Sign Up Successful!
You now have access to more from Realmo!
    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

    12057 Fm 2868 Flint, TX 75762

    Sponsored
    For Sale
    $66,000

    Residential - Flint, TX

    Type:Single Family Residence
    Lot size:
    0.36 Acres
    Days on Market:
    62
    Last Refresh:
    Jan 23 at 11:06 pm

    Property Features for 12057 Fm 2868

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.36 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Caruthers

    Drake Capital, LLC dba Drake Real Estate & Investments (903) 581-3737

    Listing agent Jeremy Caruthers (903) 581-3737 License #0627529

    Listing date Nov 24, 2025

    MLS# 25016193 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Affordable Residential Lots in Flint

    Pinecrest Place is a new subdivision offering 38 affordable lots for sale in Flint, TX, presenting an opportunity to build a single-family home. The location provides access to amenities in Tyler, including shopping, dining, healthcare, and recreation. The subdivision is located within the Tyler Independent School District (TISD). Each lot has water and sewer services available. The location in Flint is just minutes from Tyler. The setting is residential with infrastructure. The lots are suited for custom or spec home construction. The average lot size is 0.357 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Storage Facility Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Smith
    State
    Texas
    Longitude
    -95.369319
    Latitude
    32.202336

    Nearby Similar for Sale

    • $599,900
      3,180 SF

      Castle-Style Estate in Flint, TX

      Unique castle-style estate with business potential in the heart of Flint.
      19045 Cr 139, Flint, TX 75762
      View Details
    • $2,541,000
      2.07 Acres

      New Townhome Complex in Flint, TX

      Newly constructed, fully occupied 8-unit townhome complex with expansion potential.
      18747 Fm 2493, Flint, TX 75762
      View Details
    • $2,541,000
      12,888 SF

      New Townhome Complex in Flint, TX

      New 8-unit townhome complex with expansion potential in Flint, Texas.
      18747 Fm 2493, Flint, TX 75762
      View Details
    • $475,000
      2,760 SF

      Flint, TX Duplex Investment

      Well-maintained duplex in Flint, TX, offering income potential.
      15135 County Road 1103, Flint, TX 75762
      View Details
    • $388,000
      0.29 Acres

      Updated Duplex in Gated Community

      Duplex with updated interiors, easy access to Canton and Tyler.
      7022 County Road 1215, Flint, TX 75762
      View Details
    • $1,400,000
      9,880 SF

      Flint Warehouse Property For Sale

      9,880 SF warehouse/industrial property in Flint, TX available for purchase.
      10858 Fm 346 W, Flint, TX 75762
      View Details
    • $3,000,000
      60.57 Acres

      Flint, TX Commercial Land - 60 Acres

      Prime commercial land, high-growth area, excellent visibility.
      155 Hwy, Flint, TX 75762
      View Details
    • $1,034,500
      1.90 Acres

      Prime Flint, TX Commercial Lots

      High-traffic Hwy 155 location, various sizes.
      20175 Hwy, Flint, TX 75762
      View Details
    • $360,000
      3.59 Acres

      Prime Flint, TX Highway Frontage

      3.59 Acres, Build Your Business
      20768 State Highway 155, Flint, TX 75762
      View Details
    • $867,715
      1.66 Acres

      Prime Flint, TX Commercial Land

      1.66 Acres, Zoned for Business
      20175 Hwy 155, Flint, TX 75762
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 38 single-family lots for sale in a growing community.
    Where is this residential land & home lot located?
    The property is located at 12057 Fm 2868 Flint, TX.
    What is the asking price?
    The asking price for this property is $66,000.
    What are key features of this property?
    This property features: - Affordable single-family lots in a new subdivision; - Water and sewer services available on each lot; - Located in Flint, TX, within the highly regarded Tyler Independent School District (TISD)
    (903) 581-3737
    Request Owner's contact information
    12057 Fm 2868 Flint, TX 75762
    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.
    12057 Fm 2868
    Flint, TX 75762
    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
    12057 Fm 2868 Flint, TX 75762
    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

    We can help!
    Listing Contact
    Jeremy Caruthers
    Real Estate License ID: 0627529
    (903) 581-3737
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.