Add Listing
    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

    11 County Road 173 Marlin, TX 76661

    View on Map
    Sponsored
    For Sale
    $65,900

    Unimproved Land - Marlin, TX

    Type:Unimproved Land
    Lot size:
    2.92 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 5 at 11:06 am

    Property Features for 11 County Road 173

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    TBD
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    2.92 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Shellberg

    Keller Williams Realty (512) 255-5050

    Listing agent Ryan Shellberg (512) 341-2310 License #0818220

    Listing date Feb 25, 2026

    MLS# 21183453 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

    Unrestricted Land Near Marlin, TX

    This 2.916-acre tract of unimproved land is located near Legion Field (Marlin ISD Stadium), less than a mile from Walmart and Marlin High School, and offers unrestricted use. The property is situated approximately 25 minutes from Waco and 35 minutes from Temple, with convenient access to both Highway 6 and Highway 7. The land features mature trees, and some lots have pond access or existing improvements. It is suited for a weekend getaway, a homestead, or investment purposes. Photos for this listing are representative of the entire 30-acre site and not of the specific lot listed for sale. Boundary lines shown are approximate. Seller financing is offered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Pharmacy Auto Parts Store Grocery & Convenience Store Storage Facility Furniture & Home Goods Electrical Service Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlin
    County
    Falls
    State
    Texas
    Longitude
    -96.85955581
    Latitude
    31.30998903

    Nearby Similar for Sale

    • $329,000
      0.13 Acres

      Renovated Downtown Building in Marlin

      Completely renovated downtown building suitable for any business.
      138 Live Oak St, Marlin, TX 76661
      View Details
    • $775,000
      2,130 SF

      Marlin, TX Farm/Ranch Property

      Remodeled 3-bedroom home on 39+ acres near Waco.
      5485 State Highway 7, Marlin, TX 76661
      View Details
    • $165,000
      0.13 Acres

      Marlin Retail Storefront Opportunity

      Two retail spaces in Marlin, TX. Owner-occupied, ready for newowner.
      232 Live Oak St, Marlin, TX 76661
      View Details
    • $215,000
      0.33 Acres

      Multifamily Property with Income Potential

      Spacious home with two income-producing apartments in Marlin, Texas.
      322 Capps St, Marlin, TX 76661
      View Details
    • $280,000
      22.37 Acres

      Marlin, TX Improved Land

      22.37 acres of improved land near Waco and Marlin, TX.
      10a Cr 137, Marlin, TX 76661
      View Details
    • $205,000
      12.37 Acres

      Marlin, TX Acreage Opportunity

      Two parcels of land totaling 12.37 acres near town.
      101 County Rd 101, Marlin, TX 76661
      View Details
    • $5,195,686
      753.00 Acres

      Expansive Cattle Ranch in Marlin, TX

      752-acre cattle ranch with ponds and excellent accessibility.
      223 Cr 229, Marlin, TX 76661
      View Details
    • $78,000
      0.29 Acres

      Commercial Building on Business Hwy

      Multifunctional commercial building suitable for small business in Marlin, TX.
      721 N Bus Hwy 6 Hwy, Marlin, TX 76661
      View Details
    • Contact for pricing

      Renovated Downtown Building For Sale

      Completely renovated downtown building suitable for any business.
      138 Live Oak 1, Marlin, TX 76661
      View Details
    • $85,000
      2,984 SF

      Marlin Office Building - Hwy 6

      Prime Hwy 6 Office, Daycare Ready
      721 Bus Hwy 6 Hwy, Marlin, TX 76661
      View Details

    FAQs

    What type of property is this?
    Land - 2.916 acres of unrestricted land near Marlin, Texas.
    Where is this land located?
    The property is located at 11 County Road 173 Marlin, TX.
    What is the asking price?
    The asking price for this property is $65,900.
    What are key features of this property?
    This property features: - No Restrictions: Build your dream home, bring your mobile home, or park your RV.; - Seller Financing Offered.; - Convenient Location: Easy access to Waco and Temple via Highway 6 and Highway 7.
    (512) 255-5050
    Request Owner's contact information
    11 County Road 173 Marlin, TX 76661
    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.
    11 County Road 173
    Marlin, TX 76661
    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
    11 County Road 173 Marlin, TX 76661
    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
    Ryan Shellberg
    Real Estate License ID: 0818220
    (512) 255-5050 (512) 341-2310
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!