Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    275 Fm 247 Rd Huntsville, TX 77320

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    275 Fm 247 Rd Huntsville, TX 77320

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

    Current Use by Public Records

    • Rodeo Food Court / Restaurant

    Property Details for 275 Fm 247 Rd

    Property type
    Land

    Description

    This exceptional 238 sq. ft. commercial land parcel is situated within a thriving food truck park, presenting a unique opportunity for food entrepreneurs. The single-tenant lease offers a hassle-free entry into a high-traffic area, ideal for establishing a successful food truck business. The property is categorized as commercial land and is perfect for those seeking a ready-to-use space without the burden of extensive build-out costs. The lease agreement includes essential utilities, covering water, trash, and sewer services, minimizing operational overhead and maximizing profitability. This prime location offers significant growth potential within a bustling food truck park environment, attracting a diverse customer base. The compact yet functional space is perfectly suited for a variety of food truck concepts, providing an excellent platform to launch or expand a culinary venture. This is a turnkey solution for food truck operators seeking a convenient and cost-effective way to establish a presence in a high-demand area. The simplicity of the single-tenant lease ensures a streamlined operational experience, allowing business owners to focus on their core competencies and customer service. Don't miss this chance to secure a thriving location in a vibrant food truck park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Walker
    State
    Texas
    Longitude
    -95.5499
    Latitude
    30.7543

    Comparable in this City

    • Value Estimation by Request

      201 Ryans Ferry Rd

      Land
      201 Ryans Ferry Rd, Huntsville, TX 77320
      View Details
    • Value Estimation by Request
      20.00 Acres

      4A Legacy Est

      Land • 20.00 Acres
      4A Legacy Est, Huntsville, TX 77320
      View Details
    • Value Estimation by Request

      1367 Tx-75

      Land
      1367 Tx-75, Huntsville, TX 77320
      View Details
    • Value Estimation by Request
      1.68 Acres

      Tbd Calvary Rd

      Land • 1.68 Acres
      0 Tbd Calvary Rd, Huntsville, TX 77320
      View Details
    • Value Estimation by Request
      6.30 Acres

      Sh 30

      Land • 6.30 Acres
      0 Sh 30, Huntsville, TX 77320
      View Details
    • Value Estimation by Request
      75.60 Acres

      Ih-45

      Land • 75.60 Acres
      0 Ih-45, Huntsville, TX 77320
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land for Sale

      Land available in Walker County, Texas.
      34 Dogwood Dr, Huntsville, TX 77320
      View Details
    • $4,640,352

      Huntsville Land For Sale

      Land available in Huntsville, Texas.
      223 Fm 2821 Rd E, Huntsville, TX 77320
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available for sale in Huntsville, Texas.
      Ih-45, Huntsville, TX 77320
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Huntsville Land for Lease

      Land available for lease, ideal for a food truck park.
      275 Fm 247 Rd, Huntsville, TX 77320
      View Details
    • Contact for pricing
      12,000 SF

      Huntsville Retail Space Available

      Retail space available for rent in Huntsville, Texas.
      916 Veterans Memorial Pkwy, Huntsville, TX 77320
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      New medical office building breaking ground June 2019.
      540 I-45, Huntsville, TX 77320
      View Details
    • Contact for pricing

      High-Visibility Commercial Space Available

      Versatile space suitable for warehouse, retail, office, or service businesses.
      209 State Highway 75 N, Huntsville, TX 77320
      View Details
    • $3,000 /Mo
      2,400 SF

      High-Visibility Building Near Sam Houston

      Office building near university and local businesses for lease.
      929 University Ave, Huntsville, TX 77320
      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.
    275 Fm 247 Rd
    Huntsville, TX 77320
    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.
    Sign Up Successful!
    You now have access to more from Realmo!