Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    State Highway 64 Canton, TX 75103
    Back to Search
    Property profile & analytics

    State Highway 64, Canton, TX 75103

    View on Map
    • Land
    • 1.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 State Highway 64

    Lot size
    1.20 lot acres
    Property type
    Land

    Description

    This exceptional 1.204-acre commercial lot is strategically located at the intersection of Highway 64 and FM 16 in Canton, Texas. Situated just outside city limits, it offers easy access to Tyler and benefits from high visibility and traffic flow. The property, with APN R000055156, presents numerous development opportunities due to its prime location. Zoning permits both commercial and residential uses, providing flexibility for a wide range of projects. Built in 2001, this land parcel is ready for immediate development. The asking price is $139,500. Its convenient location in Van Zandt County, Texas, zip code 75103 (latitude 32.5200912, longitude -95.8086223), makes it an attractive investment for businesses seeking high visibility and accessibility. This is a rare opportunity to acquire a well-positioned commercial lot with significant potential for growth and return. Don't miss out on this chance to secure a piece of prime real estate in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.8086
    Latitude
    32.5201

    Comparable in this City

    • Value Estimation by Request
      19.34 Acres

      4201 Tbd Vz County Rd

      Farms
      4201 Tbd Vz County Rd, Canton, TX 75103
      View Details
    • Value Estimation by Request
      11.75 Acres

      Tx-19

      Farms
      0 Tx-19, Canton, TX 75103
      View Details
    • Value Estimation by Request
      1.25 Acres

      17379 Access Rd

      Land
      17379 Access Rd, Canton, TX 75103
      View Details
    • Value Estimation by Request
      5.95 Acres

      239 Vz County Road 2122

      Land
      239 Vz County Road 2122, Canton, TX 75103
      View Details
    • Value Estimation by Request
      7.99 Acres

      1667 Vzcr 2205

      Land
      1667 Vzcr 2205, Canton, TX 75103
      View Details
    • Value Estimation by Request
      0.63 Acres

      17379 Access Rd

      Land
      17379 Access Rd, Canton, TX 75103
      View Details

    Similar Nearby for Sale

    • $311,800

      Land Tract in Canton, Texas

      Land tract available in Van Zandt County, Texas.
      3 Vz County Road 2303, Canton, TX 75103
      View Details
    • $130,000
      2.87 Acres

      2.87 Acres Unimproved Land

      2.87 acres of land in a quiet East Texas area.
      Vz County Road 4106, Canton, TX 75103
      View Details
    • $80,000
      251,515 SF

      Canton Acreage with Workshop

      5.774 acres with workshop, flexible usage potential.
      2410 Vz County Road 2410, Canton, TX 75103
      View Details
    • $130,000
      2.87 Acres

      2.87 Acres Unimproved Land

      2.87 acres of land in a quiet East Texas area.
      Vz County Road 4106, Canton, TX 75103
      View Details
    • $180,000
      6.68 Acres

      6.68 Acres Unimproved Land

      6.68 acres of land in a quiet East Texas area.
      Vz County Road 4106, Canton, TX 75103
      View Details
    • $67,500

      Land For Sale

      Land available in Canton, Texas.
      23 Ellis Ave, Canton, TX 75103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,228 SF

      Former Retail Space Available

      19,565 SF retail space with highway frontage available for lease.
      301 Texas 243, Canton, TX 75103
      View Details
    • Contact for pricing
      1,500 SF

      Canton Warehouse with Dual Garage

      1,500 sq ft warehouse with electricity and dual garage.
      573 W State Highway 243, Canton, TX 75103
      View Details
    • Contact for pricing
      5,400 SF

      Retail Space with Drive-Thru

      5,400 SF retail space with drive-thru opportunity.
      I-20, Canton, TX 75103
      View Details
    • $1,050 /Mo
      3,790 SF

      Metal Warehouse with Dual Garage Doors

      Open metal warehouse space with on-site electricity and convenient dual-portal access for storage or light build-outs.
      573 W State Highway 243, Canton, TX 75103
      View Details
    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.
    State Highway 64
    Canton, TX 75103
    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
    State Highway 64, Canton, TX, 75103
    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!