Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot Near University Drive Title is generated by Realmo AI

    Parcel 72638 University Drive N, Nacogdoches, TX 75970

    View on Map
    Claim this Listing
    For Sale
    $239,900

    COMMERCIAL - Nacogdoches, TX

    Lot size:
    0.90 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    34
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for Parcel 72638 University Drive N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Nac GB General Business
    Standard status
    Active
    Lot size
    0.90 Acres

    We can help!

    Listing Contact
    Dachiele Keeling
    Dachiele Keeling

    Listing agent Dachiele Keeling

    Listing office ETX Realty LLC 800 North Street, Nacogdoches, TX

    Listing date Apr 23, 2026

    MLS# 70013142

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location steps from University Drive in a thriving business district.
    • Large commercial lot: Nearly one full acre of opportunity.
    • Flexible use: Perfect for retail, office, or service businesses.
    • High visibility and constant activity due to surrounding established businesses.
    • Excellent access.
    • Positions venture for long‑term success.

    Overview

    This commercial lot, located steps from University Drive, is situated in a thriving business district. The property offers nearly one acre of land suitable for retail, office, service, or other commercial ventures. The location provides visibility and access, positioning it for long-term success. The zoning is Nac GB General Business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Nacogdoches
    County
    Nacogdoches
    State
    Texas
    Longitude
    -94.6470841
    Latitude
    31.5899201

    Nearby Similar for Sale

    • $850,000
      6,000 SF

      Nacogdoches Commercial Investment Opportunity

      6,000 SF building on 5 acres near future I-69.
      5287 Hwy 59 S, Nacogdoches, TX 75964
      View Details
    • $1,175,000
      7,500 SF

      Versatile Commercial Property in Nacogdoches

      Centrally located Nacogdoches property suitable for daycare or other businesses.
      513 Russell Blvd., Nacogdoches, TX 75965
      View Details
    • $1,550,000
      8,114 SF

      Nacogdoches Restaurant on North Street

      Turnkey restaurant with expansion potential in high-traffic area.
      3217 NORTH STREET, Nacogdoches, TX 75965
      View Details
    • $345,000
      9,000 SF

      Established Event Venue on 2.8 Acres

      Turnkey event venue with existing bookings and outdoor amenities.
      645 CR 217, Nacogdoches, TX 75965
      View Details
    • $295,000
      5,340 SF

      Nacogdoches Warehouse on Main Street

      Commercial property with two metal buildings and undeveloped land.
      1106 E Main St, Nacogdoches, TX 75961
      View Details
    • $1,450,000
      18,280 SF

      Nacogdoches Redevelopment Opportunity

      Prime redevelopment site near Stephen F Austin State University.
      1507 North St, Nacogdoches, TX 75965
      View Details
    • $475,000
      5,116 SF

      Updated Multifamily Investment Opportunity

      Six-unit multifamily property with excellent rental history in Nacogdoches, TX.
      2433 Woden Road, Nacogdoches, TX 75965
      View Details
    • $325,000
      1,680 SF

      Restaurant on State Highway 59

      High-visibility restaurant investment opportunity in a high-traffic retail corridor.
      3415 South Street, Nacogdoches, TX 75964
      View Details
    • $169,900
      1,320 SF

      Updated Duplex For Sale

      Turnkey investment with established rental income until June 2026.
      1243/1245 Wells Street, Nacogdoches, TX 75964
      View Details
    • $2,334,816

      Nacogdoches Commercial Land For Sale

      10.32 acres with development potential and high traffic count.
      31213100 NW Stallings Drive, Nacogdoches, TX 75964
      View Details
    • $899,000
      11,672 SF

      Nacogdoches Multifamily Investment Opportunity

      Portfolio of 10 townhomes near Stephen F. Austin State University.
      3211 Pearl Street, Nacogdoches, TX 75965
      View Details
    • $479,000

      Highway Frontage Land For Sale

      1.97 acres on high-traffic Highway 259 N, great location.
      10118 US Highway 259 N, Nacogdoches, TX 75965
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot near University Drive in a thriving business district.
    Where is this commercial land located?
    The property is located at Parcel 72638 University Drive N Nacogdoches, TX.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: Prime location steps from University Drive in a thriving business district.; Large commercial lot: Nearly one full acre of opportunity.; Flexible use: Perfect for retail, office, or service businesses.
    (936) 554-1774
    We can help!
    Listing Contact
    Dachiele Keeling
    Dachiele Keeling
    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
    Parcel 72638 University Drive N, Nacogdoches, TX 75970
    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!