Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5.755 Acres Centrally Located Title is generated by Realmo AI

    1505 S Chestnut St, Lufkin, TX 75901

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Centrally located 5.755-acre commercial land near retail and churches.

    Type:Land
    Lot size:
    5.76 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    631
    Last Refresh:
    May 12 at 9:01 pm

    Property Features for 1505 S Chestnut St

    General Information

    Standard status
    Active
    Lot size
    5.76 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Cindy Pierce
    Cindy Pierce

    Listing agent Cindy Pierce License #TX 298618

    Listing office Gann Medford Real Estate Inc

    Listing date Sep 11, 2024

    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 Gann Medford Real Estate Inc

    HighLights

    • 5.755 acre property centrally located in town.
    • High traffic location with easy accessibility.
    • Boasts 606 ft. of frontage on South Chestnut.
    • Located near retail and convenience stores.
    • Located near churches.

    Overview

    This 5.755-acre commercial land is centrally located in town, near churches, retail establishments, and convenience stores. The property benefits from high traffic and is easily accessible. According to the appraisal district measuring tool, the property features 606 feet of frontage on South Chestnut Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.71265
    Latitude
    31.322016

    Nearby Similar for Sale

    • $600,000
      13,798 SF

      Lufkin Church Property For Sale

      Church property near Huntington and Lufkin with expansion potential.
      2769 FM 1475, Lufkin, TX 75901
      View Details
    • $379,000
      4,500 SF

      Remodeled Office and Shop Space

      Turnkey commercial property with office and shop space near Loop.
      2216 Timberland Drive, Lufkin, TX 75901
      View Details
    • $239,921
      5,600 SF

      Lufkin Commercial Building For Sale

      5,600 sqft commercial building in high-traffic Lufkin location.
      310 E Denman Avenue, Lufkin, TX 75901
      View Details
    • $1,490,000
      4,839 SF

      Lufkin Office Building on 15 Acres

      Stunning office building with country tranquility on 15 acres.
      7680 FM 2497, Lufkin, TX 75904
      View Details
    • $529,000
      7,750 SF

      Downtown Lufkin Church Property

      Impressive 7,750 SF church in downtown Lufkin.
      424 Raguet Street, Lufkin, TX 75901
      View Details
    • $675,000
      6,000 SF

      Downtown Lufkin Office Space

      6,000 SF office building in downtown Lufkin, Texas.
      204 Burke Street, Lufkin, TX 75901
      View Details
    • $115,000
      1,500 SF

      Commercial Property on Loop 287

      High-visibility commercial property with Loop 287 frontage in Lufkin.
      2505 HOMER ALTO ROAD, Lufkin, TX 75904
      View Details
    • $495,900
      12,000 SF

      Versatile Office Space Near Downtown

      12,000 SF office building near revitalized downtown Lufkin.
      202 Angelina Street, Lufkin, TX 75901
      View Details
    • $550,502

      Commercially Zoned Land with Dual Frontage

      Five-acre commercial tract outside the loop with two-road frontage and utilities available along both frontages.
      Lane Drive, Lufkin, TX 75904
      View Details
    • $199,000

      Remodeled Office Suite with Lobby

      Fully remodeled office layout with multiple offices, lobby, bathroom, and break room, plus ample parking for clients and staff.
      1009 E Denman Avenue, Lufkin, TX 75901
      View Details
    • $5,900,000

      Versatile Commercial Property in Lufkin

      Adaptable commercial space with diverse features and ample parking.
      402 S John Redditt Drive, Lufkin, TX 75904
      View Details
    • $1,725,000
      1,600 SF

      Lufkin Ranch with Multiple Homes

      Private ranch featuring multiple homes, barns, and equestrian facilities.
      12263 FM 58, Lufkin, TX 75901
      View Details

    FAQs

    What type of property is this?
    Commercial land - Centrally located 5.755-acre commercial land near retail and churches.
    Where is this commercial land located?
    The property is located at 1505 S Chestnut St Lufkin, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 5.755 acre property centrally located in town.; High traffic location with easy accessibility.; Boasts 606 ft. of frontage on South Chestnut.
    (936) 634-8888 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cindy Pierce
    Cindy Pierce
    Real Estate License ID: TX 298618
    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
    1505 S Chestnut St, Lufkin, TX 75901
    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!