Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Tbd Southtown Drive Muenster, TX 76252

    View on Map
    Claim this Listing
    New
    For Sale
    Under Contract
    $65,000

    Unimproved Land - Muenster, TX

    Type:Unimproved Land
    Lot size:
    0.48 Acres
    Added:
    May 6, 2026
    Days on Market:
    3
    Last Refresh:
    May 8 at 1:06 am

    Property Features for Tbd Southtown Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    108861
    Lot size
    0.48 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Bob Bayer
    Kelly Bob Bayer

    Listing agent Kelly Bob Bayer License #0702821

    Listing office RE/MAX FIRST REALTY 305 California, Gainesville, TX

    Listing date May 6, 2026

    MLS# 21185223 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

    • Prime residential lot in Muenster, Texas.
    • Walking distance to city park and Heritage Park.
    • Located in highly‑rated Muenster ISD.
    • Utilities available nearby for easy building.
    • Close proximity to downtown shops, restaurants, and community events.
    • Excellent opportunity for a custom home or investment property.

    Overview

    Residential Lot in Muenster, Texas

    This residential lot is available for sale in Muenster, Texas, situated within walking distance of the city park and Heritage Park. The build-ready lot is located in Muenster ISD, providing access to local schools, downtown shops, restaurants, churches, and community events like Germanfest. Utilities are available nearby. This property is suitable for building a custom home, primary residence, or investment property. The lot size is 0.4821 acres. It offers location, lifestyle, and long-term value in a growing North Texas market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Muenster
    County
    Cooke
    State
    Texas
    Longitude
    -97.383725
    Latitude
    33.645705

    Nearby Similar for Sale

    • $575,000

      41.84 Acres in Cooke County

      41.84 acres in Marysville near the Red River.
      3868 County Road 417, Muenster, TX 76252
      View Details
    • $149,000

      Two Acres in Elmview Estates

      Two-acre lot in Myra, TX, with panoramic views.
      Tbd -6 Fm 1198, Muenster, TX 76252
      View Details
    • $1,449,000

      Prime North Texas Agricultural Land

      111.2-acre tract ideal for farming, ranching, or land banking.
      1630 FM 1198, Muenster, TX 76252
      View Details
    • $209,000

      Muenster, TX Agricultural Exempt Land

      11 acres of ag exempt land near Muenster, Texas.
      11 Ac Tbd Cr341 FM 1630, Muenster, TX 76252
      View Details
    • $149,000

      Two Acres in Elmview Estates

      Two-acre lot with panoramic views, ideal for custom home.
      Tbd -1 Fm 1198, Muenster, TX 76252
      View Details
    • $149,000

      Two Acres in Elmview Estates

      Two-acre lot with panoramic views, ready for custom build.
      Tbd -5 Fm 1198, Muenster, TX 76252
      View Details
    • $157,000

      2.55 Acres in Elmview Estates

      Land for sale in a growing area near Myra, Texas.
      Tbd -3 Fm 1198, Muenster, TX 76252
      View Details
    • $157,000

      2.5 Acres in Elmview Estates

      2.5 acres in Myra, TX, no HOA, bring your builder!
      Tbd -4 Fm 1198, Muenster, TX 76252
      View Details
    • $149,000

      Two Acres in Elmview Estates

      Two-acre lot in Muenster, TX, with flexible building options.
      Tbd -2 Fm 1198, Muenster, TX 76252
      View Details
    • $332,500

      Muenster, TX Agricultural Exempt Land

      17. 5 acres of ag exempt land near Muenster.
      17.5ac Tbd FM 1630, Muenster, TX 76252
      View Details
    • $180,000

      Unimproved Land Near Muenster, TX

      1.97 acre unimproved land parcel near downtown Muenster, Texas.
      Tbd Fm 373 S FM 373, Muenster, TX 76252
      View Details
    • $2,212,000

      158-Acre Muenster Ranch with Income

      158-acre ranch near Muenster, TX with income potential.
      3207 County Road 431, Muenster, TX 76252
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime residential lot near parks, schools, and downtown Muenster.
    Where is this residential land & home lot located?
    The property is located at Tbd Southtown Drive Muenster, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Prime residential lot in Muenster, Texas.; Walking distance to city park and Heritage Park.; Located in highly‑rated Muenster ISD.
    (940) 665-0376
    We can help!
    Listing Contact
    Kelly Bob Bayer
    Kelly Bob Bayer
    Real Estate License ID: 0702821
    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
    Tbd Southtown Drive, Muenster, TX 76252
    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!