Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    0000 Us 259 N &Amp Millville Dr. Henderson, TX 75652

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $619,000

    7.5 AC tract with highway frontage in Henderson, Texas.

    Lot size:
    7.51 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    660
    Last Refresh:
    Jan 20 at 9:56 am

    Property Features for 0000 Us 259 N &Amp Millville Dr.

    General Information

    Standard status
    Active
    Lot size
    7.51 Acres

    We can help!

    Listing Contact
    Gary Wilson

    Listing agent Gary Wilson License #0548519

    Listing office Coldwell Banker Home Place-Henderson

    Listing date Jul 15, 2024

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Home Place-Henderson

    Overview

    Prime Commercial Land For Sale

    This 7.5-acre commercial land tract is located in Henderson, Texas, and features frontage on two major highways. Utilities are available. The property is suitable for building a large business. The seller is open to considering other options for interested buyers.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Henderson
    County
    Rusk
    State
    Texas
    Longitude
    -94.7416
    Latitude
    32.1449

    Nearby Similar for Sale

    • $600,000

      Commercial Land in Henderson, Texas

      Prime commercial corner lot in Henderson, TX, for sale.
      .921 ac N US Hwy 79, Henderson, TX 75652
      View Details
    • $429,000

      Secluded Ranch Retreat

      48-acre ranch with hardwoods, pasture, pond, and well-kept home.
      16649 County Road 4252D, Henderson, TX 75654
      View Details
    • $360,000

      Income-Producing Tiny Home Investment

      Four modern tiny homes on 3.41 wooded acres.
      4008 County Road 407 S, Henderson, TX 75654
      View Details
    • $250,000

      Historic Building in Downtown Henderson

      Historic four-story building suitable for bank, retail, office, or apartments.
      202 E Main Street, Henderson, TX 75652
      View Details
    • $350,000

      Henderson, TX Acreage For Sale

      35.834 acres of East Texas land near Hwy 79.
      1234 Hwy 79, Henderson, TX 75654
      View Details
    • $5,350,000

      Henderson TX Multifamily Investment Opportunity

      Lucrative multi-family apartment community with investment potential in Henderson, TX.
      2900 S FM 225, Henderson, TX 75654
      View Details
    • $15,500

      Wooded Lot in Established Neighborhood

      Development opportunity in Henderson's established residential neighborhood.
      125 Jenkins St, Henderson, TX 75654
      View Details
    • $1,108,000

      Unimproved Land in Henderson, Texas

      1.598 acres of commercial land for sale.
      420 N US Hwy 79, Henderson, TX 75652
      View Details
    • $399,000

      East Texas Acreage with Pond

      Scenic 47-acre property with mature trees, pond, and trails.
      4387 FM 13 W, Henderson, TX 75644
      View Details
    • $799,900

      Henderson, TX Development Opportunity

      29.5 acre property with R-2 and M-3 zoning.
      Tbd W Fordall, Henderson, TX 75653
      View Details
    • $490,000

      Henderson, TX Pad Site Opportunity

      Former fast-food restaurant pad site along main retail corridor.
      500 US Highway 79 N, Henderson, TX 75652
      View Details
    • $100,000

      Residential Land Near Lake Striker

      4.16-acre tract near Henderson, TX, ready for new home.
      15061 S County Rd 4255, Henderson, TX 75654
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.5 AC tract with highway frontage in Henderson, Texas.
    Where is this commercial land located?
    The property is located at 0000 Us 259 N &Amp Millville Dr. Henderson, TX.
    What is the asking price?
    The asking price for this property is $619,000.
    What are key features of this property?
    This property features: 7.5 AC tract with Hwy frontage on two major Highways; Prime commercial property in Henderson; Utilities are available
    (903) 738-5422
    We can help!
    Listing Contact
    Gary Wilson
    Real Estate License ID: 0548519
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    0000 Us 259 N &Amp; Millville Dr., Henderson, TX, 75652
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!