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

    322 Falls Street Marlin, TX 76661

    View on Map
    Claim this Listing
    Picture of Commercial land at 322 Falls Street, Marlin, TX
    For Sale
    $75,500

    Unimproved Land - Marlin, TX

    Type:Unimproved Land
    Lot size:
    1.84 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 24 at 11:06 pm

    Property Features for 322 Falls Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    39368
    Lot size
    1.84 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Misael Castillo

    Listing agent Misael Castillo License #0772519

    Listing office Coldwell Banker Apex, REALTORS 500 N Valley Mills Drive, Waco, TX

    Listing date Feb 9, 2026

    MLS# 228229 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.

    Overview

    Marlin, TX Undeveloped Land

    This is an opportunity to own two adjacent undeveloped lots situated in a location that is approximately five minutes from Highway 6. The lots offer possibilities for investors or for building. Local businesses, dining options, and essential services are within walking distance, combining convenience with growth potential. The combined lot size is 1.844 acres and is located in Marlin, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlin
    County
    Falls
    State
    Texas
    Longitude
    -96.898068
    Latitude
    31.304642

    Nearby Similar for Sale

    • $265,000

      Renovated Downtown Building in Marlin

      Completely renovated downtown building suitable for any type of business.
      138 Live Oak, Marlin, TX 76661
      View Details
    • $125,000

      Prime Commercial Land in Marlin, TX

      1.1-acre lot in high-visibility location with utilities available.
      1428 Park Street, Marlin, TX 76661
      View Details
    • $165,000

      Marlin Retail Storefront with Financing

      Two commercial suites in Marlin, TX with seller financing.
      232 Live Oak Street, Marlin, TX 76661
      View Details
    • $759,900
      2,130 SF

      Marlin Farm/Ranch with Remodeled Home

      Remodeled 3-bedroom home on 39+ acres near Waco.
      5485 State Highway 7, Marlin, TX 76661
      View Details
    • $250,000

      Turnkey Restaurant Opportunity in Marlin

      Fully equipped restaurant with drive-thru, ready for immediate operation.
      1008 N Bus Hwy 6, Marlin, TX 76661
      View Details
    • $215,000

      Multifamily Property with Income Potential

      Spacious home with two income-producing apartments in Marlin, Texas.
      322 Capps Street, Marlin, TX 76661
      View Details
    • $141,000

      Marlin, TX Improved Land

      1.9-acre property with utilities, shop, and RV parking.
      405 County Road 121, Marlin, TX 76661
      View Details
    • $148,500

      Heavily Wooded Land in Marlin, TX

      6.55 acres of wooded land near city amenities.
      00 CR 106, Marlin, TX 76661
      View Details
    • $52,900

      Unrestricted Land Near Marlin, TX

      2.214 acres of unrestricted land close to Marlin amenities.
      Lot 4 County Road 173, Marlin, TX 76661
      View Details
    • $65,900

      Unrestricted Land Near Marlin, TX

      2.916 acres of unrestricted land near Marlin, Texas.
      Lot 11 County Road 173, Marlin, TX 76661
      View Details
    • $52,900

      Unrestricted Land Near Marlin ISD

      Unrestricted land near Marlin ISD, close to Highway 6 and 7.
      Lot 5 County Road 173, Marlin, TX 76661
      View Details
    • $49,900

      Unrestricted Land Near Marlin, TX

      Unrestricted land near Marlin, TX, ideal for various uses.
      Lot 1 County Road 173, Marlin, TX 76661
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two adjacent lots near Highway 6 with development potential.
    Where is this commercial land located?
    The property is located at 322 Falls Street Marlin, TX.
    What is the asking price?
    The asking price for this property is $75,500.
    What are key features of this property?
    This property features: Two adjacent lots being sold together.; Prime location.; Five minutes from Highway 6.
    (254) 420-7045
    We can help!
    Listing Contact
    Misael Castillo
    Real Estate License ID: 0772519
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!