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    Multifamily Portfolio with Commercial Shop Title is generated by Realmo AI

    3205 Sam Rayburn Pkwy, Brookeland, TX 75931

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    Claim this Listing
    New
    For Sale
    $1,500,000

    MULTI_FAMILY - Brookeland, TX

    Property size:
    12,000 SF
    Lot size:
    4.10 Acres
    Price / SF:
    $125/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 3205 Sam Rayburn Pkwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
    Interior features
    Blinds, Ceiling Fan(s), Open Floorplan, Split Bedrooms
    Standard status
    Active
    Size
    12,000 SF
    Lot size
    4.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Flooring type
    Vinyl
    Roof type
    Composition, Metal
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Denise Quick
    Denise Quick

    Listing agent Denise Quick License #0644652

    Listing office Rayburn Realty PO Box 5308, Brookeland, TX

    Listing date Jun 5, 2026

    MLS# 70013803 Listing URL

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Portfolio of three contiguous buildings with 11 fully leased 2‑bedroom/2‑bath units, each about 800 SF with appliances included
    • Infrastructure already in place to add 7 additional units to the existing rental portfolio
    • Each unit includes tiled flooring and comes with included appliances; also features include open floorplan with split bedrooms
    • Common features reported: vinyl flooring, central heating, central air, blinds, and ceiling fans; public water and public sewer
    • Commercial component: 4,000 SF shop with 3 roll‑up doors plus a private office
    • Attached 1,400 SF apartment behind the residential buildings with 2 bedrooms and 2 bathrooms; property is now unrestricted and no longer subject to HOA

    Overview

    This for-sale portfolio includes three contiguous multifamily buildings totaling 11 fully leased units. Each unit is described as approximately 800 square feet with two bedrooms and two bathrooms, tiled flooring, and appliances included. The property also features concrete driveways and covered front and rear porches. The seller notes infrastructure is already in place to add 7 additional units.

    The buildings are located on 4.1 acres at 3205 Sam Rayburn Pkwy in Brookeland, Texas, less than a mile from Lake Sam Rayburn. The remarks also state the property is no longer subject to an HOA, making it an unrestricted holding. A 4,000-square-foot commercial shop sits behind the residential buildings and includes three roll-up doors, a private office, and an attached 1,400-square-foot apartment with two bedrooms and two bathrooms.

    For buyers and owner-operators, the combination of fully leased residential units and an on-site commercial shop can support a mixed-use setup under one roof. The attached apartment may also appeal to operators seeking additional living space tied to business operations, while the ability to add units provides a documented path to increase residential capacity on the existing site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookeland
    County
    Jasper
    State
    Texas
    Longitude
    -94.0317008
    Latitude
    31.062991

    Nearby Similar for Sale

    • $749,000
      1,500 SF

      Office and Storage Unit Complex

      Office complex with storage units near Lake Sam Rayburn.
      3555 Sam Rayburn Pkwy, Brookeland, TX 75951
      View Details
    • $575,000
      2,860 SF

      Golf Course Home Near Lake

      Three-bedroom home on Lake Sam Rayburn golf course.
      211 Watchhill Road, Brookeland, TX 75931
      View Details

    FAQs

    What type of property is this?
    Apartment building - Three contiguous leased buildings plus a 4,000-sf shop offer flexible living and business use opportunities near Lake Sam Rayburn.
    Where is this apartment building located?
    The property is located at 3205 Sam Rayburn Pkwy Brookeland, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Portfolio of three contiguous buildings with 11 fully leased 2‑bedroom/2‑bath units, each about 800 SF with appliances included; Infrastructure already in place to add 7 additional units to the existing rental portfolio; Each unit includes tiled flooring and comes with included appliances; also features include open floorplan with split bedrooms
    (409) 698-8299
    We can help!
    Listing Contact
    Denise Quick
    Denise Quick
    Real Estate License ID: 0644652
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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
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