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    212 S Tammye Ln Madisonville, TX 77864

    Sponsored
    For Sale
    $289,000

    COMMERCIAL - Madisonville, TX

    Type:Office
    Property size:
    750 SF
    Lot size:
    0.75 Acres
    Days on Market:
    113
    Last Refresh:
    Mar 4 at 11:06 pm

    Property Features for 212 S Tammye Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Madison
    APN
    212 & 210 Tammye 303
    Size
    750 SF
    Lot size
    0.75 Acres

    Building Details

    Year built
    1987
    Roof type
    Metal

    We can help!

    Listing Contact
    Zulma Cuevas
    Zulma Cuevas

    DBL Real Estate (936) 348-8388

    Listing agent Zulma Cuevas (936) 349-6494

    Listing date Nov 12, 2025

    MLS# 25009755

    Copyright © 2026 Bryan-College Station Regional MLS. 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

    Versatile Commercial Property in Madisonville

    Located in Madisonville city limits, this corner lot property offers a range of possibilities for business or residential use. Situated on approximately 0.75 acres, the property includes a 750 square foot brick efficiency apartment with two rooms, a kitchenette, and a half bathroom. Additionally, there is a 1000 square foot air-conditioned metal storage building with power, water, and a half bathroom, along with a separate 16'x32' portable building with electricity. Outdoor features include two portable carports and cyclone fencing around the yard. The property was previously used as an office and warehouse. The location provides quick access to Highway 21 and is within minutes of Interstate 45, the Dallas to Houston Corridor, and approximately one hour from Bryan/College Station. The property is comprised of two lots, offering the option to renovate the existing apartment or construct a new home. Intended use should be verified with the city as zoning applies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Department Store Kitchen & Bath Showroom HVAC Service Electrical Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Madison
    State
    Texas
    Longitude
    -95.917946
    Latitude
    30.967167

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartment, storage, and development potential.
    Where is this mixed-use property located?
    The property is located at 212 S Tammye Ln Madisonville, TX.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - Corner lot within Madisonville city limits, offering potential for home or business use (buyer to verify zoning).; - Includes a **750 SF brick efficiency apartment** with kitchenette and half bathroom.; - Features a **1000 SF air-conditioned metal storage building** with power, water, and a half bathroom.
    (936) 349-6494
    Request Owner's contact information
    212 S Tammye Ln Madisonville, TX 77864
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    Madisonville, TX 77864
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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.

    More about this property
    212 S Tammye Ln Madisonville, TX 77864
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    We can help!
    Listing Contact
    Zulma Cuevas
    Zulma Cuevas
    Real Estate License ID: 0693167
    (936) 349-6494 (936) 348-9977 (936) 348-8388
    Learn more
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