P2L36 Lcr 469 Mexia, TX 76667
This exceptional 3.5-acre property in Limestone County, Texas, presents a unique opportunity for various uses. Located near Mexia, TX (zip code 76667), this flat, treed lot (APN R138382) measures 437 feet by 345 feet and is zoned Residential/Agricultural. The land boasts well-maintained native grasses, ideal for livestock grazing and qualifying for agricultural tax exemption. A water meter is already installed, reducing tap-in costs to $750. Utilities are readily accessible, including Oncor Electric (buyer to verify connection cost), White Rock Water Supply, and Atmos Energy gas. Septic installation is required, with the property meeting OSSF-approved conditions for conventional or aerobic systems. Vyve Broadband provides internet access, and excellent cellular coverage is available from major carriers. The property is conveniently located near Limestone County Airport (minimal air traffic), Mexia, and several recreational areas including Lake Mexia and Fort Parker State Park. Light covenants protect property values, allowing for residential, ranching, or agricultural uses (excluding commercial, industrial, or salvage yard purposes). Minimum living space for permanent structures is 750 sq ft. Mobile and manufactured homes must be HUD-compliant. RVs must be self-contained unless connected to a septic system. The property is outside Mexia city limits and features a gate entry. The survey is approved and platted, with easement and corner markers clearly identified. This is an ideal location for a country home, cabin, or even a tiny home, offering a tranquil Texas lifestyle with stunning stargazing opportunities. Property taxes are currently $9.95 annually with the ag exemption (subject to change).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.