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

    Block 1 Lot 4 Plainview Road, McGregor, TX 76657

    View on Map
    Claim this Listing
    Picture of Land at Block 1 Lot 4 Plainview Road, McGregor, TX
    For Sale
    $95,000

    LAND - McGregor, TX

    Lot size:
    1.69 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for Block 1 Lot 4 Plainview Road

    General Information

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

    We can help!

    Listing Contact
    Maritza Perez
    Maritza Perez

    Listing agent Maritza Perez License #0498789

    Listing office Kelly, Realtors Waco, TX

    Listing date Apr 8, 2026

    MLS# 21233158 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

    • One Acre Lot - plenty of space to spread out.
    • Water Meter Installed at Closing - a valuable convenience.
    • Owner Financing Available - ask about flexible payment options.
    • Build Your Dream Home - design the perfect space for you.
    • Location Available (Coordinates Provided) - find the property easily.
    • Call for Details - get all the information you need.

    Overview

    This 1.69-acre residential land is located in McGregor, Texas. The property is suitable for building a home. A water meter will be installed at closing. Owner financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.43814
    Latitude
    31.478946

    Nearby Similar for Sale

    • $515,900

      Commercial/Office Building with Storage

      Well-maintained commercial building with climate-controlled storage and office space.
      365 Val Verde Road, McGregor, TX 76657
      View Details
    • $299,000

      Historic Downtown Retail Building

      Multi-level storefront and office-ready space with flexible open-area layout and recent roof work in place.
      221 S Main, McGregor, TX 76657
      View Details
    • $2,220,000

      120 Acres Development Opportunity, McGregor

      120 acres of unimproved land ideal for development.
      Cottonbelt Parkway, McGregor, TX 76657
      View Details
    • $1,214,710

      Developable Land with Road Frontage

      65+ acres in McGregor ETJ with 3,800+ feet of road frontage for flexible development planning.
      Cotton Belt Parkway, McGregor, TX 76657
      View Details
    • $150,000

      Spacious Land Tracts in McGregor, TX

      Premier country living in Midway ISD, 5-10 acre tracts.
      Cotton Belt, McGregor, TX 76657
      View Details
    • $150,000

      Residential Land Near Mother Neff

      Homesite near Mother Neff State Park with utilities being installed.
      County Road 340 lot: 2, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor, TX

      Premier country living in Midway ISD with acreage available.
      Cotton Belt lot: 12, McGregor, TX 76657
      View Details
    • $2,400,000

      112 Acres Development Opportunity, McGregor

      Prime land for residential development in McGregor, Texas.
      N Lone Star Parkway, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor, TX

      Premier country living in Midway ISD with acreage available.
      Cotton Belt lot: 9, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor

      Premier country living in Midway ISD with acreage available.
      Cotton Belt lot: 11, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor, TX

      10-acre tract for building a dream home in Midway ISD.
      Cotton Belt lot: 13, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor

      Premier country living in Midway ISD with modern conveniences.
      Cotton Belt lot: 7, McGregor, TX 76657
      View Details

    FAQs

    What type of property is this?
    Land - 1.69 acre residential land available for building a home.
    Where is this land located?
    The property is located at Block 1 Lot 4 Plainview Road McGregor, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: One Acre Lot - plenty of space to spread out.; Water Meter Installed at Closing - a valuable convenience.; Owner Financing Available - ask about flexible payment options.
    (254) 741-1500
    We can help!
    Listing Contact
    Maritza Perez
    Maritza Perez
    Real Estate License ID: 0498789
    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
    Block 1 Lot 4 Plainview Road, McGregor, TX 76657
    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!