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    Tbd Lakeside Coleman, TX 76834

    • Land
    • 0.83 lot acres
    For Sale
    View listing
    $149,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Lakeside

    Lot size
    0.83 lot acres
    Property type
    Land

    Description

    This exceptional 0.83-acre commercial land parcel in Coleman, Texas (APN 18882, zip code 76834) presents a unique opportunity. Located at TBD Lakeside, this property boasts stunning views of a nearby lake, offering a serene setting without the upkeep of waterfront property. The lot features several mature oak trees, providing natural shade and beauty, ideal for landscaping and outdoor living. Its versatile layout allows for various development options. Access is available from two different roads, enhancing convenience and flexibility for potential additions such as a carport, boat storage, RV storage, or a detached garage. The property's proximity to a local bait store and restaurant adds to its appeal, providing easy access to lakeside leisure and entertainment. This land is perfect for building a permanent residence, a vacation home, or other commercial ventures. The property is comprised of three contiguous lots, totaling 0.83 acres. This prime location in Coleman County offers a blend of natural beauty, accessibility, and community convenience. The asking price is $149,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coleman
    County
    Coleman
    State
    Texas
    Longitude
    -99.5599
    Latitude
    31.8468

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      106 East St

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    • Value Estimation by Request

      Coleman, TX 76834

      COMMERCIAL (GENERAL)
      Coleman, TX 76834
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    • Value Estimation by Request

      Colorado

      COMMERCIAL (GENERAL)
      Colorado, Coleman, TX 76834
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    • Value Estimation
      $250,000
      2.72 Acres

      Walnut Railroad

      COMMERCIAL (GENERAL) • 2.72 Acres
      Walnut Railroad, Coleman, TX 76834
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    • Value Estimation
      $255,000
      7.84 Acres

      112 Santa Anna Ave

      COMMERCIAL (GENERAL) • 7.84 Acres
      112 Santa Anna Ave, Coleman, TX 76834-7410
      View Details
    • Value Estimation
      $325,000
      3,440 SF

      115 Santa Anna Ave

      COMMERCIAL (GENERAL) • 3,440 SF
      115 Santa Anna Ave, Coleman, TX 76834-7409
      View Details

    Similar Nearby for Sale

    • $149,900
      0.83 Acres

      Lakeside Coleman Commercial Land

      0.83-acre commercial lot, scenic lake views
      0 Tbd Lakeside, Coleman, TX 76834
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      247 County Rd, Coleman, TX 76834
      View Details
    • Contact for pricing
      0.18 Acres

      Corner Lot in Coleman, Texas

      Unimproved corner lot in Coleman, Texas, suitable for development.
      400 E Walnut St, Coleman, TX 76834
      View Details
    • $55,000
      2.41 Acres

      Unimproved Land on Highway 84

      2.4-acre tract on Highway 84 Bypass in Coleman, Texas.
      Tbd 2.4Acres Hwy 84 Byp, Coleman, TX 76834
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    • $55,000
      2.41 Acres

      Highway Frontage Commercial Land

      Unimproved 2.4-acre tract on Highway 84 Bypass.
      Tbd Hwy 84 N, Coleman, TX 76834
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    • $1,639,000
      288.80 Acres

      Coleman Farm and Ranch Land

      288.8 acre farm/ranch with home, barns, ponds, and hunting.
      447 County Road 411, Coleman, TX 76834
      View Details
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    Tbd Lakeside
    Coleman, TX 76834
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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.

    More about this property
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