Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2277 Pee Dee Ln Madisonville, TX 77864

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $256,468

    15.5 acre property near Hwy 75 and I-45.

    Lot size:
    15.54 Acres

    Property Features for 2277 Pee Dee Ln

    General Information

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

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Whitley Fisher
    Source: Elliman

    Listing Agent: Whitley Fisher

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

    Learn more

    Overview

    15.5 Acres Near Highway 75

    This 15.5 acre property is located off of Pee Dee Lane, approximately 1 mile from Hwy 75 and 3.5 miles from I-45. The land features a mix of an open hay field and a dense tree line towards the back of the property. The property is currently under an agricultural exemption. There is a mobile home on the property that can remain or be moved. The property could be suitable as a weekend retreat or for building a home.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Madisonville
    County
    Madison
    State
    Texas
    Longitude
    -95.8665696
    Latitude
    30.9233279

    Nearby Similar for Sale

    • New
      $950,000
      12,630 SF

      Madisonville Commercial Hospitality/Retail Suites

      Newly renovated hospitality/retail suites in the heart of Madisonville, TX.
      710 S May St, Madisonville, TX 77864
      View Details
    • Contact for pricing
      2,940 SF

      Medical Facility on Main Street

      Near-new medical facility in growing rural community.
      2006 E Main St, Madisonville, TX 77864
      View Details
    • $939,800
      2,975 SF

      Madisonville Land with Spacious Home

      30-acre property featuring a 2,975 sq ft home.
      2117 Fm 2289, Madisonville, TX 77864
      View Details
    • New
      $2,250,000
      8,365 SF

      Income-Producing Estate with Event Venue

      30-acre estate with renovated home and event center.
      601 N Shipp St, Madisonville, TX 77864
      View Details
    • $289,000
      750 SF

      Versatile Commercial Property in Madisonville

      Mixed-use property with apartment, storage, and development potential.
      212 S Tammye Ln, Madisonville, TX 77864
      View Details
    • $199,000
      7.98 Acres

      Land in North Madison County

      8-acre property with potential for residence, ranchette, or investment.
      9486 Puddin Ln, Madisonville, TX 77864
      View Details
    • $875,000

      Madisonville Ranch Home on Acres

      Ranch home on 29.66 acres with multiple structures.
      4988 Paso Fino Ln, Madisonville, TX 77864
      View Details
    • $995,000

      Madison County Ranch with Barndominium

      48+ acre ranch featuring a remodeled barndominium and equestrian facilities.
      2266 Dutton Ln, Madisonville, TX 77864
      View Details
    • $780,000

      Serene Country Home on Acres

      Home on 14.32 acres with detached three-car garage.
      2604 Kashka Ln, Madisonville, TX 77864
      View Details
    • $875,000

      Madisonville Ranch with Scenic Acres

      Ranch-style home on 29.66 acres with horse barn.
      4988 Paso Fino Ln, Madisonville, TX 77864
      View Details
    • $539,000

      Madison County Home with Acreage

      Four-bed home on 10.5 acres with rental units.
      1681 Union Rd, Madisonville, TX 77864
      View Details
    • $1,980,000

      French Colonial Estate on 42 Acres

      Elegant French Colonial estate with modern amenities on 42 acres.
      2790 Derby Ln, Madisonville, TX 77864
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 15.5 acre property near Hwy 75 and I-45.
    Where is this agricultural land / farmland located?
    The property is located at 2277 Pee Dee Ln Madisonville, TX.
    What is the asking price?
    The asking price for this property is $256,468.
    What are key features of this property?
    This property features: - 15.5 acre property with diverse landscape featuring an open hay field and dense tree line.; - Convenient location: Just 1 mile from Hwy 75 and 3.5 miles to I-45.; - Ag exemption in place.
    (830) 460-0839
    Request Owner's contact information
    2277 Pee Dee Ln Madisonville, TX 77864
    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.
    2277 Pee Dee Ln
    Madisonville, TX 77864
    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
    2277 Pee Dee Ln Madisonville, TX 77864
    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
    Whitley Fisher
    (830) 460-0839 (855) 968-1200
    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!