Your AI Navigator in Commercial Real Estate
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

    8958 N Walker Rd Cleveland, TX 77328

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $270,000

    5-acre unrestricted property with utilities and structures near Cleveland.

    Lot size:
    5.00 Acres

    Property Features for 8958 N Walker Rd

    General Information

    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Jenny Correa
    Jenny Correa
    Source: Elliman

    Listing Agent: Jenny Correa

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

    Learn more

    Overview

    Unrestricted Land with Utilities

    This is a 5-acre unrestricted property located in Peach Creek Station. The land includes a water well, septic system, and available electricity. A 10x12 cabin and storage shed are included on the property. The location allows for country living with proximity to Cleveland and access to Highway 105. The property is suitable for building a home, keeping animals, and outdoor activities.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Hotel & Motel Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.280946
    Latitude
    30.372469

    Nearby Similar for Sale

    • $825,000

      Industrial Facility with Expansive Yard

      Manufacturing and industrial facility with multiple buildings and excellent accessibility.
      2565 Lee Turner Rd, Cleveland, TX 77328
      View Details
    • $269,000
      4,927 SF

      Versatile Facility with Event Potential

      Adaptable 5,000 sq ft facility suitable for various purposes.
      301 S Fenner Ave, Cleveland, TX 77327
      View Details
    • $719,000

      Unrestricted Acreage with Modern Comfort

      Spacious home on six unrestricted acres with pool and shop.
      1122 County Road 2274, Cleveland, TX 77327
      View Details
    • $3,200,000
      4,600 SF

      Spectacular 138-Acre Longhorn Ranch

      138-acre Longhorn ranch with natural beauty and refined rural living.
      489 Everitt Rd, Cleveland, TX 77328
      View Details
    • $2,665,800

      148 Acres Pastureland Ready Operation

      Large acreage tract for cattle and hay operation.
      187 County Road 2194, Cleveland, TX 77327
      View Details
    • $689,000

      Texas Ranch Estate with Pond

      15+ acre ranch estate with stocked pond near I-59.
      14651 Fm 1725 Rd, Cleveland, TX 77328
      View Details
    • $240,000

      Cleveland TX Investment Duplex Portfolio

      Portfolio of five fully-occupied duplexes in Cleveland, TX.
      1401 Truman St, Cleveland, TX 77327
      View Details
    • $240,000

      Cleveland TX Investment Opportunity

      Portfolio of five fully-occupied duplexes in Cleveland, TX.
      706 Lyle West Ave, Cleveland, TX 77327
      View Details
    • $2,199,999

      Luxury Ranch with Equestrian Features

      56-acre ranch featuring luxury living, farming, and equestrian amenities.
      260 S Moody Ln, Cleveland, TX 77328
      View Details
    • $240,000

      Five Duplex Portfolio in Cleveland

      Portfolio of five fully-occupied duplexes in Cleveland, Texas.
      1413 Truman St, Cleveland, TX 77327
      View Details
    • $1,800,000

      40-Acre Agricultural Land Parcel

      40 acres with agricultural and residential zoning, ideal for farming.
      806 Cleveland Ave, Cleveland, TX 77327
      View Details
    • $240,000

      Five Duplex Portfolio in Cleveland

      Portfolio of five fully-occupied duplexes in Cleveland, TX.
      1409 Truman St, Cleveland, TX 77327
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre unrestricted property with utilities and structures near Cleveland.
    Where is this land located?
    The property is located at 8958 N Walker Rd Cleveland, TX.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - 5-acre unrestricted property offers flexibility for various uses.; - Includes existing water well, septic system, and electricity.; - Features a 10x12 cabin and storage shed.
    (281) 935-4838
    Request Owner's contact information
    8958 N Walker Rd Cleveland, TX 77328
    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.
    8958 N Walker Rd
    Cleveland, TX 77328
    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
    8958 N Walker Rd Cleveland, TX 77328
    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
    Jenny Correa
    Jenny Correa
    Real Estate License ID: 0519842
    (281) 935-4838
    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.