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

    3509 US-277 Carrizo Springs, TX 78834

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.51-acre commercial property in Eagle Ford Shale, Dimmit County.

    Type:Land
    Lot size:
    8.51 Acres
    Added:
    Sep 1, 2020
    Days on Market:
    2062
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 3509 US-277

    General Information

    Standard status
    Active
    Lot size
    8.51 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Justin Giallonardo, CCIM

    Listing agent Justin Giallonardo, CCIM License #BROK.0995701135-CORP

    Listing office D'Argent Companies

    Listing date Sep 1, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of D'Argent Companies

    Overview

    Prime Commercial Land in Carrizo

    This 8.51-acre commercial property is located in Dimmit County, in the heart of Eagle Ford Shale. The property is situated on a corner location at Hwy. 277 and Loop 517, offering excellent exposure. The location is next door to Fleet Pride Truck Parts, with commercial trucking access. The property is suitable for a variety of commercial uses, including equipment storage, a laydown yard, or an office. Lot 1 and 3 are fenced, gated, and have a caliche base, with utilities included. Lot 4 is raw land with commercial trucking access. The property is available for lease or sale.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Carrizo Springs
    County
    Dimmit
    State
    Texas
    Longitude
    -99.976
    Latitude
    28.4732

    Nearby Similar for Sale

    • $740,000

      Carrizo Springs Multi-Family Investment

      Well-maintained 6-unit apartment complex with strong income potential.
      1200 W Houston St, Carrizo Springs, TX 78834
      View Details
    • $625,000

      Carrizo Springs Multi-Family Townhomes

      Well-maintained 5-unit townhomes in high-demand Carrizo Springs rental market.
      1100 W Houston St, Carrizo Springs, TX 78834
      View Details
    • $35,000
      7,200 SF

      Residential Lot in Carrizo Springs

      Residential lot in established neighborhood, ready for new home.
      S 19th, Carrizo Springs, TX 78834
      View Details
    • $30,000

      Residential Land in Carrizo Springs

      Corner lots suitable for building a dream home inside city.
      204 Hidalgo, Carrizo Springs, TX 78834
      View Details
    • $600,000

      19 Acres Commercial Land Frontage

      19 acres of commercial land with highway frontage near Carrizo Springs.
      00 Hwy 83 South, Carrizo Springs, TX 78834
      View Details
    • $350,000
      2,400 SF

      Carrizo Springs Equipment/Rig Yard

      4.27 acre equipment/rig yard with office and warehouses.
      2075 FM186, Carrizo Springs, TX
      View Details
    • $350,000
      2,400 SF

      Carrizo Springs Industrial Facility

      Equipment/rig yard and field office near Eagle Ford Shale.
      2075 FM186, Carrizo Springs, TX 78834
      View Details
    • $475,000
      5,600 SF

      Carrizo Springs Warehouse with Crane

      Industrial warehouse with 5-ton crane and ample power.
      3534 Hwy 277, Carrizo Springs, TX
      View Details
    • $220,000

      22-Acre Commercial Land Opportunity

      22 acres with frontage on Highway 277 in South Texas.
      6114 US-277, Carrizo Springs, TX 78834
      View Details
    • $475,000
      5,600 SF

      10 Acres with Warehouse

      10 acres with 5,600 SF warehouse for sale.
      2561 TX-517 Loop, Carrizo Springs, TX 78834
      View Details
    • $50,000

      Carrizo Springs Land Tract

      Land tract available in Carrizo Springs, Texas.
      San Juan Lots (12), Carrizo Springs, TX 78834
      View Details
    • $290,000

      48.67 Acres Industrial Land

      48.67 acres with pad site near Carrizo Springs, TX.
      3357 FM186, Carrizo Springs, TX 78834
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.51-acre commercial property in Eagle Ford Shale, Dimmit County.
    Where is this commercial land located?
    The property is located at 3509 US-277 Carrizo Springs, TX.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Located in the heart of the Eagle Ford Shale–Dimmit County.; Highly visible corner location at Hwy. 277 and Loop 517.; Ideal for equipment storage, laydown yard, or office.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Giallonardo, CCIM
    Real Estate License ID: BROK.0995701135-CORP
    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!