Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land at I-20 Intersection Title is generated by Realmo AI

    I-20 and HWY 603, Clyde, TX 79510

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    10 acres of commercial land at a high-traffic intersection.

    Type:Land
    Lot size:
    10.00 Acres
    Added:
    May 23, 2024
    Days on Market:
    738
    Last Refresh:
    May 12 at 9:03 pm

    Property Features for I-20 and HWY 603

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Steve Sykes

    Listing agent Steve Sykes License #665628

    Listing office Davis Vernon Real Estate

    Listing date May 23, 2024

    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 Davis Vernon Real Estate

    HighLights

    • Prime commercial location at the intersection of Interstate 20 and US 603
    • High traffic counts: over 35,000 vehicles per day
    • Located on the southeast corner of the intersection
    • Priced at $4.59 per square foot
    • 10 acres available for commercial development
    • Located halfway between Abilene and Clyde, TX, on a path of progress

    Overview

    Approximately 10 acres are available for commercial development, surveyed from a larger land tract at the intersection of Interstate 20 and US 603. The property is priced at $4.59 per square foot and can be surveyed lengthwise along the access road or along Highway 603. Situated halfway between Abilene and Clyde, Texas, the location is experiencing growth from both cities. The southeast corner of the intersection benefits from strong traffic counts, exceeding 35,000 vehicles per day. The seller is open to considering all offers for this commercial corner.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Clyde
    County
    Callahan
    State
    Texas
    Longitude
    -99.5331
    Latitude
    32.2931

    Nearby Similar for Sale

    • $340,000

      Clyde Auto Shop on I-20

      3,000 SF auto shop with I-20 frontage in Clyde, TX.
      4801 Interstate 20 W, Clyde, TX 79510
      View Details
    • $295,000

      Retail Strip with Highway Exposure

      Three-tenant retail strip with private parking and highway visibility.
      311 S Access Road, Clyde, TX 79510
      View Details
    • $498,900
      1,803 SF

      Clyde Farm/Ranch Legacy Homestead

      22-acre Clyde homestead with Ag exemption, solar, and amenities.
      901 FM2700, Clyde, TX 79510
      View Details
    • $399,900
      8,952 SF

      Six Mobile Homes Portfolio

      Six 3-bed, 2-bath mobile homes on approximately 7 acres.
      8169 Private Road 5072, Clyde, TX 79510
      View Details
    • $2,900,000

      Versatile Commercial Property on I-20

      Sprawling 3.16-acre property with 40,710 sq ft across three buildings.
      302 N Access Road, Clyde, TX 79510
      View Details
    • $764,000
      1,607 SF

      80-Acre Ranch in Callahan County

      80-acre property with a 3-bedroom home in Callahan County.
      11775 CR 242, Clyde, TX 79510
      View Details
    • $399,900

      Prime Retail Location in Clyde

      Retail location in Clyde, anchored by United Supermarket.
      523 S Access Road, Clyde, TX 79510
      View Details
    • $283,500

      27-Acre Fenced Land in Clyde

      27-acre fenced land with tanks, ideal for homesite or agriculture.
      Tbd1 County Road 250, Clyde, TX 79510
      View Details
    • $1,350,000

      Eight Rented Homes Package Deal

      Eight homes in Clyde, TX, all currently rented.
      421 Sparrow Lane, Clyde, TX 79510
      View Details
    • $1,550,000

      Texas Countryside Land Opportunity

      Versatile 182.6-acre tract near Clyde, TX, with grazing and recreation.
      7756 County Road 241, Clyde, TX 79510
      View Details
    • $72,000

      Land with Mature Trees

      3.33 acre lot with mature trees, well water.
      8808 County Road 233, Clyde, TX 79510
      View Details
    • $119,000

      Clyde, TX Unimproved Land

      10.4 acres of land ready for your dream homestead.
      5805 County Road 223, Clyde, TX 79510
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10 acres of commercial land at a high-traffic intersection.
    Where is this commercial land located?
    The property is located at I-20 and HWY 603 Clyde, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime commercial location at the intersection of Interstate 20 and US 603; High traffic counts: over 35,000 vehicles per day; Located on the southeast corner of the intersection
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Sykes
    Real Estate License ID: 665628
    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
    I-20 and HWY 603, Clyde, TX 79510
    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!