Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    526 Wallen Ridge Keene, TX 76059

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Almost 5 acres in rapidly developing area near highway.

    Type:Industrial
    Property size:
    215,055 SF
    Lot size:
    4.94 Acres
    Price / SF:
    $1.39/SF
    Added:
    Aug 5, 2023
    Days on Market:
    1006
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 526 Wallen Ridge

    General Information

    Standard status
    Active
    Size
    215,055 SF
    Lot size
    4.94 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Gavin Hughes

    Listing agent Gavin Hughes License #0679697

    Listing office Coldwell Banker Apex Realtors Cleburne

    Listing date Aug 5, 2023

    Source Crexi

    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 Coldwell Banker Apex Realtors Cleburne

    HighLights

    • Prime location in an area of rapid development.
    • 420 feet of frontage on a high‑traffic road (Highway 67).
    • City water and sewer available.
    • Zoning allows for commercial and residential use.
    • Close proximity to a recently completed subdivision (over 120 homes).
    • Near Southwestern Adventist University.

    Overview

    Keene Land with Development Potential

    This property features almost 5 acres with 420 feet of frontage, situated in an area experiencing rapid development. City water and sewer services are available at the front of the property. The current zoning allows for commercial use in the front portion and residential use in the back. The property is located just off Highway 67, benefiting from high daily traffic counts. A recently completed subdivision of over 120 John Houston homes is located next to the property. Southwestern Adventist University, Johnson County's only four-year university, is located down the road. Offers are due by 12 Noon March 7, 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Keene
    County
    Johnson
    State
    Texas
    Longitude
    -97.330592
    Latitude
    32.386227

    Nearby Similar for Sale

    • $285,000

      Highway Frontage Business Opportunity

      Unique property with highway frontage, suitable for various businesses.
      212 E HIGHWAY 67, Keene, TX 76059
      View Details
    • $464,000

      Keene, TX Unimproved Commercial Land

      3.768 acres of commercial land with high visibility.
      3515 E Highway 67, Keene, TX 76031
      View Details
    • $350,000

      Keene Fourplex Investment Opportunity

      Turnkey fourplex near Southwestern Adventist University, fully rented and income-producing.
      109 E 4th Street, Keene, TX 76059
      View Details
    • $875,000
      1,598 SF

      Keene Ranch with Commercial Potential

      Updated ranch on 18.38 acres with commercial zoning potential.
      2416 County Road 317, Keene, TX 76031
      View Details
    • $299,500

      Keene, TX Unimproved Land

      Almost 5 acres with frontage in area of rapid development.
      526 Wallen Ridge, Keene, TX 76059
      View Details
    • $450,000

      Keene TX Development Land

      2.026 acre corner lot suitable for multifamily development.
      105 W 4th Street, Keene, TX 76059
      View Details
    • $245,000

      Keene Quadruplex Near University

      Investment opportunity near Southwestern Adventist University with strong rental demand.
      108 E Maple Street, Keene, TX 76059
      View Details
    • $700,000

      Commercial Land Near Tractor Supply

      One acre commercial land near Tractor Supply in Keene, TX.
      2633 E Highway 67, Keene, TX 76031
      View Details
    • $1,248,000

      35.68 Acres in Keene, TX

      35.68 acres of unimproved land with frontage on Old Mansfield Rd.
      104 S Old Mansfield Road, Keene, TX 76059
      View Details
    • $295,000

      Highway Frontage Business Location

      Unique property with highway frontage, ideal for various business ventures.
      212 E 67 Highway, Keene, TX 76059
      View Details
    • $1,500,000
      11,500 SF

      Highway Frontage Commercial Property

      2.25 acres with 11,500 sqft of buildings for sale.
      4230 E Highway 67, Keene, TX 76031
      View Details
    • $464,000

      Land Parcel Near Residential Area

      Nearly 4-acre commercial land parcel with high visibility.
      3515 E Highway 67, Keene, TX 76031
      View Details

    FAQs

    What type of property is this?
    Commercial land - Almost 5 acres in rapidly developing area near highway.
    Where is this commercial land located?
    The property is located at 526 Wallen Ridge Keene, TX.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Prime location in an area of rapid development.; **420 feet of frontage on a high‑traffic road (Highway 67).**; City water and sewer available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gavin Hughes
    Real Estate License ID: 0679697
    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
    526 Wallen Ridge, Keene, TX 76059
    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!