207 Elder St Colmesneil, TX 75938
This exceptional mixed-use property in Colmesneil, Texas, presents a unique investment opportunity. The offering includes a charming, single-story Victorian-style home situated on two acres, boasting wood laminate and ceramic tile floors, high ceilings, and a desirable floor plan. The home features front and back covered porches, a storage building, an attached garage, and a detached carport. Its versatile layout offers potential uses as a tea room, coffee house, music venue, antique shop, or even to house a property manager, tenant lounge, and office. Furthermore, the property includes 14 established RV spots equipped with 30/50 amp hookups and gravel driveways, ready to generate income. A large oak tree in the backyard provides a picturesque setting, suitable for photoshoots or small events. The property's location offers convenient access to various amenities, including retail stores, gas stations, restaurants, churches, schools, and a community center. Nearby attractions such as Lake Sam Rayburn, Lake Steinhagen, the Neches River, Angelina National Forest, museums, Heritage Village, and a rodeo arena enhance the property's appeal. Its proximity to Livingston, Lufkin, Jasper, Beaumont, and the Naskila Casino further adds to its strategic location. The property is listed at $395,000, with a building size of 1,684 square feet, and was built in 1907. The property's APN is R262848. The property is currently vacant and available for occupancy on November 30, 2023. This is a net lease investment opportunity with significant earning potential.
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
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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.