Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Taft, TX Development Land Title is generated by Realmo AI

    1201 Gregory Street lot Pt Tr A, Taft, TX 78390

    View on Map
    Claim this Listing
    For Sale
    $553,000

    LAND - Taft, TX

    Property size:
    44,782 SF
    Lot size:
    3.23 Acres
    Price / SF:
    $12/SF
    Added:
    Feb 20, 2026
    Days on Market:
    86
    Last Refresh:
    May 17 at 5:06 am

    Property Features for 1201 Gregory Street lot Pt Tr A

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    47943, 47954
    Size
    44,782 SF
    Lot size
    3.23 Acres

    Taxes and HOA fees

    Tax Description
    ABST 135 JOHN GIBBS TR A AND BUILDING THERE ON 2.07ACRES & ABST . 135 JOHN GIBBS SUR PT T R A 1.16 ACRES

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Shawn Cass
    Shawn Cass

    Listing agent Shawn Cass License #0326039

    Listing office Cass Real Estate 401 US Hwy 181, Portland, TX

    Listing date Feb 20, 2026

    MLS# 471993 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3.23 acre property with excellent frontage: 417' on Gregory Street and 273' on Roots Avenue.
    • High traffic location with 12,880 vehicles per day on US Highway 181.
    • Close proximity to US Highway 181, offering value and visibility.
    • City water and city sewer available.
    • Located in Taft, Texas, experiencing significant growth.
    • Proximity to major industrial employers.

    Overview

    This 3.23-acre property is located in Taft, Texas, which has experienced growth over the past 20 years. Situated along the US Highway 181 corridor, Taft sees more than 12,880 vehicles per day traveling to nearby cities. The property features 417 feet of frontage along Gregory Street and 273 feet along Roots Avenue, offering visibility and value due to its proximity to US Highway 181. It is suited for developing business ventures. City water and city sewer are available. The property includes San Patricio County Appraisal District Parcel ID 47953 and 47954. Located a short distance from Gulf Coast Growth Ventures, Steel Dynamics, Port of Corpus Christi La Quinta Trade Terminal, ArcelorMittal, Oxy, Chemours, Kiewit and Cheniere, the location at 1201 Gregory is positioned for business. Zoning and utility questions should be directed to the City of Taft.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Taft
    County
    San Patricio
    State
    Texas
    Longitude
    -97.384758
    Latitude
    27.973976

    Nearby Similar for Sale

    • $1,250,000
      15,576 SF

      Taft Retail Store on Highway

      Retail store with offices, loading dock, and fenced storage.
      616 US Highway 181, Taft, TX 78390
      View Details
    • $1,100,000
      9,100 SF

      Commercial Warehouse Ready For Enterprise

      Commercial warehouse with office space on 2.7 partially fenced acres.
      8808 County Road 1458, Taft, TX 78390
      View Details
    • $60,000
      1,220 SF

      Commercial Building in Taft, Texas

      Commercial property suitable for store, restaurant, or retail use.
      101 Mcintyre Avenue, Taft, TX 78390
      View Details
    • $220,000

      Waterfront Acreage in Taft, Texas

      Bayfront land with water views near Corpus Christi.
      W/2 OF LOT 17 County Road 2200 lot: 17, Taft, TX 78390
      View Details
    • $300,000

      Prime Commercial Land Opportunity

      11.04 acres in Taft, TX, for commercial development.
      180 US Highway 181 lot: 0, Taft, TX 78390
      View Details
    • $45,000

      Land in Taft, Texas

      Spacious lot near new school construction, potential for growth.
      718 Mcintyre Avenue lot: 4, Taft, TX 78390
      View Details
    • $115,000
      1,750 SF

      Versatile Commercial Building in Taft, TX

      Commercial building with flexible layout, ideal for retail or office.
      206 Green Avenue, Taft, TX 78390
      View Details
    • $199,000

      Taft, TX Waterview Land

      1.13 acre waterview lot with potential to build dream home.
      9126 County Road 2226 lot: 3A, Taft, TX 78390
      View Details
    • $495,000

      Taft, TX Acreage with Views

      5.5-acre tract near Portland with Nueces Bay views.
      CR 2226 lot: 1, Taft, TX 78390
      View Details
    • $79,000
      2,403 SF

      Professional Office Building in Taft

      Office building in downtown Taft, ready for professional use.
      120 Green Avenue, Taft, TX 78390
      View Details
    • $500,000

      Taft, TX Acreage For Sale

      6.67 acres near Portland, Texas, with sunrise and sunset views.
      2540 County Road 3161 lot: 9B, Taft, TX 78390
      View Details
    • $164,000

      Ag-Exempt Land in Taft, Texas

      5.56 acres of ag-exempt land with development potential.
      8 Compress Rd lot: 8, Taft, TX 78390
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.23 acre commercial land for sale in Taft, TX.
    Where is this commercial land located?
    The property is located at 1201 Gregory Street lot Pt Tr A Taft, TX.
    What is the asking price?
    The asking price for this property is $553,000.
    What are key features of this property?
    This property features: 3.23 acre property with excellent frontage: 417' on Gregory Street and 273' on Roots Avenue.; High traffic location with 12,880 vehicles per day on US Highway 181.; Close proximity to US Highway 181, offering value and visibility.
    (972) 333-3727
    We can help!
    Listing Contact
    Shawn Cass
    Shawn Cass
    Real Estate License ID: 0326039
    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
    1201 Gregory Street lot: Pt Tr A, Taft, TX 78390
    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!