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

    983 Nandena Rd Gilmer, TX 75644

    • Residential income homes
    • 1,512 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0604800
    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

    • Residential income homes

    Property Details for 983 Nandena Rd

    Year built
    1985
    Lot size
    1.01 lot acres
    Property size
    1,512 SF
    Property type
    Residential income homes

    Description

    Discover this charming 1,512 sq ft single-family residence nestled on a peaceful, over one-acre lot in Gilmer, Texas. Built in 1985, this one-story home boasts an open floor plan ideal for comfortable living and entertaining. The kitchen and dining area flow seamlessly into a cozy living space, perfect for family gatherings. The spacious master suite features a relaxing walk-in shower, dual sinks, and a large walk-in closet. A separate utility room with sink and storage is conveniently located in the attached garage. The property is zoned residential and offers significant potential for outdoor enhancements. The expansive backyard provides ample space for landscaping, outdoor kitchens, pools, or other recreational activities. Priced at $225,000 ($156.02/sq ft), this property offers a blend of country tranquility and convenient access to town amenities. The address is 983 Nandena Rd, Gilmer, TX 75644. This mixed-use property presents a unique opportunity for those seeking a peaceful retreat while remaining close to urban conveniences.

    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
    Gilmer
    County
    Upshur
    State
    Texas
    Longitude
    -95.022165
    Latitude
    32.71457

    Comparable in this City

    • $372,500
      11.60 Acres

      Versatile East Texas Property

      Commercial and residential potential near Barnwell Mountain Recreation Area.
      7697 State Highway 155 N, Gilmer, TX 75644
      View Details
    • $36,900
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      Cleared Half Acre Lot

      Half acre lot, cleared and fenced, ready for home.
      Tbd Groundhog Rd, Gilmer, TX 75644
      View Details
    • $210,000
      1.45 Acres

      Waterfront Property on Gilmer Lake

      1.449-acre waterfront lot with utilities available in Gilmer, TX.
      Tbd Katie Ln, Gilmer, TX 75644
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    • $99,000
      0.59 Acres

      Commercial Land in Gilmer, TX

      Commercial land available in Gilmer, TX with utilities.
      540 Us 271, Gilmer, TX 75644
      View Details
    • $89,900
      10.00 Acres

      10 Acres Wooded Tract

      10-acre wooded tract for residential or recreational use.
      10 Acres, Gilmer, TX 75644
      View Details
    • $2,900,000
      20,000 SF

      Versatile Commercial Property on Highway

      Expansive commercial property on 4.22 acres with highway frontage.
      1088 Us Highway 271, Gilmer, TX 75644
      View Details

    Similar Nearby for Sale

    • $372,500
      11.60 Acres

      Versatile East Texas Property

      Commercial and residential potential near Barnwell Mountain Recreation Area.
      7697 State Highway 155 N, Gilmer, TX 75644
      View Details
    • $36,900
      0.51 Acres

      Cleared Half Acre Lot

      Half acre lot, cleared and fenced, ready for home.
      Tbd Groundhog Rd, Gilmer, TX 75644
      View Details
    • $210,000
      1.45 Acres

      Waterfront Property on Gilmer Lake

      1.449-acre waterfront lot with utilities available in Gilmer, TX.
      Tbd Katie Ln, Gilmer, TX 75644
      View Details
    • $99,000
      0.59 Acres

      Commercial Land in Gilmer, TX

      Commercial land available in Gilmer, TX with utilities.
      540 Us 271, Gilmer, TX 75644
      View Details
    • $89,900
      10.00 Acres

      10 Acres Wooded Tract

      10-acre wooded tract for residential or recreational use.
      10 Acres, Gilmer, TX 75644
      View Details
    • $2,900,000
      20,000 SF

      Versatile Commercial Property on Highway

      Expansive commercial property on 4.22 acres with highway frontage.
      1088 Us Highway 271, Gilmer, TX 75644
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Gilmer, TX Retail/Office Space

      Prime commercial property with flexible spaces for retail or office use.
      307 Sf, Gilmer, TX 75644
      View Details
    • $2,100 /Mo
      287,452 SF

      Commercial Property on Highway 271

      Commercial property on Highway 271 in Gilmer, Texas.
      9108 N Us Highway 271, Gilmer, TX 75644
      View Details
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    983 Nandena Rd
    Gilmer, TX 75644
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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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