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

    126 Pecan Drive Bullard, TX 75757

    View on Map
    For Sale
    $45,000

    Residential - Bullard, TX

    Type:Single Family Residence
    Lot size:
    0.39 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 3 at 7:06 pm

    Property Features for 126 Pecan Drive

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    868

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea Lynch

    Listing agent Andrea Lynch License #0501191

    Listing office Shilling Real Estate Company 102 S. College, Tyler, TX

    Listing date Feb 9, 2026

    MLS# 26001880 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.

    Overview

    Residential Lot in Bullard, TX

    This rectangular-shaped residential lot is located in a quiet community in Bullard, Texas. The lot size is approximately 0.39 acres. Bullard is situated 10 miles from South Tyler and offers retail shopping, restaurants, coffee shops, and a Brookshire Grocery store located across Highway 69 from the neighborhood. The area features public schools experiencing student growth, with a new middle school campus nearby. Brookhill College Prep School, known for its international students and classical education standards, is also located in Bullard. This property is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bullard
    County
    Smith
    State
    Texas
    Longitude
    -95.31109
    Latitude
    32.148003

    Nearby Similar for Sale

    • $495,000

      Lake Palestine Water-View Lot

      Residential lot with lake views and community amenities.
      128 N Eagles Peak Dr., Bullard, TX 75757
      View Details
    • $1,249,000
      3,309 SF

      Renovated Ranch on 35 Acres

      East Texas ranch featuring a resort-style pool and modern amenities.
      3570 County Road 3601, Bullard, TX 75757
      View Details
    • $875,000

      Prime Bullard Acreage For Development

      32 acre tract in Bullard ISD, primed for development.
      739 FM 344 W, Bullard, TX 75757
      View Details
    • $495,000

      Waterfront Homesite in Eagle's Bluff

      Rare 0.6-acre waterfront lot in a private golf community.
      Lot 6C Lake Bluff Drive North, Bullard, TX 75757
      View Details
    • $595,000

      Waterfront Lot in Emerald Bay

      Gorgeous waterfront lot in gated golf course community on Lake Palestine.
      109 Key Allegro Dr, Bullard, TX 75757
      View Details
    • $399,000

      Acreage in Bullard ISD

      12.86-acre tract in Bullard ISD with utilities available.
      Tbd S Doctor M Roper PKWY, Bullard, TX 75757
      View Details
    • $3,400,000
      22,168 SF

      Multi-Family Complex Near Tyler

      18-door multi-family complex near Tyler and Bullard, TX.
      4074 CR 152 W, Bullard, TX 75757
      View Details
    • $57,500

      Residential Lot in Lake Community

      Cleared 0.54-acre lot in Cumberland Ridge, near Lake Palestine.
      Lot 5 Hickory Lane, Bullard, TX 75757
      View Details
    • $57,500

      Residential Lot in Lake Community

      Cleared 0.67 acre lot in Cumberland Ridge, Bullard, TX.
      Lot 6 Hickory Lane, Bullard, TX 75757
      View Details
    • $20,000

      Shadybrook Land Near Lake Palestine

      Two adjoining lots totaling 0.78 acres near Lake Palestine.
      224,208 E Cherokee, Bullard, TX 75757
      View Details
    • $1,000,000

      Expansive Bullard Acreage For Sale

      91.13 acres in Bullard, TX, ideal for farming or investment.
      9870 FM 855, Bullard, TX 75757
      View Details
    • $64,900

      Residential Lot with Fruit Orchard

      0.64-acre lot with house pad and established fruit trees.
      1141 Rollingwood Dr, Bullard, TX 75757
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rectangular lot in a quiet community, near retail and schools.
    Where is this residential land & home lot located?
    The property is located at 126 Pecan Drive Bullard, 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: Desirable .39 acre rectangular lot - perfect for building your dream home.; Located in a quiet community in Bullard, TX.; Conveniently located near retail shopping, restaurants, coffee shops, and Brookshire Grocery.
    (903) 787-0706
    We can help!
    Listing Contact
    Andrea Lynch
    Real Estate License ID: 0501191
    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!