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

    201 County Road 224 Wharton, TX 77488

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,946,000

    84-acre commercial land near Highway 59/69, Wharton, TX.

    Type:Land
    Lot size:
    84.08 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    196
    Last Refresh:
    Mar 13 at 12:45 pm

    Property Features for 201 County Road 224

    General Information

    Standard status
    Active
    Lot size
    84.08 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Diana Power
    Diana Power

    Listing agent Diana Power License #0484683

    Listing office Texas Power Real Estate

    Listing date Oct 3, 2025

    Source Compass

    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 Texas Power Real Estate

    Overview

    Prime Highway Frontage Land

    This property, comprising four tax IDs, is located directly off Highway 59/69 and totals approximately 84.082 acres according to CAD records. The land is currently ag exempt, with a rancher using a portion for cattle and the remainder for hay production. The property features clusters of trees and a drainage slough along its rear boundary. TXDOT is widening Highway 59/69 in a westward direction. There is a small tract of land between Highway 59 and this land. The property is suitable for developing a subdivision, offices, or medical facilities. This presents an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wharton
    County
    Wharton
    State
    Texas
    Longitude
    -96.116847
    Latitude
    29.357559

    Nearby Similar for Sale

    • $13,000,000

      Expansive Ranch with Colorado River Frontage

      1455+ acre Wharton Ranch with river frontage and improvements.
      S Co Rd 102, Wharton, TX 77488
      View Details
    • $605,000
      5,794 SF

      Downtown Wharton Corner Location

      High-visibility mixed-use property in the heart of Wharton, Texas.
      221 N Houston St, Wharton, TX 77488
      View Details
    • $85,000
      14,500 SF

      Wharton, TX Investment Property

      14,500 sq ft lot with no zoning restrictions.
      1323 N Alabama Road N, Wharton, TX 77488
      View Details
    • $599,000
      2,081 SF

      7-Acre Estate with Barn

      Spacious home with barn on a 7-acre estate.
      4340 Highway 60 S, Wharton, TX 77488
      View Details
    • $700,000
      6,908 SF

      Wharton Flex/Industrial Opportunity

      Unoccupied flex/industrial property on 2.63 acres in Wharton, TX.
      2918 N Richmond Rd, Wharton, TX 77488
      View Details
    • $250,000

      Versatile 1.5-Acre Commercial Land

      1.5-acre property with no zoning restrictions and essential utilities.
      2802 N Richmond, Wharton, TX 77488
      View Details
    • $749,500
      5 SF

      5.26 AC Land on US 59

      5.26 acres of land with direct access to US 59.
      7391 US 59 Hwy, Wharton, TX, 77488
      View Details
    • $675,000
      2,060 SF

      Renovated Home on 8 Acres

      4-bedroom, 2.5-bath home on 8 acres with renovated kitchen.
      3535 Peach Creek Drive, Wharton, TX 77488
      View Details
    • $225,000
      2,143 SF

      Wharton Office Space For Sale

      Office property with 2143 square feet of space.
      148 S Houston St, Wharton, TX
      View Details
    • $1,946,000

      Prime Highway Frontage Land

      84.082 acres suitable for development near Highway 59/69.
      201 County Road 224, Wharton, TX 77488
      View Details
    • $119,000

      Unrestricted Land in Quiet Neighborhood

      Three-acre lot ready for development with utilities available.
      6616 Whispering Oaks Circle, Wharton, TX 77488
      View Details
    • $775,000
      2,060 SF

      Updated Home on Sprawling Acreage

      Updated 4-bedroom home on 13 acres with agricultural exemption.
      3535 Peach Creek Drive, Wharton, TX 77488
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 84-acre commercial land near Highway 59/69, Wharton, TX.
    Where is this agricultural land / farmland located?
    The property is located at 201 County Road 224 Wharton, TX.
    What is the asking price?
    The asking price for this property is $1,946,000.
    What are key features of this property?
    This property features: +/- 84.082 acres of land per CAD; Located right off Hwy 59/69; Perfect spot for developing a subdivision, offices, medical, etc.
    (832) 483-4011
    We can help!
    Listing Contact
    Diana Power
    Diana Power
    Real Estate License ID: 0484683
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!