Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    R17049 Hwy 59 Lufkin, TX 75901

    Property Lookup

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

    R17049 Hwy 59 Lufkin, TX 75901

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

    Current Use by Public Records

    • Land

    Property Details for R17049 Hwy 59

    Lot size
    2.46 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 2.46-acre unrestricted land parcel presents a unique investment opportunity in Lufkin, Texas. Strategically located on Highway 59 North (future I-69), this property boasts significant frontage on both Highway 59 and Old Highway 59, ensuring high visibility and convenient access. The wooded acreage offers a blend of privacy and prime exposure, ideal for a variety of uses. Currently zoned for agricultural purposes, the land presents endless possibilities for residential development or commercial ventures, given its unrestricted nature. The asking price is $61,500. Detailed directions from Lufkin: Take Hwy 59 North, pass Love's, utilize the turnaround at Rivercrest Road to head south on Hwy 59

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.7297
    Latitude
    31.2894

    Comparable in this City

    • Value Estimation by Request
      16.64 Acres

      R17046 Hwy 59

      Farms • 16.64 Acres
      R17046 Hwy 59, Lufkin, TX 75901
      View Details
    • Value Estimation by Request
      4.80 Acres

      R17051 Hwy 59

      Farms • 4.80 Acres
      R17051 Hwy 59, Lufkin, TX 75901
      View Details
    • Value Estimation by Request
      38.34 Acres

      Farm-To-Market 841

      Land • 38.34 Acres
      0 Farm-To-Market 841, Lufkin, TX 75901
      View Details
    • Value Estimation by Request
      29.94 Acres

      410 Medford Dr

      Land • 29.94 Acres
      410 Medford Dr, Lufkin, TX 75901
      View Details
    • Value Estimation by Request
      2.61 Acres

      4344 Us Highway 69

      Land • 2.61 Acres
      4344 Us Highway 69, Lufkin, TX 75901
      View Details
    • Value Estimation by Request
      3.15 Acres

      108 Miles Way

      Land • 3.15 Acres
      108 Miles Way, Lufkin, TX 75901
      View Details

    Similar Nearby for Sale

    • $1,250,000
      80,400 SF

      Broiler Farm in Central Heights

      Well-maintained broiler farm with five houses on 33 acres.
      1637 County Road 814, Nacogdoches, TX 75901
      View Details
    • $138,104
      Pending

      Lufkin Acreage Ready For Development

      11.32 acres near town, ideal for homesite or recreation.
      R86353 Southern Dr, Lufkin, TX 75901
      View Details
    • $138,000
      Pending

      Lufkin, TX Acreage For Sale

      11.5 acres of rural land near Lufkin, Texas.
      38061 Cotton Thompson Rd, Lufkin, TX 75901
      View Details
    • Contact for pricing

      Unrestricted Land Tract For Sale

      1.363-acre unrestricted tract, flexibility to create what works best.
      6 Davisville Rd, Lufkin, TX 75901
      View Details
    • $45,000
      1.31 Acres

      Unrestricted Land in Lufkin, TX

      1.308-acre unrestricted tract with potential for various uses.
      16018 Davisville Rd, Lufkin, TX 75901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Development Land in Lufkin

      39.35-acre tract in growing area with high visibility.
      1680 Fm 325, Lufkin, TX 75901
      View Details
    • Contact for pricing

      Retail Space Near Lufkin Mall

      Regional retail location with high traffic and major retail draws.
      1905 Tulane Dr, Lufkin, TX 75901
      View Details
    • Contact for pricing
      1,957 SF

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant building with existing drive-thru for rent.
      1112 S Timberland Dr, Lufkin, TX 75901
      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.
    R17049 Hwy 59
    Lufkin, TX 75901
    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

    R17049 Hwy 59, Lufkin, TX, 75901

    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!