Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    21.67 Acres on FM 60 Title is generated by Realmo AI

    489 Fm 60 E, Somerville, TX 77879

    View on Map
    Claim this Listing
    For Sale
    $740,000

    21.67 acres on FM 60 between College Station and Brenham.

    Type:Land
    Lot size:
    21.67 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    190
    Last Refresh:
    May 11 at 12:03 am

    Property Features for 489 Fm 60 E

    General Information

    Standard status
    Active
    Lot size
    21.67 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Roman Moore

    Listing agent Roman Moore

    Listing office

    Listing date Nov 27, 2025

    Source Elliman

    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 Roman Moore

    HighLights

    • 21.67 ag‑exempt acres on FM 60
    • Located between College Station and Brenham, en route to Houston
    • Suitable for residential, commercial, or mixed‑use development
    • Access to Lyons water and electricity
    • Fully fenced property
    • Small pond

    Overview

    This property features 21.67 acres of ag-exempt land on the newly expanded FM 60 in Lyons, Texas, situated between College Station and Brenham. The fully fenced property has rolling terrain near the back portion and includes a small pond. Lyons water and electricity are accessible on the site. The property is suitable for residential, commercial, or mixed-use development, with potential uses including a ranch, dream home, truck stop, restaurant, gas station, or housing community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Building Supply Hair Salon Auto Repair Shop Garden Center Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Barber Shop Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Burleson
    State
    Texas
    Longitude
    -96.558125
    Latitude
    30.386389

    Nearby Similar for Sale

    • $199,000
      2,820 SF

      Historic Commercial Space in Somerville

      Remodeled commercial space in downtown Somerville, near Lake Somerville.
      125 7th Street, Somerville, TX 77879
      View Details
    • $149,500
      1,782 SF

      Highway Frontage Commercial Opportunity

      Former gas station with high visibility and versatile potential.
      17377 State Highway 36 S, Somerville, TX 77879
      View Details
    • $140,000
      2,940 SF

      Somerville Commercial Property with Storage

      Unrestricted property near Birch Creek State Park with storage units.
      13725 Park Road 57, Somerville, TX 77879
      View Details
    • $125,000

      Unrestricted Acre Commercial Land

      Unrestricted 1-acre tract on FM 2155 with city water available and strong road frontage for flexible development use.
      9436 FM 2155, Somerville, TX 77879
      View Details
    • $140,000

      Unrestricted Land with Storage Units

      Unrestricted property near Birch Creek State Park with storage units.
      13725 Park Road 57, Somerville, TX 77879
      View Details
    • $135,000

      Move-in Ready Retreat Near Lake Somerville

      Fenced, cleared lot with utilities, metal building, and RV.
      240 Cranberry Road, Somerville, TX 77879
      View Details
    • $98,000

      Somerville, TX 1.75-Acre Land

      1.75-acre property in Somerville, TX, near Lake Somerville.
      167 Signal Street, Somerville, TX 77879
      View Details
    • $229,000

      Somerville Land with Pond

      10.10-acre tract with pond near Lake Somerville.
      County Road 423, Somerville, TX 77879
      View Details
    • $139,000

      Somerville, TX Acreage Opportunity

      5-acre tract near Lake Somerville, perfect for a country home.
      Legacy Road lot: 25, Somerville, TX 77879
      View Details
    • $48,000

      Residential Land Near Lake Somerville

      Multiple residential lots near Lake Somerville and city amenities.
      8th (4 Lots) Street, Somerville, TX 77879
      View Details
    • $125,000

      Wooded Land Near Lake Somerville

      2+ acre wooded property near Lake Somerville, Texas.
      405 Possum Run, Somerville, TX 77879
      View Details

    FAQs

    What type of property is this?
    Land - 21.67 acres on FM 60 between College Station and Brenham.
    Where is this land located?
    The property is located at 489 Fm 60 E Somerville, TX.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: 21.67 ag‑exempt acres on FM 60; Located between College Station and Brenham, en route to Houston; Suitable for residential, commercial, or mixed‑use development
    (832) 687-8399
    We can help!
    Listing Contact
    Roman Moore
    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
    489 Fm 60 E, Somerville, TX 77879
    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!