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

    County Road 231 Centerville, TX 75833

    Sponsored
    For Sale
    $185,900

    LAND - Centerville, TX

    Lot size:
    14.02 Acres
    Days on Market:
    24
    Last Refresh:
    Mar 5 at 3:06 am

    Property Features for County Road 231

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Leon
    APN
    TBD County Road 231 804
    Lot size
    14.02 Acres

    We can help!

    Listing Contact
    Jonathan Poe

    Sherlock Realtors (979) 268-1791

    Listing agent Jonathan Poe (979) 676-2067

    Listing date Feb 10, 2026

    MLS# 24003421

    Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spacious 14 Acre Lot

    This 14.01-acre lot offers building opportunities and is situated on a private, gated cul-de-sac. The property features a view of gently sloping terrain, tree banks, sunrises, and sunsets. The entry to the property is 101 feet wide and expands across a meadow of trees on the lower section, while the remainder of the property consists of open pasture that slopes upward. A 655-foot boundary with an adjacent property is fenced. Neighboring properties range from 10 to 100 acres. The private road is paved, and electric, water, and fiber optic services are available. Located east of Centerville, TX, approximately midway between Houston and Dallas on I-45, the property benefits from low taxes through current Wildlife valuation. The buyer can build at their convenience and select their own builder. Numerous parks and recreation areas are located in the Centerville region.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Centerville
    County
    Leon
    State
    Texas
    Longitude
    -95.77753
    Latitude
    31.35496

    Nearby Similar for Sale

    • $450,000

      Unrestricted Acreage with Charming Home

      Charming 3 bedroom home on unrestricted 5+ acre property.
      3006 County Road 204, Centerville, TX 75833
      View Details
    • $549,999

      Centerville Specialty Property for Sale

      Specialty property available in Centerville, Texas.
      1386 Private Rd, Centerville, TX 75833
      View Details
    • $389,500

      Picturesque Northcreek Acreage with Farmhouse

      25-acre Centerville farm with farmhouse, pastures, and creek.
      8579 Fm 3178, Centerville, TX 75833
      View Details
    • $355,000

      Moose Lake Ranch on 13+ Acres

      Renovated log cabin on 13+ acres with private lake.
      12125 County Road 149, Centerville, TX 75833
      View Details
    • $650,000

      40-Acre Ranch with Log Home

      Versatile ranch property with barns and custom-built log home.
      11488 County Road 150, Centerville, TX 75833
      View Details
    • $459,000

      Meticulously Manicured Centerville Acreage

      10.5 acres with a 2019 Palm Harbor home.
      11986 Crk 112, Centerville, TX 75833
      View Details
    • $509,000

      Centerville Farm with Pond and Barn

      Farm property featuring a pond, outbuildings, and pasture.
      983 Pr, Centerville, TX 75833
      View Details
    • $210,000

      15-Acre Property Near Centerville

      15 acres with creek, pastures, woods, and utilities.
      2519 County Road 131, Centerville, TX 75833
      View Details
    • $599,000

      Leon County Farm-Style Brick Home

      14.628-acre property with farm-style brick home and multifunctional barn.
      2814 Crk 2011, Centerville, TX 75833
      View Details
    • $525,000

      Centerville Land with Private Lake

      44-acre property featuring a private lake and farmhouse.
      751 Crk 121, Centerville, TX 75833
      View Details
    • $217,000

      32 Acres Pasture and Woods

      32-acre property with pasture, woods, and pond near Centerville, TX.
      32AC County Rd, Centerville, TX 75833
      View Details
    • $1,199,000
      10,544 SF

      Centerville Multifamily Investment Opportunity

      16-Unit Complex, High Occupancy, Value-Add Potential
      130 Town St, Centerville, TX 75833
      View Details

    FAQs

    What type of property is this?
    Land - 14.01 acre lot in Centerville, TX with building potential.
    Where is this land located?
    The property is located at County Road 231 Centerville, TX.
    What is the asking price?
    The asking price for this property is $185,900.
    What are key features of this property?
    This property features: - Spacious 14.01 acre lot offering ample building sites.; - Located in a private, gated cul-de-sac.; - Utilities available: electric, water, and fiber optic.
    (979) 676-2067
    Request Owner's contact information
    County Road 231 Centerville, TX 75833
    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.
    County Road 231
    Centerville, TX 75833
    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
    County Road 231 Centerville, TX 75833
    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

    We can help!
    Listing Contact
    Jonathan Poe
    (979) 676-2067 (979) 690-1122 (979) 268-1791
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!