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    613-a N Access Road Tye, TX 79603

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    Claim this Listing
    New
    For Sale
    $499,500

    Improved Land - Tye, TX

    Property size:
    1,800 SF
    Lot size:
    12.42 Acres
    Added:
    Apr 26, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 27 at 12:06 am

    Property Features for 613-a N Access Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24907
    Size
    1,800 SF
    Lot size
    12.42 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Year built
    2018
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Rosenbaum

    Listing agent Lisa Rosenbaum License #0619347

    Listing office Hatchett & Co. Real Estate 4373 Spindle Top, Abilene, TX

    Listing date Apr 26, 2026

    MLS# 21251330 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

    Commercial Land with Lake Access

    This property, featuring a 5-acre lake and currently zoned commercial, presents a unique opportunity. It includes two parcels totaling 12.42 acres. While currently zoned commercial, there is potential for a zoning change through the city to allow for a homesite. The existing building features a large wrap-around porch, a 2-car garage, 1200 square feet downstairs with a 600 square foot loft, two separate office spaces or bedrooms, one full bath, and a full kitchen. The property is plumbed for two RV parking spots, with electric partially completed. Short-term rental or office use would be ideal, with room for additional cabins. This property is located in Tye, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Tye
    County
    Taylor
    State
    Texas
    Longitude
    -99.860931
    Latitude
    32.463482

    Nearby Similar for Sale

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      Tye, TX Commercial Land

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    • $499,500
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      Commercial Property with Lake Access

      Commercial property on 12.42 acres with lake and potential uses.
      613 N Access Road, Tye, TX 79603
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    • $18,600

      Land For Sale in Tye

      Land available in Tye, Texas, Taylor County.
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      Land Available on Apache Road

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with lake, ideal for short-term rental or office.
    Where is this commercial land located?
    The property is located at 613-a N Access Road Tye, TX.
    What is the asking price?
    The asking price for this property is $499,500.
    What are key features of this property?
    This property features: 12.42 acres including a 5‑acre lake and two parcels.; Commercially zoned property with potential for rezoning to residential.; Ideal for short‑term rental or office space with room for additional cabins.
    (325) 695-7300
    We can help!
    Listing Contact
    Lisa Rosenbaum
    Real Estate License ID: 0619347
    Learn More
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    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
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