Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lookout Road Land For Sale Title is generated by Realmo AI

    17340 Lookout Rd, Selma, TX 78154

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,700,000

    Land with frontage and industrial zoning available for sale.

    Type:Land
    Property size:
    18,861 SF
    Price / SF:
    $196/SF
    Added:
    Nov 21, 2025
    Days on Market:
    184
    Last Refresh:
    Dec 3 at 5:52 am

    Property Features for 17340 Lookout Rd

    General Information

    Standard status
    Active
    Size
    18,861 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Drew Gannon, CCIM

    Listing agent Drew Gannon, CCIM License #KS 00242621

    Listing office NAI Martens

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Martens

    HighLights

    • Good frontage on Lookout Road
    • Industrial Zoning
    • NNN Land lease on rear portion of property
    • Covered land play for future expansion

    Overview

    This property features frontage on Lookout Road and is zoned for industrial use. A portion of the property is currently under a NNN land lease. The site may be suitable for future expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Selma
    County
    Guadalupe
    State
    Texas
    Longitude
    -98.2801
    Latitude
    29.5872

    Nearby Similar for Sale

    • $700,000
      1,520 SF

      Prime Land in Selma, TX

      4 acres of land suitable for mixed-use development.
      16874 Lookout, Selma, TX 78154
      View Details
    • $3,900,000
      17,100 SF

      Selma, TX Multifamily Development

      Partially complete multifamily development with high potential in Selma, TX.
      16800 LOOKOUT RD, Selma, TX 78154-9506
      View Details
    • $195,000

      Residential Lot in Olympia Subdivision

      0.558-acre residential lot in desirable Olympia Subdivision, Selma, TX.
      14918 Medusa, Selma, TX 78154
      View Details
    • $175,000

      Residential Lot in Olympia Subdivision

      0.4362 acre residential lot in a desirable Selma subdivision.
      14922 Medusa, Selma, TX 78154
      View Details
    • $92,000

      Selma, TX Quarter-Acre Lot

      Rare quarter-acre lot in secluded Selma community.
      14618 El Monte Blvd, Selma, TX 78154
      View Details
    • $92,000

      Residential Lot in Selma, TX

      Quarter-acre residential lot in secluded Selma community.
      14614 El Monte Blvd, Selma, TX 78154
      View Details
    • $106,000

      Selma, TX Quarter-Acre Homesite

      Quarter-acre homesite in Selma, TX, no HOA, convenient location.
      766 Utopia Blvd, Selma, TX 78154
      View Details
    • $78,500

      Residential Lot in Selma, TX

      Quarter-acre lot in secluded custom home community. Rare opportunity.
      14610 El Monte Blvd, Selma, TX 78154
      View Details
    • $110,000

      Residential Land in Selma, TX

      Residential lot for sale in established Selma Park Estates.
      7820 VENTURA BOULEVARD, Selma, TX 78154
      View Details
    • $88,000

      Residential Land in Selma, TX

      Residential land in Live Oak Hills community, near I-35.
      15211 Bell Ln, Selma, TX 78154
      View Details
    • $70,000

      Residential Lot in Selma, TX

      Residential lot in Live Oak Hills subdivision, Selma, TX.
      4200 BELL LN, Selma, TX 78154
      View Details
    • Contact for pricing

      Land Along I-35 Corridor

      Commercial land in high-growth area with planned developments nearby.
      16650 Retama Pkwy, Selma, TX
      View Details

    FAQs

    What type of property is this?
    Land - Land with frontage and industrial zoning available for sale.
    Where is this land located?
    The property is located at 17340 Lookout Rd Selma, TX.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: Good frontage on Lookout Road; Industrial Zoning; NNN Land lease on rear portion of property
    (316) 680-1108
    We can help!
    Listing Contact
    Drew Gannon, CCIM
    Real Estate License ID: KS 00242621
    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
    17340 Lookout Rd, Selma, TX 78154
    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!