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

    3021 Fm 1689 Comanche, TX 76442

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,650,000

    Land available in Comanche, Texas.

    Lot size:
    235.00 Acres

    Property Features for 3021 Fm 1689

    General Information

    Lot size
    235.00 Acres

    We can help!

    Listing Contact
    Joshua Smith
    Source: Elliman

    Listing Agent: Joshua Smith

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

    Learn more

    Overview

    Comanche Land For Sale

    This property, located at 3021 FM 1689 in Comanche, Texas, is available for sale. The listing price is $3,650,000.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Comanche
    County
    Comanche
    State
    Texas
    Longitude
    -98.6578
    Latitude
    31.9079

    Nearby Similar for Sale

    • New
      $650,000
      0.14 Acres

      Iconic Mixed-Use Building in Comanche

      Three-story building with retail, apartments, and ballroom in downtown Comanche.
      100 W Central Ave, Comanche, TX 76442
      View Details
    • $3,650,000
      235.29 Acres

      Premier Ranch with Trophy Exotics

      Turn-key ranch featuring luxury living and exceptional recreation on 235+ acres.
      3021 Fm-1689, Comanche, TX 76442
      View Details
    • $999,999
      0.24 Acres

      Historic Buildings in Comanche, Texas

      Three restored buildings with versatile space and income streams.
      120/124 N Austin St, Comanche, TX 76442
      View Details
    • $895,000
      2,462 SF

      Secluded Ranch with Modern Home

      40.19 acre ranch featuring a modern, well-appointed home.
      823 County Road 116, Comanche, TX 76442
      View Details
    • $515,000
      0.08 Acres

      Turnkey Beer Garden in Historic Building

      Thriving beer garden in restored 1913 building on town square.
      120 N Austin St, Comanche, TX 76442
      View Details
    • New
      $1,200,000
      7,696 SF

      Comanche Retail Storefront Opportunity

      Exceptional 7,696 SF commercial property in the heart of Comanche, TX.
      405 407 409 E Central A Central, Comanche, TX 76442
      View Details
    • $75,000
      0.06 Acres

      Lake Proctor Getaway Spot

      Two adjoining lots with a 2018 travel trailer near Lake Proctor.
      357 Discovery Bay Rd, Comanche, TX 76442
      View Details
    • $849,000
      5,823 SF

      Comanche Retail and Warehouse Property

      Renovated retail store with warehouse and drive-through loading.
      401 E Central Ave, Comanche, TX 76442
      View Details
    • $750,000
      1.64 Acres

      Comanche Multifamily Investment Opportunity

      16-unit multifamily property in Comanche, Texas, for sale.
      1316 N Mary St, Comanche, TX 76442
      View Details
    • $750,000
      13,106 SF

      Comanche Multifamily Investment Opportunity

      16-unit multifamily property in Comanche, Texas with value-add potential.
      1316 N Mary St, Comanche, TX 76442
      View Details
    • $199,900
      0.59 Acres

      Comanche Warehouse Near Highway

      Large warehouse near highways 377 and 67 in Comanche, TX.
      103 Indian Creek Dr, Comanche, TX 76442
      View Details
    • $1,150,000
      73.28 Acres

      Operational Pecan Farm in Comanche

      Turn-key pecan farm with processing facilities and equipment included.
      751 County Road 424, Comanche, TX 76442
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Comanche, Texas.
    Where is this land located?
    The property is located at 3021 Fm 1689 Comanche, TX.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - No selling points could be extracted from the provided information.
    (512) 699-4684
    Request Owner's contact information
    3021 Fm 1689 Comanche, TX 76442
    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.
    3021 Fm 1689
    Comanche, TX 76442
    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
    3021 Fm 1689 Comanche, TX 76442
    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
    Joshua Smith
    Real Estate License ID: 0673210
    (512) 699-4684
    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.