Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    203 Veteran's Memorial Dr Navasota, TX 77868

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $826,000

    7.582 acres near downtown Navasota with highway frontage.

    Property size:
    7 SF
    Lot size:
    7.85 Acres

    Property Features for 203 Veteran's Memorial Dr

    General Information

    Size
    7 SF
    Lot size
    7.85 Acres

    We can help!

    Listing Contact
    Robert Whitaker
    Source: Svn

    Listing Agent: Robert Whitaker

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

    Learn more

    Overview

    Navasota Land with Highway Frontage

    The property consists of 7.582 acres, part of a larger 14.985-acre tract. It features approximately 529 feet of frontage on Veteran's Memorial Drive. Located approximately 2 miles from downtown Navasota, the site offers convenient access to shopping, restaurants, and entertainment. The property is also situated about 3 miles from Navasota High School. Navasota's city boundary borders the east and south sides of the property. Situated just outside the city limits of Navasota in Grimes County, the location is approximately 25 miles south of Bryan/College Station and about 60 miles northwest of Houston. The property is located west of State Highway 6 and 1/2 mile south of Highway 105. It is adjacent to the Navasota Municipal Airport and behind the County Commissioner's office. Utilities from the City of Navasota are available on the northeast corner of the 14.985-acre tract. The property is located within a Qualified Opportunity Zone.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Navasota
    County
    Grimes
    State
    Texas
    Longitude
    -96.0045
    Latitude
    30.367

    Nearby Similar for Sale

    • $1,200,000
      6,274 SF

      Historic Building in Downtown Navasota

      6,274 SF building with loft, courtyard, and metal building.
      108 West Washington St, Navasota, TX 77868
      View Details
    • $1,600,000
      Pending

      Navasota Medical Center Adaptable Building

      Renovated medical center adaptable to various uses.
      501 E Washington Ave, Navasota, TX 77868
      View Details
    • $75,000

      Navasota Retail Property For Sale

      Commercial property near Railroad District with high visibility and traffic.
      1101 West Washington St, Navasota, TX 77868
      View Details
    • $499,000

      Mixed-Use Investment Property in Navasota

      Mixed-use property with residential and commercial units in downtown Navasota.
      408 S La Salle St, Navasota, TX 77868
      View Details
    • $1,600,000
      8,169 SF

      Navasota Retail Building on Highway

      Freestanding retail building with high visibility and traffic count.
      9230 N Highway 6 Loop, Navasota, TX 77868
      View Details
    • $6,400,000
      5,928 SF

      Navasota Estate with Lake

      Premier 170-acre estate with diverse landscapes and excellent water features.
      1009 Navasota St, Navasota, TX 77868
      View Details
    • $1,399,000
      3,232 SF

      Ranch with Brazos Valley Views

      Ranch property featuring two homes and stunning Brazos Valley views.
      16145 Fm 1227 Rd, Navasota, TX 77868
      View Details
    • $1,100,000

      Navasota Redevelopment Opportunity

      Corner lot ideal for redevelopment in Navasota's commercial district.
      701 W Washington Ave, Navasota, TX 77868
      View Details
    • $889,000

      Spacious Home with Orchard and Pond

      Six-bedroom home with barn, orchard, and stocked pond.
      4569 Deep Forest Trl, Navasota, TX 77868
      View Details
    • $950,000

      Highway Frontage Acreage with Shop

      12-acre property with farmhouse, shop, and entertainment barn.
      17260 Highway 6, Navasota, TX 77868
      View Details
    • $1,580,000

      Scenic 40-Acre Ranch in Whitehall

      40-acre ranch in Whitehall, TX, ideal for cattle or equestrian.
      2142 County Road 306, Navasota, TX 77868
      View Details
    • $1,500,000
      2,368 SF

      Whitehall Cattle Ranch with Pond

      45.66-acre cattle ranch featuring a pond and updated home.
      2850 Fm 2 Rd, Navasota, TX 77868
      View Details

    FAQs

    What type of property is this?
    Land - 7.582 acres near downtown Navasota with highway frontage.
    Where is this land located?
    The property is located at 203 Veteran's Memorial Dr Navasota, TX.
    What is the asking price?
    The asking price for this property is $826,000.
    What are key features of this property?
    This property features: - Located in a Qualified Opportunity Zone; - Approximately 529 ft of frontage on Veteran's Memorial Dr; - Utilities from the City of Navasota are available
    (281) 300-0997
    Request Owner's contact information
    203 Veteran's Memorial Dr Navasota, TX 77868
    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.
    203 Veteran's Memorial Dr
    Navasota, TX 77868
    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
    203 Veteran's Memorial Dr Navasota, TX 77868
    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

    We can help!
    Listing Contact
    Robert Whitaker
    Real Estate License ID: 0216231
    (281) 300-0997
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.