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    2870A Lcr 758 Thornton, TX 76687

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    For Sale
    $385,000

    Three-bedroom home on 28 acres near Lake Limestone.

    Property size:
    1,962 SF
    Lot size:
    28.04 Acres

    Property Features for 2870A Lcr 758

    General Information

    Size
    1,962 SF
    Lot size
    28.04 Acres

    Building Details

    Year built
    2010

    We can help!

    Listing Contact
    Lelland
    Source: Kw

    Listing Agent: Lelland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Secluded Home on Wooded Acreage

    Located in the Potter's Shop area of Limestone County, this property offers a secluded retreat on 28.04 acres of wooded land. The property is situated less than 15 minutes from Lake Limestone and features approximately 400 feet of road frontage on LCR 758 with a gated entrance. Improvements include a 60'x40' metal shop or barn, a private water well, a stock tank, an RV cover with a 50 amp RV hook up, a storage building, and a detached carport. The residence is a single-wide manufactured home, built and moved on-site in 2010, with an addition that expands the interior to 1,962 square feet. The home has three bedrooms and two bathrooms. Interior features include an open floor plan, a kitchen, a large living room, and energy-efficient central heat and air installed in 2023. A free-standing Jotul wood-burning fireplace, a walk-in pantry, and an instant hot water heater are also present. The oversized living room includes an attached multi-purpose space or laundry room. The isolated primary bedroom has an attached bathroom with a walk-in tiled shower. The property is suitable for recreation or full-time living, with abundant wildlife and space for animals or a garden.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Computer & Electronic Repair Tech Support Center HVAC Service Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Limestone
    State
    Texas
    Longitude
    -96.4855
    Latitude
    31.3953

    Nearby Similar for Sale

    • $982,800
      1,344 SF

      Historic Ranch in Limestone County

      117-acre ranch with farmhouse, ponds, and abundant wildlife.
      Tbd County Rd 646, Thornton, TX 76687
      View Details
    • $1,591,800
      1,792 SF

      Texas Ranch with Lake Access

      151.6-acre ranch featuring a shared lake and a 1,792-SF home.
      3455 Lcr 758, Thornton, TX 76687
      View Details

    FAQs

    What type of property is this?
    Single family property - Three-bedroom home on 28 acres near Lake Limestone.
    Where is this single family property located?
    The property is located at 2870A Lcr 758 Thornton, TX.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Secluded 28.04 Acre Wooded Tract; - 60'x40' Metal Shop/Barn is ready for your projects.; - Less Than 15 Minutes From Lake Limestone
    Request Owner's contact information
    2870A Lcr 758 Thornton, TX 76687
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    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
    2870A Lcr 758 Thornton, TX 76687
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