Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    711 E Rice Street lot 13-14 Falfurrias, TX 78355

    View on Map
    For Sale
    $99,000

    LAND - Falfurrias, TX

    Property size:
    480 SF
    Lot size:
    0.77 Acres
    Added:
    Nov 6, 2024
    Days on Market:
    515
    Last Refresh:
    Apr 5 at 3:06 pm

    Property Features for 711 E Rice Street lot 13-14

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000000006212
    Size
    480 SF
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Description
    13-14 3 MILLER BROS ADDN & 05100-0003-015-00

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Juan Chavez

    Listing agent Juan Chavez License #0616301

    Listing office CapStone Realty PLLC 700 W Redwood Ave., McAllen, TX

    Listing date Nov 6, 2024

    MLS# 450550

    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

    Prime Land Near Highway 281

    This property, situated on approximately 0.77 acres in Falfurrias, Texas, comprises multiple lots being sold together. The location offers convenient access to Highway 281 and is within walking distance of McDonald's, Subway, and 7-Eleven. The property includes additional storage buildings and open space, allowing for flexible usage. With a property size of 480 square feet, this land is suitable for both commercial and residential projects, presenting opportunities for investors or homeowners looking to build or expand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Falfurrias
    County
    Brooks
    State
    Texas
    Longitude
    -98.15329
    Latitude
    27.227623

    Nearby Similar for Sale

    • $349,000
      8,694 SF

      Versatile Commercial Property with Event Center

      Commercial property featuring an event center and office spaces.
      1101 S St. Marys, Falfurrias, TX 78355
      View Details
    • $249,000

      Prime Corner Lot on Highway

      High-visibility 4-acre corner lot near Interstate 69C.
      US Highway 281, Falfurrias, TX 78355
      View Details
    • $99,000

      Falfurrias, Texas Prime Land

      5-acre corner property near downtown Falfurrias, Texas.
      2931 Fm 754, Falfurrias, TX 78355
      View Details
    • $145,000

      Falfurrias Land for Ranching

      14.4 acres ideal for ranching, living, or investment.
      2237 W Highway 285 lot: 0, Falfurrias, TX 78355
      View Details
    • $349,000

      Versatile Commercial Property with Event Center

      Commercial property featuring an event center and private offices.
      1101 S Saint Marys St, Falfurrias, TX, 78355-5030
      View Details
    • $175,000
      3,480 SF

      Falfurrias Commercial Lot For Sale

      Commercial lot suitable for automotive or storage business.
      1204 S Hwy 281 Bus, Falfurrias, TX 78355
      View Details
    • $20,000

      Falfurrias Corner Lot Opportunity

      Prime corner lot to build your dream home in Falfurrias.
      702 S Gardner Street lot: 1-2, Falfurrias, TX 78355
      View Details
    • $45,000
      1,992 SF

      Retail Property in Falfurrias, TX

      Retail property featuring 1992 square feet of space on 0.24 acres.
      601 S Chester Street, Falfurrias, TX 78355
      View Details
    • $850,000

      Falfurrias Commercial Land For Sale

      8.9 acre commercial land with parking lot included.
      N US Highway 281, Falfurrias, TX 78355
      View Details
    • $85,000

      Raw Land in Falfurrias, TX

      5.03 acres of raw land in Brooks County, Texas.
      HWY 285 lot: 3, Falfurrias, TX 78355
      View Details
    • $49,900

      8 Acres of Brush Land

      8 acres of raw, unimproved land in South Texas.
      CR 406 (E OFF OF), Falfurrias, TX 78355
      View Details
    • $300,000
      4,368 SF

      Restaurant and Retail Opportunity

      Commercial retail property with restaurant and meat market.
      612 US 281, Falfurrias, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - Almost 1 acre in Falfurrias, ideal for commercial or residential.
    Where is this commercial land located?
    The property is located at 711 E Rice Street lot 13-14 Falfurrias, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Almost 1 acre of land comprised of multiple lots.; Prime location in Falfurrias with easy access to Highway 281.; Close proximity to McDonald's, Subway, 7‑Eleven, and other conveniences.
    (956) 638-8821
    We can help!
    Listing Contact
    Juan Chavez
    Real Estate License ID: 0616301
    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!