Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Expansive Land in Marlin, TX Title is generated by Realmo AI

    Phillips Street, Marlin, TX 76661

    View on Map
    Claim this Listing
    For Sale
    $199,900

    LAND - Marlin, TX

    Lot size:
    26.67 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    298
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for Phillips Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    26987
    Lot size
    26.67 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    A12-67 CHAMBERS-LASERDA 26.67 ACRES
    Tax Annual Amount
    41

    We can help!

    Listing Contact
    Debanhi Jobe

    Listing agent Debanhi Jobe License #0700779

    Listing office Texas Luxury and Land 218 N. Ave D, TX

    Listing date Aug 12, 2025

    MLS# 589495 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 26.67 acre property, a rare opportunity for a large parcel of land.
    • Located within Marlin, TX city limits.
    • Ideal for building, investment, or development.
    • Enjoy easy access to local stores, restaurants, and shopping.
    • Proximity to multiple major roads for efficient commutes.

    Overview

    This expansive 26.67-acre property is located in the heart of Marlin, Texas, within city limits. The location provides convenient access to local stores, restaurants, and shopping areas. Its proximity to multiple major roads facilitates efficient commutes. This property is suitable for building, investment, or development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Marlin
    County
    Falls
    State
    Texas
    Longitude
    -96.880694
    Latitude
    31.299921

    Nearby Similar for Sale

    • $265,000

      Renovated Downtown Office Building

      Completely renovated office building with upgraded systems, dual entrances, and two plumbed restrooms for flexible tenant use.
      138 Live Oak, Marlin, TX 76661
      View Details
    • $225,000
      3,493 SF

      Retail Barbershop with Attached Residence

      Front barbershop space and an attached 2-bedroom residence offer flexible mixed-use leasing arrangements.
      406 Live Oak Street, Marlin, TX 76661
      View Details
    • $125,000

      Fenced Subdivided Commercial Lot

      A well-maintained, fenced lot with utilities ready for flexible commercial development near active businesses.
      1428 Park Street, Marlin, TX 76661
      View Details
    • $225,000

      Triplex with Garage Apartment Units

      Three leased garage apartment units provide rental income, with room for expansion on a small residential tract.
      408 Live Oak Street, Marlin, TX 76661
      View Details
    • $250,000

      Turnkey Drive-Thru Restaurant Opportunity

      Fully equipped restaurant with drive-thru, ample parking, and recent roof upgrades for owner-operators or investors.
      1008 N Bus Hwy 6, Marlin, TX 76661
      View Details
    • $125,000

      Prime Commercial Lot in Marlin

      1.1-acre commercial lot in high-visibility location off Highway 6.
      1428 Park Street, Marlin, TX 76661
      View Details
    • $169,999

      Residential Land Near Waco

      11+ acres of rural residential land, 30 minutes from Waco.
      CR 182, Marlin, TX 76661
      View Details
    • $141,000

      Industrial Shop with Utilities On Acreage

      1.9-acre site with utilities, a 1,600 sq ft shop, and covered RV-ready lean-to for storage or development flexibility.
      405 County Road 121, Marlin, TX 76661
      View Details
    • $159,999

      Rural Residential Land With Multiple Sites

      Clear, level pasture land with electric and water service access, offering several buildable options in a restricted development.
      CR 182, Marlin, TX 76661
      View Details
    • $525,000

      Ranch Land with Ponds

      Fenced, lightly wooded acreage with two ponds, livestock barns, and utilities in place for cattle and hunting use.
      FM 147, Marlin, TX 76661
      View Details
    • $100,000

      Marlin, TX Unimproved Land

      5.3-acre country property perfect for building your dream home.
      County Rd 129, Marlin, TX 76661
      View Details
    • $148,500

      Heavily Wooded Land in Marlin, TX

      6.55 acres of wooded land near city amenities.
      CR 106, Marlin, TX 76661
      View Details

    FAQs

    What type of property is this?
    Commercial land - 26.67 acres in the heart of Marlin, Texas.
    Where is this commercial land located?
    The property is located at Phillips Street Marlin, TX.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Expansive 26.67 acre property, a rare opportunity for a large parcel of land.; Located within Marlin, TX city limits.; Ideal for building, investment, or development.
    (254) 723-2947
    We can help!
    Listing Contact
    Debanhi Jobe
    Real Estate License ID: 0700779
    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
    Phillips Street, Marlin, TX 76661
    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!