Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Skidmore, TX Title is generated by Realmo AI

    716 E St. Mary's Street lot 2, Skidmore, TX 78389

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 716 E St. Mary's Street lot 2, Skidmore, TX
    For Sale
    $55,000

    LAND - Skidmore, TX

    Added:
    Nov 5, 2023
    Days on Market:
    934
    Last Refresh:
    May 26 at 6:06 am

    Property Features for 716 E St. Mary's Street lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    570000058002000000000

    Taxes and HOA fees

    Tax Description
    SKIDMORE BLK 58 LOTS 2 & 3

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Patricia Morales

    Listing agent Patricia Morales License #0722536

    Listing office Keller Williams Coastal Bend 5402 S Staples St, Corpus Christi, TX

    Listing date Nov 5, 2023

    MLS# 466532 Listing URL

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

    HighLights

    • City water and sewer connections available.
    • Located in the Skidmore‑Tynan school zone.
    • Suitable for building, mobile home, RV, boat, or trailer.
    • Carport and cement driveway included.
    • Adjacent lot also available for purchase.
    • Located in the town of Skidmore.

    Overview

    Lot #2, located at 716 E. St Mary's Street, Skidmore, TX, offers a 140x50 sized lot suitable for building or placing a mobile home, RV, boat, or trailer. Situated in the Skidmore-Tynan school zone, the property includes city water and sewer connections, a carport, and a cement driveway. Adjacent to this lot is Lot #3, located at 712 E. St Mary's Street, which is the same size and available for the same price. Both lots can be purchased together.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Skidmore
    County
    Bee
    State
    Texas
    Longitude
    -97.6762
    Latitude
    28.2201

    Nearby Similar for Sale

    • $285,000

      Land with Mature Oak Trees

      27.1 acres in Skidmore, perfect for a private homestead.
      9279 Hwy 181 S lot: 5 & 6, Skidmore, TX 78389
      View Details
    • $110,000

      Skidmore, Texas Land Available

      Over 10 acres of land ready for development.
      2nd Street, Skidmore, TX 78389
      View Details
    • $69,900

      Skidmore Land Ready to Build

      5.01 acre tract ready for your dream home.
      8286 Sims Dr. lot: 1, Skidmore, TX 78389
      View Details
    • $27,293

      Land For Sale Skidmore, TX

      1.31 acre land parcel available in Skidmore, Texas.
      371 Private Road, Skidmore, TX 78389
      View Details
    • $50,000

      Skidmore, TX Wooded Land

      5.02-acre wooded property perfect for building a dream home.
      7430 Corrigan Ranch Drive- Tract 14, Skidmore, TX 78389
      View Details
    • $285,000
      590,238 SF

      27 Acres Land in Skidmore

      Two tracts of land perfect for creating a homestead.
      9279 Hwy 181 N Tracts 5 & 6, Skidmore, TX 78389
      View Details
    • $60,000

      Residential Land Near Schools

      Four lots near Skidmore-Tynan ISD schools, suitable for residential development.
      E Main Street lot: 4, Skidmore, TX 78389
      View Details
    • $50,000

      Skidmore Land Tract For Sale

      5.04 acre tract in Skidmore, TX with development potential.
      7360 Corrigan Ranch Drive- Tract 7 lot: 7, Skidmore, TX 78389
      View Details
    • $50,000

      Skidmore Land For Sale

      5.02 acre tract in desirable Skidmore, Texas.
      7304 Corrigan Ranch Drive- Tract 1, Skidmore, TX 78389
      View Details
    • $50,000

      Skidmore Land Tract For Sale

      5.03 acre tract in Skidmore, Texas. Owner financing available.
      7401 Corrigan Ranch Drive- Tract 28 lot: 7, Skidmore, TX 78389
      View Details
    • $50,000

      Skidmore Land Tract For Sale

      5.02 acre land tract in Skidmore, Texas.
      7341 Corrigan Ranch Drive- Tract 34, Skidmore, TX 78389
      View Details
    • $20,000

      Residential Land in Skidmore, TX

      Land for sale in Skidmore, build or place a mobile home.
      321 N 4th St. (Lot 5) lot: 5, Skidmore, TX 78389
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Skidmore-Tynan school zone.
    Where is this residential land & home lot located?
    The property is located at 716 E St. Mary's Street lot 2 Skidmore, TX.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: City water and sewer connections available.; Located in the Skidmore‑Tynan school zone.; Suitable for building, mobile home, RV, boat, or trailer.
    (361) 542-0925
    We can help!
    Listing Contact
    Patricia Morales
    Real Estate License ID: 0722536
    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
    716 E St. Mary's Street lot: 2, Skidmore, TX 78389
    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!