Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Corner Lot in Jefferson Title is generated by Realmo AI

    903 N Alley Street, Jefferson, TX 75657

    View on Map
    Claim this Listing
    For Sale
    $35,000

    Improved Land - Jefferson, TX

    Lot size:
    0.35 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    21
    Last Refresh:
    May 20 at 10:06 am

    Property Features for 903 N Alley Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    19680
    Lot size
    0.35 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Greg Graham

    Listing agent Greg Graham License #0500704

    Listing office Graham & Co Realty Group 1711 W. Business 287, Waxahachie, TX

    Listing date Apr 30, 2026

    MLS# 21255549 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, 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

    • Corner lot ready for new home construction.
    • Fannie Mae property.
    • First Look period in effect, expiring 5‑28‑26.
    • Location coordinates provided.

    Overview

    This 0.352-acre corner lot is located in Jefferson, Texas. It is suitable for residential use and ready for the construction of a new home. The property is located in Marion County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Marion
    State
    Texas
    Longitude
    -94.35308
    Latitude
    32.769554

    Nearby Similar for Sale

    • $1,250,000
      5,152 SF

      Historic Jefferson Bed and Breakfast

      Turnkey bed and breakfast in historic Jefferson, Texas.
      217 W Lafayette Street, Jefferson, TX 75657
      View Details
    • $350,000

      Historic Train Depot in Jefferson

      Iconic train depot with endless possibilities in a prime location.
      400 E Austin, Jefferson, TX 75657
      View Details
    • $146,250

      2.8 Acres in Historic Jefferson

      Commercial land with high visibility and development potential.
      1600 Hwy 49, Jefferson, TX 75657
      View Details
    • $1,450,000

      Waterfront Campground with Entertainment Pavilion

      Commercial property in Jefferson, TX, featuring a waterfront RV campground.
      1602 Hwy 49, Jefferson, TX 75657
      View Details
    • $3,200,000
      5,100 SF

      Jefferson TX Equestrian Estate

      Premier ranch land with luxury estate and equestrian facilities.
      1441 Coffeeville Road, Jefferson, TX 75657
      View Details
    • $499,000

      Marion County Ranch Opportunity

      117-acre ranch near Jefferson, TX, ideal for recreation.
      00 HWY 49, Jefferson, TX 75657
      View Details
    • $120,000

      Versatile Warehouse Near Lake of Pines

      Two-story warehouse near Bullfrog Marina, ideal for marine businesses.
      8048 FM 729, Jefferson, TX 75657
      View Details
    • $8,499

      Jefferson, TX Vacant Lot

      One-acre vacant lot in Jefferson, TX, with paved road access.
      0 Highway 49, Jefferson, TX 75657
      View Details
    • $9,995

      Wooded Lot in Historic Jefferson

      0.48-acre wooded lot near downtown Jefferson, Texas.
      Tbd E Webster Street, Jefferson, TX 75657
      View Details
    • $215,000

      17+ Acre Farm Near Jefferson

      17.863-acre property near Historic Downtown Jefferson, Texas.
      445 Berea 4, Jefferson, TX 75657
      View Details
    • $374,999

      East Texas Hunting Land

      71.68 acres near Jefferson and Caddo Lake.
      HWY 49, Jefferson, TX 75657
      View Details
    • $349,500

      Jefferson Retail Zoned Land Tract

      Undeveloped 6-acre retail-zoned land tract in Jefferson, Texas.
      6 Ac FM 134, Jefferson, TX 75657
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot suitable for building a new home.
    Where is this residential land & home lot located?
    The property is located at 903 N Alley Street Jefferson, TX.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Corner lot ready for new home construction.; Fannie Mae property.; First Look period in effect, expiring 5‑28‑26.
    (469) 916-0030
    We can help!
    Listing Contact
    Greg Graham
    Real Estate License ID: 0500704
    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
    903 N Alley Street, Jefferson, TX 75657
    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!