Corner Lot with Metal Storage
327 Palmetto Drive Livingston, TX 77351
327 Palmetto Drive, Livingston, TX, 77351
$150,000
For Sale
$150,000
Corner lot with approximately 180 ft road frontage and a 1,200 sq ft metal building with single-car covered area.
Property Size1,200 SF
Price / SF$125
Days on Market103
Property Features for 327 Palmetto Drive
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Land
Listing agency
Luxe Real Estate
(832) 374-7849
Listed by
Tammy Lenaburg · License #0650663
(832) 374-7849
Source
Compass
Added: Apr 10 Updated: Jul 21 at 1:02AM Checked: Jul 21 at 1:02AM
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Investment Insights
Based on property information with market context.
This corner lot in Indian Hill Estates at Lake Livingston includes a 1,200 sq ft metal building with a single-car covered area. The property offers an approximate 180 ft of road frontage and extends approximately 120 ft deep, with scenic partially obstructed views overlooking a lake cove.
Utilities are in place with water and electricity available, with no sewer. The property is located less than a mile from the public boat ramp, supporting convenient lake access.
The existing metal building and covered area provide enclosed space suitable for storage, a workshop, or weekend use, while the lot configuration offers an additional foundation for future development ideas.
Utilities are in place with water and electricity available, with no sewer. The property is located less than a mile from the public boat ramp, supporting convenient lake access.
The existing metal building and covered area provide enclosed space suitable for storage, a workshop, or weekend use, while the lot configuration offers an additional foundation for future development ideas.
Key Highlights
- Corner lot in Indian Hill Estates at Lake Livingston with approx. 180 ft of road frontage and approx. 120 ft depth
- Scenic, partially obstructed views over a peaceful lake cove
- Includes a 1,200 sq ft metal building with a single‑car covered area for storage, workshop, or weekend use
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.6k | $8.04 |
| − Vacancy | −$820 | −$0.68 |
| EGI | $8.8k | $7.36 |
| − OpEx | −$1.3k | −$1.10 |
| NOI | $7.5k | $6.25 |
1,200 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$107.2K
$93.8K – $125.1K
NOI $7,504 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$615.6K
$538.7K – $718.2K
NOI $43,092 @ 7.0% cap · market cap 28.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Waterfront Land
Similar For Sale Nearby
FAQs
What type of property is this?
Waterfront Land - Corner lot with approximately 180 ft road frontage and a 1,200 sq ft metal building with single-car covered area.
Where is this waterfront land located?
The property is located at 327 Palmetto Drive Livingston, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Corner lot in Indian Hill Estates at Lake Livingston with approx. 180 ft of road frontage and approx. 120 ft depth; Scenic, partially obstructed views over a peaceful lake cove; Includes a 1,200 sq ft metal building with a single‑car covered area for storage, workshop, or weekend use
