Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Development Land in Bowie, Texas Title is generated by Realmo AI

    Tbd Lots 10-18 Elba street, Bowie, TX 76230

    View on Map
    Claim this Listing
    For Sale
    $150,000

    Unimproved Land - Bowie, TX

    Type:Unimproved Land
    Lot size:
    1.53 Acres
    Added:
    May 6, 2026
    Days on Market:
    25
    Last Refresh:
    May 30 at 10:06 am

    Property Features for Tbd Lots 10-18 Elba street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000002084
    Lot size
    1.53 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cade Montgomery

    Listing agent Cade Montgomery License #0774580

    Listing office Wise Move Realty 114 E Main St A, Early, TX

    Listing date May 6, 2026

    MLS# 21249062 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

    • City‑approved plat for 9 individual lots.
    • 1.531‑acre property.
    • Prime development opportunity.
    • Flexibility for single‑family or tiny home development.
    • Desirable area.
    • Conveniently located near local amenities.

    Overview

    This 1.531-acre property in Bowie, Texas, presents a development opportunity with a city-approved plat for 9 individual lots. The property offers flexibility for builders and investors to develop single-family homes or capitalize on the demand for tiny home living. The location is near local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Montague
    State
    Texas
    Longitude
    -97.837402
    Latitude
    33.5554016

    Nearby Similar for Sale

    • $550,000
      13,800 SF

      Fenced Yard with Offices

      Office property with fenced 3.54 acre yard in Bowie.
      901 Decatur Street, Bowie, TX 76230
      View Details
    • $1,995,000
      2,930 SF

      Texas Ranch with Cattle Operation

      167.87-acre Texas ranch featuring a 2,930 sq ft home.
      6551 Crooked Crk Road, Bowie, TX 76230
      View Details
    • $1,995,000
      2,930 SF

      Texas Ranch Retreat with Home

      167.87 acre ranch featuring a 2,930 sqft home.
      6551 Crooked Creek Road, Bowie, TX 76230
      View Details
    • $232,000
      3,000 SF

      Bowie Warehouse with Upgraded Office

      0.85-acre commercial property with a 50x60 metal building.
      206 N Matthews Street, Bowie, TX 76230
      View Details
    • $214,500
      1,800 SF

      Bowie Commercial Property on Wise

      High-visibility commercial building on main street in Bowie, Texas.
      413 E Wise Street, Bowie, TX 76230
      View Details
    • $519,999
      2,661 SF

      Remodeled Home on 12+ Acres

      Updated 3-bed, 2-bath home on 12.47 acres in Bowie, TX.
      584 W Alamo Road, Bowie, TX 76230
      View Details
    • $799,000
      4,368 SF

      Versatile Multi-Dwelling Property with Shop

      10.75-acre property with multiple dwellings, shop, and wells.
      1341 Hildreth Pool Road, Bowie, TX 76230
      View Details
    • $299,000
      4,056 SF

      Bowie, TX Hotel/Motel Opportunity

      Income-generating motel or commercial property in the heart of Bowie.
      1408 E Wise Street, Bowie, TX 76230
      View Details
    • $1,099,000
      4,368 SF

      Versatile 40-Acre Multi-Use Property

      40-acre property with multiple dwellings, shop, and wells.
      1341 Hildreth Pool Road, Bowie, TX 76230
      View Details
    • $1,700,000
      1,706 SF

      Bowie Farm/Ranch with Scenic Views

      114-acre farm/ranch near Bowie, TX, with scenic views.
      858 Ford Road, Bowie, TX 76230
      View Details
    • $875,000
      2,265 SF

      Bowie, TX Farm/Ranch Property

      40-acre farm/ranch with modern home and horse facilities near Bowie.
      3914 Alamo Road, Bowie, TX 76230
      View Details
    • $189,900
      800 SF

      Retail Space on Highway 59

      Retail units with front and rear access on busy highway.
      1123 Highway 59 N, Bowie, TX 76230
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.531-acre property with city-approved plat for 9 lots.
    Where is this residential land & home lot located?
    The property is located at Tbd Lots 10-18 Elba street Bowie, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: City‑approved plat for 9 individual lots.; 1.531‑acre property.; Prime development opportunity.
    (817) 659-4226
    We can help!
    Listing Contact
    Cade Montgomery
    Real Estate License ID: 0774580
    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
    Tbd Lots 10-18 Elba street, Bowie, TX 76230
    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!