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

    509 E Richard Avenue lot 5 6 Kingsville, TX 78363

    View on Map
    For Sale
    Contact for pricing

    LAND - Kingsville, TX

    Lot size:
    0.16 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    209
    Last Refresh:
    Mar 31 at 7:06 pm

    Property Features for 509 E Richard Avenue lot 5 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    100100905000192
    Lot size
    0.16 Acres

    Taxes and HOA fees

    TaxDescription
    ORIG TOWN, BLOCK 9, LOT 5, 6

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Susana Roberge
    Susana Roberge

    Listing agent Susana Roberge License #0695237

    Listing office Coldwell Banker Pacesetter Ste 515 E King, Kingsville, TX

    Listing date Sep 4, 2025

    MLS# 464446 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

    Residential Land in Central Kingsville

    Located in the heart of Kingsville, Texas, this residential land offers an opportunity for constructing a new home. The lot, sized at 0.16 acres, is situated in a central location near HEB, historic downtown Kingsville, and various restaurants. The property is identified as lot 5 and 6.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eloy's Barber Salon Barber Shop

    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
    Kingsville
    County
    Kleberg
    State
    Texas
    Longitude
    -97.862846
    Latitude
    27.521515

    Nearby Similar for Sale

    • $650,000
      5,080 SF

      Kingsville Commercial Building For Sale

      Remodeled building in Kingsville's historic downtown district.
      221 E Kleberg Avenue, Kingsville, TX 78363
      View Details
    • $525,000
      4,233 SF

      Kingsville Commercial Investment Opportunity

      Corner lot with three rental spaces near university.
      620 N Armstrong Avenue, Kingsville, TX 78363
      View Details
    • $525,000
      6,000 SF

      Kingsville Commercial Investment Opportunity

      Two leased retail spaces in downtown Kingsville, offering immediate revenue.
      314, 316 E Kleberg Avenue, Kingsville, TX 78363
      View Details
    • $450,000
      3,514 SF

      Mixed-Use Property in Kingsville, TX

      Profitable laundromat with residential units for additional income.
      313 S 12th, Kingsville, TX 78363
      View Details
    • $119,000
      1,748 SF

      Kingsville Commercial Property For Sale

      Commercial property with excellent visibility and accessibility in Kingsville, TX.
      1245 E King Avenue lot: 5, Kingsville, TX 78363
      View Details
    • $200,000
      3,628 SF

      Kingsville Historical District Commercial Building

      Versatile commercial space in Kingsville's Historical District, ready for customization.
      312 N 6th Street, Kingsville, TX 78363
      View Details
    • $44,999

      Kingsville Land Near Texas A&M

      Cleared lots near university, ready for development and investment.
      600 W Corral Avenue lot: 13-16, Kingsville, TX 78363
      View Details
    • $67,500

      Residential Lots in Kingsville, TX

      Six residential lots suitable for building up to three homes.
      1240 E Yoakum Avenue lot: 34-39, Kingsville, TX 78363
      View Details
    • $650,000
      5,080 SF

      Renovated Building in Historic Downtown

      Spacious, renovated building in Kingsville's historic downtown area.
      221 E Kleberg Avenue, Kingsville, TX 78363
      View Details
    • $250,000

      Kingsville Commercial Land Opportunity

      2.38-acre commercial land with high road frontage in Kingsville, TX.
      714 E Ailsie Avenue, Kingsville, TX 78363
      View Details
    • $101,250
      4,426 SF

      Unimproved Land in Kingsville, TX

      11.25 acres of South Texas land for homestead or development.
      N County Road 1050 lot: 1, Kingsville, TX 78363
      View Details
    • $101,250
      4,426 SF

      Kingsville Land: Unlimited Potential

      11.25 acres of unimproved land near Texas A&M University.
      N County Road 1050 lot: 1, Kingsville, TX 78363
      View Details

    FAQs

    What type of property is this?
    Land - Centrally located lot ready for your dream home construction.
    Where is this land located?
    The property is located at 509 E Richard Avenue lot 5 6 Kingsville, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Centrally located in Kingsville.; Ready to build your dream home.; Near HEB.
    (361) 246-9770
    We can help!
    Listing Contact
    Susana Roberge
    Susana Roberge
    Real Estate License ID: 0695237
    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!