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

    10978 Oak Forest Drive Plantersville, TX 77363

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

    Land available near the Texas Renaissance Festival Fairgrounds.

    Type:Land
    Lot size:
    5.75 Acres
    Added:
    Jun 26, 2017
    Days on Market:
    3226
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 10978 Oak Forest Drive

    General Information

    Standard status
    Active
    Lot size
    5.75 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Alex Wisnoski

    Listing agent Alex Wisnoski License #TX 636406

    Listing office Texas Commercial Real Estate Services

    Listing date Jun 26, 2017

    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 Texas Commercial Real Estate Services

    Overview

    Land Near Texas Renaissance Festival

    Approximately 2.75 acres up to 5.75 acres of land are available for sale. The property is located on the southeast corner of FM 1774 and Oak Forest Drive, just across FM 1774 from the Texas Renaissance Festival Fairgrounds, five miles north of the city of Magnolia. It features approximately 880 feet of frontage on FM 1774 and 370 feet of frontage on Oak Forest Drive. The land is located in Grimes County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Grocery & Convenience Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Plantersville
    County
    Grimes
    State
    Texas
    Longitude
    -95.8286338
    Latitude
    30.254508

    Nearby Similar for Sale

    • $750,000

      Unrestricted Land with Home, Lake

      18.971 acres in Plantersville with home and stocked lake.
      10802 County Road 203, Plantersville, TX 77363
      View Details
    • $549,000

      Plantersville Barndominium on 4.95 Acres

      4.95 acres with furnished barndominium, horse stalls, and RV hookups.
      16375 Grand Flower Rd, Plantersville, TX 77363
      View Details
    • $1,299,999

      Private Country Retreat with Amenities

      Secluded country home featuring modern amenities and outdoor entertainment spaces.
      17174 Tierra Buena Dr, Plantersville, TX 77363
      View Details
    • $905,000

      Land Available in Plantersville, TX

      Land for sale in rapidly expanding Plantersville, Texas.
      10978 Oak Forest Drive, Plantersville, TX
      View Details
    • $2,553,000

      69-Acre Texas Ranch with Pond

      Secluded 69-acre ranch with pond, utilities, and convenient access.
      9296 Cr302, Plantersville, TX 77363
      View Details
    • $250,000

      Plantersville Land for Residential Development

      2.5 acre partially cleared land tract for residential development.
      TBD Lot 3 Deerwood Drive, Plantersville, TX 77363
      View Details
    • $250,000

      Plantersville Land For Sale

      2.5 acre tract, partially cleared, ideal location.
      TBD Lot 2 Deerwood Drive, Plantersville, TX 77363
      View Details
    • $136,000

      Land Available in Plantersville, TX

      Land for sale located on Mill Creek Drive North.
      13167 Mill Creek Drive N, Plantersville, TX 77363
      View Details
    • Contact for pricing

      Commercial Land Near Texas Festival

      Unrestricted 3.06-acre commercial land near Texas Renaissance Festival.
      0 FM 1774, Plantersville, TX
      View Details
    • Contact for pricing

      Commercial Land Near Texas Festival

      Strategically located commercial land near Texas Renaissance Festival grounds.
      Headache Row, Plantersville, TX
      View Details
    • Contact for pricing

      Land on Highway 105 Frontage

      Land for sale fronting Highway 105 in Plantersville, TX.
      18092 TX-105, Plantersville, TX
      View Details
    • Contact for pricing

      Land on Highway 105 Frontage

      Land for sale fronting HWY 105 in Plantersville, TX.
      HWY 105, Plantersville, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available near the Texas Renaissance Festival Fairgrounds.
    Where is this commercial land located?
    The property is located at 10978 Oak Forest Drive Plantersville, TX.
    What is the asking price?
    The asking price for this property is $905,000.
    What are key features of this property?
    This property features: Large acreage available, from 2.75 to 5.75 acres.; High traffic location on the corner of FM 1774 and Oak Forest Drive.; Significant road frontage with 880 ft on FM 1774 and 370 ft on Oak Forest Drive.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alex Wisnoski
    Real Estate License ID: TX 636406
    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!