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

    317 Memory Ln Burton, TX 77835

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $449,000

    Unrestricted acreage suitable for residential, agricultural, or commercial use.

    Lot size:
    8.30 Acres

    Property Features for 317 Memory Ln

    General Information

    Lot size
    8.30 Acres

    We can help!

    Listing Contact
    Samantha Medve
    Source: Elliman

    Listing Agent: Samantha Medve

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

    Learn more

    Overview

    Unrestricted Acreage Near Highway 290

    This unrestricted acreage is located approximately 0.5 miles from Highway 290, situated on a dead-end road. The property offers seclusion and views, suitable for various ventures. It can accommodate building a home, be maintained as a hay meadow, or be converted to commercial use. Trees surround the property, and a lake is located across Memory Lane. The property has few neighbors.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Food Market Grocery Store Garden Center Bed & Breakfast Cosmetics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Burton
    County
    Washington
    State
    Texas
    Longitude
    -96.6177995
    Latitude
    30.1568404

    Nearby Similar for Sale

    • $990,000
      1.26 Acres

      Burton Landmark Retail Opportunity

      Turn-key businesses with exceptional visibility in the heart of Burton.
      12390 Fm 390 Rd, Burton, TX 77835
      View Details
    • $780,000
      5,742 SF

      Burton, TX Residential Income Property

      Residential income property in historic Burton, Texas with excellent occupancy.
      515 E Texas St, Burton, TX 77835
      View Details
    • $1,095,000
      2,497 SF

      Burton, TX Farm with Shop

      15-acre farm with pecan grove, pond, and 40x40 shop.
      775 Century Farms Rd, Burton, TX 77835
      View Details
    • $3,499,000
      1,500 SF

      Secluded Farm with Casita and Barns

      74.24-acre farm featuring a casita and re-engineered barns.
      1905 Century Farms Rd, Burton, TX 77835
      View Details
    • New
      $849,000
      1,493 SF

      Farmhouse with Guest House and Barn

      Charming remodeled farmhouse with guest house and barn on 11+ acres.
      1155 Lomax Harmel Rd, Burton, TX 77835
      View Details
    • $399,000
      8.03 Acres

      Burton, Texas 8-Acre Property

      8-acre property in Burton, Texas, with barn and bunkhouse.
      3395 Farm To Market 1948 N, Burton, TX 77835
      View Details
    • $499,999

      Burton, Texas Manufactured Home

      Ten unrestricted acres with renovated barn and comfortable manufactured home.
      10901 Harmon School Rd, Burton, TX 77835
      View Details
    • $1,599,000

      22.42 Acre Country Home

      Custom home on 22.42 acres with new metal barn.
      7650 Rolling Creek Rd, Burton, TX 77835
      View Details
    • $950,000

      Burton Farm with Vintage Charm

      15.224-acre property with a circa-1940s home and mature trees.
      1118 Fm 1697 Rd, Burton, TX 77835
      View Details
    • $1,695,000

      Washington County Acreage with Custom Home

      49.686 acres in Washington County featuring a custom home.
      1450 Fm 2502 Rd, Burton, TX 77835
      View Details
    • $925,000

      Picturesque Acreage with Live Oak

      Scenic 28.41-acre property near Brenham and Round Top, Texas.
      Rolling Creek Rd, Burton, TX 77835
      View Details
    • $1,669,500

      Texas Land with Views

      Land with views, oak trees, and pastures in Texas.
      1855 N Fm 1948 Rd, Burton, TX 77835
      View Details

    FAQs

    What type of property is this?
    Farm - Unrestricted acreage suitable for residential, agricultural, or commercial use.
    Where is this farm located?
    The property is located at 317 Memory Ln Burton, TX.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Unrestricted acreage ideal for residential, agricultural, or commercial development.; - Enjoy privacy with a secluded location on a dead-end road.; - Convenient access with close proximity to Highway 290.
    (936) 662-7604
    Request Owner's contact information
    317 Memory Ln Burton, TX 77835
    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.
    317 Memory Ln
    Burton, TX 77835
    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
    317 Memory Ln Burton, TX 77835
    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
    Samantha Medve
    Real Estate License ID: 649466
    (936) 662-7604
    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.