Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land for Texas Living Title is generated by Realmo AI

    Lot 6 Cotton Belt, McGregor, TX 76657

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $105,500

    Improved Land - McGregor, TX

    Lot size:
    3.00 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    49
    Last Refresh:
    May 18 at 12:06 pm

    Property Features for Lot 6 Cotton Belt

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    375488
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Daryl Weems
    Daryl Weems

    Listing agent Daryl Weems License #582589

    Listing office Twin Bends, LLC 425 Twin Bends Rd, Crawford, TX

    Listing date Mar 31, 2026

    MLS# 21142053 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.

    HighLights

    • Located in the highly regarded Midway ISD
    • Spacious 3‑acre and 10‑acre lots available for building a custom home
    • Premier country living environment with privacy and community
    • Architectural Review Committee ensures quality and consistency in new construction
    • Water meters and electricity will be established on each lot by the end of 2025
    • Classic or traditional Texas design themes with tasteful material options

    Overview

    Phase I offers country living with a blend of privacy and community along Cotton Belt Parkway. The development features six 3-acre lots and eight 10-acre tracts. Homes must be a minimum of 2,500 square feet and follow classic or traditional Texas design themes, incorporating stone, brick, wood, and metal. Earth tones and timeless colors are required to maintain a cohesive aesthetic. The Architectural Review Committee ensures quality and consistency in new construction. Restrictions include no mobile or manufactured homes, and no temporary structures are allowed. Properties must be kept clean and sanitary. Water meters and electricity will be established on each lot by the end of 2025. Located within Midway ISD, this is an opportunity to build a dream home in a rural setting off Cotton Belt Parkway. Currently, one 3-acre lot is available, and six 10-acre tracts are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    McGregor
    County
    McLennan
    State
    Texas
    Longitude
    -97.345966
    Latitude
    31.464393

    Nearby Similar for Sale

    • $495,000

      Commercial/Office Building in McGregor, TX

      Well-maintained commercial/office building with climate-controlled storage and roll-up doors.
      365 Val Verde Road, McGregor, TX 76657
      View Details
    • $2,400,000

      112 Acres Development Opportunity, McGregor

      Prime land for residential development in McGregor, Texas.
      Tbd N Lone Star Parkway, McGregor, TX 76657
      View Details
    • $55,000

      Commercial Land in Growing Area

      0.27-acre lot ideal for commercial development in McGregor, TX.
      Tbd Mcgregor Drive, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor, TX

      Premier country living in Midway ISD with acreage available.
      Lot 12 Cotton Belt, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor, TX

      Premier country living in Midway ISD with acreage available.
      Lot 9 Cotton Belt, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor

      Premier country living in Midway ISD with acreage available.
      Lot 11 Cotton Belt, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor, TX

      10-acre tract for building a dream home in Midway ISD.
      Lot 13 Cotton Belt, McGregor, TX 76657
      View Details
    • $275,000

      Spacious Land Tract in McGregor

      Premier country living in Midway ISD with modern conveniences.
      Lot 7 Cotton Belt, McGregor, TX 76657
      View Details
    • $249,000

      McGregor Land with Incredible Views

      10.18 acres with mature trees and installed water meter.
      254 County Road 340 lot: 1, McGregor, TX 76657
      View Details
    • $95,000

      Residential Land in McGregor, TX

      1.71 acre lot for sale in McGregor, Texas.
      Block 1 Lot1 Plainview Road, McGregor, TX 76657
      View Details
    • $195,000

      Residential Lot in Harris Creek

      1.379-acre residential lot in McGregor, TX, build your dream home.
      223 Oak Creek Circle, McGregor, TX 76657
      View Details
    • $200,000

      Land For Sale in McGregor

      5 acre land parcel available in McGregor, Texas.
      Block 1 Lot 14 Farmview Parkway, McGregor, TX 76657
      View Details

    FAQs

    What type of property is this?
    Land - Spacious lots for custom homes in Midway ISD.
    Where is this land located?
    The property is located at Lot 6 Cotton Belt McGregor, TX.
    What is the asking price?
    The asking price for this property is $105,500.
    What are key features of this property?
    This property features: Located in the highly regarded Midway ISD; Spacious 3‑acre and 10‑acre lots available for building a custom home; Premier country living environment with privacy and community
    (254) 723-1248
    We can help!
    Listing Contact
    Daryl Weems
    Daryl Weems
    Real Estate License ID: 582589
    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

    Thank You for Inquiry
    Lot 6 Cotton Belt, McGregor, TX 76657
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!