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

    516 N McGee Street Borger, TX 79007

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Borger, TX

    Added:
    Apr 13, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 20 at 2:06 am

    Property Features for 516 N McGee Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16270

    Taxes and HOA fees

    Tax Description
    25-29 BLK 33 OTB

    We can help!

    Listing Contact
    Regina Mackey

    Listing agent Regina Mackey

    Listing office Our Texas Real Estate 350 Aspen Dr, Perryron, TX

    Listing date Apr 13, 2026

    MLS# 26-3105 Listing URL

    Copyright © 2026 Amarillo Association of REALTORS. 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 Lots in Borger, Texas

    Located just blocks from Main Street in Borger, Texas, these five flat residential lots offer a convenient in-town location with easy access to schools, parks, shopping, and everyday amenities. The property includes city utilities and electricity is available. Paved road frontage and an alley along the back of the property provide added convenience. This location is suitable for building a new home or for a residential investment project, offering space, accessibility, and potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Borger
    County
    Hutchinson
    State
    Texas
    Longitude
    -101.393951
    Latitude
    35.67122

    Nearby Similar for Sale

    • $310,000
      4,130 SF

      Well-Maintained Industrial Shop in Borger

      Industrial shop with office, parking, and fenced yard on 0.92 acres.
      610 N Florida Street, Borger, TX 79007
      View Details
    • $200,000
      17,054 SF

      Versatile Commercial Building in Borger

      Large, adaptable building suitable for office or religious use.
      1110 Penn Street, Borger, TX 79007
      View Details
    • $190,000
      3,540 SF

      Commercial Building on Busy Street

      Updated commercial building suitable for various business types.
      701 S Cedar Street, Borger, TX 79007
      View Details
    • $179,900

      Historic Borger Commercial Opportunity

      Prime commercial building in downtown Borger on Main Street.
      510 N Main Street, Borger, TX 79007
      View Details
    • $295,000
      3,000 SF

      Updated Commercial Building in Borger

      Versatile commercial building with updated interior and drive-up window.
      500 W 3rd Street, Borger, TX 79007
      View Details
    • $44,900

      Former Pet Grooming Business

      Retail space with grooming setup, kennels, and dog run.
      421 E 10th Street, Borger, TX 79007
      View Details
    • $175,000

      Downtown Borger Commercial Space

      Commercial space in revitalizing downtown Borger, Texas.
      401-405 N Main Street, Borger, TX 79007
      View Details
    • $60,000

      Versatile Commercial Property in Borger

      Corner lot with multiple improvements, ideal for mixed-use development.
      311 Brain Street, Borger, TX 79007
      View Details
    • $120,000
      4,277 SF

      Borger, TX Commercial Opportunity

      Commercial building on .4133-acre lot with high visibility.
      411 S Main Street, Borger, TX 79007
      View Details
    • $99,900

      Downtown Borger Commercial Opportunity

      Historic building on Main Street with high visibility and traffic.
      508 N Main Street, Borger, TX 79007
      View Details
    • $250,000

      Commercial Property on Main Street

      Prime commercial property in Borger's business district with high visibility.
      729 N Main Street, Borger, TX 79007
      View Details
    • $299,900

      Borger, TX Apartment Complex

      Four townhome-style units near plant, ideal for short-term rentals.
      910 N Harvey Street, Borger, TX 79007
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Five flat residential lots near Main Street with city utilities.
    Where is this residential land & home lot located?
    The property is located at 516 N McGee Street Borger, 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: Convenient in‑town location blocks from Main Street, Borger, Texas.; Five flat residential lots suitable for building.; Easy access to schools, parks, shopping, and everyday amenities.
    (806) 648-4444
    We can help!
    Listing Contact
    Regina Mackey
    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!