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    239 Vz County Road 2122 Canton, TX 75103
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    Property profile & analytics

    239 Vz County Road 2122, Canton, TX 75103

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    • Commercial real estate
    • 5.95 lot acres
    Off-Market
    Property ID
    US82-5457184
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 239 Vz County Road 2122

    Lot size
    5.95 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.95-acre commercial property is situated just outside the city limits of Canton, Texas, offering convenient access to all that the town has to offer while enjoying a peaceful, rural setting. The property boasts a highly desirable location, providing easy access to Canton High School, with the unique advantage of potential direct access to the school's practice field via a future gate installation (subject to necessary approvals). The land comprises two lots within a country subdivision, enhancing its appeal and potential for development. Two existing driveways provide ample access, and a pre-existing storage workshop equipped with electricity is included, offering immediate utility. The property is further enhanced by the availability of Myrtle Springs water, with a meter conveniently located at the roadside. This presents a significant advantage for any future construction or development plans. Note that an additional, separately listed property, a house on a 0.8-acre lot, is located adjacent to this parcel, presenting a potential opportunity for combined acquisition. The property is zoned for commercial use and is listed at $191,000. The address is 239 Vz County Rd 2122, Canton, TX 75103.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.8853479
    Latitude
    32.551061

    Comparable in this City

    • $139,900

      Land Available in Mabank, Texas

      Land for sale in Van Zandt County, Texas.
      34744 Fm 47, Mabank, TX 75103
      View Details
    • Contact for pricing

      Land For Sale Canton, TX

      Land available for sale in Canton, Texas.
      17389 I-20, Canton, TX 75103
      View Details
    • New
      $129,000
      8.50 Acres

      8.5 Acres South of Canton

      Two parcels with mature trees and flexible use potential.
      312 Vzcr 4114, Canton, TX 75103
      View Details
    • New
      $79,900
      1.38 Acres

      Build-Ready Acreage with Utilities

      No-restriction land with water meter and electricity at the street, plus an installed culvert and driveway for easy start.
      2974 Vz County Road 2410, Canton, TX 75103
      View Details
    • $800,000
      50.03 Acres

      Agricultural Land Tract with Pines

      An approximately 50-acre tract with road frontage on two county roads, suited for development or a custom ranch build.
      1032B Vz County Road 2309, Canton, TX 75103
      View Details
    • $57,500
      Pending

      Unimproved Land Near Canton Lake

      Unimproved land near Canton City Lake, utilities available, no HOA.
      15 Doris Dr, Canton, TX 75103
      View Details

    Similar Nearby for Sale

    • $139,900

      Land Available in Mabank, Texas

      Land for sale in Van Zandt County, Texas.
      34744 Fm 47, Mabank, TX 75103
      View Details
    • Contact for pricing

      Land For Sale Canton, TX

      Land available for sale in Canton, Texas.
      17389 I-20, Canton, TX 75103
      View Details
    • New
      $129,000
      8.50 Acres

      8.5 Acres South of Canton

      Two parcels with mature trees and flexible use potential.
      312 Vzcr 4114, Canton, TX 75103
      View Details
    • $57,500
      Pending

      Unimproved Land Near Canton Lake

      Unimproved land near Canton City Lake, utilities available, no HOA.
      15 Doris Dr, Canton, TX 75103
      View Details
    • $800,000
      50.03 Acres

      Agricultural Land Tract with Pines

      An approximately 50-acre tract with road frontage on two county roads, suited for development or a custom ranch build.
      1032B Vz County Road 2309, Canton, TX 75103
      View Details
    • New
      $79,900
      1.38 Acres

      Build-Ready Acreage with Utilities

      No-restriction land with water meter and electricity at the street, plus an installed culvert and driveway for easy start.
      2974 Vz County Road 2410, Canton, TX 75103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,228 SF

      Former Retail Space Available

      19,565 SF retail space with highway frontage available for lease.
      301 Texas 243, Canton, TX 75103
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    • Contact for pricing
      1,500 SF

      Canton Warehouse with Dual Garage

      1,500 sq ft warehouse with electricity and dual garage.
      573 W State Highway 243, Canton, TX 75103
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    • Contact for pricing
      5,400 SF

      Retail Space with Drive-Thru

      5,400 SF retail space with drive-thru opportunity.
      I-20, Canton, TX 75103
      View Details
    • $1,050 /Mo
      3,790 SF

      Metal Warehouse with Dual Garage Doors

      Open metal warehouse space with on-site electricity and convenient dual-portal access for storage or light build-outs.
      573 W State Highway 243, Canton, TX 75103
      View Details
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    239 Vz County Road 2122
    Canton, TX 75103
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    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
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