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

    318 Private Road 5462 Mexia, TX 76667

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $220,000

    Fenced land with utilities, ideal for recreation or building.

    Lot size:
    18.85 Acres

    Property Features for 318 Private Road 5462

    General Information

    Lot size
    18.85 Acres

    We can help!

    Listing Contact
    Kimberlea Story
    Source: Elliman

    Listing Agent: Kimberlea Story

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

    Learn more

    Overview

    Fenced Land Ready for Development

    This parcel of land is fenced and includes a compact set of corrals. The property features a mix of wooded and open spaces. A water meter and electricity are already in place. The property is suitable for cattle, horses, and 4-H projects. It is also suitable for recreation and hunting. It is ready for building a new home or parking an RV.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Daycare Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.511
    Latitude
    31.6887

    Nearby Similar for Sale

    • $939,900
      1,972 SF

      Horse Property with Rodeo Arena

      58-acre horse property featuring a custom home and rodeo arena.
      3703 Fm 39 N, Mexia, TX 76667
      View Details
    • $650,000
      2,150 SF

      Picturesque Ranch with Modern Conveniences

      42-acre ranch near Mexia, TX, with serene country living.
      396 Lcr 510, Mexia, TX 76667
      View Details
    • $250,000
      23,285 SF

      Former Grocery Store in Mexia

      23,285 SF building in downtown Mexia with large parking lot.
      104 N Paris St, Mexia, TX 76667
      View Details
    • $475,500
      0.59 Acres

      Versatile Commercial Property in Mexia

      Retail and industrial space with highway access in Mexia, Texas.
      837 State Hwy 171, Mexia, TX 76667
      View Details
    • $275,000
      0.20 Acres

      Downtown Office and Loft Potential

      Commercial building with office spaces and loft apartment potential.
      304 E Commerce St, Mexia, TX 76667
      View Details
    • New
      $999,900
      2,400 SF

      Turnkey Barndominium Retreat on 20 Acres

      High-fenced, AG exempt property with custom barndo and workshop.
      Tbd Fcr 920, Mexia, TX 76667
      View Details
    • $125,000
      0.08 Acres

      Downtown Mexia Mixed-Use Building

      Freestanding building suitable for business and residential use in Mexia.
      108 E Commerce St, Mexia, TX 76667
      View Details
    • New
      $775,000
      960 SF

      Farm and Ranch Retreat

      80-acre farm/ranch with two living spaces near Mexia, Texas.
      491 Lcr 437, Mexia, TX 76667
      View Details
    • $449,500
      22,875 SF

      Multi-Use Commercial Property in Mexia

      Large commercial property with retail, auto shop, and redevelopment potential.
      405 E Commerce St, Mexia, TX 76667
      View Details
    • $450,000
      0.84 Acres

      Retail/Restaurant/Office Building in Mexia, TX

      Commercial property suitable for retail, restaurant, or office in Mexia.
      1309 E Milam St, Mexia, TX 76667
      View Details
    • $250,000
      0.07 Acres

      Downtown Mexia Office and Loft Potential

      Commercial building with office spaces and unfinished loft spaces.
      401 E Commerce St, Mexia, TX 76667
      View Details
    • $164,000
      0.10 Acres

      Drive Through Beverage Barn

      Fully equipped drive-through beverage barn on a corner lot.
      1604 N Martin Luther King Jr Hwy, Mexia, TX 76667
      View Details

    FAQs

    What type of property is this?
    Land - Fenced land with utilities, ideal for recreation or building.
    Where is this land located?
    The property is located at 318 Private Road 5462 Mexia, TX.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Water meter and electricity are already installed.; - Fenced land suitable for cattle, horses, and 4-H projects.; - Ready-to-use corrals are already in place.
    (903) 388-8826
    Request Owner's contact information
    318 Private Road 5462 Mexia, TX 76667
    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.
    318 Private Road 5462
    Mexia, TX 76667
    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
    318 Private Road 5462 Mexia, TX 76667
    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
    Kimberlea Story
    (903) 388-8826
    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.