Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1050 Highway 37 Talco, TX 75487

    View on Map
    Claim this Listing
    For Sale
    $73,500

    Unimproved Land - Talco, TX

    Type:Unimproved Land
    Lot size:
    10.50 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 26 at 2:06 pm

    Property Features for 1050 Highway 37

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    11953
    Lot size
    10.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Franklin

    Listing agent Chris Franklin License #0793609

    Listing office Heritage Land Company, LLC 412 W Main, Pecan Gap, TX

    Listing date Apr 3, 2026

    MLS# 21160736 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.

    Overview

    Tranquil Acreage with Timber Stands

    This tranquil 10.5-acre property features large stands of timber and access from Highway 37. The acreage, located 10 miles from Mt Vernon and 1 hour from Greenville, offers privacy and a peaceful canopy due to the abundance of trees. A culvert is already in place. The property is suitable for hunting or homesteading. Cypress Springs SUD and Farmers Electric Coop provide utilities to the area. This unimproved land is located in Talco, Franklin County, Texas.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Talco
    County
    Franklin
    State
    Texas
    Longitude
    -94.9896
    Latitude
    33.3349

    Nearby Similar for Sale

    • $165,000

      Former Church with Redevelopment Potential

      Versatile building suitable for redevelopment or repurposing in Talco, TX.
      501 Lide, Talco, TX 75487
      View Details
    • $165,000

      Former Church Building with Potential

      Versatile building suitable for redevelopment or repurposing in Talco, TX.
      501 Lide Avenue, Talco, TX 75487
      View Details
    • $135,000

      Commercial Building in High-Traffic Area

      Commercial building with flexible space in a high-traffic location.
      400 S 1st, Talco, TX 75487
      View Details
    • $271,208

      Versatile Land in Titus County

      38.744 acres with pasture, trees, creek, and pond.
      0000 County Road 1850 N, Talco, TX 75487
      View Details
    • $135,000

      Versatile Land with Highway Frontage

      13.5± acres in Titus County with highway frontage.
      0000 N Hwy 271, Talco, TX 75487
      View Details
    • $379,000

      Turn-Key Hunting Retreat with Cabin

      36-acre hunting retreat with cabin, ponds, and trail system.
      139 NW County Road, Talco, TX 75487
      View Details
    • $695,000
      960 SF

      Hagansport Farm and Ranch

      57+ acre farmhouse with mature trees, ponds, and shop.
      9702 N Hwy 37 Highway N, Hagansport, TX 75487
      View Details
    • $63,900

      Talco, TX Unimproved Land

      2.17 acre tract suitable for residential or commercial development.
      Tbd Hwy 271, Talco, TX 75487
      View Details
    • $1,100,000

      200 Acre Ranch in Talco

      Lush ranch land with ponds, barn, and road frontage.
      000 FM 71, Talco, TX 75487
      View Details
    • $825,100

      223 Acres Hunting Land in Talco

      223-acre hunting property bordering the Sulphur River in Talco, TX.
      Tbd FM 71 Highway, Talco, TX 75487
      View Details
    • $699,000
      10,000 SF

      93-Acre Ranch with Large Home

      93+ acre ranch featuring a partially completed 10,000 SF home.
      2363 NW County Road 1050, Talco, TX 75487
      View Details
    • $562,500

      125 Acres of Open Pasture

      125-acre tract ideal for agriculture, recreation, or residential use.
      000 FM 71 Highway, Talco, TX 75487
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land perfect for hunting or homesteading near Talco, TX.
    Where is this land located?
    The property is located at 1050 Highway 37 Talco, TX.
    What is the asking price?
    The asking price for this property is $73,500.
    What are key features of this property?
    This property features: Large stands of timber offer privacy and natural beauty.; Highway 37 access provides convenient transportation.; Suitable for hunting or homesteading.
    (903) 922-1283
    We can help!
    Listing Contact
    Chris Franklin
    Real Estate License ID: 0793609
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!