Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Teague, TX - 5 Acre Tract Title is generated by Realmo AI

    121 Lone Star Drive, Teague, TX 75860

    View on Map
    Claim this Listing
    For Sale
    $85,000

    Unimproved Land - Teague, TX

    Type:Unimproved Land
    Lot size:
    5.09 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    101
    Last Refresh:
    May 18 at 2:06 pm

    Property Features for 121 Lone Star Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    13877
    Lot size
    5.09 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rachel Anderson
    Rachel Anderson

    Listing agent Rachel Anderson License #0461326

    Listing office Rachel Anderson Real Estate 413 Main St, Teague, TX

    Listing date Feb 6, 2026

    MLS# 21159036 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

    • Rare 5‑acre tract within Teague city limits
    • Active agricultural exemption
    • Prime location off Hwy 84, near essential amenities
    • Easy access to I‑45 (within 10 miles)
    • Approximately 90 miles south of Dallas
    • Great investment potential for small‑scale development

    Overview

    This approximately 5-acre tract presents an opportunity to own acreage within the Teague city limits, benefiting from an active ag exemption. The property is located off Hwy 84, within walking distance or a short drive to amenities such as Brookshire Brothers grocery store, Family Dollar, and Dollar General. Situated in western Freestone County, the tract provides access to major transportation arteries and is located within 10 miles of I-45, positioning it approximately 90 miles south of Dallas. The property offers investment potential for small-scale development or long-term investment in a growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Teague
    County
    Freestone
    State
    Texas
    Longitude
    -96.2786
    Latitude
    31.6463

    Nearby Similar for Sale

    • $300,000

      Teague, TX Commercial Opportunity

      Spacious 3,500 sq ft building on 0.811 acres.
      849 W US Highway 84, Teague, TX 75860
      View Details
    • $699,000
      2,508 SF

      Unique Barndominium on 10 Acres

      One-of-a-kind barndominium on 10.323 acres with modern amenities.
      218 Fm 80 S, Teague, TX 75860
      View Details
    • $630,000
      2,496 SF

      Turnkey Ranch with Modern Home

      Stunning 4-bedroom home on 12 acres, ready for livestock.
      186 Fcr, Teague, TX 75860
      View Details
    • $75,000

      Prime Commercial Lots in Teague

      Two connected commercial lots in a high-traffic location.
      W Hwy 84, Teague, TX 75860
      View Details
    • $675,000
      1,800 SF

      Teague, TX Farm/Ranch Retreat

      17.4-acre property with barndominium, orchard, and hay production.
      338 Fcr, Teague, TX 75860
      View Details
    • $195,000

      Unimproved Land Near Fairfield

      14.4 acres of land near I-45, west of Fairfield.
      755 FCR 601, Teague, TX 75860
      View Details
    • $165,000

      Cleared Land Near I-45

      11.2 acres of versatile land, ready for your vision.
      753 FCR 601, Teague, TX 75860
      View Details
    • $75,000

      Improved Land in Teague, TX

      1.8 acres of open land with road frontage and barn.
      Tbd S Fm 80 S, Teague, TX 75860
      View Details
    • $55,000

      Land in Teague, Texas

      2.77 acres of land with shade trees.
      103 Wildflower Lane, Teague, TX 75860
      View Details
    • $400,000

      Teague, TX 50-Acre Property

      50-acre property in Teague, TX, perfect for building.
      CR 660, Out Of Area, TX 75860
      View Details
    • $575,000

      72+ Acre Recreational/Residential Land

      Versatile acreage near town, ideal for recreation or development.
      Tbd FM 553, Teague, TX 75860
      View Details
    • $500,000

      57 Acres of Texas Land

      Unimproved land perfect for hunting, building, or ranching.
      Tbd CR 935, Teague, TX 75860
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5-acre tract in Teague, TX with ag exemption.
    Where is this agricultural land / farmland located?
    The property is located at 121 Lone Star Drive Teague, TX.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Rare 5‑acre tract within Teague city limits; Active agricultural exemption; Prime location off Hwy 84, near essential amenities
    (254) 739-2942
    We can help!
    Listing Contact
    Rachel Anderson
    Rachel Anderson
    Real Estate License ID: 0461326
    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

    Thank You for Inquiry
    121 Lone Star Drive, Teague, TX 75860
    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!