Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Land in Alice, Texas Title is generated by Realmo AI

    McMaster Street lot 68, Alice, TX 78332

    View on Map
    Claim this Listing
    For Sale
    $140,250

    LAND - Alice, TX

    Lot size:
    17.16 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    110
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for McMaster Street lot 68

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    023710
    Lot size
    17.16 Acres

    Taxes and HOA fees

    Tax Description
    MCMASTERS S/D PT LT 68 17.16

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Lois Risinger

    Listing agent Lois Risinger License #0262232

    Listing office Risinger Realty P.O. Box 1054, Corpus Christi, TX

    Listing date Feb 16, 2026

    MLS# 471750 Listing URL

    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.

    HighLights

    • 17+- acres of cleared land.
    • City water available (water line runs next to road).
    • Possible development opportunity.
    • City sewer line easement on the property.
    • Suitable for a home or country getaway.
    • Public water source.

    Overview

    This property features approximately 17 acres of cleared land. It may be suitable for residential use or development. A city sewer line easement is present on the property. There is an abandoned oil well and a water well located on the premises. City water is available, with a water line running next to the road; the buyer is responsible for all costs associated with connecting to it.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Alice
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.1034
    Latitude
    27.6821

    Nearby Similar for Sale

    • $200,000
      2,928 SF

      Downtown Alice Commercial Building

      2928 SF commercial building with apartment in downtown Alice.
      312 E 2nd Street, Alice, TX 78332
      View Details
    • $110,000
      2,940 SF

      Versatile Multi-Use Property on Acreage

      Multi-use property with two buildings on a fenced 1-acre lot.
      1311 S Gulf Street, Alice, TX 78332
      View Details
    • $400,000
      3,330 SF

      Established Restaurant Opportunity in Alice

      Well-established restaurant for sale with equipment and spacious parking.
      107 Cecilia Street, Alice, TX 78332
      View Details
    • $449,900
      9,510 SF

      Two-Unit Office Building

      Cinder block office building with reception, multiple offices, and two separate units in Alice, Texas.
      1004-1006 E 6th Street, Alice, TX 78332
      View Details
    • $260,000
      2,992 SF

      Medical Office Building on Corner Lot

      Single-story brick medical office with four exam rooms, dual lobbies, and front-and-rear parking on a high-visibility corner site.
      72 N Wright, Alice, TX 78332
      View Details
    • $250,000
      3,166 SF

      Alice Multifamily Investment Opportunity

      Four-unit multifamily property in Alice, Texas, near downtown.
      602 E 4th Street, Alice, TX 78332
      View Details
    • $1,500,000
      57,500 SF

      Versatile Industrial Property in Alice, TX

      10-acre industrial property with multiple buildings and specialized infrastructure.
      1126 Airport Road, Alice, TX 78332
      View Details
    • $200,000
      3,528 SF

      Income-Producing Commercial Property on Highway

      Versatile commercial space with income potential on a high-traffic highway.
      2527 N US Highway 281, Alice, TX 78332
      View Details
    • $190,000
      1,720 SF

      Commercial Property with Drive-Thru

      Spacious commercial property with drive-thru, kitchen, and large parking.
      200 Cecilia Street, Alice, TX 78332
      View Details
    • $248,500
      1,972 SF

      Office Building with Garage/Warehouse

      Office building with attached garage/warehouse in Alice, Texas.
      215 E 1st Street, Alice, TX 78332
      View Details
    • $225,000
      976 SF

      Commercial Land with Fenced Lot

      1.21 acre commercial lot with 976 sq ft building.
      S Texas Boulevard, Alice, TX 78332
      View Details
    • $95,000
      600 SF

      Office Property in Alice, Texas

      600 SF office property on 0.52 acres for sale.
      525 S Aransas Street, Alice, TX 78332
      View Details

    FAQs

    What type of property is this?
    Land - 17+- acres of cleared land, suitable for residential or development.
    Where is this land located?
    The property is located at McMaster Street lot 68 Alice, TX.
    What is the asking price?
    The asking price for this property is $140,250.
    What are key features of this property?
    This property features: 17+- acres of cleared land.; City water available (water line runs next to road).; Possible development opportunity.
    (361) 660-4922
    We can help!
    Listing Contact
    Lois Risinger
    Real Estate License ID: 0262232
    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
    McMaster Street lot: 68, Alice, TX 78332
    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!