




$28,480
NAL Estimated Property ValueFm 787, Cleveland, TX, 77327
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About this property
Discover the perfect 5-acre lot to build your dream home or establish a thriving commercial property! Located just 10 minutes away from Downtown Cleveland, this prime piece of real estate offers convenience and potential. The main entrance is right on FM 787 with no traffic, ensuring easy access. Plus, rest assured knowing the lot is NOT in a flood zone. With a lot of development in the area, this property promises growth and equity gains for the next owner. Don't miss out on this fantastic opportunity!
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Cleveland
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