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    Waterfront Lot in Cypress Point
    $68,500
    0.92 Acres

    Waterfront Lot in Cypress Point

    0.92-acre waterfront lot ready for your dream home.

    407 Old Tejas Trl West, Hemphill, TX 75948
    View details
    15 Acres Near Lake Sam
    $112,500
    15.00 Acres

    15 Acres Near Lake Sam

    15 acres near Lake Sam Rayburn and Jasper, Texas.

    14494 County Rd 87, Jasper, TX 75951
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    Residential Lot in Hemphill, TX
    Contact for pricing
    0.25 Acres

    Residential Lot in Hemphill, TX

    0.25 acre lot in restricted subdivision near Toledo Bend Lake.

    894 Lot Bowline Dr, Hemphill, TX 75948
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    Hemphill, TX Residential Lot
    Contact for pricing
    0.28 Acres

    Hemphill, TX Residential Lot

    Residential lot in restricted subdivision near Toledo Bend Lake.

    531 Lot Starfish Dr, Hemphill, TX 75948
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    Hemphill, TX Land for Sale
    Contact for pricing
    0.26 Acres

    Hemphill, TX Land for Sale

    Interior lot in restricted subdivision near Toledo Bend Lake.

    879 Lot Admiral Dr, Hemphill, TX 75948
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    Land in Midlake Subdivision
    Contact for pricing
    0.30 Acres

    Land in Midlake Subdivision

    Land suitable for mobile or site-built homes near Pendleton Park.

    89 Midlake Dr N, Hemphill, TX 75948
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    Residential Lot in Golf Community
    Contact for pricing
    0.28 Acres

    Residential Lot in Golf Community

    Residential lot in Hemphill, TX, near Toledo Bend Lake.

    742 Lot Bowline Dr, Hemphill, TX 75948
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    Hemphill, TX Building Site
    $45,000
    2.13 Acres

    Hemphill, TX Building Site

    2.133 acre building site near Toledo Bend Reservoir.

    509 Eagle Estates Cir, Hemphill, TX 75948
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    Hemphill Commercial Building For Sale
    $149,900
    817 SF

    Hemphill Commercial Building For Sale

    Well-known commercial building near Sabine County Hospital.

    2155 Worth St, Hemphill, TX 75948
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    Hemphill, TX Interior Lot
    Contact for pricing
    1.00 Acre

    Hemphill, TX Interior Lot

    Wooded interior lot near upcoming boat ramp project.

    123 Davy Crockett Ct, Hemphill, TX 75948
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    Unrestricted Acreage Outside City Limits
    $160,000
    22.58 Acres

    Unrestricted Acreage Outside City Limits

    22.5 acres of unrestricted land near Hemphill, Texas.

    1275 Beckcom Rd, Hemphill, TX 75948
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    Unrestricted Land Near Hemphill, TX
    $199,000
    19.91 Acres

    Unrestricted Land Near Hemphill, TX

    19.93 acres of unrestricted land with development potential.

    205 Keel St, Hemphill, TX 75948
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    Waterfront Lot on Toledo Bend
    $105,000
    0.87 Acres

    Waterfront Lot on Toledo Bend

    0.872 ac waterfront lot with utilities and dock.

    199 Davy Crockett Ct, Hemphill, TX 75948
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    Residential Lot in Hemphill, TX
    Contact for pricing
    0.27 Acres

    Residential Lot in Hemphill, TX

    Residential lot in restricted subdivision with golf course and lake access.

    541 Lot Lakeshore Dr, Hemphill, TX 75948
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    Waterfront Lot with Utilities
    $74,999
    0.51 Acres

    Waterfront Lot with Utilities

    Waterfront lot with utilities ready for building near Toledo Bend.

    145 Somerset, Milam, TX 75959
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    Hemphill Acreage Near Toledo Bend
    $99,000
    6.50 Acres

    Hemphill Acreage Near Toledo Bend

    6.5-acre tract in 6 Mile community near Toledo Bend.

