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    Property profile & analytics

    699 Pine St Frankston, TX 75763

    • Commercial real estate
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6385628
    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 699 Pine St

    Lot size
    0.21 lot acres
    Property type
    Commercial real estate
    APN
    64363

    Description

    This 0.21-acre commercial lot boasts approximately 100 feet of frontage on US Highway 175 (Pine Street) in Frankston, Texas. Zoned for commercial use, this property presents a compelling investment opportunity. The asking price is $20,000, translating to $96,154 per acre. The lot encompasses 9,060 square feet. Its strategic location offers excellent visibility and accessibility. Less than a mile away, a new Tractor Supply store is situated, indicating growth in the area. The City of Frankston is actively exploring the annexation of properties along US Highway 175 west of this location, with potential plans to extend city water and sewer services. This presents significant future development potential. The property is ideal for various uses, including storage, the construction of storage buildings, or establishing a small business. Alternatively, it can be held as an investment, anticipating future appreciation in land value. 2023 real estate taxes totaled $97.17. The Anderson County APN is 64363. The property address is 699 Pine St, Frankston, TX 75763.

    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
    Frankston
    County
    Anderson
    State
    Texas
    Longitude
    -95.5171249
    Latitude
    32.051927

    Comparable in this City

    • $945,750

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      Land For Sale

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    • $335,000

      Highway Frontage Commercial Land

      7.71 acre commercial land with highway frontage.
      3168 Hwy 175, Frankston, TX 75763
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    • $99,900
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      Aero Estates Aviation Community Lot

      Residential lot in Aero Estates aviation community with runway access.
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      Residential Land in Frankston, TX

      Residential land for sale near Frankston, TX.
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    • $30,000
      0.41 Acres

      Residential Land Near Frankston, TX

      Residential land for sale near Frankston, TX, ideal for building.
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    Similar Nearby for Sale

    • $385,000
      7.71 Acres

      Frankston Commercial Land - $385,000

      7.71 Acres Hwy 175 Frontage, Texas
      3168 Us Highway 175, Frankston, TX 75763
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    • Contact for pricing
      0.14 Acres

      Residential Lot Near Lake

      0.14-acre residential lot in Briarwood Bay community.
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    • $335,000
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      Highway Frontage Land For Sale

      7.71 acre tract with highway frontage near Tractor Supply.
      3168 Hwy 175, Frankston, TX 75763
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    • Contact for pricing
      0.12 Acres

      Land Near Lake Palestine Shores

      Vacant lot near Lake Palestine, ideal for building.
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      Residential Land Near Frankston, TX

      Residential land near Frankston, TX, ideal for building a home.
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    • $583,333
      35.00 Acres

      Land with Highway Frontage

      Unimproved land with investment and commercial potential near Frankston, TX.
      Tract 3 Hwy 155, Frankston, TX 75763
      View Details
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    699 Pine St
    Frankston, TX 75763
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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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