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

    620 NW River Road lot 2 Martindale, TX 78655

    View on Map
    For Sale
    $141,900

    LAND - Martindale, TX

    Lot size:
    0.50 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 620 NW River Road lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    132459
    Lot size
    0.50 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    RIVERVIEW RESIDENCES SUBD, BLOCK A, LOT 2
    TaxAnnualAmount
    935

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Kaylee Sutton
    Kaylee Sutton

    Listing agent Kaylee Sutton License #0700093

    Listing office Land Unlimited 735 S Colorado St, TX

    Listing date Feb 6, 2026

    MLS# 603828

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Half-Acre Lot Near San Marcos River

    This half-acre lot, located directly across the street from the San Marcos River, features a mature oak tree. The property is located in Martindale, east of San Marcos along Highway 80, less than 10 minutes from San Marcos, Texas State University, Wal-Mart, and I-35. Site-built and modular homes are permitted. All utilities are available at the street, and a water meter is included. The San Marcos River is known for its consistent temperature of approximately 72 degrees year-round, suitable for floating, kayaking, fishing, and swimming. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Food Market HVAC Service Bar & Pub Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Martindale
    County
    Caldwell
    State
    Texas
    Longitude
    -97.858034
    Latitude
    29.851999

    Nearby Similar for Sale

    • $3,520,000

      Martindale Multifamily Development Opportunity

      17.6-acre tract ideal for multifamily development near San Marcos.
      600 River Road, Martindale, TX 78655
      View Details
    • $106,900

      Residential Lots Near San Marcos River

      Half-acre residential lots near the San Marcos River.
      536 NW River Road lot: 19, Martindale, TX 78655
      View Details
    • $129,900

      Land Near San Marcos River

      Residential land with utilities near the San Marcos River.
      598 NW River Road lot: 13, Martindale, TX 78655
      View Details
    • $138,900

      Corner Lot Near San Marcos River

      Residential land with utilities, near San Marcos River, no HOA.
      528 NW River Road lot: 20, Martindale, TX 78655
      View Details
    • $7,999,000

      105 Acres with River Frontage

      Exceptional Central Texas riverfront property with over half-mile frontage.
      4194 SE River Road, Martindale, TX 78655
      View Details
    • $449,900

      Martindale, TX Land Opportunity

      11.48 acres near San Marcos River with expansive views.
      TBD TraCT H Scull Rd lot: H, Martindale, TX 78655
      View Details
    • $299,000

      Martindale Land with River Frontage

      2.5-acre property with 240+/- feet of San Marcos River frontage.
      100 Arlene Lane, Martindale, TX 78655
      View Details
    • $1,500,000

      Martindale Land with River Access

      20 acres suitable for residential or recreational development.
      4921 S E River Rd, Martindale, TX 78655
      View Details
    • Contact for pricing

      Unrestricted Land Near San Marcos

      Unrestricted land suitable for various commercial and residential developments.
      FM1979, Martindale, TX 78655
      View Details
    • $1,500,000

      Land For Sale

      Land available for sale in Martindale, Texas.
      FM 1979, Martindale, TX 78655
      View Details
    • Contact for pricing

      Land For Sale Martindale, TX

      Land available for purchase in Martindale, Texas.
      8065 FM 1979 , Martindale, TX
      View Details
    • Contact for pricing

      33.8 Acres on FM 1979

      33.8 acres of land for sale along FM 1979.
      FM 1979 Martindale, Martindale, TX 78655
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half-acre lot near San Marcos River with utilities available.
    Where is this residential land & home lot located?
    The property is located at 620 NW River Road lot 2 Martindale, TX.
    What is the asking price?
    The asking price for this property is $141,900.
    What are key features of this property?
    This property features: Directly across the street from the San Marcos River, a sought‑after destination for recreation.; No HOA, providing flexibility in building and timeline.; Half‑acre lot featuring a mature oak tree.
    (512) 470-4237
    We can help!
    Listing Contact
    Kaylee Sutton
    Kaylee Sutton
    Real Estate License ID: 0700093
    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!