Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gun Barrel City Land Opportunity Title is generated by Realmo AI

    00 State Highway 198, Gun Barrel City, TX 75156

    View on Map
    Claim this Listing
    New
    For Sale
    $1,500,000

    Unimproved Land - Gun Barrel City, TX

    Type:Unimproved Land
    Lot size:
    102.12 Acres
    Added:
    May 22, 2026
    Days on Market:
    5
    Last Refresh:
    May 26 at 1:06 pm

    Property Features for 00 State Highway 198

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    210819
    Lot size
    102.12 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jordan Cortez

    Listing agent Jordan Cortez License #0494942

    Listing office Vanguard Real Estsate Advisors 15400 Knoll Trail Dr Ste. 380, Dallas, TX

    Listing date May 22, 2026

    MLS# 21279088 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location less than a quarter mile south of Main Street.
    • Large 102.12 acre parcel zoned Vacant, offering various possibilities.
    • Concept plan shows potential for 274 additional lots.
    • Additional access and frontage along State Highway 198.
    • Rare opportunity to acquire raw land.
    • Exceptional price for this location.

    Overview

    This 102.12-acre parcel of unimproved land is situated within Gun Barrel City, Texas. Zoned as Vacant, the property allows for varied future uses. A concept plan has been considered for this acreage, showing 274 additional lots. The lots are located less than a quarter mile south of Main Street, with additional access and frontage along State Highway 198 (Gun Barrel Lane). This land represents an opportunity to acquire raw land in a prime location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Auto Repair Shop Hotel & Motel Bar & Pub HVAC Service Discount Store (Bike/Boat/Book/etc) Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gun Barrel City
    County
    Henderson
    State
    Texas
    Longitude
    -96.1126928
    Latitude
    32.3191636

    Nearby Similar for Sale

    • $775,000

      Prime Commercial Land Opportunity

      7.06 acres in Gun Barrel City, TX. Zoned B-2.
      762 E Main Street, Gun Barrel City, TX 75156
      View Details
    • $775,000

      Gun Barrel City Land Opportunity

      7.06 acres of commercial land in Gun Barrel City.
      762 E Main Street, Gun Barrel City, TX 75156
      View Details
    • $450,000

      Commercial Corner Lot Near Cedar Creek

      1.7-acre commercial lot with high visibility and utility access.
      1.7 Acres E Main Street, Gun Barrel City, TX 75156
      View Details
    • $300,000

      Gun Barrel City Commercial Property

      Commercial property with 4860 SF building on 1 acre.
      402 Legendary Lane, Gun Barrel City, TX 75156
      View Details
    • $450,000

      Prime Corner Lot Near Lake

      1.7-acre corner property with high visibility near Cedar Creek Lake.
      1.7 Acres E Main Street, Gun Barrel City, TX 75156
      View Details
    • $319,000

      Gun Barrel City Acreage Opportunity

      7.98 acres near Cedar Creek Lake with development potential.
      767 Welch Ln, Gun Barrel City, TX 75156
      View Details
    • $1,250,000

      30 Acres Prime Commercial Land

      Prime commercial land in a rapidly growing Cedar Creek Lake corridor.
      0000 Harbor Point Road, Gun Barrel City, TX 75156
      View Details
    • $260,000

      Commercial Land in Gun Barrel

      One acre commercial land with highway frontage in Gun Barrel.
      Tbd N Gun Barrel Lane, Gun Barrel City, TX 75156
      View Details
    • $1,200,000
      8,421 SF

      Gun Barrel City Commercial Property

      Commercial property with office and warehouse space on one acre.
      2106 W Main St, Gun Barrel City, TX 75156
      View Details
    • $299,000

      Gun Barrel City Retail Opportunity

      Prime corner lot in Gun Barrel City, Texas.
      2324 W Main Street, Gun Barrel City, TX 75156
      View Details
    • $125,000

      Gun Barrel City Land Available

      Commercial property zoned B-2 with many potential uses.
      1419 E Main Street, Gun Barrel City, TX 75156
      View Details
    • $1,200,000

      Gun Barrel City Retail/Warehouse

      Retail and warehouse space on a high-traffic road.
      2106 W Main Street, Gun Barrel City, TX 75156
      View Details

    FAQs

    What type of property is this?
    Land - 102.12 acres of unimproved land in Gun Barrel City.
    Where is this land located?
    The property is located at 00 State Highway 198 Gun Barrel City, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime location less than a quarter mile south of Main Street.; Large 102.12 acre parcel zoned Vacant, offering various possibilities.; Concept plan shows potential for 274 additional lots.
    (214) 556-1951
    We can help!
    Listing Contact
    Jordan Cortez
    Real Estate License ID: 0494942
    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.
    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

    Thank You for Inquiry
    00 State Highway 198, Gun Barrel City, TX 75156
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!