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    00 35 Hwy Palacios, TX 77465

    For Sale
    $145,000

    Prime 13-acre commercial land, excellent lease potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 13.08-acre commercial land parcel presents a unique investment opportunity in Palacios, Texas. Located at 00 35 Highway 35, Palacios, TX 77465, adjacent to 19239 State Highway 35, this property boasts a significant advantage: a three-acre surface ground lease encompassing the Yeatman No.1 Well. This lease provides efficient drilling operations and is renewable and negotiable every three years, offering considerable flexibility. The property's APN is 78970. Importantly, mineral rights are not included with the sale, simplifying potential operations. Water access is a key benefit, associated with the well drilling. Upon cessation of well usage, the well reverts to the landowner. A crucial aspect of this lease is the commitment by operators to restore the land to its original condition following lease termination or well plugging. This ensures the long-term sustainability and value of the property. The asking price for this strategically located and uniquely positioned commercial land is $145,000. This represents a rare chance to acquire a sustainable and potentially lucrative investment in a desirable Texas location.

    Property Features for 00 35 Hwy

    General Information

    Property type
    Land
    Lot Size
    569,765 SF

    HighLights

    • 13.08‑acre commercial land parcel in Palacios, TX, located at 00 35 Highway 35, APN 78970, listed at $145,000.
    • Includes a three‑acre surface ground lease on the Yeatman No. 1 Well, renewable every three years.
    • Seller does not own mineral rights.
    • Water access is available via the well; well reverts to landowner upon cessation of use.
    • Operators are obligated to restore the land to its original condition after lease termination or well plugging.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.209862085438
    Latitude
    28.813287729653

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    FAQs

    What type of property is this?
    Land - Prime 13-acre commercial land, excellent lease potential.
    Where is this land located?
    The property is located at 00 35 Hwy Palacios, TX.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: 13.08-acre commercial land parcel in Palacios, TX, located at 00 35 Highway 35, APN 78970, listed at $145,000.; Includes a three-acre surface ground lease on the Yeatman No. 1 Well, renewable every three years.; Seller does not own mineral rights.
    (281) 933-6999
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    00 35 Hwy Palacios, TX 77465
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    Palacios, TX 77465
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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

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    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
    00 35 Hwy Palacios, TX 77465
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