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    Brokers
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    • Brokers

    Michelle Foster, Alpine, TX

    License ID: 0582699
    Years of Experience
    15
    Association
    Odessa Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (432) 294-0245
    Office Address:
    2100 W. Highway 90, Alpine, TX

    Property Types

    • Commercial Sale
    • Land
    • Residential
    • Residential Multi Family

    Performance

    Listings
    22
    Price range
    $50k - 749k
    Average price
    $400k

    Listings

    For Sale (22)

    View map
    • $319,000
      3,000 SF

      Commercial Property on Holland Avenue

      Spacious commercial property with offices, conference room, and parking.
      712 Holland Ave, Alpine, TX 79830
      View Details
    • $225,000
      22.04 Acres

      Ready Land in Alpine, TX

      22.04 acres with well, septic, and electricity ready.
      71 High Lonesome Dr, Alpine, TX 79830
      View Details
    • $379,900
      5,742 SF

      Fort Davis Mixed-Use Opportunity

      Commercial/residential property near Fort Davis National Historical Site.
      301 E Cavalry Rd, Fort Davis, TX 79734
      View Details
    • $109,000
      0.62 Acres

      Residential Lot in Alpine, TX

      0.6-acre lot ideal for building a dream home.
      1405 N 6Th St, Alpine, TX 79830
      View Details
    • $320,000
      0.14 Acres

      Commercial Lot in Downtown Alpine

      High-visibility commercial corner lot in vibrant downtown Alpine.
      101 E Holland Ave, Alpine, TX 79830
      View Details
    • $75,020
      10.89 Acres

      Land in Established Alpine Subdivision

      10+ acre tracts with utilities and views near Alpine.
      37 Via Hatch Canyon Rd, Alpine, TX 79830
      View Details
    • $75,020
      11.62 Acres

      Land Tract in Alpine, TX

      Established subdivision with acreage and views near Alpine.
      39 Calle Limpia, Alpine, TX 79830
      View Details
    • $79,860
      12.48 Acres

      Land in Established Alpine Subdivision

      12.48 acre land with utilities and views near Alpine.
      28 Kimball Ln, Alpine, TX 79830
      View Details
    • $95,920
      15.82 Acres

      Land in Alpine, Texas

      Land for sale in established Alpine subdivision with utilities.
      34 Sendero Horse Thief Rd, Alpine, TX 79830
      View Details
    • $70,620
      10.87 Acres

      Land for Sale in Alpine

      10+ acre tracts with utilities and views near Alpine.
      23 Sendero Horse Thief Rd, Alpine, TX 79830
      View Details
    • $78,650
      10.70 Acres

      Land Tracts in Alpine, TX

      Established subdivision with 10+ acre tracts available.
      118 Trl 41 Hwy, Alpine, TX 79830
      View Details
    • $81,070
      11.65 Acres

      Land in Established Alpine Subdivision

      Large tracts of land with utilities and views.
      40 Calle Limpia, Alpine, TX 79830
      View Details
    • $76,230
      10.30 Acres

      Land Tract in Alpine, TX

      10+ acre land tracts with utilities and views.
      118 Trl 46 Hwy, Alpine, TX 79830
      View Details
    • $72,600
      11.10 Acres

      Land For Sale in Alpine

      Large land tracts available in established Alpine subdivision.
      44 Calle Limpia, Alpine, TX 79830
      View Details
    • $88,330
      13.27 Acres

      Land Tract in Alpine, TX

      13+ acre land tracts with utilities and views.
      49 Via Hatch Canyon Rd, Alpine, TX 79830
      View Details
    • $95,590
      14.35 Acres

      Land For Sale in Alpine

      Land with great building sites and 360 degree views.
      47 Via Hatch Canyon Rd, Alpine, TX 79830
      View Details
    • $90,000
      0.49 Acres

      Land in Marathon, Texas

      0.49-acre lot with mountain views and no zoning.
      408 NE 8 St, Marathon, TX 79842
      View Details
    • $41,000
      1.00 Acre

      Alpine Country Club Estates Land

      One-acre lot with Davis Mountains views in Alpine, Texas.
      2001 Longbranch, Alpine, TX 79830
      View Details
    • $339,000
      4,185 SF

      Downtown Alpine Mixed-Use Property

      Renovated mixed-use property in historic downtown Alpine, Texas.
      114-116 N 5Th St, Alpine, TX 79830
      View Details
    • $359,000
      2,153 SF

      Alpine Multifamily Investment Opportunity

      Two rental properties on a corner lot, generating $3000/month.
      1002 N 10Th St, Alpine, TX 79830
      View Details
    • $73,140
      12.19 Acres

      Alpine, TX Land For Sale

      12.19-acre tract in McElroy Ranch subdivision.
      31 Kimball Ln, Alpine, TX 79830
      View Details
    • $94,900
      15.83 Acres

      Alpine, TX Land For Sale

      15.83-acre tract perfect for building in McElroy Ranch.
      33 Kimball Ln, Alpine, TX 79830
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Michelle Foster, Alpine, TX
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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.

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    Michelle Foster, Alpine, TX
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