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    5815 Commerce St Wallis, TX 77485
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    5815 Commerce St, Wallis, TX 77485

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    • Commercial real estate
    • 1.45 lot acres
    For Sale
    $215,000
    View Listing →
    Wallis, Texas Development Opportunity For Sale
    $215,000
    1.45 Acres

    Wallis, Texas Development Opportunity

    Land in growing Wallis, Texas near future Allens Creek Reservoir.

    5815 Commerce Street, Wallis, TX 77485
    View Listing
    Property ID
    US82-4437663
    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 5815 Commerce St

    Lot size
    1.45 lot acres
    Property type
    Commercial real estate
    APN
    R000011018

    Description

    Exceptional opportunity to develop 1.45 acres of commercial land in the thriving Wallis, Texas community. This property, located at 5815 Commerce Street, boasts convenient access to Highway 36, placing it within easy reach of Fulshear, Simonton, Sealy, Rosenberg, and East Bernard. Wallis is poised for significant growth, particularly with the recently approved Allens Creek Reservoir project, promising recreational opportunities and attracting further development. This prime location is ideal for various commercial ventures, capitalizing on the expanding residential and business sectors. The City of Wallis Development Corporation is actively supporting development in the area and offering assistance with flood mitigation for these three prime tracts. Public water and sewer utilities are readily available, and the property benefits from paved road frontage. The Austin County location, with APN R000011018, presents a compelling investment prospect in a rapidly growing Texas town. Don't miss this chance to be part of Wallis's exciting future.

    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
    Wallis
    County
    Austin
    State
    Texas
    Longitude
    -96.056743
    Latitude
    29.627455

    Comparable in this City

    • Contact for pricing

      Land For Sale in Wallis

      Land available on FM-1093 in Wallis, Texas.
      3671 Fm 1093 Rd, Wallis, TX 77485
      View Details
    • $220,000

      Land For Sale in Wallis

      Land available for purchase in Wallis, Texas.
      Svoboda Rd, Wallis, TX 77485
      View Details
    • $3,408,600

      Unrestricted Land with FM 1093 Frontage

      Raw land with development potential and frontage on FM 1093.
      3671 W Fm 1093 Rd, Wallis, TX 77485
      View Details
    • $535,000

      Expansive Land Tract in Wallis

      11-acre tract in Wallis, ideal for building or development.
      3526 W Fm 1093 Rd, Wallis, TX 77485
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale in Wallis

      Land available on FM-1093 in Wallis, Texas.
      3671 Fm 1093 Rd, Wallis, TX 77485
      View Details
    • $220,000

      Land For Sale in Wallis

      Land available for purchase in Wallis, Texas.
      Svoboda Rd, Wallis, TX 77485
      View Details
    • $3,408,600

      Unrestricted Land with FM 1093 Frontage

      Raw land with development potential and frontage on FM 1093.
      3671 W Fm 1093 Rd, Wallis, TX 77485
      View Details
    • $535,000

      Expansive Land Tract in Wallis

      11-acre tract in Wallis, ideal for building or development.
      3526 W Fm 1093 Rd, Wallis, TX 77485
      View Details
    View Listing
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    Wallis, TX 77485
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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.

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