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

    2802 Spence St, Lufkin, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime commercial land at the intersection of two major highways.

    Type:LAND
    Lot size:
    18.68 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    324
    Last Refresh:
    Apr 5 at 8:43 pm

    Property Features for 2802 Spence St

    General Information

    Standard status
    Active
    Lot size
    18.68 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    James Jones
    James Jones

    Listing agent James Jones License #0545598

    Listing office Riverstone Companies, LLC

    Listing date Jun 23, 2025

    Source Moodyscre

    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 Riverstone Companies, LLC

    HighLights

    • Located at the intersection of US Highway 59 and US Highway 69, offering unparalleled visibility and accessibility.
    • Positioned within the future I‑69 corridor, indicating significant future growth potential.
    • Direct highway frontage ideal for various commercial ventures.
    • Collection of seven commercial land lots provides flexibility for diverse development.
    • Suitable for retail, hospitality, medical facilities, or other light commercial ventures.
    • Strategic positioning at the epicenter of Lufkin's commercial activity.

    Overview

    This collection of seven commercial land lots is positioned at the intersection of US Highway 59 and US Highway 69 in Lufkin. The properties are located within the future I-69 corridor, offering visibility and accessibility. The land is suited for retail, hospitality, medical facilities, or other light commercial ventures. This acreage provides an opportunity at the epicenter of Lufkin's commercial activity and offers flexibility for diverse development. The lots have direct highway frontage and are ideal for investors seeking to capitalize on high traffic counts, strategic positioning, and future growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CAN Transport Freight Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.7138
    Latitude
    31.3769

    Nearby Similar for Sale

    • $399,000
      4,500 SF

      Lufkin Industrial Flex Space Available

      Remodeled office and shop space near Loop, ready for occupancy.
      2216 Timberland Drive, Lufkin, TX 75901
      View Details
    • $495,000
      6,900 SF

      Lufkin Commercial Investment Opportunity

      High-visibility commercial property with a 10-year lease in place.
      2120 North Raguet Street, Lufkin, TX 75904
      View Details
    • $249,921
      5,600 SF

      Lufkin Commercial Building For Sale

      5,600 sqft commercial building in high-traffic Lufkin location.
      310 E Denman Avenue, Lufkin, TX 75901
      View Details
    • $550,000
      12,109 SF

      Spacious Office Near Downtown Lufkin

      Versatile 12,000 SF office space near revitalized downtown.
      202 Angelina Street, Lufkin, TX 75901
      View Details
    • $1,700,000
      14,588 SF

      Commercial Property on Timberland Drive

      Established commercial property on high-visibility Timberland Drive in Lufkin, Texas.
      1006 Timberland Drive, Lufkin, TX 75901
      View Details
    • $550,000
      1,792 SF

      Lufkin Commercial Opportunity For Sale

      Versatile commercial property with high visibility and income potential.
      105 Champions, Lufkin, TX 75901
      View Details
    • $189,900
      4,268 SF

      Lufkin Commercial Investment Opportunity

      Versatile commercial property in high-traffic area ready for customization.
      3215 South Medford Drive, Lufkin, TX 75901
      View Details
    • $399,900

      Prime Commercial Land in Lufkin

      Centrally located 5.755-acre commercial land with high traffic exposure.
      1505 South Chestnut, Lufkin, TX 75901
      View Details
    • $399,900

      Prime Commercial Land in Lufkin

      5.755 acres in a high-traffic, central Lufkin location.
      1505 South Chestnut, Lufkin, TX 75901
      View Details
    • $529,000
      7,750 SF

      Downtown Lufkin Church Property

      Impressive 7,750 SF church in the heart of Lufkin.
      424 Raguet Street, Lufkin, TX 75901
      View Details
    • $199,900
      1,800 SF

      Lufkin Commercial Property with Home

      Versatile shop with home on high-visibility highway location.
      4226 E State Hwy 103, Lufkin, TX 75901
      View Details
    • $5,900,000
      22,959 SF

      Lufkin Office Building with Pool

      22,959 SF office building with indoor pool for sale.
      402 South John Redditt Drive, Lufkin, TX 75904
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land at the intersection of two major highways.
    Where is this commercial land located?
    The property is located at 2802 Spence St Lufkin, TX.
    What is the asking price?
    The asking price for this property is $1,472,000.
    What are key features of this property?
    This property features: Located at the intersection of US Highway 59 and US Highway 69, offering unparalleled visibility and accessibility.; Positioned within the future I‑69 corridor, indicating significant future growth potential.; Direct highway frontage ideal for various commercial ventures.
    (979) 431-4400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Jones
    James Jones
    Real Estate License ID: 0545598
    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
    2802 Spence St, Lufkin, TX
    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!