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

    806 Meadow Ln Wharton, TX 77488

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $165,000

    Updated duplex with immediate rental income in a prime location.

    Lot size:
    0.26 Acres

    Property Features for 806 Meadow Ln

    General Information

    Lot size
    0.26 Acres

    Building Details

    Year built
    1935

    We can help!

    Listing Contact
    Honey Dunlap
    Honey Dunlap
    Source: Elliman

    Listing Agent: Honey Dunlap

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

    Learn more

    Overview

    Updated Duplex in Wharton

    This updated duplex in Wharton presents an investment opportunity, featuring two spacious 1-bed, 1-bath units, both currently rented and generating immediate rental income. The downstairs unit includes a 1-bed, 1-bath layout with new laminate flooring, fresh paint, and modern windows. The upstairs unit also features 1-bed, 1-bath, complete with a 2-car garage and laundry hookups. Recent upgrades include new laminate flooring, fresh paint, and windows. The property is located near shops, schools, and amenities, making it desirable for tenants. The duplex is nestled under pecan trees, enhancing its curb appeal. This duplex is suitable for investors or an owner-occupant seeking rental income.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wharton
    County
    Wharton
    State
    Texas
    Longitude
    -96.0886766
    Latitude
    29.318749

    Nearby Similar for Sale

    • $13,000,000
      1,455.00 Acres

      Expansive Ranch with Colorado River Frontage

      1455+ acre Wharton Ranch with river frontage and improvements.
      102 S Co Rd, Wharton, TX 77488
      View Details
    • $6,000,000

      Sprawling Farm with Updated Residence

      150+ acre farm featuring updated home and multiple barns.
      7654 County Road 121, Wharton, TX 77488
      View Details
    • $1,200,000
      3,295 SF

      Equestrian Estate with Multi-Residences

      32-acre equestrian estate featuring multiple residences and extensive equestrian facilities.
      6510 Fm 3012 Rd, Wharton, TX 77488
      View Details
    • $775,000
      2,060 SF

      Updated Home on Sprawling Acreage

      Updated 4-bedroom home on 13 acres with agricultural exemption.
      3535 Peach Creek Dr, Wharton, TX 77488
      View Details
    • $485,000

      Historic Wharton Square Property

      Charming property on Wharton's historic square with endless potential.
      129 S Fulton St, Wharton, TX 77488
      View Details
    • $850,000
      4,216 SF

      Producing Pecan Orchard with Home

      Turn-key pecan orchard with home and equipment for sale.
      402 County Road 111, Wharton, TX 77488
      View Details
    • $650,000

      44.9-Acre Ranch Near Wharton, TX

      Ranch property with cabin, barn, pastures, and wooded areas.
      811 County Road 230, Wharton, TX 77488
      View Details
    • $230,000

      Tenant-Occupied Duplex Investment Opportunity

      Duplex with two units, tenant-occupied, offering immediate rental income.
      611 Reed Ave, Wharton, TX 77488
      View Details
    • $229,000

      Wharton Commercial Building For Sale

      Metal building on a city lot, suitable for retail.
      707 E Milam St, Wharton, TX 77488
      View Details
    • $189,300
      1,400 SF

      Well-Maintained Property with Green Areas

      A well-maintained property featuring good room sizes and abundant green areas.
      718 E Columbus Dr, Wharton, TX 77488
      View Details
    • $350,000

      Wharton, TX Fourplex Investment

      Fourplex investment property in Wharton, TX, near Houston.
      607 Reed Ave, Wharton, TX 77488
      View Details
    • $240,000

      Wharton Orchard Farmland For Sale

      Farmland with deed restrictions and pecan trees in Wharton, Texas.
      0000 Orch Dr, Wharton, TX 77488
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex with immediate rental income in a prime location.
    Where is this duplex located?
    The property is located at 806 Meadow Ln Wharton, TX.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Immediate rental income from two currently rented units; - Updated units with new laminate flooring, fresh paint, and modern windows; - Prime location near shops, schools, and amenities
    (281) 236-4026
    Request Owner's contact information
    806 Meadow Ln Wharton, TX 77488
    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.
    806 Meadow Ln
    Wharton, TX 77488
    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
    806 Meadow Ln Wharton, TX 77488
    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
    Honey Dunlap
    Honey Dunlap
    (281) 236-4026
    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.