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

    438 S Flournoy Rd Alice, TX 78332

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for sale in Alice, Texas.

    Lot size:
    4.00 Acres

    Property Features for 438 S Flournoy Rd

    General Information

    Lot size
    4.00 Acres

    We can help!

    Listing Contact
    Blake Rogers
    Blake Rogers
    Source: Moodyscre

    Listing Agent: Blake Rogers

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

    Learn more

    Property Insight Report

    Overview

    Land For Sale Alice, Texas

    Available for sale is land located at 438 S Flournoy Rd in Alice, Texas 78332. Further details are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alice
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.045352
    Latitude
    27.750123

    Nearby Similar for Sale

    • $498,000
      240 SF

      RV Park Investment Opportunity

      2.89-acre RV park with homes and expansion potential near Alice.
      180 County Road 112, Alice, TX 78332
      View Details
    • $240,000
      3,528 SF

      Income-Producing Commercial Property on Highway

      Income-producing commercial property with versatile space and highway frontage.
      2527 N Us Highway 281, Alice, TX 78332
      View Details
    • $230,000
      1,744 SF

      Alice, TX Commercial Opportunity

      Spacious commercial property with drive-thru, ideal for restaurant/retail.
      406 N Johnson St, 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 Rd, Alice, TX 78332
      View Details
    • $440,000
      18,837 SF

      Office and Warehouse on 2.73 Acres

      Office and warehouse space with easy access in Alice, Texas.
      908 Cecilia St, Alice, TX 78332
      View Details
    • $285,000
      1,972 SF

      Office Building with Garage/Warehouse

      Office building with attached garage/warehouse in Alice, TX.
      215 E 1St St, Alice, TX 78332
      View Details
    • $365,000
      14,615 SF

      Renovated Commercial Property on Corner Lot

      Versatile commercial property with ample parking and flexible layout.
      401 W 2Nd St, Alice, TX 78332
      View Details
    • $499,900
      9,510 SF

      Commercial Building in Alice, Texas

      Commercial building with offices, bathrooms, and leased daycare in Alice.
      1004-1006 E 6Th St, Alice, TX 78332
      View Details
    • $225,000
      1,720 SF

      Alice, TX Commercial Property

      Commercial property with drive-thru, kitchen, and large parking lot.
      200 Cecilia St, Alice, TX 78332
      View Details
    • $250,000
      2,296 SF

      Downtown Alice Commercial Building

      2,296 sq ft building in revitalized downtown Alice, Texas.
      202 E Main St, Alice, TX 78332
      View Details
    • $265,000
      1,704 SF

      Alice, Texas Home on Acreage

      Three-bedroom home with two bathrooms on approximately 2 acres.
      199 Fm 1554, Alice, TX 78332
      View Details
    • $175,000
      2,940 SF

      Spacious Sanctuary with Income Apartment

      Property with sanctuary, party room, and income-producing apartment.
      522 Mcmaster Rd, Alice, TX 78332
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale in Alice, Texas.
    Where is this land located?
    The property is located at 438 S Flournoy Rd Alice, TX.
    What are key features of this property?
    This property features: - Land available for sale; - Located at 438 S Flournoy Rd, Alice, Texas; - Zip code: 78332
    (817) 334-8152
    Request Owner's contact information
    438 S Flournoy Rd Alice, TX 78332
    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.
    438 S Flournoy Rd
    Alice, TX 78332
    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
    438 S Flournoy Rd Alice, TX 78332
    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
    Blake Rogers
    Blake Rogers
    (817) 334-8152
    Learn more
    Google sign-in failed. Please try again or use another login method.