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    1-5 Shepherd St Morgan, TX 76690

    For Sale
    $45,000

    Unimproved Land - Morgan, TX

    Type:Unimproved Land
    Lot size:
    0.65 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 10 at 12:06 am

    Property Features for 1-5 Shepherd St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    TBD
    Lot size
    0.65 Acres

    Building Details

    Architectural style
    Other

    EG Realty (254) 218-4220 [email protected]

    Listing agent Kyle Weissler (254) 218-4220 License #739367

    Listing date Oct 23, 2025

    MLS# 21091653 Listing URL

    Copyright © 2025 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.

    Overview

    Spacious Land in Growing Area

    This 0.65-acre lot provides substantial space suitable for constructing a single-family home, duplex, or multi-family project. Its location near existing investment properties makes it an attractive opportunity for expanding or initiating a real estate portfolio within a developing area. The property offers convenience and privacy, with potential for long-term appreciation through future construction. Furthermore, there is an opportunity to combine this lot with an adjacent 0.27-acre lot, creating a combined area of over 0.9 acres, which is ideally suited for larger-scale development or the construction of multiple rental units. The property is located in Morgan, Texas.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Grocery Store Bar & Pub Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgan
    County
    Bosque
    State
    Texas
    Longitude
    -97.604346
    Latitude
    32.020926

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    FAQs

    What type of property is this?
    Land - 0.65-acre lot suitable for single or multi-family development.
    Where is this land located?
    The property is located at 1-5 Shepherd St Morgan, TX.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - Large 0.65-acre lot suitable for single-family, duplex, or multi-family development.; - Opportunity to combine with adjacent 0.27-acre lot for a total of over 0.9 acres.; - Excellent investment opportunity to expand or begin a real estate portfolio.
    (254) 218-4220
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    Morgan, TX 76690
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    Realmo Value Estimation

    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.

    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.

    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
    1-5 Shepherd St Morgan, TX 76690
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