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

    260 Spur 114, Streetman, TX 75859

    View on Map
    Claim this Listing
    For Sale
    $677,000

    Land available in Streetman, Texas.

    Added:
    Mar 8, 2026
    Days on Market:
    85
    Last Refresh:
    Mar 16 at 8:24 am

    Property Features for 260 Spur 114

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    Janie Hendrix
    Janie Hendrix

    Listing agent Janie Hendrix License #0532708

    Listing office City Real Estate

    Listing date Mar 8, 2026

    Source Evrealestate

    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 City Real Estate

    HighLights

    • Built in 2010
    • Central air cooling and electric cooling
    • Central heating and electric heating
    • Circular driveway

    Overview

    This commercial land is located in Streetman, Texas. The GPS is accurate for directions. The property is located in Freestone County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency HVAC Service Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetman
    County
    Freestone
    State
    Texas
    Longitude
    -96.3193223
    Latitude
    31.8663293

    Nearby Similar for Sale

    • $215,000

      Lakefront Lot in Gated Community

      One-acre lakefront lot ready for your dream home.
      7049tbd Lake Vista Drive, Streetman, TX 75859
      View Details
    • $582,000

      65 Acres of Versatile Land

      Productive pastureland and wooded recreational acreage near I45.
      1561 Fm 80 N, Streetman, TX 75859
      View Details
    • $677,000

      Prime Commercial Land Opportunity

      Highly visible 2+ acre commercial property with endless possibilities.
      260 Spur 114, Streetman, TX 75859
      View Details
    • $169,000
      328 SF

      Streetman, TX Land Near Lake

      6-acre lot near Lake Richland Chambers with rustic cabin.
      CR 2370 lot: 12, Streetman, TX 75859
      View Details
    • $3,995,000

      Waterfront Ranch Estate on Richland-Chambers

      72-acre waterfront estate with main residence, cabin, and docks.
      18062 Nelson Loop, Streetman, TX 75859
      View Details
    • $100,000

      Streetman, TX Improved Land

      1.10-acre lot in The Wilderness community at Richland Chambers.
      Lot 140 Shenandoah Drive, Streetman, TX 75859
      View Details
    • $209,900

      Richland Chambers Lake Waterfront Homesite

      Rare 1-acre lakefront property with 150+ feet of shoreline.
      Lot 29 Admiral Shores, Streetman, TX 75859
      View Details
    • $185,000

      Waterfront Land in Admiral Shores

      Two connected lots with lake access and boat slip.
      Lot 32 & 33 & Bs 24 Lake Ridge Dr, Streetman, TX 75859
      View Details
    • $250,000

      Lakefront Acreage in Gated Community

      Unimproved 1+ acre lakefront homesite in Streetman, TX.
      Lot 68 Admiral Shores, Streetman, TX 75859
      View Details
    • $244,900

      Richland Chambers Lake Waterfront Land

      4.95-acre lakefront property in The Woods subdivision.
      16020 SE County Road 2359b, Streetman, TX 75859
      View Details
    • $275,000

      Waterfront Lot in Gated Community

      One-acre waterfront lot ideal for custom home or investment.
      Lot 56 Paradise Cove, Streetman, TX 75859
      View Details
    • $189,900

      Lakefront Land at Admiral Shores

      Lakefront lot to build your dream home with lake views.
      Lot 66 Admiral Shores, Streetman, TX 75840
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available in Streetman, Texas.
    Where is this commercial land located?
    The property is located at 260 Spur 114 Streetman, TX.
    What is the asking price?
    The asking price for this property is $677,000.
    What are key features of this property?
    This property features: Built in 2010; Central air cooling and electric cooling; Central heating and electric heating
    (817) 271-0720
    We can help!
    Listing Contact
    Janie Hendrix
    Janie Hendrix
    Real Estate License ID: 0532708
    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
    260 Spur 114, Streetman, TX 75859
    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!