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

    603 E 8th Street lot 2 Nixon, TX 78140

    View on Map
    Claim this Listing
    New
    For Sale
    $40,000

    LAND - Nixon, TX

    Property size:
    672 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $59/SF
    Added:
    Apr 25, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 26 at 5:06 am

    Property Features for 603 E 8th Street lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15500
    Size
    672 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BLK 71 LOT 2 NIXON EXT
    Tax Annual Amount
    325

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Morris Harvey

    Listing agent Morris Harvey License #0452764

    Listing office Mustang Realty P.O. Box 670, Nixon, TX

    Listing date Apr 25, 2026

    MLS# 611876 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Nixon, TX

    This property features a single city lot with an electric meter, two water meters, and a septic tap already in place. The lot offers 0.1607 acres, which is equivalent to 672 square feet. It is located in Nixon, Texas. This lot is suitable for a new manufactured home or a custom-built home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Skin Care Clinic Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nixon
    County
    Gonzales
    State
    Texas
    Longitude
    -97.760691
    Latitude
    29.275204

    Nearby Similar for Sale

    • $95,000
      364 SF

      Retail Shop on Corner Lot

      Retail shop on high-traffic highway with gravel parking.
      608 E Central Avenue, Nixon, TX 78140
      View Details
    • $500,000
      3,600 SF

      Nixon Commercial Property with Building

      4 acres with 3,600 SF metal building in Nixon, TX.
      12310 E Hwy 87, Nixon, TX 78140
      View Details
    • $3,790,915

      Gonzales County Grazing Ranch

      446+/- acre ranch near Nixon, TX, ideal for cattle operations.
      FM 77, Nixon, TX 78140
      View Details
    • $55,000

      Commercial Lot on High Traffic Roadway

      Clear commercial lot suitable for retail or commercial building.
      606 E Central Avenue, Nixon, TX 78140
      View Details
    • $180,000

      Nixon, TX Acreage Ready

      5.06 acres with well, septic, and electric meters.
      664 county road 483, Nixon, TX 78140
      View Details
    • $125,000

      Nixon, TX 2.5 Acre Land

      2.5 acre property perfect for a future homesite.
      10306 FM 1681, Nixon, TX 78140
      View Details
    • $199,000
      5,412 SF

      Nixon Commercial Property For Sale

      Bar and open area near Main Street in Downtown Nixon.
      120 W 3rd Street, Nixon, TX 78140
      View Details
    • $250,000
      2,450 SF

      Restaurant or Retail Opportunity

      Commercial building in high-traffic area suitable for restaurant or retail.
      212 N Nixon Avenue, Nixon, TX 78140
      View Details
    • $400,000
      2,400 SF

      Nixon, TX Commercial Opportunity

      Restaurant, retail, or office space on a high-traffic thoroughfare.
      204 E Central Avenue, Nixon, TX 78140
      View Details
    • $250,000

      Unrestricted 10-Acre Land Nixon

      Versatile 10-acre unrestricted land in Nixon, Texas.
      0 CR 483 nixon, Nixon, TX 78140
      View Details
    • $109,999

      Nixon, TX: Unrestricted 5-Acre Land

      5-acre residential land in Nixon, TX, with no restrictions.
      County Road 483, Nixon, TX 78140
      View Details
    • $130,000

      Residential Land in Nixon, TX

      Two-acre residential land available in Nixon, Texas.
      500 S Nixon Ave, Nixon, TX 78140
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - City lot with electric and water meters, septic tap.
    Where is this residential land & home lot located?
    The property is located at 603 E 8th Street lot 2 Nixon, TX.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Electric meter already in place.; Two water meters already in place.; Septic tap already in place.
    (830) 534-9063
    We can help!
    Listing Contact
    Morris Harvey
    Real Estate License ID: 0452764
    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!