Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale in Axtell Title is generated by Realmo AI

    TRACT 3 TBD Hwy 84, Axtell, TX 76624

    View on Map
    Claim this Listing
    For Sale
    $219,000

    LAND - Axtell, TX

    Lot size:
    8.50 Acres
    Added:
    May 14, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for TRACT 3 TBD Hwy 84

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    8.50 Acres

    Taxes and HOA fees

    Tax Description
    TRACT 3 Approx. 8.5 acres out of TOMAS DE LA VEGA

    We can help!

    Listing Contact
    Michael Taylor

    Listing agent Michael Taylor License #0486296

    Listing office Kelly, Realtors Waco, TX

    Listing date May 14, 2026

    MLS# 21190696 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.

    HighLights

    • Approximately 8.5 acres of land.
    • Tract sizes are negotiable.
    • Road frontage on Hwy 84.
    • Driveways have been added.
    • Fenced property.
    • Exterior fence.

    Overview

    This property features approximately 8.5 acres of unimproved land. The tract sizes are negotiable. It has road frontage on Hwy 84, and driveways have been added. The property is located in Axtell, TX.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Axtell
    County
    McLennan
    State
    Texas
    Longitude
    -96.99304379
    Latitude
    31.63323844

    Nearby Similar for Sale

    • $399,900
      1,050 SF

      Three-Unit Multi-Family Home

      Three separate living spaces on one property provide flexible living or investment options with multiple parking and storage areas.
      112 Woodlake Lane, Axtell, TX 76624
      View Details
    • $175,000

      Commercial Property with Highway Frontage

      Versatile, commercially zoned property on SH-31 with strong visibility and access for multiple business and redevelopment concepts.
      1469 Highway 31, Axtell, TX 76624
      View Details
    • $1,975,000

      Highly Improved Ranch with Private Lake

      A turnkey ranch setup with a private stocked lake, heated-and-cooled barndominium, and extensive pastures and improvements.
      3096 Happy Swaner Lane, Axtell, TX 76624
      View Details
    • $249,999

      Unrestricted Corner Commercial Land

      Unrestricted corner tract on a main thoroughfare, offering flexibility for business, shop build-out, or future development.
      1317 Longhorn Parkway, Axtell, TX 76624
      View Details
    • $199,500

      Commercial Lot with Metal Building

      A highly visible commercial lot right off the highway, featuring a 30-by-60 metal building for flexible redevelopment.
      Hwy 84, Axtell, TX 76624
      View Details
    • $893,917

      Fenced Recreational Agricultural Acreage

      Fully fenced 85-acre tract with water service and power, featuring an island area accessed by a metal breezeway.
      9784 County Line S, Axtell, TX 76624
      View Details
    • $706,800

      Ranch Land with Stocked Pond

      Ranchland with open pasture and a stocked pond for fishing, hunting, and country recreation in McLennan County.
      682 W Somers Lane, Axtell, TX 76624
      View Details
    • $249,999

      Unrestricted Commercial Land Opportunity

      Unrestricted land in Axtell with strong visibility and flexible development options for commercial, investment, or future projects.
      E Old Axtell Road, Axtell, TX 76624
      View Details
    • $650,000

      Rolling Acreage with Stock Pond

      Undeveloped rolling land with a stock pond and creek frontage, well suited for hunting, recreation, or a custom home site.
      Kirkland Hill Road, Axtell, TX 76624
      View Details
    • $142,000

      Acreage with Stock Tank

      10.3-acre tract with paved road frontage, mature trees, and a stock tank in Axtell ISD.
      TBD1 OLD AXTELL Road, Axtell, TX 76624
      View Details
    • $189,500

      Axtell, TX Land with Utilities

      5.5 acres in Axtell ISD with utilities and storage shed.
      1430 Bays Road, Axtell, TX 76624
      View Details
    • $299,000

      Rural Acreage for Custom Build

      Spacious 14.659-acre tract in Axtell, TX offering privacy and flexibility for a home, ranch, or investment plans.
      Happy Swaner Lane, Axtell, TX 76624
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.5 acres of unimproved land with road frontage.
    Where is this commercial land located?
    The property is located at TRACT 3 TBD Hwy 84 Axtell, TX.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: Approximately 8.5 acres of land.; Tract sizes are negotiable.; Road frontage on Hwy 84.
    (254) 741-1500
    We can help!
    Listing Contact
    Michael Taylor
    Real Estate License ID: 0486296
    Learn More
    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
    TRACT 3 TBD Hwy 84, Axtell, TX 76624
    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!