
2014
Price N/A
2005
Price N/A
1969
Price N/A

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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