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

    1393 State Highway 7 E Centerville, TX 75833

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $310,000

    2.74 acres with 5,000+ sqft building on Highway 7.

    Lot size:
    2.74 Acres

    Property Features for 1393 State Highway 7 E

    General Information

    Standard status
    Active
    Lot size
    2.74 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Clayton Loftin
    Source: Elliman

    Listing Agent: Clayton Loftin

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

    Learn more

    Property Insight Report

    Overview

    Highway 7 Investment Opportunity

    This investment property is located just outside the Centerville city limits on Highway 7. The property includes 2.74 acres of land and over 5,000 square feet of fully heated and cooled interior space. Currently, the property is home to a long-term tenant, generating income for investors. The location offers visibility and accessibility. The property also features ample parking, modern infrastructure, and room for future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Hotel & Motel Grocery & Convenience Store Restaurant Bakery Restaurant Grocery & Convenience Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Leon
    State
    Texas
    Longitude
    -95.998004
    Latitude
    31.255683

    Nearby Similar for Sale

    • $450,000

      Unrestricted Acreage with Charming Home

      Charming 3 bedroom home on unrestricted 5+ acre property.
      3006 County Road 204, Centerville, TX 75833
      View Details
    • $355,000
      Pending

      Moose Lake Ranch on 13+ Acres

      Renovated log cabin on 13+ acres with private lake.
      12125 County Road 149, Centerville, TX 75833
      View Details
    • $650,000

      40-Acre Ranch with Log Home

      Versatile ranch property with barns and custom-built log home.
      11488 County Road 150, Centerville, TX 75833
      View Details
    • $449,000

      Centerville Farm with Pond and Barn

      Farm property featuring a pond, outbuildings, and pasture.
      983 Pr, Centerville, TX 75833
      View Details
    • $217,000
      Pending

      32 Acres Pasture and Woods

      32-acre property with pasture, woods, and pond near Centerville, TX.
      32AC County Rd 2521, Centerville, TX 75833
      View Details
    • $1,199,000
      10,544 SF

      Centerville Multifamily Investment Opportunity

      16-Unit Complex, High Occupancy, Value-Add Potential
      130 Town St, Centerville, TX 75833
      View Details

    FAQs

    What type of property is this?
    Farm - 2.74 acres with 5,000+ sqft building on Highway 7.
    Where is this farm located?
    The property is located at 1393 State Highway 7 E Centerville, TX.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - Strategic location on highly traveled Highway 7, just outside Centerville, offering excellent visibility and accessibility.; - Currently generating steady income with a long-term tenant, providing a turn-key investment solution.; - **2.74 acres of versatile land with over 5,000 square feet of fully heated and cooled interior space.**
    (903) 390-1186
    Request Owner's contact information
    1393 State Highway 7 E Centerville, TX 75833
    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.
    1393 State Highway 7 E
    Centerville, TX 75833
    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
    1393 State Highway 7 E Centerville, TX 75833
    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
    Clayton Loftin
    (903) 390-1186 (903) 536-3318
    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!