Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1545 Lcr 117 Colorado City, TX 79525
    Back to Search
    Property profile & analytics

    1545 Lcr 117, Colorado City, TX 79525

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

    Current Use by Public Records

    • Land

    Property Details for 1545 Lcr 117

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    Own a piece of Texas tranquility with these exceptional lake view lots located on the eastern side of Lake Champion Creek Reservoir, just five miles south of Colorado City. These peaceful properties offer breathtaking views and easy access to a variety of recreational activities, including hunting, fishing, and birdwatching. Each lot is approximately one acre, providing ample space for building your dream home or weekend getaway. There's also the option to combine multiple lots for even larger acreage, catering to various needs and preferences. The lots are conveniently situated bordering Mitchell County Road 117 and 123, ensuring easy access and convenient location. Enjoy the serenity of the natural surroundings while still being within a reasonable distance to the amenities of Colorado City. This is a unique opportunity to own a piece of Texas lakefront property, perfect for those seeking a peaceful retreat or a prime investment opportunity. The property is zoned residential and offers the potential for building a custom home, a vacation cabin, or simply enjoying the land as is. Don't miss out on this chance to own a piece of this beautiful Texas landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colorado City
    County
    Mitchell
    State
    Texas
    Longitude
    -100.834
    Latitude
    32.2999

    Comparable in this City

    • Value Estimation by Request
      2,278 SF

      735 Ave E Ave

      COMMERCIAL (GENERAL)
      735 Ave E Ave, Hawley, TX 79525-3175
      View Details
    • Value Estimation by Request
      1,403 SF

      509 Ave E Ave

      COMMERCIAL (GENERAL)
      509 Ave E Ave, Hawley, TX 79525
      View Details
    • Value Estimation by Request
      8,142 SF

      Ave E Ave

      COMMERCIAL (GENERAL)
      Ave E Ave, Hawley, TX 79525
      View Details
    • Value Estimation by Request
      1,272 SF

      540 8th St

      COMMERCIAL (GENERAL)
      540 8th St, Hawley, TX 79525
      View Details
    • Value Estimation by Request
      1,500 SF

      530 8th St

      COMMERCIAL (GENERAL)
      530 8th St, Hawley, TX 79525
      View Details
    • Value Estimation by Request
      1,479 SF

      7618 Us Hwy 277th S

      COMMERCIAL (GENERAL)
      7618 Us Hwy 277th S, Hawley, TX 79525-2126
      View Details

    Similar Nearby for Sale

    • $39,900
      2.00 Acres

      Unimproved Land in Hawley, TX

      Two-acre land near growing AI facility with utilities available.
      26 Tbd Pr, Hawley, TX 79525
      View Details
    • $89,900
      10.01 Acres

      10-Acre Tract in 1812 Estates

      10-acre tract in new subdivision near Abilene, Texas.
      9 Fm 1812, Hawley, TX 79525
      View Details
    • New
      Contact for pricing
      1.00 Acre

      Unimproved Land Near AI Facility

      Land with utilities, private road, and fiber internet access.
      13 Tbd Pr461, Hawley, TX 79525
      View Details
    • Contact for pricing
      1.00 Acre

      Unimproved Land in Hawley, TX

      One-acre land near AI facility with utilities and fiber internet.
      12 Tbd Pr, Hawley, TX 79525
      View Details
    • $265,000
      25.00 Acres

      25 Acres of Versatile Land

      25 acres in Hawley, TX, suitable for various uses.
      7498 Private Road 391, Hawley, TX 79525
      View Details
    • New
      Contact for pricing

      Land Near Hawley AI Facility

      Land with utilities and fiber internet near growing AI facility.
      10034 County Road 483, Hawley, TX 79525
      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.
    1545 Lcr 117
    Colorado City, TX 79525
    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
    1545 Lcr 117, Colorado City, TX, 79525
    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!