Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Waco for Homesite Title is generated by Realmo AI

    Clater Powell Rd, Gholson, TX 76705

    View on Map
    Claim this Listing
    For Sale
    $79,000

    LAND - Gholson, TX

    Lot size:
    2.82 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    100
    Last Refresh:
    May 27 at 9:06 pm

    Property Features for Clater Powell Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24-105400-008200-3
    Lot size
    2.82 Acres

    Taxes and HOA fees

    Tax Description
    Acres: 2.816, Lot 6, Block 1, Part of Rice Lemuel

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Stone Huffman
    Stone Huffman

    Listing agent Stone Huffman License #0719410

    Listing office Gun Barrel City 600 West Main St., Gun Barrel City, TX

    Listing date Feb 16, 2026

    MLS# 112344 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nearly 3 acres of cleared land, ideal for building a home, getaway, or investment.
    • No HOA and light restrictions allow for tiny homes, manufactured homes, or site‑built residences.
    • Water and electricity available at the road (Gholson Water, Hilco Electric Co‑op).
    • Mature tree lines provide natural privacy.
    • Recent survey available.
    • Convenient access to FM 933, Waco, and Hillsboro; approximately 45 minutes to Lake Whitney.

    Overview

    This 2.816-acre tract of land, located just north of Waco, Texas, presents a clean slate for a future homesite, weekend getaway, or long-term investment. The property features approximately 148 feet of paved frontage on Clater Powell Road and extends about 823 feet in depth, offering a balanced layout with flexibility for building placement. Mature tree lines along two sides provide natural privacy while maintaining an open and usable space. The land has been cleared, and a recent survey is available. Water is accessible through Gholson Water, and electricity is available through Hilco Electric Co-op at the road. A septic system will be required. Light restrictions allow for a tiny home, manufactured home, or site-built residence. There is no HOA, and the property is not located in a designated flood zone. Situated within Gholson ISD, the location provides convenient access to FM 933, Waco, and Hillsboro. Lake Whitney is approximately 45 minutes away. An adjoining tract is also available for buyers interested in expanding their footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gholson
    County
    McLennan
    State
    Texas
    Longitude
    -97.2330015
    Latitude
    31.7380466

    Nearby Similar for Sale

    • $153,999

      Gholson, TX Vacant Land

      4.65-acre vacant lot in McLennan County, Texas.
      2212 Hamilton Drive, Gholson, TX 76705
      View Details
    • $150,000

      5 Acre Tract Near River

      5 acre tract for building or recreation near the river.
      Lot 2 River Road, Gholson, TX 76705
      View Details
    • $150,000

      Gholson, TX Unimproved Land

      5 acre tract near the river, perfect for building.
      Lot 3 River Road, Gholson, TX 76705
      View Details
    • $150,000

      Gholson, TX Unimproved Land

      4.98 acre tract for building or recreational use.
      Lot 1 River Road, Gholson, TX 76705
      View Details
    • $120,000

      Gholson, TX 4.14 Acre Land

      4.14 acre property in Gholson, TX, ideal for building.
      286 Quillian Trace, Gholson, TX 76705
      View Details
    • $254,950

      Gholson, TX Unimproved Land

      9.8 acres of wooded land near Waco.
      13700 Gholson Road, Gholson, TX 76705
      View Details
    • $379,900

      Gholson, TX Unimproved Land

      Two tracts totaling 15.05 acres in Gholson, Texas.
      12999 Gholson Road, Gholson, TX 76705
      View Details
    • $79,000

      Gholson Land with Paved Frontage

      2.816 acres in Gholson, TX, ideal for homesite or investment.
      0 Clater Powell Road, Gholson, TX 76705
      View Details
    • $450,000

      Gholson, TX 15-Acre Land Tract

      15 acres of land near the river in Gholson, TX.
      Tbd River Road, Gholson, TX 76705
      View Details
    • $79,000

      Land Near Waco for Development

      2.8 acres near Waco, TX, ideal for homesite or investment.
      0 Clater Powell Road, Gholson, TX 76705
      View Details
    • $215,000

      Gholson, TX Unimproved Land

      10.486 acres of fenced land with water meter.
      Tbd Wesley Chapel Road, Gholson, TX 76705
      View Details
    • $4,460,000

      Central Texas Pecan Farm

      Established pecan farm with business and real estate included.
      12633 Gholson Rd, Gholson, TX 76705
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.8 acres near Waco, TX, ideal for homesite.
    Where is this residential land & home lot located?
    The property is located at Clater Powell Rd Gholson, TX.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: Nearly 3 acres of cleared land, ideal for building a home, getaway, or investment.; No HOA and light restrictions allow for tiny homes, manufactured homes, or site‑built residences.; Water and electricity available at the road (Gholson Water, Hilco Electric Co‑op).
    (903) 340-0419
    We can help!
    Listing Contact
    Stone Huffman
    Stone Huffman
    Real Estate License ID: 0719410
    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
    Clater Powell Rd, Gholson, TX 76705
    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!