Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    607 Lyons Ave Schulenburg, TX 78956

    • Commercial real estate
    • 17,036 SF
    • 0.50 lot acres
    For Sale
    View listing
    $795,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6441242
    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 607 Lyons Ave

    Year built
    2019
    Lot size
    0.50 lot acres
    Property size
    17,036 SF
    Property type
    Commercial real estate
    APN
    44866
    APU
    44866

    Description

    The Von Minden Hotel, a 34-room, four-story interior corridor hotel, presents a unique investment opportunity in Schulenburg, Texas. Built in 1927 and renovated in 2024, this 17,000-square-foot property sits on a 0.18-acre lot at 607 Lyons Avenue. Currently closed for operations, the hotel offers significant potential for redevelopment or repositioning. Its strategic location provides excellent accessibility via Interstate 10 and US Highway 77, placing it approximately 100 miles from San Antonio, 90 miles from Houston, and 80 miles from Austin. The surrounding area boasts a strong economic base, with nearby businesses including Bunch Wholesale Company, Prime Products, and Perdue Foods. Furthermore, the hotel's proximity to local attractions such as Wolters Park, Weimar Golf Course, the Texas Polka Music Museum, Stanzel Model Aircraft Museum, and the Painted Churches Tour enhances its appeal to a diverse range of potential clientele. This presents a compelling opportunity to capitalize on the growing tourism and hospitality sectors in the region. The property's rich history and prime location combine to create a unique investment prospect with considerable upside potential. The hotel's existing infrastructure and recent renovation provide a solid foundation for future development. This is a rare chance to acquire a substantial hospitality asset in a thriving Texas community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $881,000
      Market price range: $695k - $2.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Schulenburg
    County
    Fayette
    State
    Texas
    Longitude
    -96.9052
    Latitude
    29.6818

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,464
    $39,150
    $521,790
    $560,940
    -
    $39,150
    $521,790
    $560,940

    Comparable in this City

    • Value Estimation by Request
      5.51 Acres

      Tbd I-10

      Commercial real estate • 5.51 Acres
      Tbd I-10, Schulenburg, TX 78956
      View Details
    • Value Estimation by Request
      13.85 Acres

      S Tbd Hwy 77

      Land • 13.85 Acres
      S Tbd Hwy 77, Schulenburg, TX 78956
      View Details
    • Value Estimation by Request
      1.30 Acres

      Kruppa Rd

      COMMERCIAL (GENERAL) • 1.30 Acres
      Kruppa Rd, Schulenburg, TX 78956
      View Details
    • Value Estimation by Request
      3,400 SF

      Ave Dead End

      COMMERCIAL (GENERAL) • 3,400 SF
      Ave Dead End, Schulenburg, TX 78956
      View Details
    • Value Estimation by Request
      2,440 SF

      Closed St

      COMMERCIAL (GENERAL) • 2,440 SF
      Closed St, Schulenburg, TX 78956
      View Details
    • Value Estimation by Request
      1,660 SF

      1513 Hwy 77th S

      COMMERCIAL (GENERAL) • 1,660 SF
      1513 Hwy 77th S, Schulenburg, TX 78956
      View Details

    Similar Nearby for Sale

    • $1,300,000
      8,320 SF

      Schulenburg Retail/Warehouse Opportunity

      High-traffic Hwy 77 location, 8,320 sq ft.
      82 Kessler Ave, Schulenburg, TX 78956
      View Details
    • $425,000
      13.85 Acres

      Prime Hwy 77 Commercial Land

      13.85 Acres, Schulenburg, TX
      S Tbd Hwy 77, 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
    • Contact for pricing
      3.02 Acres

      Shops at Boardwalk Retail Center

      Prime Retail Space, Platte County, MO
      0 Kessler Ave, Schulenburg, TX 78956
      View Details
    • $995,000
      5.51 Acres

      I-10 Commercial Land, Schulenburg, TX

      High-visibility acreage near I-10 exit.
      Tbd I-10, Schulenburg, TX 78956
      View Details
    • Contact for pricing
      23.78 Acres

      Schulenburg Commercial Land - 23.78 Acres

      Prime I-10 Commercial Development Site
      0 Ave And Heinrich St, 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
      View Details
    • $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
    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.
    607 Lyons Ave
    Schulenburg, TX 78956
    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.