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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    72 North Kessler Ave Schulenburg, TX 78956

    • Commercial real estate
    • 10.90 lot acres
    For Sale
    View listing
    $2,199,050
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8764780
    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 72 North Kessler Ave

    Lot size
    10.90 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10.9-acre commercial land parcel presents a remarkable development opportunity in Schulenburg, Fayette County, Texas. Strategically located on Hwy 77/N Kessler Ave, this property boasts over 594 feet of highway frontage, ensuring high visibility and accessibility. Existing infrastructure includes sewer and electric connections, as well as an old water well. A seasonal Black Bayou borders the property, and a potential road runs along the northern boundary. Currently located outside city limits, annexation into the City of Schulenburg is possible upon commencement of development. A curb cut on Hwy 77 is already in place. The property's ideal location offers easy access to Interstate 10 and US Highway 90, benefiting from the high traffic volume of over 34,000 vehicles daily on I-10. This versatile tract is suitable for a variety of commercial, retail, or light industrial uses, making it an attractive investment for developers seeking a prime location with significant growth potential. The property's size and location make it suitable for subdivision.

    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
    -96.9013591
    Latitude
    29.6893949

    Comparable in this City

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      Schulenburg Industrial Land Parcel

      2.27-acre industrial land with barn.
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      36 Acres Commercial Land I-10

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      10 Acres Near Schulenburg, TX

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    Similar Nearby for Sale

    • $150,000
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      Schulenburg Industrial Land Parcel

      2.27-acre industrial land with barn.
      215 Old Highway 90 Loop, Schulenburg, TX 78956
      View Details
    • $1,792,195
      117.52 Acres

      Freyburg Farm: Texas Ranch Land

      Picturesque Texas ranch, abundant wildlife.
      3521 Bryant Rd, Schulenburg, TX 78956
      View Details
    • Contact for pricing

      36 Acres Commercial Land I-10

      36 acres of commercial land with I-10 frontage.
      817 Hertel Rd, Schulenburg, TX 78956
      View Details
    • $395,000

      20 Acres Near Schulenburg

      20 acre parcel for grazing with road frontage.
      Fm 956, Schulenburg, TX 78956
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    • $665,000
      38.00 Acres

      38 Acres of Recreational Land

      38 acres in Lavaca County for recreation, hunting, or residential.
      Farm To Market 532, Schulenburg, TX 78956
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    • $285,000
      10.00 Acres

      10 Acres Near Schulenburg, TX

      10 acres of hay meadow with live oak coverage near Schulenburg.
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    Similar Nearby for Lease

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      Corner lot suitable for various retail and event purposes.
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    72 North Kessler 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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