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

    1106 Pakse Street, Venus, TX 76084

    View on Map
    Claim this Listing
    For Sale
    $98,500

    Land available in Johnson County, Texas.

    Type:Land
    Added:
    Sep 30, 2025
    Days on Market:
    249
    Last Refresh:
    Apr 15 at 4:13 am

    Property Features for 1106 Pakse Street

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    John Thomas

    Listing agent John Thomas License #0620955

    Listing office Keller Williams Realty Rockwall

    Listing date Sep 30, 2025

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Rockwall

    HighLights

    • Johnson County location
    • GPS directions available
    • No fencing

    Overview

    This land is located in Johnson County, Texas. The property can be found using GPS navigation.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop HVAC Service Furniture & Home Goods Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Venus
    County
    Johnson
    State
    Texas
    Longitude
    -97.11175
    Latitude
    32.415451

    Nearby Similar for Sale

    • $9,947,600

      Development Land with Extensive Road Frontage

      Unimproved acreage with private access and over 2,600 feet of frontage for a wide range of development uses.
      3632 CR-619, Venus, TX 76084
      View Details
    • $1,500,000

      Truck Parking & Shop Property

      Gated truck parking with an 80x50 shop provides income today and flexible space for expansion.
      801 S FM157, Venus, TX 76084
      View Details
    • $504,000

      Turnkey Class-A Duplex Opportunity

      Two leased, one-level 3-bedroom, 2-bath units with private fenced backyards, ready for stabilized income ownership.
      632 and 636 Harvest Moon Drive, Venus, TX 76084
      View Details
    • $1,600,000

      Development Land with Tenant-Occupied Homes

      Developable acreage outside the city limits, with two tenant-occupied mobile homes and a barn providing current rental income.
      1701 County Road 214, Venus, TX 76084
      View Details
    • $894,000

      Flat Buildable Farmland Tract

      20+ acre tract with an active ag exemption, ready for building with water availability and strong school access considerations.
      345 N Armstrong Road, Venus, TX 76084
      View Details
    • $675,000

      High-Visibility Retail Development Land

      Prime FM 157 frontage in a fast-growing corridor, offering development options for neighborhood-serving retail and services.
      Fm 157, Venus, TX 76064
      View Details
    • $2,269,650

      Venus, TX Unimproved Land

      30.262 acres of land with frontage on HWY 67.
      10816 County Road 501, Venus, TX 76084
      View Details
    • $2,000,000

      91.52 Acres in Venus, Texas

      91.52 acres of unimproved land in Venus, Texas ETJ.
      12548 FM-1807, Venus, TX 76009
      View Details
    • $2,545,000

      Zoned Agricultural Development Land

      Large-acre tract with rezoning optionality and convenient regional access for future development planning.
      1196 County Road 214, Venus, TX 76084
      View Details
    • $4,195,000

      Venus, TX Undeveloped Land

      70+ acre tract ideal for subdivision or residential development.
      13 Bulldog Drive, Venus, TX 76084
      View Details
    • $825,000

      Luxury Fourplex Investment

      Like-new, 100% occupied fourplex with class A finishes and garage amenities, designed for steady, long-term income.
      701-703-705-707 Harvest Moon Drive, Venus, TX 76084
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Johnson County, Texas.
    Where is this land located?
    The property is located at 1106 Pakse Street Venus, TX.
    What is the asking price?
    The asking price for this property is $98,500.
    What are key features of this property?
    This property features: Johnson County location; GPS directions available; No fencing
    (214) 991-0229
    We can help!
    Listing Contact
    John Thomas
    Real Estate License ID: 0620955
    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
    1106 Pakse Street, Venus, TX 76084
    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!