Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Nolanville Land for Multi-Family Development Title is generated by Realmo AI

    303 N 5th Street, Nolanville, TX 76559

    View on Map
    Claim this Listing
    For Sale
    $999,900

    LAND - Nolanville, TX

    Lot size:
    7.25 Acres
    Added:
    Jan 19, 2024
    Days on Market:
    841
    Last Refresh:
    May 9 at 9:06 am

    Property Features for 303 N 5th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    49817
    Lot size
    7.25 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    A0897BC J P WOOD, TWIN OAKS II MOBILE HOME PARK, ACRES 7.247
    Tax Annual Amount
    8099

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Melissa Reyes

    Listing agent Melissa Reyes License #0588575

    Listing office Redbird Realty LLC 14975 IH 35N, TX

    Listing date Jan 19, 2024

    MLS# 531607 Listing URL

    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.

    HighLights

    • 7.25 acres of land suitable for multi‑family development.
    • Prime real estate in a sought‑after location.
    • Lucrative opportunity for investors and developers.
    • Ideal for crafting modern, high‑density living spaces.
    • Potential for diverse architectural designs.
    • Public water and sewer connections available.

    Overview

    This 7.25-acre property in Nolanville, Texas, presents an opportunity for multi-family development. The expansive land is suitable for constructing modern, high-density living spaces. Its size and location offer potential for diverse architectural designs, appealing to investors and developers interested in creating a community hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Nolanville
    County
    Bell
    State
    Texas
    Longitude
    -97.608716
    Latitude
    31.080941

    Nearby Similar for Sale

    • $950,000

      Nolanville Commercial Development Site

      2-acre commercial site with high visibility and accessibility.
      9999 Hwy 190, Nolanville, TX 76559
      View Details
    • $950,000

      Prime Commercial Land I-14 Corridor

      2-acre commercial tract with high visibility and access.
      9999 HWY 190, Nolanville, TX 76559
      View Details
    • $734,422

      Commercial Land in Nolanville, TX

      3.372 acres of commercial land for development in Nolanville.
      Old Nolanville Road, Nolanville, TX 76559
      View Details
    • $299,900
      2,252 SF

      Nolanville Duplex: Investment Opportunity

      Well-located duplex with strong rental potential near shopping and dining.
      400 Topeka Court, Nolanville, TX 76559
      View Details
    • $950,000

      Prime Commercial Development Site

      Two-acre commercial site with high visibility and accessibility.
      9999 Hwy 190, Nolanville, TX 76559
      View Details
    • $499,900

      Nolanville Light Industrial Development Tract

      12.44-acre light industrial development tract off Interstate 14.
      Jackrabbit Road, Nolanville, TX 76513
      View Details
    • $259,000
      86,510 SF

      Nolanville Commercial Land For Sale

      1.986 acre commercial land with high visibility.
      1986 W Avenue H, Nolanville, TX 76559
      View Details
    • $734,422

      Commercial Land For Sale

      3.372 acres of commercial land for development.
      00 Old Nolanville Rd, Nolanville, TX 76559
      View Details
    • $549,000
      960 SF

      Commercial Land in Nolanville, TX

      Commercial land for sale with growth potential in Nolanville.
      640 Fm-439-Spur, Nolanville, TX 76559
      View Details
    • $549,000

      Nolanville Land for Commercial Use

      2.5 acres near FM439, ideal for development or business.
      640 Fm-439-Spur, Nolanville, TX 76559
      View Details
    • $999,900
      1,328 SF

      Nolanville Mobile Home Park

      Mobile home park on 11+ acres with 57 spots.
      709 W Avenue G, Nolanville, TX 76559
      View Details
    • $999,900

      Mobile Home Park For Sale

      Mobile home park with 57 spots on over 11 acres.
      W Avenue G Unit 709, Nolanville, TX 76559
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 7.25 acres of land ideal for multi-family development.
    Where is this residential land & home lot located?
    The property is located at 303 N 5th Street Nolanville, TX.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: 7.25 acres of land suitable for multi‑family development.; Prime real estate in a sought‑after location.; Lucrative opportunity for investors and developers.
    (254) 415-1184
    We can help!
    Listing Contact
    Melissa Reyes
    Real Estate License ID: 0588575
    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
    303 N 5th Street, Nolanville, TX 76559
    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!