Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale in Taft Title is generated by Realmo AI

    FM 1074 lot 0, Taft, TX 78390

    View on Map
    Claim this Listing
    For Sale
    $100,000

    LAND - Taft, TX

    Added:
    Mar 13, 2025
    Days on Market:
    451
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for FM 1074 lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    51283

    Taxes and HOA fees

    Tax Description
    Approximately 5 acres out of 72.00 ACS out of SEC 50 PAUL SUB-CFP CO.

    We can help!

    Listing Contact
    Wayne Lundquist
    Wayne Lundquist

    Listing agent Wayne Lundquist License #0163197

    Listing office Cobb, Lundquist & Atnip, Inc. 700 Everhart Rd Ste F11, Corpus Christi, TX

    Listing date Mar 13, 2025

    MLS# 455940 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two 5‑acre tracts available, subject to survey.
    • Located approximately 4 miles west of Portland.
    • Property is situated at the corner of CR 3161.
    • Accessible via a caliche road.
    • Surface estate only.
    • Taxes show property to be in Taft ISD (buyer to confirm).

    Overview

    This property consists of a land tract located approximately 4 miles west of Portland, Texas. The land is situated on the left side of FM 1074, at the corner of CR 3161, and is accessible via a caliche road. The offering includes the surface estate only. The property is one of two 5-acre tracts, and the buyer is responsible for obtaining a survey. According to tax records, the property is located within the Taft Independent School District; however, the buyer should confirm the actual school information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Taft
    County
    San Patricio
    State
    Texas
    Longitude
    -97.423059
    Latitude
    27.888002

    Nearby Similar for Sale

    • $1,100,000
      9,100 SF

      Commercial Warehouse Ready For Enterprise

      Commercial warehouse with office space on 2.7 partially fenced acres.
      8808 County Road 1458, Taft, TX 78390
      View Details
    • $1,250,000
      15,576 SF

      Taft Retail Store on Highway

      Retail store with offices, loading dock, and fenced storage.
      616 US Highway 181, Taft, TX 78390
      View Details
    • $553,000
      44,782 SF

      Taft, TX Development Land

      3.23 acre commercial land for sale in Taft, TX.
      1201 Gregory Street lot: Pt Tr A, Taft, TX 78390
      View Details
    • $300,000

      Taft, TX Commercial Land

      One-acre commercial land tract off Highway 181 in Taft, TX.
      180 US Highway 181 lot: 0, Taft, TX 78390
      View Details
    • $60,000
      1,220 SF

      Flexible Retail Storefront Opportunity

      Small-format space suited for a retail shop or quick-service food concept in Taft, Texas.
      101 Mcintyre Avenue, Taft, TX 78390
      View Details
    • $45,000

      Land in Taft, Texas

      Spacious lot near new school construction, potential for growth.
      718 Mcintyre Avenue lot: 4, Taft, TX 78390
      View Details
    • $79,000
      2,403 SF

      Professional Office Building in Taft

      Office building in downtown Taft, ready for professional use.
      120 Green Avenue, Taft, TX 78390
      View Details
    • $500,000

      Taft, TX Acreage For Sale

      6.67 acres near Portland, Texas, with sunrise and sunset views.
      2540 County Road 3161 lot: 9B, Taft, TX 78390
      View Details
    • $1,914,000

      Productive Farmland in Taft, TX

      127.6 acres of farmland with development potential near Portland.
      Lackey Rd lot: 0, Taft, TX 78390
      View Details
    • $220,000

      Waterfront Acreage in Taft, Texas

      Bayfront land with water views near Corpus Christi.
      W/2 OF LOT 17 County Road 2200 lot: 17, Taft, TX 78390
      View Details
    • $2,000,000

      Waterfront Land in Taft, Texas

      16-acre waterfront property near Corpus Christi with development potential.
      CR 3161 & 2220 lot: 24, Taft, TX 78390
      View Details
    • $115,000

      Residential Lot in Salt Grass

      0.58-acre residential lot in Taft, Texas, near the water.
      CR 2226 lot: 17, Taft, TX 78390
      View Details

    FAQs

    What type of property is this?
    Land - Land tract approximately 4 miles from Portland, Texas.
    Where is this land located?
    The property is located at FM 1074 lot 0 Taft, TX.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Two 5‑acre tracts available, subject to survey.; Located approximately 4 miles west of Portland.; Property is situated at the corner of CR 3161.
    (361) 510-7371
    We can help!
    Listing Contact
    Wayne Lundquist
    Wayne Lundquist
    Real Estate License ID: 0163197
    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
    FM 1074 lot: 0, Taft, TX 78390
    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!