Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    487 Fm Ih 35 Jarrell, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with utilities and IH 35 access.

    Type:LAND
    Lot size:
    16.79 Acres
    Added:
    Aug 27, 2021
    Days on Market:
    1680
    Last Refresh:
    Mar 29 at 10:59 pm

    Property Features for 487 Fm Ih 35

    General Information

    Standard status
    Active
    Lot size
    16.79 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Kelly Arnold
    Kelly Arnold

    Listing agent Kelly Arnold

    Listing office CLD Realty

    Listing date Aug 27, 2021

    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 CLD Realty

    Overview

    Commercial Land with IH 35 Frontage

    This commercial land offers level topography and frontage on IH 35. All utilities are available to the property. The traffic count on IH 35 is 67,735 vehicles per day. The zoning is commercial.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Jarrell
    County
    Williamson
    State
    Texas
    Longitude
    -97.6045
    Latitude
    30.8249

    Nearby Similar for Sale

    • $775,000
      2,400 SF

      Versatile Commercial Property in Jarrell

      2.81 acres near IH 35, suitable for various businesses.
      150 W Fm 487, Jarrell, TX 76537
      View Details
    • $489,000

      Land in Growing Jarrell, Texas

      Prime land opportunity in rapidly growing Jarrell, Texas.
      Avenue G lot: 19, Jarrell, TX 76537
      View Details
    • $329,000

      Corner Lot in Jarrell, TX

      Prime corner lot ideal for development or investment in Jarrell.
      206 N 6th Street lot: 19, Jarrell, TX 76537
      View Details
    • $399,000

      Half-Acre Land in Jarrell, TX

      Prime half-acre parcel in rapidly growing Jarrell, Texas.
      205 E Avenue G lot: 17, Jarrell, TX 76537
      View Details
    • $674,999

      35.3 Acres of Wooded Land

      Vacant lot in Jarrell, TX, perfect for building or investment.
      173 Appaloosa Cove, Jarrell, TX 76537
      View Details
    • $100,000

      Commercial Land Near I-35

      Unimproved commercial land with utilities near I-35 in Jarrell.
      211 E Ave. K, Jarrell, TX 76537
      View Details
    • $999,900

      Prime Land in Growing Jarrell

      11.219 acres of land near planned Ronald Reagan extension.
      1499 County Road 311, Jarrell, TX 76537
      View Details
    • $5,499,000

      50 Acres Development Opportunity, Jarrell

      50 acres near IH 35, great development opportunity.
      304 West Circle Way, Jarrell, TX 76537
      View Details
    • $2,300,000
      2,339 SF

      25 Acres in Jarrell, TX

      Development opportunity in high-growth corridor between Georgetown and Jarrell.
      1501 FM 487, Jarrell, TX 76537
      View Details
    • $5,499,000

      Prime Commercial Land in Jarrell

      50-acre commercial land near IH 35 with development potential.
      304 West Circle Way, Jarrell, TX 76537
      View Details
    • $999,933

      26.80 Acre Development Opportunity

      26.80 acres near I-35, suitable for development or residential estate.
      350 County Road 375, Jarrell, TX 76537
      View Details
    • $1,600,000

      Jarrell Development Opportunity

      Strategic growth corridor land with versatile use.
      1100, 1150 County Road 308, Jarrell, TX 76537
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with utilities and IH 35 access.
    Where is this land located?
    The property is located at 487 Fm Ih 35 Jarrell, TX.
    What are key features of this property?
    This property features: IH 35 Frontage: Highly visible location.; High Traffic Count: Exposure to 67,735 vehicles per day.; Commercial Zoning: Suitable for a wide range of business operations.
    (512) 751-4145 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kelly Arnold
    Kelly Arnold
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!