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

    373 CR 480 & CR 481 lot 0 Alice, TX 78332

    View on Map
    Claim this Listing
    For Sale
    $175,000

    LAND - Alice, TX

    Lot size:
    9.68 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    170
    Last Refresh:
    Apr 24 at 9:06 am

    Property Features for 373 CR 480 & CR 481 lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1255002302400
    Lot size
    9.68 Acres

    Taxes and HOA fees

    Tax Description
    SHOLARS S/D OUT OF ORG 103.26 ACS SEC 42, 9.682

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Marla Castillo

    Listing agent Marla Castillo License #0749628

    Listing office RE/MAX ELITE 4639 Corona Dr Suite 61, Corpus Christi, TX

    Listing date Nov 5, 2025

    MLS# 467432 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.

    Overview

    Alice, TX Agricultural Land

    This 9.62-acre property is located between Alice and Ben Bolt, Texas. The land is suitable for agricultural use and includes a corral. It also presents an opportunity for residential construction, offering a potential building site for a home.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Alice
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.070122
    Latitude
    27.676052

    Nearby Similar for Sale

    • $600,000
      3,330 SF

      Established Restaurant in Alice, Texas

      Well-established restaurant with equipment, furniture, and spacious parking.
      107 Cecilia Street, Alice, TX 78332
      View Details
    • $110,000
      2,940 SF

      Versatile Multi-Use Property on Acreage

      Multi-use property with two buildings on a fenced 1-acre lot.
      1311 S Gulf Street, Alice, TX 78332
      View Details
    • $499,900
      9,510 SF

      Commercial Building in Alice, Texas

      Commercial building with offices, bathrooms, and leased daycare in Alice.
      1004-1006 E 6th Street, Alice, TX 78332
      View Details
    • $365,000
      14,615 SF

      Renovated Commercial Property on Corner Lot

      Versatile commercial property with ample parking and flexible layout.
      401 W 2nd Street, Alice, TX 78332
      View Details
    • $250,000
      3,166 SF

      Alice Multifamily Investment Opportunity

      Four-unit multifamily property in Alice, Texas, near downtown.
      602 E 4th Street, Alice, TX 78332
      View Details
    • $899,900

      Versatile Acreage with Income Potential

      38.92 acres with RV park, commercial potential, and income streams.
      102 Business Park, Alice, TX 78332
      View Details
    • $230,000
      3,528 SF

      Income-Producing Commercial Property on Highway

      Versatile commercial space with income potential on a 0.9-acre lot.
      2527 N US Highway 281, Alice, TX 78332
      View Details
    • $1,500,000
      57,500 SF

      Versatile Industrial Property in Alice, TX

      10-acre industrial property with multiple buildings and specialized infrastructure.
      1126 Airport Road, Alice, TX 78332
      View Details
    • $750,000
      3,900 SF

      Land Lot in Alice, TX

      3.05 acre commercial land lot available in Alice, Texas.
      E HWY 44, Alice, TX 78332
      View Details
    • $225,000
      1,720 SF

      Alice, TX Commercial Property

      Spacious commercial property with drive-thru, kitchen, and large parking.
      200 Cecilia Street, Alice, TX 78332
      View Details
    • $225,000
      976 SF

      Commercial Land with Fenced Lot

      1.21 acre commercial lot with 976 sq ft building.
      S Texas Boulevard, Alice, TX 78332
      View Details
    • $289,900
      7,200 SF

      Alice, TX Land with Building

      5 acres with 7,200 sq ft metal building and pond.
      Cr 1161 lot: R2, Alice, TX 78332
      View Details

    FAQs

    What type of property is this?
    Farm - 9.62 acres suitable for agriculture or residential development.
    Where is this farm located?
    The property is located at 373 CR 480 & CR 481 lot 0 Alice, TX.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 9.62 acre property suitable for agriculture.; Located between Alice and Ben Bolt.; Potential to build a dream home.
    (361) 207-3104
    We can help!
    Listing Contact
    Marla Castillo
    Real Estate License ID: 0749628
    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!