Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    105 W 4Th St Keene, TX 76059

    Sponsored
    For Sale
    $475,000

    Unimproved Land - Keene, TX

    Type:Unimproved Land
    Lot size:
    2.03 Acres
    Days on Market:
    75
    Last Refresh:
    Jan 25 at 5:06 pm

    Property Features for 105 W 4Th St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    126366001010
    Lot size
    2.03 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Smith
    Michael Smith

    Texas Ally Real Estate Group (512) 763-2559

    Listing agent Michael Smith (214) 554-1527 License #0635303

    Listing date Nov 12, 2025

    MLS# 21068698 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Keene, TX Unimproved Land

    This 2.026-acre corner lot is located at the southwest corner of 4th Street and College Drive in Keene, TX. Situated within Keene city limits, the property offers zoning flexibility and has city-approved plans for a 32-unit apartment complex. Full engineering plans for the 32 units are available. The site benefits from its location, with approximately 240 feet of frontage on W 4th St and approximately 360 feet of frontage on S College Dr. All city utilities are available. The property is positioned for apartment, mixed-use, townhome, or single-family development. The location is within walking distance of Southwestern Adventist University and Keene ISD. The city of Keene is experiencing a growth rate of over 2% per year and has grown over 11% since 2020. Notable residential projects in the area include communities like Ashton Homeplace by Lennar, The Canyons by D.R. Horton, Sunset Ridge by D.R. Horton, Bristol Oaks by John Houston Homes, Greenbriar Meadows, and Heritage Oaks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Keene
    County
    Johnson
    State
    Texas
    Longitude
    -97.32702
    Latitude
    32.391149

    Nearby Similar for Sale

    • $295,000
      0.26 Acres

      Highway Frontage Business Location

      Unique property with highway frontage, ideal for various business ventures.
      212 E 67 Hwy, Keene, TX 76059
      View Details
    • $295,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage suitable for various business uses.
      212 E 67 Hwy, Keene, TX 76059
      View Details
    • $265,000
      1,520 SF

      Highway 67 Keene Commercial Property

      Versatile Keene commercial space, high visibility.
      212 67 Hwy, Keene, TX 76059
      View Details
    • $1,500,000
      11,500 SF

      Highway 67 Industrial Property

      Keene, TX: 11,500 SF Industrial, 2.25 Acres
      4230 Highway 67, Keene, TX 76031
      View Details
    • $479,000
      3.77 Acres

      High-Visibility Keene Commercial Land

      Prime 3.77-acre commercial lot, high traffic count.
      3515 Highway 67, Keene, TX 76031
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.026-acre corner lot suitable for various development projects.
    Where is this commercial land located?
    The property is located at 105 W 4Th St Keene, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - City-approved plans for a **32-unit apartment complex (56 bedrooms) included**, saving time and money.; - Flexible zoning allows for apartments, mixed-use, townhomes, or single-family development.; - **Prime 2.026-acre corner lot** in the heart of Keene, TX, with high-visibility frontage on W 4th St and S College Dr.
    (214) 554-1527
    Request Owner's contact information
    105 W 4Th St Keene, TX 76059
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105 W 4Th St
    Keene, TX 76059
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    105 W 4Th St Keene, TX 76059
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Smith
    Michael Smith
    Real Estate License ID: 0635303
    (214) 554-1527
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.