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

    N Highway 171, Mexia, TX 76667

    View on Map
    Claim this Listing
    Pending
    $350,000

    LAND - Mexia, TX

    Lot size:
    26.00 Acres
    Added:
    May 27, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for N Highway 171

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Crops
    Standard status
    Pending
    APN
    R15592
    Lot size
    26.00 Acres

    Taxes and HOA fees

    Tax Description
    A030 P. Varela, BLOCK 023, ACRES 25.917

    We can help!

    Listing Contact
    Kim Story
    Kim Story

    Listing agent Kim Story License #0484750

    Listing office Story Real Estate Group Mexia, TX

    Listing date May 27, 2026

    MLS# 20755718 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

    • Land located just a few miles from Mexia, close to shopping and dining options
    • Produces an abundant hay harvest annually
    • Ample space for cattle and horses
    • Suitable for 4‑H projects, ATV riding, and fishing

    Overview

    This for-sale land tract offers an open setting with room for multiple uses, including development plans and residential construction. The property is described as producing an abundant hay harvest annually, with space that can also support cattle and horses. Recreation is a key draw as well, with room for ATV riding and fishing, along with opportunities for 4-H projects.

    The tract is located just a few miles from Mexia, putting it within reach of local shopping and dining. Access is available via N Highway 171 in Mexia, TX 76667, offering straightforward connectivity for weekend use, livestock activities, or future build-out.

    For buyers looking for flexibility, this property fits a range of priorities, from creating a custom home site to maintaining agricultural production. Recreational-minded users may also value the combination of hay ground, animal space, and room for outdoor activities like ATVs and fishing. Investors or developers can consider the acreage as a potential holding or development site given the stated suitability for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.49913893
    Latitude
    31.69254154

    Nearby Similar for Sale

    • $1,850,000

      Drive-Through Restaurant Building

      2019-built restaurant with double drive-through, pickup windows, and kitchen equipment included for fast-food operators.
      708 Milam, Mexia, TX 76667
      View Details
    • $1,500,000

      Turnkey Bar and Restaurant Property

      Iconic, fully equipped bar and restaurant with an additional full-sized restaurant ready for a new owner.
      701 N Martin Luther King Jr Highway, Mexia, TX 76667
      View Details
    • $399,500

      Metal Auto Repair Building with Meters

      Multi-section metal shop currently used for alternator repair, with separate water and electrical meters for flexible operation.
      2596A Highway 84 W, Mexia, TX 76667
      View Details
    • $449,500
      22,875 SF

      Multi-Use Downtown Commercial Property

      Large multi-building site with retail showroom and auto-tire bays, plus storage and redevelopment space in downtown Mexia.
      405 E Commerce Street, Mexia, TX 76667
      View Details
    • $445,000

      Retail Restaurant and Office Building

      Flexible commercial building with a basic kitchen setup, ADA restrooms, and a high-fenced yard for storage and parking overflow.
      1309 E Milam Street, Mexia, TX 76667
      View Details
    • $224,900

      Multi-Use Commercial Building with Dock

      A brick and metal building with dock and multiple rollup doors, suited for retail, office, manufacturing, or warehousing needs.
      214 N Railroad Street, Mexia, TX 76667
      View Details
    • $225,000

      Multi-Building Flex Property with Highway Frontage

      Three separate buildings on 900 ft of Highway 84 frontage, with parking and utility services for flexible business use.
      1824 Highway 84 W, Mexia, TX 76667
      View Details
    • $250,000

      Brick Office Building with Loft Potential

      Brick building offers six leased office spaces and framed, unfinished loft areas ready to convert into additional income.
      401 E Commerce Street, Mexia, TX 76667
      View Details
    • $275,000

      Downtown Office and Event Center

      Multi-tenant downtown building with individual office spaces and a separate event center entrance.
      304 E Commerce Street, Mexia, TX 76667
      View Details
    • $150,000

      Multi-Use Land with Highway Frontage

      Multi-use tract near Highway 84 with scattered trees, a large back pond, and utility access for flexible development plans.
      Hwy 84 W, Mexia, TX 76667
      View Details
    • $75,000

      One-Story Brick Office/Church Building

      Former church facility with flexible interior rooms, restrooms, and a large parking lot off Highway 171.
      932 Highway 171, Mexia, TX 76667
      View Details
    • $399,900

      Multiple Properties and Land Package

      Investment opportunity: three homes and a one-acre lot.
      516 S Mckinney Street, Mexia, TX 76667
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Versatile acreage near Mexia suited for development, recreation, and ongoing hay production.
    Where is this agricultural land / farmland located?
    The property is located at N Highway 171 Mexia, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Land located just a few miles from Mexia, close to shopping and dining options; Produces an abundant hay harvest annually; Ample space for cattle and horses
    (903) 388-8826
    We can help!
    Listing Contact
    Kim Story
    Kim Story
    Real Estate License ID: 0484750
    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
    N Highway 171, Mexia, TX 76667
    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!