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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6718 Fm 646 Rd Santa Fe, TX 77510

    • Commercial real estate
    • 4.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2472655
    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 6718 Fm 646 Rd

    Lot size
    4.61 lot acres
    Property type
    Commercial real estate
    APN
    1095-0000-0213-024

    Description

    This exceptional 4.612-acre commercial property in Santa Fe, Texas, presents a remarkable investment opportunity. Located at 6718 FM 646 Road S, (APN 1095-0000-0213-024), this land is situated next to a well-established Dollar Store, offering excellent visibility and accessibility. The property's versatility allows for diverse development options, including small businesses, campgrounds, or various housing ventures. Alternatively, it could support retail expansion, service businesses, or even small-scale agriculture. The existing home, while needing some TLC and sold "as is," adds character and could serve as a residence or on-site management space. Additional structures, including a barn and shop, provide valuable storage. The property also offers potential for animal husbandry. Conveniently located just 1.5 miles from Highway 6, this land boasts easy access to major transportation routes. Priced at $550,000, this property is a blank canvas for buyers with vision and a desire for a prime commercial location in a growing area. Don't miss this chance to acquire a versatile and strategically located parcel of land.

    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
    Santa Fe
    County
    Galveston
    State
    Texas
    Longitude
    -95.081363
    Latitude
    29.347813

    Comparable in this City

    • $778,500
      31.14 Acres

      Prime 31-Acre Santa Fe Land

      Texas Ranch/Commercial Opportunity
      11402 Fm 2004 Rd, Santa Fe, TX 77510
      View Details
    • $545,000

      26 Acres of Fenced Land

      26 acres of fenced land with agricultural exemption.
      11700 Fm 2004 Rd, Santa Fe, TX 77510
      View Details
    • $499,900

      Highway 6 Frontage Land

      5.3 acres with 2,300 feet of Highway 6 frontage.
      00 Highway 6, Santa Fe, TX 77510
      View Details
    • $1,493,000

      30-Acre Fenced Agricultural Land

      30-acre fenced agricultural land with frontage on FM646 and Avenue L.
      1320 Avenue L, Santa Fe, TX 77510
      View Details
    • $225,000

      Spacious Land with Barn, Pond

      1.7-acre property with barn, pond, and essential utilities.
      13413 Washington St, Santa Fe, TX 77510
      View Details
    • $800,000

      Commercial Land Ready for Development

      Commercial property ready for development with road frontage.
      Fm 1764 Rd, Santa Fe, TX 77510
      View Details

    Similar Nearby for Sale

    • $778,500
      31.14 Acres

      Prime 31-Acre Santa Fe Land

      Texas Ranch/Commercial Opportunity
      11402 Fm 2004 Rd, Santa Fe, TX 77510
      View Details
    • $545,000

      26 Acres of Fenced Land

      26 acres of fenced land with agricultural exemption.
      11700 Fm 2004 Rd, Santa Fe, TX 77510
      View Details
    • $499,900

      Highway 6 Frontage Land

      5.3 acres with 2,300 feet of Highway 6 frontage.
      00 Highway 6, Santa Fe, TX 77510
      View Details
    • $1,493,000

      30-Acre Fenced Agricultural Land

      30-acre fenced agricultural land with frontage on FM646 and Avenue L.
      1320 Avenue L, Santa Fe, TX 77510
      View Details
    • $225,000

      Spacious Land with Barn, Pond

      1.7-acre property with barn, pond, and essential utilities.
      13413 Washington St, Santa Fe, TX 77510
      View Details
    • $800,000

      Commercial Land Ready for Development

      Commercial property ready for development with road frontage.
      Fm 1764 Rd, Santa Fe, TX 77510
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Land Available For Lease

      Land available for lease in Santa Fe, Texas.
      10648 Fm 1764 Rd, Santa Fe, TX 77510
      View Details
    • Contact for pricing
      96,339 SF

      Warpath Avenue Specialty Property

      Specialty property available for rent in Santa Fe, Texas.
      4204-4230 Warpath Ave, Santa Fe, TX 77510
      View Details
    • $14 SF/Yr
      4,950 SF

      Highway 6 Freestanding Building

      Versatile building with retail and warehouse space along Highway 6.
      13207 Highway 6, Santa Fe, TX 77510
      View Details
    • $1.40 SF/Yr
      3,200 SF

      Multi-Purpose Facility on FM 2004

      3,200 SF multi-use property with potential commercial kitchen.
      9302 Fm 2004 Rd, Santa Fe, TX 77510
      View Details
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    6718 Fm 646 Rd
    Santa Fe, TX 77510
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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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