Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Desirable Neighborhood Title is generated by Realmo AI

    137 Private Road 6238, Mineola, TX 75773

    View on Map
    Claim this Listing
    For Sale
    $57,500

    Residential - Mineola, TX

    Lot size:
    0.50 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    72
    Last Refresh:
    May 23 at 8:06 pm

    Property Features for 137 Private Road 6238

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    67.53

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dana Smith
    Dana Smith

    Listing agent Dana Smith License #0552828

    Listing office Dwell Realty 7248 Crosswater, Tyler, TX

    Listing date Mar 13, 2026

    MLS# 26001329 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.

    HighLights

    • Large half‑acre (or larger) lot in a desirable, well‑established neighborhood.
    • Conveniently located less than ten minutes from shopping, dining, and everyday amenities.
    • Peaceful setting just outside city limits.
    • Water, electric, and internet/cable readily available at each lot.
    • Restricted neighborhood helps maintain community quality and consistency.
    • Generous lot size allows for a custom home and shop.

    Overview

    This half-acre lot is situated in one of Mineola’s newer and most desirable neighborhoods, offering a blend of space, convenience, and community. Located just outside the city limits, the property provides a peaceful setting while remaining less than ten minutes from amenities such as Walmart, Brookshire's, and various dining options. The established neighborhood is known for its friendly atmosphere and pride of ownership. The generous lot size allows for a custom home and a shop, if desired. Many of the lots feature mature trees and dogwoods that may be incorporated into a new home design, adding natural charm and shade. Water, electric, and internet/cable are available at each lot. Internet providers include Optimum, T-Mobile, and possible other satellite options. This lot is located in Phase 3 of the subdivision and is part of a restricted neighborhood, helping maintain the quality and consistency of the community.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mineola
    County
    Wood
    State
    Texas
    Longitude
    -95.4808
    Latitude
    32.6629

    Nearby Similar for Sale

    • $299,900

      Historic Mixed-Use Property in Mineola

      1930s property zoned for residential and commercial use.
      1009 N Pacific Street, Mineola, TX 75773
      View Details
    • $1,850,000

      Boutique Hotel in Historic Downtown

      Three-story boutique hotel with commercial spaces and event venue.
      115 E Commerce Street, Mineola, TX 75773
      View Details
    • $2,300,000
      3,750 SF

      Mineola Estate: Income-Producing Farm/Ranch

      38-acre estate with main house, duplex, and income potential.
      20108 County Road 452, Mineola, TX 75773
      View Details
    • $995,000
      3,925 SF

      East Texas Family Resort Property

      40-acre East Texas property with a 2,800-square-foot home.
      448 County Road 3955, Mineola, TX 75773
      View Details
    • $2,500,000
      3,064 SF

      Lakeside Ranch in Gated Retreat

      Custom-built ranch home on 5 acres with lake access.
      1322 Private Road 7891, Mineola, TX 78612
      View Details
    • $225,000
      2,130 SF

      Mineola Professional Office Building For Sale

      Professional office building in the heart of Mineola, Texas.
      139 Maxine, Mineola, TX 75773
      View Details
    • $239,500
      2,384 SF

      Hilltop Commercial Building in Mineola

      Flexible commercial building on 0.5 acre in Mineola, Texas.
      700 Greenville Hwy, Mineola, TX 75773
      View Details
    • $549,000
      3,800 SF

      Leased 4-Plex Investment Opportunity

      Four-unit multifamily property in Mineola, Texas, currently fully leased.
      5311 Highway 37, Mineola, TX 75773
      View Details
    • $144,000
      1,115 SF

      Highway 80 Commercial Property

      Well-maintained commercial property with excellent visibility and move-in readiness.
      513 W Broad Street, Mineola, TX 75773
      View Details
    • $962,780

      East Texas Ranch and Land

      74-acre East Texas ranch suitable for recreation, livestock, or building.
      000 County Road 2918, Mineola, TX 75410
      View Details
    • $325,000

      East Texas Serene Land Parcel

      10-acre property with workshop, utilities, well, and pond.
      806 County Road 2918, Mineola, TX 75410
      View Details
    • $799,900
      2,700 SF

      Sprawling Country Estate with Rental

      Custom home on 37 acres with rental cabin.
      1081 County Road 3875, Mineola, TX 75773
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half-acre residential lot in Mineola's desirable, established neighborhood.
    Where is this residential land & home lot located?
    The property is located at 137 Private Road 6238 Mineola, TX.
    What is the asking price?
    The asking price for this property is $57,500.
    What are key features of this property?
    This property features: Large half‑acre (or larger) lot in a desirable, well‑established neighborhood.; Conveniently located less than ten minutes from shopping, dining, and everyday amenities.; Peaceful setting just outside city limits.
    (903) 714-7532
    We can help!
    Listing Contact
    Dana Smith
    Dana Smith
    Real Estate License ID: 0552828
    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
    137 Private Road 6238, Mineola, TX 75773
    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!