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2905 Fm-646
About This Property
Don't miss this exceptional investment opportunity! Located on a generous 0.8232-acre corner lot at FM 646 and Arizona Avenue, this highly visible property offers outstanding potential for a wide range of commercial or residential developments.
Its strategic location provides excellent access, just minutes from I-45 South, State Highway 3, and State Highway 146. Positioned along FM 646 and Highway 3, both heavily traveled corridors, this site delivers maximum exposure and traffic flow, making it ideal for businesses seeking strong visibility.
Perfect for retail, office, restaurant, or mixed-use development, this versatile property is well-suited to capitalize on Dickinson's continued growth and demand.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 12, 2026 | Listed by Berkshire Hathaway HomeServices Premier Properties | $250,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
| Jul 4, 2025 | Price Decreased |
$250,000
↓ $50K
(16.7%) | |
| Price Decreased | |||
| Apr 10, 2025 | Listed | $300,000 | |
| Listed | |||
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Prime Residential/Commercial Vacant Property in the Heart of Dickinson, Texas.
Don’t miss this outstanding investment opportunity! Situated on a spacious 0.8232-acre corner lot at FM 646 and Arizona Avenue, this property offers exceptional potential for a variety of commercial or residential developments. Its strategic location provides excellent visibility and easy access, just minutes from I-45 South, State Highway 3, and State Highway 146.
With FM 646 and State Highway 3 being heavily traveled thoroughfares, this site is ideal for businesses that benefit from high traffic and maximum exposure. Whether you're looking to establish a retail space, office, restaurant, or other commercial venture, this versatile property is ready to meet your needs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017