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    County Rd 248 Lk Lake Colorado City, TX 79512

    For Sale
    $165,000

    9 Acres, Build Your Dream!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 9-acre commercial land parcel presents a unique opportunity for development in the desirable Lake Colorado City, Texas area. Located on County Rd 248, zip code 79512, this property offers expansive space perfect for a variety of commercial ventures. The asking price is $165,000. Situated in Mitchell County, Texas, the land is ready for immediate development, allowing for the construction of a custom-designed building to meet specific business needs. Its convenient location provides easy access to local amenities and transportation routes. The expansive lot size provides ample room for construction and potential future expansion. Buyers can envision a wide range of possibilities, from retail spaces to light industrial facilities, or even a unique commercial development that capitalizes on the area's natural beauty. The property's flat terrain simplifies construction planning and reduces potential site preparation costs. This is a rare opportunity to acquire a sizable commercial lot in a growing Texas community. The latitude and longitude coordinates are 32.2873156, -100.9354944 respectively. Don't miss this chance to build your vision in a prime location.

    Property Features for 0 County Rd 248 Lk

    General Information

    Property type
    Land
    Lot Size
    392,040 SF

    HighLights

    • 9‑acre commercial land parcel in Colorado, TX.
    • Asking price: $165,000.
    • Ready for immediate development.
    • Ideal for building a custom home or vacation property.
    • Located on County Rd 248, Mitchell County, TX, 79512.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Colorado City
    County
    Mitchell
    State
    Texas
    Longitude
    -100.9354944
    Latitude
    32.2873156

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    FAQs

    What type of property is this?
    Land - 9 Acres, Build Your Dream!
    Where is this land located?
    The property is located at County Rd 248 Lk Lake Colorado City, TX.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: 9-acre commercial land parcel in Colorado, TX.; Asking price: $165,000.; Ready for immediate development.
    Request Owner's contact information
    County Rd 248 Lk Lake Colorado City, TX 79512
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    Realmo Value Estimation

    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.

    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.

    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
    County Rd 248 Lk Lake Colorado City, TX 79512
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