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

    244 County Road 273 Mico, TX 78056

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $115,000

    3.55 acre lot perfect for building a dream home.

    Added:
    May 6, 2025
    Days on Market:
    356
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 244 County Road 273

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    NATHALIA MORENO

    Listing agent NATHALIA MORENO

    Listing office REALM REAL ESTATE PROFESSIONALS - NORTH HOUSTON

    Listing date May 6, 2025

    Source Corcoran

    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 REALM REAL ESTATE PROFESSIONALS - NORTH HOUSTON

    Overview

    Texas Hill Country Land Parcel

    This 3.55-acre lot is located in the Ranchland Oaks subdivision, offering a setting to build a home. The property is characterized by natural surroundings, views, and a peaceful environment. It is situated outside the city, but within minutes of Alamo Ranch shopping, 1604, 151, and Hwy 16. Medina Lake is less than 5 miles away. The lot has not been cleared and is not subject to city taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mico
    County
    Medina
    State
    Texas
    Longitude
    -98.8731
    Latitude
    29.5413

    Nearby Similar for Sale

    • $79,900

      Acre Lot in Mico, TX

      One acre lot with existing well and septic system.
      686 County Road 2700, Mico, TX 78056
      View Details
    • $92,000
      11,695 SF

      Secluded Lot in Laurel Canyon

      Almost 3-acre lot for custom home with nature preserve.
      County Road 2801 E lot: 195, Mico, TX 78056
      View Details
    • $145,000

      Residential Lot in Gated Community

      6.214-acre residential lot with Medina Lake access.
      386 Private Road 1712, Mico, TX 78056
      View Details
    • $109,900

      Texas Hill Country Homesite

      2.08-acre homesite with panoramic views and utilities in place.
      Private Road 1738 lot: 149, Mico, TX 78056
      View Details
    • $110,000

      Hilltop Homesite in Summit Ridge

      Two-acre homesite with Hill Country views in Mico, TX.
      Pr 2777, Mico, TX 78056
      View Details
    • $144,999

      Land with Hill Country Views

      5.26 acres with breathtaking views in Ranchland Oaks community.
      199 County Road 2733, Mico, TX 78056
      View Details
    • $70,000

      Residential Lot in Gated Community

      2.147 acre lot with lake access and utilities.
      private road 1739 lot: 265, Mico, TX 78056
      View Details
    • $135,000

      Land in Gated Community

      5.229 acre property in a private community near Medina Lake.
      178 & 179 Pr 1740, Mico, TX 78056
      View Details
    • $107,000
      69,696 SF

      Mico, TX Hilltop Land

      1.6 acre lot with scenic views in gated community.
      374 private road 1742, Mico, TX 78056
      View Details
    • $135,000

      Residential Land in Bear Springs

      5.06 acre corner lot in Bear Springs Ranch community.
      457 COUNTY ROAD 2767, Mico, TX 78056
      View Details
    • $80,000

      Mico, TX Land Opportunity

      2-acre lot in Summit Ridge, near Medina Lake.
      PR 2775, Mico, TX 78056
      View Details
    • $127,000
      119,398 SF

      Land with Hill Country Views

      2.7 acre lot in Dancing Bear Ranch community.
      308 Private Road 1742, Mico, TX 78065
      View Details

    FAQs

    What type of property is this?
    Land - 3.55 acre lot perfect for building a dream home.
    Where is this land located?
    The property is located at 244 County Road 273 Mico, TX.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Large 3.55‑acre lot ideal for building a custom home.; Located in the secluded Ranchland Oaks subdivision, offering privacy and a peaceful environment.; Breathtaking views and natural beauty of the Texas Hill Country.
    (281) 377-7300
    We can help!
    Listing Contact
    NATHALIA MORENO
    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!