Add Listing
    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

    212 1 St Somerville, TX 77879

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $39,900

    0.23 acre corner lot near Lake Somerville.

    Lot size:
    0.23 Acres

    Property Features for 212 1 St

    General Information

    Property type
    Land
    Standard status
    Active
    Lot size
    0.23 Acres

    We can help!

    Listing Contact
    Melanie Holton
    Melanie Holton
    Source: Elliman

    Listing Agency: HOLTON REALTY Listing Agent: Melanie Holton

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

    Learn more

    Overview

    Corner Lot Near Lake Somerville

    This 0.23-acre corner lot has established water, sewer, and electric utilities. Located approximately 1 mile from Lake Somerville, the property offers convenient access to recreational activities. The lot is ready for development.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Somerville
    County
    Burleson
    State
    Texas
    Longitude
    -96.4985
    Latitude
    30.4401

    Nearby Similar for Sale

    • $360,000
      2,600 SF

      Equestrian Property with Arena

      9-acre horse property featuring barn and riding arena.
      County Road 201, Somerville, TX 77879
      View Details
    • Contact for pricing
      2,820 SF

      Historic Commercial Building in Somerville

      Remodeled commercial space in growing city near Lake Somerville.
      125 7Th St, Somerville, TX 77879
      View Details
    • $1,350,000
      97.59 Acres

      97.5 Acres Pasture Land, Somerville

      Improved pasture land with ponds, barns, and working pens.
      Farm To Market Rd 1361, Somerville, TX 77879
      View Details
    • $869,000

      Ag-Exempt Property Near Lake Somerville

      25-acre retreat with stocked pond, shop, and income potential.
      16024 State Highway 36 S, Somerville, TX 77879
      View Details
    • $475,000

      Rural Retreat on Private Acres

      Manufactured home on 10 acres near Bryan/College Station.
      12044 Fm 2155, Somerville, TX 77878
      View Details
    • $869,000

      Somerville Acreage with Stocked Pond

      25-acre property near Lake Somerville with home and shop.
      16024 State Highway 36 S, Somerville, TX 77879
      View Details
    • $2,095,000

      80 Acres Near Lake Somerville

      Spacious property with custom home, barn, and recreational opportunities.
      10433 County Road 162, Somerville, TX 77879
      View Details
    • $11,788,330

      Texas Ranchland with Brazos Frontage

      913 acres of premier Texas ranchland between Brenham and College Station.
      913 Acres County Rd 444, Somerville, TX 77879
      View Details
    • $900,000
      10.00 Acres

      10 Acres Commercial Land, Somerville, TX

      Prime Commercial Land Near Major Highways
      Gun Range Rd, Somerville, TX 77879
      View Details
    • $631,925
      18.00 Acres

      Prime Commercial Land Near Lake Somerville

      18 Acres, High-Traffic Location, Development Potential
      4 Recreational Rd, Somerville, TX 77879
      View Details

    FAQs

    What type of property is this?
    Land - 0.23 acre corner lot near Lake Somerville.
    Where is this land located?
    The property is located at 212 1 St Somerville, TX.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: - Established water, sewer, and electric utilities on the property.; - **0.23 acre corner lot.**; - Approximately 1 mile from Lake Somerville, offering recreational activities.
    (979) 277-9944
    Request Owner's contact information
    212 1 St Somerville, TX 77879
    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.
    212 1 St
    Somerville, TX 77879
    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
    212 1 St Somerville, TX 77879
    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
    Melanie Holton
    Melanie Holton
    Real Estate License ID: 0527556
    (979) 277-9944 (979) 277-4190
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!