    359 Mallard St, Hemphill, TX 75948
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    Waterfront Lot on Toledo Bend
    $95,000
    0.30 Acres

    Waterfront Lot on Toledo Bend

    Wooded waterfront lot on South Toledo Bend Lake.

    375 S Evergreen Dr, Burkeville, TX 75930
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    Hemphill Acreage in Restricted Subdivision
    Contact for pricing
    0.76 Acres

    Hemphill Acreage in Restricted Subdivision

    0.76 acre lot in Pendleton Harbor Subdivision, Hemphill, TX

    1140 Lot Admiral Dr, Hemphill, TX 75948
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    Hemphill Acreage Near Toledo Bend
    $165,000
    14.39 Acres

    Hemphill Acreage Near Toledo Bend

    14.392 acres near Toledo Bend Reservoir with pond.

    359 Mallard St, Hemphill, TX 75948
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    Hemphill, TX Land for Sale
    Contact for pricing
    0.28 Acres

    Hemphill, TX Land for Sale

    Almost 1/3 acre lot in restricted subdivision near Toledo Bend.

    735 Lot Bowline Dr, Hemphill, TX 75948
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    Hemphill Farm and Ranch Property
    $580,000
    100.00 Acres

    Hemphill Farm and Ranch Property

    100-acre farm and ranch with pastureland, timber, and improvements.

    1289 Cp Spg Rd, Hemphill, TX 75948
    View details
    Commercial Building and RV Spots
    $399,000
    2,122 SF

    Commercial Building and RV Spots

    Commercial building with RV spots near Sam Rayburn Lake.

    18698 Fm 1751, Bronson, TX 75930
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    Residential Lot in Hemphill, TX
    Contact for pricing
    0.35 Acres

    Residential Lot in Hemphill, TX

    Interior lot in restricted subdivision near Toledo Bend Lake.

    537 Lot Yacht Ct, Hemphill, TX 75948
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    Residential Lot Near Toledo Bend
    Contact for pricing
    0.30 Acres

    Residential Lot Near Toledo Bend

    Residential lot in restricted subdivision near Toledo Bend Lake.

    468 Lot Admiral Dr, Hemphill, TX 75948
    View details
    Jasper County Acreage For Sale
    $212,000
    25.00 Acres

    Jasper County Acreage For Sale

    25 acres near Lake Sam Rayburn, suitable for hunting.

    14494/53546 County Road 087, Jasper, TX 75951
    View details
    Waterfront Lot on Toledo Bend
    $105,000
    0.87 Acres

    Waterfront Lot on Toledo Bend

    0.872 ac waterfront lot with utilities in place.

    199 Davy Crockett Ct, Hemphill, TX 75948
    View details
    Waterfront Lot in Cypress Point
    $68,500
    0.91 Acres

    Waterfront Lot in Cypress Point

    0.913-acre waterfront lot in Cypress Point Subdivision, Toledo Bend Lake.

    417 Old Tejas Trl West, Hemphill, TX 75948
    View details
    Waterfront Acreage on Toledo Bend
    $95,000
    0.87 Acres

    Waterfront Acreage on Toledo Bend

    Heavily wooded waterfront lot with year-round water access.

    5 Wes Landry Dr, Hemphill, TX 75948
    View details
    Jasper, TX 10-Acre Tract
    $100,000
    10.00 Acres

    Jasper, TX 10-Acre Tract

    10 acres near Lake Sam Rayburn, ideal for hunting.

    53546 County Road 087, Jasper, TX 75951
    View details
    Residential Lot Near Toledo Bend
    Contact for pricing
    0.28 Acres

    Residential Lot Near Toledo Bend

    Residential lot in restricted subdivision near Toledo Bend Lake.

    454 Lot Commodore Dr, Hemphill, TX 75948
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    Residential Lot in Hemphill, TX
    Contact for pricing
    0.31 Acres

    Residential Lot in Hemphill, TX

    0.31 acre lot in restricted subdivision near Toledo Bend Lake.

    825 Lot Admiral Dr, Hemphill, TX 75948
    View details

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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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