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

    1157 County Rd 491, Dayton, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    20+/- acres of unrestricted land with existing structures.

    Type:LAND
    Lot size:
    20.00 Acres
    Added:
    Oct 1, 2024
    Days on Market:
    611
    Last Refresh:
    May 20 at 8:10 pm

    Property Features for 1157 County Rd 491

    General Information

    Standard status
    Active
    Lot size
    20.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Astrid R Forbes
    Astrid R Forbes

    Listing agent Astrid R Forbes License #0749509

    Listing office BHGRE Gary Greene

    Listing date Oct 1, 2024

    Source Moodyscre

    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 BHGRE Gary Greene

    HighLights

    • 20+/- Unrestricted Acres: Offers endless possibilities.
    • Cleared Land with Existing Infrastructure: Includes a house, 2 canopies, barn, and storage.
    • Fenced Perimeter: Provides security and defines property boundaries.
    • Direct Access from CR 491: Ensures convenient access and visibility.
    • Commercial Potential: Suitable for various commercial ventures.
    • Located in a Fast‑Growing County: Presents a promising investment opportunity.

    Overview

    This property features 20+/- acres of unrestricted land. The cleared land includes a house, two canopies, a barn, and storage. The property is fenced and has access from County Road 491. The location and lack of restrictions make it suitable for various uses, including a private retreat, multi-family housing, an industrial park, or retail development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dayton
    County
    Liberty
    State
    Texas
    Longitude
    -94.9156
    Latitude
    30.0179

    Nearby Similar for Sale

    • $1,310,000

      Unimproved Land in Dayton, Texas

      0.81 acres of unimproved land at Hwy 90 & S 146.
      210 S Highway 146, Dayton, TX 77535
      View Details
    • $599,900

      Unrestricted Land Parcel

      Cleared, level, unrestricted land offering flexible options for residential, commercial, or multi-family development.
      518 CR 677, Dayton, TX 77535
      View Details
    • $595,000
      4,000 SF

      Fenced Property with Workshop Area

      Centrally located property featuring office, workshop, and canopy areas.
      212 Bryan St, Dayton, TX
      View Details
    • $515,000

      Five-Unit Multifamily Property in Dayton

      Updated five-unit property in Dayton, currently fully leased.
      105 W Linney St, Dayton, TX 77535
      View Details
    • $796,500

      Unrestricted Commercial Land with Paved Frontage

      Unrestricted acreage with paved road frontage for flexible investment, commercial use, or a future private homesite.
      FM 686, Dayton, TX 77535
      View Details
    • $300,000
      3,456 SF

      Unrestricted Land with Barndominium Shell

      8.3 acres with barndominium shell, ready for customization.
      531 County Road 4882, Dayton, TX 77535
      View Details
    • $1,310,000
      35,283 SF

      Unimproved Land on Highway 90

      0.81 acres of unimproved land in Dayton, Texas.
      210 Highway 146, Dayton, TX 77535
      View Details
    • $755,000

      Prime Acreage on Highway 146

      1.054 acres with utilities off Highway 146 in Dayton.
      700 Highway 146, Dayton, TX 77535
      View Details
    • $79,900

      Wooded Lot in Dayton ISD

      Half-acre wooded lot with city utilities in Dayton, Texas.
      2211 Waco Street, Dayton, TX 77535
      View Details
    • $229,999
      1,633 SF

      Downtown Dayton Mixed-Use Opportunity

      Versatile property suitable for residential, office, or commercial use.
      406 Cook St, Dayton, TX 77535
      View Details
    • $7,400,000
      6,000 SF

      157 Acres with Barndominium

      157 acres with barndominium for residential or commercial use.
      14725 N Hwy 146, Dayton, TX 77535
      View Details
    • $749,500
      3,077 SF

      Liberty County Ranch with River Frontage

      46.44 acre ranch featuring a custom storm-resistant home.
      551 Private Road 643A, Dayton, TX 77535
      View Details

    FAQs

    What type of property is this?
    Land - 20+/- acres of unrestricted land with existing structures.
    Where is this land located?
    The property is located at 1157 County Rd 491 Dayton, TX.
    What are key features of this property?
    This property features: 20+/- Unrestricted Acres: Offers endless possibilities.; Cleared Land with Existing Infrastructure: Includes a house, 2 canopies, barn, and storage.; Fenced Perimeter: Provides security and defines property boundaries.
    (832) 998-6835 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Astrid R Forbes
    Astrid R Forbes
    Real Estate License ID: 0749509
    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
    1157 County Rd 491, Dayton, TX
    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!