Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land Near Centerville, TX Title is generated by Realmo AI

    County Road 228, Centerville, TX 75833

    View on Map
    Claim this Listing
    Pending
    $186,540

    LAND - Centerville, TX

    Lot size:
    26.22 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    614
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for County Road 228

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Pending
    APN
    011280140000000000000
    Lot size
    26.22 Acres

    Taxes and HOA fees

    Tax Description
    RURAL AB 1128 H FARLEY 26.22 acres
    Tax Annual Amount
    4144

    We can help!

    Listing Contact
    Angela Kennedy
    Angela Kennedy

    Listing agent Angela Kennedy License #0453728

    Listing office Keller Williams Realty Brazos Katy, TX

    Listing date Sep 30, 2024

    MLS# 20616682 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 26+ acre tract of land
    • Secluded location at the end of a county road
    • Unrestricted land offering flexibility for use
    • Approximately half wooded with mature pines and hardwoods
    • Clearing available for cabin or residence
    • Close proximity to I‑45 (15 minutes)

    Overview

    This 26.22-acre tract of land is located in Leon County, east of Centerville, Texas, and approximately 15 minutes from I-45. Situated at the end of a county road, the property offers seclusion. The land is approximately half wooded with mature pines and hardwoods, featuring a clearing suitable for a cabin or permanent residence. The property is unrestricted, offering flexibility for various uses such as recreational activities, including ATV riding and hiking, and enjoying the local wildlife. Electricity is located nearby, but availability should be confirmed by the buyer. Community water is not known to be available, so a water well would be needed.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Centerville
    County
    Leon
    State
    Texas
    Longitude
    -96.0580197
    Latitude
    31.4637866

    Nearby Similar for Sale

    • $780,000

      Recreational Hunting Land with South Views

      78-acre recreational tract with easement access and elevated southern views for hunting and fishing.
      County road 204, Centerville, TX 75833
      View Details
    • $1,589,160

      Centerville Ranch with Wildlife Abundance

      Secluded ranch property near Centerville, TX, ideal for nature lovers.
      99999 CR 207, Centerville, TX 75833
      View Details
    • $995,000

      Hunting and Recreational Land

      Timber-and-open acreage with a hunting cabin under construction, trails, and strong deer and waterfowl opportunities.
      Private Road 1428, Centerville, TX 75833
      View Details
    • $430,000

      Centerville Land with Utilities

      39.15 acres with frontage, power, water wells, and timber.
      (39.15 acres) 12868 County Road 122, Centerville, TX 75833
      View Details
    • $430,000

      20-Acre Unrestricted Property

      20-acre unrestricted property with a 4-bed, 3.5-bath home.
      14600 State Highway 7 E, Centerville, TX 75833
      View Details
    • $930,000

      Unimproved Ranch Land Opportunity

      Unimproved acreage suited for ranching or future development planning in Leon County, TX.
      CR 124, Centerville, TX 75833
      View Details
    • $572,357

      Timberland with Mixed Hardwood and Pine

      Mixed timber tract offers heavy timber with hardwood and pine composition for long-term forestry potential.
      CR 204, Centerville, TX 75833
      View Details
    • $155,000

      Lakefront Residential Land

      Waterfront lot in a gated community with lake access, central water, fiber internet, and paved roads for your build plan.
      TR 108 PR 1314, Centerville, TX 75833
      View Details
    • $165,000

      Gated Ranch Land Parcel

      A gated community homesite with low-tax AG exemption and access to a private lake park with fishing dock and pavilion.
      10.01 Acre TR 94, Centerville, TX 75833
      View Details
    • $376,950

      Agricultural Land Parcel

      Expansive land with an agricultural exemption and frontage on a private road, offering flexibility for future development.
      TR 13 Private Road 1310, Centerville, TX 75833
      View Details
    • $199,000

      Residential Homesite with Private Lake Access

      Choose your builder on a spacious homesite with access to a private lake park, fishing dock, and pavilion.
      Pr 1315, Centerville, TX 75833
      View Details
    • $495,000

      24-Acre Property with Stocked Ponds

      24 acres featuring stocked ponds, ideal for recreation.
      11109 County Road 207, Centerville, TX 75833
      View Details

    FAQs

    What type of property is this?
    Land - 26+ acre tract perfect for a quiet weekend retreat.
    Where is this land located?
    The property is located at County Road 228 Centerville, TX.
    What is the asking price?
    The asking price for this property is $186,540.
    What are key features of this property?
    This property features: 26+ acre tract of land; Secluded location at the end of a county road; Unrestricted land offering flexibility for use
    (281) 599-7600
    We can help!
    Listing Contact
    Angela Kennedy
    Angela Kennedy
    Real Estate License ID: 0453728
    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

    Thank You for Inquiry
    County Road 228, Centerville, TX 75833
    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!