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    For Sale (16)

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    Lakeside Land with Lake Access
    $350,000
    7.57 Acres

    Lakeside Land with Lake Access

    7.57 acres of wooded land with lake and pond access.

    N Ridge Dr, Waco, TX 76710
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    65 Acres Developable Land McGregor
    $1,214,710
    65.66 Acres

    65 Acres Developable Land McGregor

    65 +/- acres of developable land in McGregor, Texas.

    Tbd Cotton Belt Pkwy, McGregor, TX 76657
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    Residential Lot in Gated Community
    $125,000
    0.50 Acres

    Residential Lot in Gated Community

    0.51-acre corner lot in gated China Spring neighborhood.

    1027 Dominion Oaks Dr, China Spring, TX 76633
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    Residential Land in Cotton Belt
    $135,900
    0.41 Acres

    Residential Land in Cotton Belt

    Unimproved land in a new community with walking trails.

    Tbd Depot Cir, McGregor, TX 76657
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    Residential Land in Cotton Belt
    $135,900
    0.41 Acres

    Residential Land in Cotton Belt

    Unimproved land in new community with no HOA restrictions.

    Tbd Rail Head Rd, McGregor, TX 76657
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    Residential Land in Cotton Belt
    $138,900
    0.44 Acres

    Residential Land in Cotton Belt

    Unimproved land in a new community with walking trails.

    Tbd Cotton Belt Dr, McGregor, TX 76657
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    Residential Land in Cotton Belt
    $138,900
    0.44 Acres

    Residential Land in Cotton Belt

    New community with spacious lots and no HOA restrictions.

    Tbd Whistle Stop Rd, McGregor, TX 76657
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    Residential Land in New Community
    $138,900
    0.44 Acres

    Residential Land in New Community

    Unimproved land in McGregor, TX, with no HOA restrictions.

    Tbd Gandy Dancer Rd, McGregor, TX 76657
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    Residential Land in McGregor, Texas
    $149,900
    0.55 Acres

    Residential Land in McGregor, Texas

    Unimproved land for sale in a new McGregor community.

    Tbd Bending Rail Rd, McGregor, TX 76657
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    Residential Land in China Spring
    $79,000
    1.59 Acres

    Residential Land in China Spring

    1.587-acre tract in China Spring ISD, perfect for building.

    Tbd Lonesome Dove, China Spring, TX 76633
    View details
    Woodway Land with River Frontage
    $1,200,000
    31.00 Acres

    Woodway Land with River Frontage

    31 acres of land with extensive river and road frontage.

    3692 Speegleville Rd, Woodway, TX 76712
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    120 Acres Development Opportunity, McGregor
    $2,220,000
    120.00 Acres

    120 Acres Development Opportunity, McGregor

    120 acres of unimproved land ideal for development.

    Tbd Cottonbelt Pkwy, McGregor, TX 76657
    View details
    Prime Land Along I-35 Corridor
    $1,167,000
    4.87 Acres

    Prime Land Along I-35 Corridor

    Strategically located land with high visibility and accessibility on I-35.

    S Ih 35, Lacy Lakeview, TX 76640
    View details
    Texas Land with Creek Frontage
    $826,000
    62.67 Acres

    Texas Land with Creek Frontage

    63-acre property with creek, well, and agricultural exemption.

    4616 Fm 929, Gatesville, TX 76528
    View details
    Improved Land - Woodway, TX
    $175,000
    0.32 Acres

    Improved Land - Woodway, TX

    Residential land & home lots • 0.32 Acres

    1 Covington Dr, Woodway, TX 76712
    View details
    Land Available in Coryell County
    $876,000

    Land Available in Coryell County

    Land for sale located off FM 929 in Texas.

    4616 Fm 929, Gatesville, TX 76528
    View details

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    Camille Johnson
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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
    Camille Johnson
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