Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot in Falfurrias, TX Title is generated by Realmo AI

    1701 S HWY. 281, Falfurrias, TX 78355

    View on Map
    Claim this Listing
    For Sale
    $159,000

    LAND - Falfurrias, TX

    Lot size:
    1.21 Acres
    Added:
    Aug 30, 2021
    Days on Market:
    1740
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 1701 S HWY. 281

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7053
    Lot size
    1.21 Acres

    Taxes and HOA fees

    Tax Description
    PT 6 19 F F & G T N PT OF 11.71 AC TR DBA-FALFURRIAS DRIVE-IN RESTAURANT, INC

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Cynthia Carrasco
    Cynthia Carrasco

    Listing agent Cynthia Carrasco License #0476491

    Listing office CC Realty Group, LLC 1210 Oregon St, Alice, TX

    Listing date Aug 30, 2021

    MLS# 387814 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial lot off an access road off S. Hwy. 281 in Falfurrias, TX
    • Water source: public

    Overview

    This 1.21-acre commercial lot is located off the access road of S. Hwy. 281 in Falfurrias, Texas. The property is intended for commercial use and may be suitable for starting a business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Falfurrias
    County
    Brooks
    State
    Texas
    Longitude
    -98.14174
    Latitude
    27.210657

    Nearby Similar for Sale

    • $349,000
      8,694 SF

      Versatile Commercial Property with Event Center

      Commercial property featuring an event center and office spaces.
      1101 S St. Marys, Falfurrias, TX 78355
      View Details
    • $99,000
      448 SF

      Turnkey Commercial Building in Falfurrias

      Charming, fully equipped commercial property in the heart of Falfurrias.
      100 E Huisache Street, Falfurrias, TX 78355
      View Details
    • $249,000

      Prime Corner Lot on Highway

      High-visibility 4-acre corner lot near Interstate 69C.
      US Highway 281, Falfurrias, TX 78355
      View Details
    • $175,000
      3,480 SF

      Falfurrias Commercial Lot For Sale

      Commercial lot suitable for automotive or storage business.
      1204 S Hwy 281 Bus, Falfurrias, TX 78355
      View Details
    • $85,000
      14,000 SF

      Falfurrias Commercial Lot Opportunity

      Commercial lots in Falfurrias with frontage road exposure.
      318 East Noble Street, Falfurrias, TX 78355
      View Details
    • $150,000

      South Texas Land Parcel

      19.45 acres near Falfurrias, ideal for homesite or camping.
      County Road 408 lot: 7 & 8, Falfurrias, TX 78355
      View Details
    • $1,999,999
      2,100 SF

      Functional Ranch near Highway 281

      272-acre South Texas ranch suitable for ranching, hunting, or development.
      #694 US-281 Highway lot: 694, Falfurrias, TX 78355
      View Details
    • $300,000
      4,368 SF

      Restaurant and Retail Opportunity

      Commercial retail property with restaurant and meat market.
      612 US 281, Falfurrias, TX
      View Details
    • $650,000

      65 Acres of Texas Land

      65 acres near US 281, close to Falfurrias, TX.
      1319 E Travis Street lot: Pt 3 4, Falfurrias, TX 78355
      View Details
    • $45,000
      1,992 SF

      Retail Property in Falfurrias, TX

      Retail property featuring 1992 square feet of space on 0.24 acres.
      601 S Chester Street, Falfurrias, TX 78355
      View Details
    • $99,000
      480 SF

      Prime Land Near Highway 281

      Almost 1 acre in Falfurrias, ideal for commercial or residential.
      711 E Rice Street lot: 13-14, Falfurrias, TX 78355
      View Details
    • $20,000

      Falfurrias Corner Lot Opportunity

      Prime corner lot to build your dream home in Falfurrias.
      702 S Gardner Street lot: 1-2, Falfurrias, TX 78355
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available off S. Hwy. 281 in Falfurrias, TX.
    Where is this commercial land located?
    The property is located at 1701 S HWY. 281 Falfurrias, TX.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Commercial lot off an access road off S. Hwy. 281 in Falfurrias, TX; Water source: public
    (361) 227-5353
    We can help!
    Listing Contact
    Cynthia Carrasco
    Cynthia Carrasco
    Real Estate License ID: 0476491
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1701 S HWY. 281, Falfurrias, TX 78355
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!