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    Commercial Land with Highway Frontage Title is generated by Realmo AI

    N Mlk Jr Highway, Mexia, TX 76667

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    Claim this Listing
    Pending
    $32,996

    LAND - Mexia, TX

    Lot size:
    1.29 Acres
    Added:
    May 26, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for N Mlk Jr Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Pending
    APN
    R14865
    Lot size
    1.29 Acres

    Taxes and HOA fees

    Tax Description
    HIGHWAY 14 NORTH ADDITION MEXIA, ACRES 1.38
    Tax Annual Amount
    242

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Stephen Shannon

    Listing agent Stephen Shannon License #0565775

    Listing office Goodfire Realty LLC Shreveport, TX

    Listing date May 26, 2026

    MLS# 21202835

    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

    • 1.29‑acre commercial lot on N. Martin Luther King Jr. Hwy (State Hwy 14) in Mexia, TX, with 402 ft depth and 140 ft of highway frontage
    • Flat rectangular lot with city water and public sewer available (City of Mexia) and power available (Oncor)
    • Partially within a flood zone: approx. 0.5 acres outside floodplain; remainder in the 500‑year flood zone (lowest FEMA risk classification)
    • Located within the Mexia Economic Development Zone and directly across from Mexia Industrial Park
    • No HOA; warranted title with survey available; conveyed by warranty deed; no liens or back taxes
    • Taxes: $241.55 annually; 2 miles to Downtown Mexia; 45 minutes to Waco; 85 miles to Dallas

    Overview

    A 1.29-acre rectangular commercial land parcel with approximately 140 feet of highway frontage and 402 feet of depth. The site is flat and includes about 0.5 acres outside the floodplain, with the remainder in a 500-year flood zone (lowest FEMA risk classification). The property is restricted to commercial use only and is presented with warranted title, a survey available, and conveyance by warranty deed. No HOA, liens, or back taxes are indicated.

    The land fronts N. Martin Luther King Jr. Hwy (State Hwy 14) in Mexia, Limestone County, and sits within the Mexia Economic Development Zone. It is directly across from Mexia Industrial Park, where Carry-On Trailers and Kioti Tractor assembly are located. Utilities include power available through Oncor, along with city water and sewer available from the City of Mexia.

    This is a practical site for investors or owner-users looking for a commercially oriented location with established utility access and straightforward configuration along a major state route. The majority of the parcel is in a 500-year flood zone, which may be a manageable factor depending on development design and intended use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mexia
    County
    Limestone
    State
    Texas
    Longitude
    -96.48696273
    Latitude
    31.69667533

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    FAQs

    What type of property is this?
    Commercial land - Flat, rectangular commercial lot with power and city water/sewer available along State Hwy 14 in Mexia.
    Where is this commercial land located?
    The property is located at N Mlk Jr Highway Mexia, TX.
    What is the asking price?
    The asking price for this property is $32,996.
    What are key features of this property?
    This property features: 1.29‑acre commercial lot on N. Martin Luther King Jr. Hwy (State Hwy 14) in Mexia, TX, with 402 ft depth and 140 ft of highway frontage; Flat rectangular lot with city water and public sewer available (City of Mexia) and power available (Oncor); Partially within a flood zone: approx. 0.5 acres outside floodplain; remainder in the 500‑year flood zone (lowest FEMA risk classification)
    (318) 347-3332
    We can help!
    Listing Contact
    Stephen Shannon
    Real Estate License ID: 0565775
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    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.

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