Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unimproved Land in Mexia, Texas Title is generated by Realmo AI

    400 W Tyler Street, Mexia, TX 76667

    View on Map
    Claim this Listing
    For Sale
    $60,000

    Unimproved Land - Mexia, TX

    Type:Unimproved Land
    Lot size:
    0.66 Acres
    Added:
    May 14, 2026
    Days on Market:
    13
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for 400 W Tyler Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R18846
    Lot size
    0.66 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Richards

    Listing agent Karen Richards License #0508111

    Listing office eXp Realty, LLC Waco 9600 Great Hills Trail, Austin, TX

    Listing date May 14, 2026

    MLS# 21238509 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large .66 acre lot comprised of 5 lots, offering ample space and potential.
    • Utilities (electricity, water, sewer, cable) are available at the road, simplifying development.
    • Flexible property use allows for manufactured homes, tiny homes, cabins, garden homes, and RVs.
    • Located in Mexia, a Tourism Friendly Texas certified rural community known for its peaceful atmosphere.
    • Level lot with shade trees, providing a desirable building site.
    • Convenient corner lot location on a city road, offering easy access.

    Overview

    This property features five lots totaling 0.66 acres in a rural community known as a certified Tourism Friendly Texas, offering a peaceful and relaxed atmosphere. The lots are conveniently located on the corner of a city road. Utilities including electricity, water, sewer, and cable are available at the road. The level lot features shade trees and measures 115 ft deep with 250 ft of frontage along Tyler St. Flexible property use allows for manufactured homes, tiny homes, cabins, garden homes, and RVs. This property is located in Mexia, Limestone County, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.480135
    Latitude
    31.673101

    Nearby Similar for Sale

    • $1,850,000
      28,992 SF

      Former Restaurant with Double Drive-Through

      2,977 SF restaurant with double drive-through for sale/sublease.
      708 Milam, Mexia, TX 76667
      View Details
    • $1,500,000
      4,650 SF

      Iconic Bar & Restaurant Opportunity

      Turn-key bar and restaurant with expansion potential in Mexia, TX.
      701 N Martin Luther King Jr Highway, Mexia, TX 76667
      View Details
    • $224,900
      9,600 SF

      Commercial Building in Mexia Downtown

      9600 SF building suitable for retail, office, or warehouse.
      214 N Railroad Street, Mexia, TX 76667
      View Details
    • $445,000
      2,400 SF

      Retail/Office Building in Mexia, TX

      Commercial property suitable for retail, restaurant, office, or church.
      1309 E Milam Street, Mexia, TX 76667
      View Details
    • $225,000
      3,944 SF

      Highway Frontage Business Opportunity

      Three buildings on 2.5 acres with highway frontage.
      1824 Highway 84 West, Mexia, TX 76667
      View Details
    • $250,000
      23,285 SF

      Former Grocery Store in Mexia

      23,285 SF building in downtown Mexia with large parking lot.
      104 N Paris Street, Mexia, TX 76667
      View Details
    • $399,500

      Highway 84 Commercial Property

      Commercial building on 2.4 acres near Highway 84.
      2596a Highway 84 W, Mexia, TX 76667
      View Details
    • $939,900
      1,972 SF

      Horse Property with Rodeo Arena

      58-acre horse property featuring a custom home and rodeo arena.
      3703 Fm 39 N, Mexia, TX 76667
      View Details
    • $250,000

      Downtown Mexia Office and Loft Potential

      Commercial building with office spaces and unfinished loft spaces.
      401 E Commerce Street, Mexia, TX 76667
      View Details
    • $449,500
      22,875 SF

      Multi-Use Commercial Property in Mexia

      Large commercial property with retail, auto shop, and redevelopment potential.
      405 E Commerce Street, Mexia, TX 76667
      View Details
    • $399,900
      1,416 SF

      Multiple Properties and Land Package

      Investment opportunity: three homes and a one-acre lot.
      516 S Mckinney Street, Mexia, TX 76667
      View Details
    • $758,000
      2,400 SF

      Corporate Retreat Barndominium on 20 Acres

      Turnkey 4-bedroom barndominium with workshop on 20 acres.
      Tbd Fcr 920, Mexia, TX 76667
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot in a Tourism Friendly Texas community.
    Where is this residential land & home lot located?
    The property is located at 400 W Tyler Street Mexia, TX.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Large .66 acre lot comprised of 5 lots, offering ample space and potential.; Utilities (electricity, water, sewer, cable) are available at the road, simplifying development.; Flexible property use allows for manufactured homes, tiny homes, cabins, garden homes, and RVs.
    (888) 519-7431
    We can help!
    Listing Contact
    Karen Richards
    Real Estate License ID: 0508111
    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
    400 W Tyler Street, Mexia, TX 76667
    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!