Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5 Acres Near Lake Corpus Title is generated by Realmo AI

    906 FM 3024, Mathis, TX 78368

    View on Map
    Claim this Listing
    For Sale
    $99,900

    LAND - Mathis, TX

    Lot size:
    5.00 Acres
    Added:
    Apr 10, 2025
    Days on Market:
    412
    Last Refresh:
    May 26 at 8:06 pm

    Property Features for 906 FM 3024

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    363461
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Description
    ABST 25 J MCGLOIN TRACT 31 5 ACRES

    We can help!

    Listing Contact
    Dale Pittman

    Listing agent Dale Pittman License #0240237

    Listing office Prime Real Estate 4926 Everhart, Portland, TX

    Listing date Apr 10, 2025

    MLS# 457454 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

    • Reduced Price: Now offered with a $25,000 price reduction.
    • 5 Acres near Lake Corpus Christi: Ideal for fishing and water recreation.
    • Potential for Various Uses: Suited for residential, multi‑family, commercial, or income‑producing ventures.
    • Convenient Location: Minutes from Mathis, TX, and within driving distance of Corpus Christi and San Antonio.
    • Accessibility: Bordered by FM 2034 and I‑37 access road.
    • Wildlife and Fire Protection: Abundant wildlife and proximity to a volunteer fire department.

    Overview

    This 5-acre property in Swinney Switch (Mathis), TX, is located minutes from Lake Corpus Christi, offering opportunities for fishing and water recreation. The land is suitable for a dream home or weekend getaway. It presents potential for multi-family development or commercial uses such as a convenience store, strip center, storage units, laundry mat, hotel, motel, or RV park. The property is located 13 minutes from Mathis, TX, for shopping and work, and 45 minutes from Corpus Christi beaches and shopping. San Antonio, TX, is 1.5 hours away. Wildlife, including deer and wild turkey, can be found on the property. A volunteer fire department is located nearby. The property is bordered by FM 2034 on one side and I-37 access road on the opposite side. The location on Google Maps is at coordinates latitude 28 degrees 14'32.43"N, longitude 97 degrees 55'8.42"W.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Skin Care Clinic Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mathis
    County
    San Patricio
    State
    Texas
    Longitude
    -97.823096
    Latitude
    28.111723

    Nearby Similar for Sale

    • $175,000
      12,930 SF

      Versatile Commercial Building in Mathis, TX

      13,000 sqft commercial building in downtown Mathis, Texas.
      108 E San Patricio Avenue, Mathis, TX 78368
      View Details
    • $329,000
      2,002 SF

      Remodeled Commercial Property in Mathis, TX

      Move-in ready commercial property with office suites in Mathis, Texas.
      812 N Front Street, Mathis, TX 78368
      View Details
    • $250,000
      3,563 SF

      Five-Unit Multifamily Property in Mathis

      Income-producing five-unit property with strong rental potential in Mathis, TX.
      319 S Nueces Street, Mathis, TX 78368
      View Details
    • $65,000
      1,925 SF

      Commercial Building in Mathis, Texas

      Commercial building suitable for office, retail, or event use.
      123 E Laredo Street, Mathis, TX 78368
      View Details
    • $100,000

      Mathis, TX Commercial Lots

      Five commercial lots in Mathis, TX, ideal for development.
      N Front Street, Mathis, TX 78368
      View Details
    • $150,000
      1,175 SF

      Commercial Building Near Highway 359

      Commercial building located off Highway 359 in Mathis, Texas.
      1404 N State Highway 359, Mathis, TX 78368
      View Details
    • $125,000

      5 Acre Lot in Mathis

      Premium 5-acre lot in a peaceful Mathis neighborhood.
      53 Sunny Vale lot: 53, Mathis, TX 78368
      View Details
    • $210,000

      South Texas Land Near Lake

      10.47 acres in San Patricio County, near Corpus Christi.
      23354 County Road 1038 lot: 0, Mathis, TX 78368
      View Details
    • $60,000
      832 SF

      Undeveloped Land in Mathis, Texas

      Nearly 4 acres of raw land with endless potential.
      22364 Private Road 1080, Mathis, TX 78368
      View Details
    • $145,000

      Land South of Mathis, TX

      10.08 acres of land to build your dream home.
      6231 FM 666 lot: 2, Mathis, TX 78368
      View Details
    • $14,999
      22,317 SF

      Residential Lot Near Lake Corpus

      0.51-acre residential lot near Lake Corpus Christi in Mathis, TX.
      158 County Road 391, Mathis, TX 78368
      View Details
    • $625,000
      3,210 SF

      Turn-Key Oil Change Opportunity

      Turn-key oil change business and real estate for sale.
      1406 E Loop 459, Mathis, TX 78368
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5 acres near Lake Corpus Christi, ideal for recreation.
    Where is this commercial land located?
    The property is located at 906 FM 3024 Mathis, TX.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Reduced Price: Now offered with a $25,000 price reduction.; 5 Acres near Lake Corpus Christi: Ideal for fishing and water recreation.; Potential for Various Uses: Suited for residential, multi‑family, commercial, or income‑producing ventures.
    (361) 949-8332
    We can help!
    Listing Contact
    Dale Pittman
    Real Estate License ID: 0240237
    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
    906 FM 3024, Mathis, TX 78368
    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!