Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Commercial Development Lot Title is generated by Realmo AI

    502 S Magnolia St, Woodville, TX 75979

    View on Map
    Claim this Listing
    New
    For Sale
    $75,000

    Corner lot with US Highway 69 visibility and existing concrete remnants for flexible commercial, residential, or mixed-use development.

    Type:Land
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 4:18 am

    Property Features for 502 S Magnolia St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Ashley Jackson-Whitworth

    Listing agent Ashley Jackson-Whitworth

    Listing office Martindale Real Estate Investments

    Listing date Jun 1, 2026

    Source Elliman

    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 Martindale Real Estate Investments

    HighLights

    • Corner lot with visibility and frontage on a city street and US Highway 69
    • No zoning restrictions currently in place, allowing for flexible commercial, residential, or mixed‑use development
    • Existing concrete remains from a former commercial building, which may reduce site preparation for future improvements
    • Rear portion includes additional green space for options such as backyard use, outdoor storage, or expanded parking

    Overview

    This is a versatile corner commercial development lot positioned for high exposure, with existing concrete remains from a former commercial building. The rear portion includes additional green space that could support outdoor storage, a backyard component for a residential build, or expanded parking for a commercial project. The site is offered as land and is presented with usable physical remnants that may reduce certain preparation needs.

    The property fronts a city street and US Highway 69, providing visibility from both approaches. It is located in the heart of Woodville and is surrounded by established local businesses, supporting a convenient, drive-up location for a range of future uses. The current description also notes that there are no zoning restrictions in place, which may allow flexibility depending on the direction of a buyer’s concept and any applicable permitting requirements.

    For buyers or developers, the combination of corner positioning, highway frontage, and the presence of concrete remnants can be a practical fit for planned commercial activity, residential development, or mixed-use efforts. The added rear green space further broadens layout options for outdoor or parking needs, depending on how the site is designed and improved.
    Location Intelligence

    Current Use by Public Records

    Loretta’s Too Antiques ... Home Decor Store Mcclure's Furniture Co. Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodville
    County
    Tyler
    State
    Texas
    Longitude
    -94.414514
    Latitude
    30.779351

    Nearby Similar for Sale

    • $598,000
      2,700 SF

      Functional Restaurant on Highway 69

      Turnkey restaurant opportunity with high visibility and equipped commercial kitchen.
      307 N Magnolia Street, Woodville, TX 75979
      View Details
    • $124,000

      Woodville Shop on Two Acres

      Secluded shop with covered areas on two acres.
      100 County Road 4320, Woodville, TX 75979
      View Details
    • $1,010,061

      Private Hunting Land with Creek

      Historically managed forestland with internal roads and two bridge crossings, ideal for a private high-fence game ranch.
      US 69, Woodville, TX 77664
      View Details
    • $440,000

      Custom Home on Rolling Acres

      Traditional home on 8.4 acres with lush landscaping.
      763 Cr 1010, Woodville, TX 75979
      View Details
    • $75,000

      Versatile Corner Lot in Woodville

      Highly visible corner lot with no zoning restrictions in Woodville.
      502 S Magnolia St, Woodville, TX 75979
      View Details
    • $141,500

      Prime Land Near Retail Hub

      2.7 acres of flat land near Walmart and McDonald's.
      TBD 01 Cobb Mill Road, Woodville, TX 75979
      View Details
    • $499,000

      21+ Acres with Custom Cabin

      Custom cabin on 21+ unrestricted acres, ready for livestock.
      6095 N Fm 256 N, Woodville, TX 75979
      View Details
    • $210,000
      2,079 SF

      Commercial Property Near Downtown Square

      Commercial property with updated office and shop space for sale.
      415 W Bluff St, Woodville, TX 75979
      View Details
    • $14,899

      Residential Land Near Lake Tristan

      0.20-acre lot with lake access and city utilities.
      17th Street lot: 12, Woodville, TX 75979
      View Details
    • $49,999

      3.06 Acres Unrestricted Land

      Unrestricted 3.06-acre property with wells, road frontage, and no flood zone.
      5989 Fm 92 S, Woodville, TX 75979
      View Details
    • $2,164,500

      333 Acres with Timber Value

      Large acreage with timber, water features, and utilities.
      526 Mount Pisgah Rd, Woodville, TX 75979
      View Details
    • $55,000

      Commercial Land at Highway Intersection

      One-acre commercial land with highway frontage for sale.
      10145 Us Highway 190 E, Woodville, TX 75979
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with US Highway 69 visibility and existing concrete remnants for flexible commercial, residential, or mixed-use development.
    Where is this commercial land located?
    The property is located at 502 S Magnolia St Woodville, TX.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Corner lot with visibility and frontage on a city street and US Highway 69; No zoning restrictions currently in place, allowing for flexible commercial, residential, or mixed‑use development; Existing concrete remains from a former commercial building, which may reduce site preparation for future improvements
    (409) 429-4011
    We can help!
    Listing Contact
    Ashley Jackson-Whitworth
    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
    502 S Magnolia St, Woodville, TX 75979
    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!