Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1.82 Acres in Shepherd, TX Title is generated by Realmo AI

    1300 Cherry Creek Dr, Shepherd, TX 77371

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $135,000

    1.82 acres in Shepherd, TX with unfinished house.

    Type:Farm and Ranch Properties
    Lot size:
    1.82 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    63
    Last Refresh:
    Mar 22 at 9:46 am

    Property Features for 1300 Cherry Creek Dr

    General Information

    Standard status
    Active
    Lot size
    1.82 Acres
    Property subtype
    Farm and Ranch Properties

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Karen Shotwell

    Listing agent Karen Shotwell

    Listing office VAQUERO RE LLC

    Listing date Mar 24, 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 VAQUERO RE LLC

    HighLights

    • 1.82 acres of land, completely fenced with gated entrance.
    • Enjoy the freedom of no restrictions.
    • Benefit from low taxes.
    • Easy access to HWY 59.
    • Located between Cleveland & Livingston.

    Overview

    This property features 1.82 acres of land in Shepherd, Texas, with convenient access to Highway 59. The site is fully fenced and includes a gated entrance. Improvements include a 2-bedroom, 1-bathroom unfinished house on blocks, along with a storage building. The property has no restrictions and is located within the Shepherd Independent School District. The location is approximately 10-20 minutes from Cleveland and Livingston, and 25-30 minutes from Valley Ranch Town Center. The property is intended for commercial real estate, ranches, or agricultural purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Law Firm Auto Repair Shop HVAC Service Bar & Pub Garden Center Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Shepherd
    County
    San Jacinto
    State
    Texas
    Longitude
    -95.006768
    Latitude
    30.4645

    Nearby Similar for Sale

    • $549,000
      1,056 SF

      Secluded Property with Income Potential

      Remodeled mobile homes on 11 acres with expansion possibilities.
      1001 County Line Road, Shepherd, TX 77371
      View Details
    • Contact for pricing

      Retail Property on US Hwy 69

      Retail property with high visibility on US Hwy 69.
      4350 Hwy 59 North, Shepherd, TX
      View Details
    • $549,000
      1,056 SF

      Secluded Property with Income Potential

      Remodeled mobile homes on 11 acres, multiple income streams.
      1001 County Line Road, Shepherd, TX 77371
      View Details
    • $1,250,000

      Deep Waters RV Park Investment

      28-site RV park on 20 acres in Shepherd, Texas.
      905 Pelican Rd, Shepherd, TX 77371
      View Details

    FAQs

    What type of property is this?
    Ranch - 1.82 acres in Shepherd, TX with unfinished house.
    Where is this ranch located?
    The property is located at 1300 Cherry Creek Dr Shepherd, TX.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: 1.82 acres of land, completely fenced with gated entrance.; Enjoy the freedom of no restrictions.; Benefit from low taxes.
    (832) 818-3222
    We can help!
    Listing Contact
    Karen Shotwell
    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
    1300 Cherry Creek Dr, Shepherd, TX 77371
    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!