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

    1223 Ritter St, Unit 12 Copperas Cove, TX 76522

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Copperas Cove, TX

    Lot size:
    0.35 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 29 at 3:06 am

    Property Features for 1223 Ritter St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    122708
    Lot size
    0.35 Acres

    We can help!

    Listing Contact
    Lisandra Rozzi

    Paradise Realty

    Listing agent Lisandra Rozzi License #0460524

    Listing date Mar 20, 2026

    MLS# 592912

    Copyright © 2026 Central Texas Multiple Listing Service. 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

    Residential Lot in Copperas Cove

    This residential lot, located in Copperas Cove, Texas, is within the city limits. The lot size is 0.3536 acres. According to information provided by the owner, the city has been contacted regarding the availability of city water and sewer services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Copperas Cove
    County
    Coryell
    State
    Texas
    Longitude
    -97.91008
    Latitude
    31.106132

    Nearby Similar for Sale

    • $575,000
      6,540 SF

      Commercial Investment Property in Copperas Cove

      Partially rented commercial complex on the main thoroughfare.
      2210 E Business 190, Copperas Cove, TX 76522
      View Details
    • $399,999
      2,500 SF

      Copperas Cove Retail/Automotive Property

      Retail or automotive property in Copperas Cove, Texas for sale.
      983 Cline Dr, Copperas Cove, TX 76522
      View Details
    • $148,900
      4,992 SF

      Historic Mixed-Use Building in Copperas Cove

      Two-story, 4,900+ sq ft building with adaptive-reuse potential.
      217 S Main St, Copperas Cove, TX 76522
      View Details
    • $389,900
      3,600 SF

      Four-Unit Multifamily Investment Opportunity

      Four-unit property in Copperas Cove with individual HVAC systems.
      4204 Primrose Dr, Copperas Cove, TX 76522
      View Details
    • New
      $344,999
      2,566 SF

      Copperas Cove Duplex Investment Opportunity

      Income-generating duplex in Copperas Cove, near Fort Cavazos.
      917 Brookview Dr, Copperas Cove, TX 76522
      View Details
    • $399,999
      2,500 SF

      Contemporary Duplex in Copperas Cove

      Stylish duplex near schools and Ft Hood, ideal for families.
      977 Cline Dr, Copperas Cove, TX 76522
      View Details
    • $389,900
      2,970 SF

      Copperas Cove Duplex: Modern Living

      Well-balanced 2018 duplex with pre-inspection and buyer warranty.
      409 Allen St, Copperas Cove, TX 76522
      View Details
    • $300,000
      2,570 SF

      Spacious Duplex in Copperas Cove

      Two-story duplex near Fort Hood with strong rental appeal.
      3111 Yaupon Rd, Copperas Cove, TX 76522
      View Details
    • $399,000
      2,400 SF

      Copperas Cove Fourplex Investment Opportunity

      Four-unit multifamily property near Fort Cavazos, ideal for investors.
      905-911 S 17Th St, Copperas Cove, TX 76522
      View Details
    • $165,000
      2,940 SF

      Downtown Copperas Cove Retail Building

      Retail building with tenant, multiple use potential in Copperas Cove.
      210-212 Avenue W, Copperas Cove, TX 76522
      View Details
    • $335,000
      1,351 SF

      Restaurant Building in Copperas Cove

      Commercial building used as a restaurant on a large lot.
      308 Avenue D E, Copperas Cove, TX 76522
      View Details
    • $595,000
      4,032 SF

      Copperas Cove Multifamily Investment Opportunity

      Well-maintained 6-plex with updated flooring and covered parking.
      905 N Main St, Copperas Cove, TX 76522
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot within city limits, water and sewer available.
    Where is this residential land & home lot located?
    The property is located at 1223 Ritter St, Unit 12 Copperas Cove, TX.
    What is the asking price?
    The asking price for this property is $29,000.
    What are key features of this property?
    This property features: - Residential lot within city limits; - Owner has inquired about city water and sewer availability; - Email documentation regarding city water and sewer inquiry available
    (254) 371-6086
    Request Owner's contact information
    1223 Ritter St, Unit 12 Copperas Cove, TX 76522
    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.
    1223 Ritter St, Unit 12
    Copperas Cove, TX 76522
    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
    1223 Ritter St, Unit 12 Copperas Cove, TX 76522
    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
    Lisandra Rozzi
    Real Estate License ID: 0460524
    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!