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    Nathan Gann, Lufkin, TX

    License ID: 468063
    Years of Experience
    13
    Association
    Lufkin Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (936) 671-9547
    Office Address:
    2808 S. John Redditt Drive, Lufkin, TX 75904

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    12
    Total transactions
    15
    Total transactions amount
    $5M
    Price range
    $222k - 500k
    Average price
    $333k

    Listings

    For Sale (11)

    View map
    • $30,000
      0.51 Acres

      Residential Lot in Lufkin, TX

      0.51-acre residential lot ready for your dream home.
      220 Cross Timbers St, Lufkin, TX 75904
      View Details
    • $30,000
      0.51 Acres

      Residential Lot in Lufkin, TX

      0.509-acre residential lot ready for building your future home.
      Lot 91-10.1 Ridgewood St, Lufkin, TX 75904
      View Details
    • $599,000
      60.00 Acres

      60 Acres of Prime Land

      60 acres of land, great for development or personal use.
      10111 State Highway 94, Lufkin, TX 75904
      View Details
    • $649,000
      89.50 Acres

      89.5 Acres in Groveton, TX

      89.5 acres of land with ponds and pasture.
      940 Bill Jones Rd, Groveton, TX 75845
      View Details
    • $199,000
      15.00 Acres

      Riverfront Land in Lufkin, TX

      15-acre riverfront property ideal for a home or hobby farm.
      10111 Hwy 94W, Lufkin, TX 75904
      View Details
    • $469,900
      46.00 Acres

      Prime 46-Acre Timber Tract in Corrigan, TX

      Texas Farmland: Build Your Dream!
      371 Fm 1872, Corrigan, TX 75939
      View Details
    • $157,500
      15.00 Acres

      East Texas 15-Acre Farm Tract

      Prime Hunting & Homestead Land
      1465 Us Highway 287, Groveton, TX 75845
      View Details
    • $1,136,500
      19,933 SF

      Lufkin Industrial Office Complex

      Versatile 19,933 SF Industrial/Office Space
      1208 Chestnut St, Lufkin, TX 75901
      View Details
    • $150,000
      5,800 SF

      Battleground Port: Industrial Land Lease

      Houston Ship Channel industrial land, ±147.5 acres, divisible.
      4000 Ellen Trout Dr, Lufkin, TX 75904
      View Details
    • $92,500
      1.72 Acres

      Lufkin Land: Build Your Dream Home

      1.72 Acres, City Utilities, Prime Location
      121 Yaupon Ct, Lufkin, TX 75904
      View Details
    • $719,000

      Groveton Land with Ponds

      Nearly 100 acres ideal for home, hunting, or farming.
      940 Bill Jones Rd, Groveton, TX 75845
      View Details

    For Lease (1)

    View map
    • $41 SF/Yr
      4,160 SF

      Prime Diboll Medical Office Space

      4,160 SF Medical Office - Available Now
      202 Temple Dr, Diboll, TX 75941
      View Details

    Leases and Sales on Map

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    • For Lease

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    Nathan Gann, Lufkin, 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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