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

    1157 County Rd 491 Dayton, TX 77535

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,356,000

    20+/- acres of unrestricted land suitable for various uses.

    Lot size:
    20.00 Acres

    Property Features for 1157 County Rd 491

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Active
    Lot size
    20.00 Acres

    Building Details

    Year built
    2014

    We can help!

    Listing Contact
    Astrid Forbes
    Astrid Forbes
    Source: Elliman

    Listing Agency: BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE - CHAMPIONS Listing Agent: Astrid Forbes

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

    Learn more

    Overview

    Unrestricted Land with Commercial Potential

    This property features 20+/- acres of unrestricted land. The cleared land includes a house, two canopies, a barn, and storage. Fencing surrounds the perimeter. With access from CR 491, the property is suitable for commercial development. Potential uses include a private retreat, multi-family housing, an industrial park, or retail. The location in a rapidly growing county enhances its investment value.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dayton
    County
    Liberty
    State
    Texas
    Longitude
    -94.9156
    Latitude
    30.0179

    Nearby Similar for Sale

    • $595,000
      4,000 SF

      Fenced Property with Workshop Area

      Centrally located property featuring office, workshop, and canopy areas.
      212 Bryan St, Dayton, TX
      View Details
    • $980,000

      Off-Grid Country Oasis in Dayton

      Sustainable, self-sufficient property with solar system and agricultural potential.
      80 Road 3017 B, Dayton, TX 77535
      View Details
    • $389,000

      Turnkey 5-Plex in Quiet Neighborhood

      Fully occupied 5-plex with recent updates and expansion potential.
      108 W Barrow St, Dayton, TX 77535
      View Details
    • $775,000

      Dayton Horse Property with Acreage

      15+ acre horse property with pond and stalls.
      695 Private Road 489, Dayton, TX 77535
      View Details
    • $749,500

      Liberty County Ranch with River Frontage

      46.44 acre ranch featuring a storm-resistant custom home.
      551 Private Road Dr, Dayton, TX 77535
      View Details
    • $980,000

      Off-Grid Country Oasis in Dayton

      Unique, sustainable, off-grid home on a flood-free parcel.
      80 Road 3017 B, Dayton, TX 77535
      View Details
    • $389,000

      Turnkey Multifamily Property For Sale

      Five-unit residential property with recent updates and expansion potential.
      108 W Barrow St, Dayton, TX 77535
      View Details
    • $775,000

      Dayton Horse Property with Pond

      15+ acre horse property featuring stalls and a pond.
      695 Private Road 489, Dayton, TX 77535
      View Details
    • $1,524,600

      FM 1960 Corner Site

      3.5 acre site with approved gas station plans.
      1960 Fm-686, Dayton, TX 77535
      View Details
    • $899,000

      Multi-Use Flex Building on Acres

      10,000 SF flex building on 5+ acres for sale.
      5145 Old Atascocita Rd, Dayton, TX 77535
      View Details
    • $813,000

      Farm Property with Shop and Barn

      Farm property featuring a shop, barn, and fenced land.
      11170 Fm 1008, Dayton, TX 77535
      View Details
    • $380,000

      Dayton Ranch Property For Sale

      13 acre ranch property with three bedroom home.
      1369 N County Rd 486, Dayton, TX 77535
      View Details

    FAQs

    What type of property is this?
    Farm - 20+/- acres of unrestricted land suitable for various uses.
    Where is this farm located?
    The property is located at 1157 County Rd 491 Dayton, TX.
    What is the asking price?
    The asking price for this property is $4,356,000.
    What are key features of this property?
    This property features: - 20+/- Unrestricted Acres: Offering flexibility for various uses.; - Cleared Land: Ready for immediate development.; - Existing Infrastructure: Includes a House, 2 Canopies, Barn, and Storage.
    (832) 998-6835
    Request Owner's contact information
    1157 County Rd 491 Dayton, TX 77535
    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.
    1157 County Rd 491
    Dayton, TX 77535
    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
    1157 County Rd 491 Dayton, TX 77535
    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
    Astrid Forbes
    Astrid Forbes
    Real Estate License ID: 0749509
    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!