Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Commercial Land Near Highway Title is generated by Realmo AI

    Pelican Road, Shepherd, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Over 11 acres of unrestricted commercial land near Highway 59.

    Type:LAND
    Lot size:
    11.39 Acres
    Added:
    Jun 20, 2025
    Days on Market:
    340
    Last Refresh:
    Apr 5 at 8:36 pm

    Property Features for Pelican Road

    General Information

    Standard status
    Active
    Lot size
    11.39 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Nina A Marino
    Nina A Marino

    Listing agent Nina A Marino License #0535979

    Listing office eXp Realty

    Listing date Jun 20, 2025

    Source Moodyscre

    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 eXp Realty

    HighLights

    • Unrestricted commercial use allows for diverse development possibilities.
    • Located minutes from Highway 59, providing excellent accessibility.
    • 11+ acres of land offers substantial space for various projects.
    • Great growth potential for new subdivisions or shopping centers.
    • Ideal for building a business or combined home and business.
    • Unimproved land presents unlimited opportunities for customization.

    Overview

    This property features over 11 acres of unimproved land situated minutes from Highway 59. The land offers unrestricted commercial use, making it suitable for establishing a business or a combined home and business. The property presents opportunities for new subdivisions or shopping centers, reflecting the area's growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Shepherd
    County
    San Jacinto
    State
    Texas
    Longitude
    -95.0211
    Latitude
    30.439

    Nearby Similar for Sale

    • $72,500

      3.17 Acres of Land

      Three tracts of land totaling 3.17 acres available.
      260 Beverly, Other, TX 77371
      View Details
    • $1,900,000

      Unrestricted Land on Highway 59

      15+ acres of unrestricted land with highway frontage near Houston.
      12900 Highway 59, Shepherd, TX 77371
      View Details
    • $670,000
      1,276 SF

      54.1 Acres with Mobile Home

      54.1-acre property with mobile home, ideal for recreation.
      3400 FM 1127, Shepherd, TX 77371
      View Details
    • $135,000

      1.82 Acres in Shepherd, TX

      1.82 acres in Shepherd, TX with unfinished house.
      1300 Cherry Creek Dr, Shepherd, TX 77371
      View Details
    • $119,900

      Shepherd, TX Land Opportunity

      4.9 acre lot suitable for building a home.
      120 S Green Pasture, Shepherd, TX 77371
      View Details
    • $6,800

      Land in Lake Water Wheel

      Land with community amenities in Lake Water Wheel Estate.
      Tbd Big Creek, Shepherd, TX 77371
      View Details
    • $500,000

      20 Acres Land with Improvements

      Two tracts totaling ±20 acres available for sale.
      FM 2914, Shepherd, TX
      View Details
    • $549,000
      1,056 SF

      Secluded Property with Income Potential

      Remodeled mobile homes on 11 acres with expansion possibilities.
      1001 County Line Road, Shepherd, TX 77371
      View Details
    • Contact for pricing

      Retail Property on US Hwy 69

      Retail property with high visibility on US Hwy 69.
      4350 Hwy 59 North, Shepherd, TX
      View Details
    • $549,000
      1,056 SF

      Secluded Property with Income Potential

      Remodeled mobile homes on 11 acres, multiple income streams.
      1001 County Line Road, Shepherd, TX 77371
      View Details
    • $119,900

      4.9 Acres on Independence Road

      Land suitable for building a home in Shepherd, Texas.
      120 S Green Pasture, Shepherd, TX 77371
      View Details
    • $220,000

      Land in Shepherd, Texas

      Land offers privacy, rural charm, and investment potential.
      925 County Line Road, Shepherd, TX 77371
      View Details

    FAQs

    What type of property is this?
    Land - Over 11 acres of unrestricted commercial land near Highway 59.
    Where is this land located?
    The property is located at Pelican Road Shepherd, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Unrestricted commercial use allows for diverse development possibilities.; Located minutes from Highway 59, providing excellent accessibility.; 11+ acres of land offers substantial space for various projects.
    (713) 818-0999 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nina A Marino
    Nina A Marino
    Real Estate License ID: 0535979
    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
    Pelican Road, Shepherd, TX
    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!