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    Property profile & analytics

    306 Matula Ave Schulenburg, TX 78956

    • Commercial real estate
    • 2,006 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5888847
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 306 Matula Ave

    Lot size
    0.98 lot acres
    Property size
    2,006 SF
    Property type
    Commercial real estate

    Description

    This exceptional property at 306 Matula Ave., Schulenburg, Texas, 78956, offers a unique blend of residential comfort and recreational opportunities. Situated on a 0.98-acre lot, this 2,006 square foot home features four bedrooms and two bathrooms. The interior boasts granite countertops, tile flooring throughout, and a freshly painted garage. Energy-efficient Renewal by Anderson windows are installed and come with a transferable warranty. The home's neutral color palette creates a sophisticated and inviting atmosphere. Outdoor amenities include a sparkling pool, a stone spa waterfall, and an outdoor kitchen complete with a television, refrigerator, and grill – perfect for entertaining. A stone fire pit and lush landscaping enhance the backyard's ambiance, further complemented by a 7-foot privacy fence. The property's convenient location offers proximity to local schools. Two adjacent lots are also available for purchase, presenting an opportunity for expansion or development. This turnkey property is ready for immediate occupancy and presents a rare combination of luxury living and recreational potential in the desirable Schulenburg, Fayette County area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Schulenburg
    County
    Fayette
    State
    Texas
    Longitude
    -96.908105
    Latitude
    29.689831

    Comparable in this City

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      Schulenburg Industrial Land - 7.42 Acres

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      Schulenburg Home: 3 Beds, 0.215 Acres

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      Turnkey Estate Near Round Top

      Fully furnished, income-producing 5-bedroom estate on 2 acres.
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    • New
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      Remodeled Home on Scenic Acreage

      Remodeled home on 6.344 acres near Schulenburg, Texas.
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    Similar Nearby for Sale

    • $240,000
      0.67 Acres

      Charming Schulenburg Bungalow

      Historic 3BR, 0.67-acre lot
      612 Black St, Schulenburg, TX 78956
      View Details
    • $1,900,000
      65.05 Acres

      Schulenburg, TX Land Opportunity

      65.05 acres of commercial land with development potential.
      Hertel Rd, Schulenburg, TX 78956
      View Details
    • $295,000
      7.42 Acres

      Schulenburg Industrial Land - 7.42 Acres

      Prime 7.42-acre Texas industrial site.
      0 Tbd Hwy 77, Schulenburg, TX 78956
      View Details
    • $295,000
      0.22 Acres

      Schulenburg Home: 3 Beds, 0.215 Acres

      Charming 3-bedroom home in Schulenburg, TX
      209 Simpson St, Schulenburg, TX 78956
      View Details
    • $998,500
      2,603 SF

      Turnkey Estate Near Round Top

      Fully furnished, income-producing 5-bedroom estate on 2 acres.
      2210 Fm 615, Schulenburg, TX 78956
      View Details
    • New
      $599,000
      2,464 SF

      Remodeled Home on Scenic Acreage

      Remodeled home on 6.344 acres near Schulenburg, Texas.
      5688 Falke-Heinrich Rd, Schulenburg, TX 78956
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,960 SF

      Schulenburg Retail Land Opportunity

      Prime 1.08-acre retail pad site.
      0 Heinrich St & Hwy 77, Schulenburg, TX 78956
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    • $72 SF/Yr

      Corner Lot in Schulenburg, Texas

      Corner lot suitable for various retail and event purposes.
      640 N Main St, Schulenburg, TX 78956
      View Details
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    306 Matula Ave
    Schulenburg, TX 78956
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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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