Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    98+ Acres Hunting and Recreation Title is generated by Realmo AI

    505 N CITATION lot 2&3, Lyford, TX 78569

    View on Map
    Claim this Listing
    New
    For Sale
    $1,100,000

    LAND - LYFORD, TX

    Lot size:
    98.32 Acres
    Added:
    May 21, 2026
    Days on Market:
    5
    Last Refresh:
    May 25 at 1:06 am

    Property Features for 505 N CITATION lot 2&3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    98.32 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Lisa Peters

    Listing agent Lisa Peters

    Listing office GRT Realty 7280 N Frontage Rd, Brownsville, TX

    Listing date May 21, 2026

    MLS# 29776619 Listing URL

    Copyright © 2026 Rio Grande Valley Multiple Listing Service 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

    • Abundant wildlife (Nilgai, whitetail deer, turkey, dove, quail) ideal for hunting.
    • Borders Federal Wildlife Refuge, offering exceptional wildlife activity and natural scenery.
    • Convenient location between Port Mansfield and Rio Hondo, providing easy access to boating and fishing in the Lower Laguna Madre.
    • Two water ponds on the property.
    • All‑weather road provides easy access year‑round.
    • Water utility available.

    Overview

    This 98.315-acre property offers a blend of hunting, relaxation, and outdoor living. It is located between Port Mansfield and Rio Hondo, providing access to boating and fishing in the Lower Laguna Madre. The land is suitable for a weekend getaway, a family gathering spot, or building a ranch home, cabin, or RV setup. Wildlife is abundant, including Nilgai, whitetail deer, turkey, dove, and quail, making it a hunter's retreat. The property features two water ponds and borders the Federal Wildlife Refuge along a low-fence line, creating year-round wildlife activity and natural scenery. An all-weather road provides access in every season. It is located in LYFORD, TX, with easy access via 505 N CITATION lot: 2&3, LYFORD, TX 78569.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Lyford
    County
    Willacy
    State
    Texas
    Longitude
    -97.7282
    Latitude
    26.4075

    Nearby Similar for Sale

    • $129,900

      Lyford Land for Custom Home

      13.09 acre lot near Lyford, Texas, for sale.
      N GARDENIA RD lot: Tract 3, LYFORD, TX 78569
      View Details
    • $500,000
      9,100 SF

      Lyford Retail Building For Sale

      9,240 SF retail building in Rio Grande Valley.
      8422 Business 77 N, Lyford, TX 78569
      View Details
    • $129,900

      Lyford Land with Owner Financing

      13.3 acre property near Lyford, TX, owner financing available.
      N GARDENIA RD lot: Tract 2, LYFORD, TX 78569
      View Details
    • $159,000

      Lyford Land with Owner Financing

      13.3 acre retreat near Lyford, owner financing available.
      S GARDENIA RD, LYFORD, TX 78569
      View Details
    • $129,000

      Lyford, TX Acreage Opportunity

      13.3 acres near Lyford, TX, owner financing available.
      N GARDENIA RD lot: Tract 1, LYFORD, TX 78569
      View Details
    • $249,500

      Farmland in Opportunity Zone

      44 acre farmland property for sale in Willacy County.
      21227 FM 490, Lyford, TX 78569
      View Details
    • $400,000

      40 Acres Farmland in Lyford

      40 acres of farmland and brush in Lyford, Texas.
      0 Uncle Peters Road, Lyford, TX 78569
      View Details

    FAQs

    What type of property is this?
    Hunting land - Land with hunting, recreation, and building potential near fishing.
    Where is this hunting land located?
    The property is located at 505 N CITATION lot 2&3 Lyford, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Abundant wildlife (Nilgai, whitetail deer, turkey, dove, quail) ideal for hunting.; Borders Federal Wildlife Refuge, offering exceptional wildlife activity and natural scenery.; Convenient location between Port Mansfield and Rio Hondo, providing easy access to boating and fishing in the Lower Laguna Madre.
    (956) 266-2282
    We can help!
    Listing Contact
    Lisa Peters
    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

    Thank You for Inquiry
    505 N CITATION lot: 2&3, LYFORD, TX 78569
    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!