Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    131 Watts Ln Haskell, TX 79521

    • Commercial real estate
    • 8.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 131 Watts Ln

    Year built
    2000
    Lot size
    8.26 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 8.26-acre property, located at 131 Watts Lane in Haskell, Texas, presents a unique investment opportunity in the form of an established trailer park situated on the shores of Lake Stamford. The park currently boasts 32 leased lots, generating a consistent income stream, with significant potential for expansion. There are also 17 daily rental spots equipped with electricity and sewer hookups, further enhancing revenue potential. The property's prime location offers direct access to the lake, providing residents with recreational opportunities such as boating and fishing, a significant draw for tenants. High occupancy rates demonstrate the consistent demand for this type of accommodation. The existing zoning permits the development of additional RV sites, allowing for future growth and increased profitability. This turnkey operation offers a rare chance to acquire a well-established, income-producing asset in a desirable lakeside setting. The property is priced at $299,000 and represents a compelling investment for those seeking a stable and potentially expanding business venture. The existing infrastructure and high occupancy rates minimize initial investment risk and maximize immediate return. This is a truly exceptional opportunity to own a thriving business with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Haskell
    County
    Haskell
    State
    Texas
    Longitude
    -99.6278
    Latitude
    33.0597

    Comparable in this City

    • Value Estimation
      $255,000
      0.17 Acres

      1609 1st St

      COMMERCIAL (GENERAL) • 0.17 Acres
      1609 1st St, Haskell, TX 79521-5301
      View Details
    • Value Estimation
      $260,000
      1.80 Acres

      700 Ave B B

      COMMERCIAL (GENERAL) • 1.80 Acres
      700 Ave B B, Haskell, TX 79521-4636
      View Details
    • Value Estimation
      $285,000
      5,064 SF

      509 1st E St

      COMMERCIAL (GENERAL) • 5,064 SF
      509 1st E St, Haskell, TX 79521-5235
      View Details
    • Value Estimation
      $305,000
      6,092 SF

      516 1st St

      COMMERCIAL (GENERAL) • 6,092 SF
      516 1st St, Haskell, TX 79521-5708
      View Details
    • Value Estimation
      $275,000
      4,020 SF

      512 1st St

      COMMERCIAL (GENERAL) • 4,020 SF
      512 1st St, Haskell, TX 79521-5708
      View Details
    • Value Estimation
      $270,000
      5,988 SF

      331 County Rd 210

      COMMERCIAL (GENERAL) • 5,988 SF
      331 County Rd 210, Haskell, TX 79521-9314
      View Details

    Similar Nearby for Sale

    • $250,000
      100.00 Acres

      Haskell County Commercial Land Investment

      100 Acres, Prime Commercial Land, Texas
      0 Josselet Rd, Haskell, TX 79521
      View Details
    • $200,000
      80.00 Acres

      80 Acres Haskell County Land

      Prime Commercial Land, Texas. Excellent Investment.
      0 Josselet Rd, Haskell, TX 79521
      View Details
    • $242,740
      4,080 SF

      Downtown Haskell Executive Offices

      Prime Haskell location, 4,080 sq ft office building.
      410 1St St, Haskell, TX 79521
      View Details
    • $89,900
      3,700 SF

      Haskell Retail Building - Prime Location

      Versatile Commercial Space, High Visibility, Downtown Haskell
      108 Avenue D, Haskell, TX 79521
      View Details
    • $199,900
      0.10 Acres

      Two-Story Building in Historic Square

      Two-story commercial building in downtown Haskell, newly renovated downstairs space.
      400 N 1St St, Haskell, TX 79521
      View Details
    • $1,443,300
      0.40 Acres

      Leased Apartment Complex in Haskell, TX

      Fully leased 3-unit apartment complex with stable income potential.
      604 N 3Rd St, Haskell, TX 79521
      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.
    131 Watts Ln
    Haskell, TX 79521
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.