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

    152 CR 2998 Hughes Springs, TX 75656

    View on Map
    For Sale
    $399,900

    Rural Acreage - Hughes Springs, TX

    Lot size:
    24.03 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 5 at 5:06 pm

    Property Features for 152 CR 2998

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Metal Outbuilding(s), Fencing
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    24.03 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Jake Moore

    Listing agent Jake Moore License #0723358

    Listing office Patrick Redfearn Realty, LLC 415 N. Jefferson Ave., Mount Pleasant, TX

    Listing date Feb 24, 2026

    MLS# 26000162 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

    Hughes Springs Acreage with Pond

    This 24.028-acre property is located within the Hughes Springs Independent School District. The land includes a 5-acre stocked fishing pond and features views. A deep well is located on the property. There is a 40x60 shop that can be used for storage or converted into a barndominium. Additional storage is available under a covered 30x60 lean-to, suitable for tractors and trailers. The tract has approximately 1800 feet of road frontage, which allows for the possibility of multiple homes or a commercial venture such as an RV park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Building Supply Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hughes Springs
    County
    Cass
    State
    Texas
    Longitude
    -94.572052
    Latitude
    32.998578

    Nearby Similar for Sale

    • $270,000

      Hughes Springs Warehouse with Office

      60x70 warehouse with remodeled office space on 1.65 acres.
      83 FM 250 S, Hughes Springs, TX 75656
      View Details
    • $850,000
      2,760 SF

      Hughes Springs Ranch with Pond

      Renovated home on 31 acres with a 6.5-acre pond.
      2711 Fm 250 N, Hughes Springs, TX 75656
      View Details
    • $270,000

      Warehouse with Office Space

      60x70 warehouse with remodeled office space on 1.65 acres.
      83 FM 250 S, Hughes Springs, TX 75656
      View Details
    • $880,000

      Active Poultry Farm For Sale

      Profitable poultry farm with updated facilities and active contract.
      737 County Road 2855, Hughes Springs, TX 75656
      View Details
    • $99,900

      Commercial Land on Highway Frontage

      High-traffic commercial land with utilities ready for development.
      510 W FIRST ST, Hughes Springs, TX 75656
      View Details
    • $399,900

      24-Acre Property with Fishing Pond

      24-acre property featuring a pond, shop, and building potential.
      152 CR 2998, Hughes Springs, TX 75656
      View Details
    • $705,810

      Timberland and Wildlife Habitat

      201.66-acre tract with timberland, wildlife habitat, and income potential.
      CR 2912, Hughes Springs, TX 75656
      View Details
    • $94,999

      Hughes Springs Raw Land Acreage

      12.22 acres of raw land with trees and wildlife.
      4665 CR 4114, Hughes Springs, TX 75656
      View Details
    • $38,900

      4.97 Acres Wooded Land

      Wooded 4.97-acre property near Daingerfield State Park and Lake O' the Pines.
      0 Fm 161, Hughes Springs, TX 75656
      View Details
    • $99,900

      Highway Frontage Commercial Land

      Commercial land with highway frontage in high-traffic location.
      510 W FIRST ST, Hughes Springs, TX 75656
      View Details
    • $265,000

      50 Acre Recreational Land in Texas

      50 acre tract with utilities ready for immediate use.
      Tbd CR 2864, Hughes Springs, TX 75656
      View Details
    • $270,000

      Heavily Wooded East Texas Retreat

      43.7 acres of wooded land with cabin and storage shed.
      Tbd County Road 2920, Hughes Springs, TX 75656
      View Details

    FAQs

    What type of property is this?
    Land - 24-acre property with pond, well, shop, and road frontage.
    Where is this land located?
    The property is located at 152 CR 2998 Hughes Springs, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Over 24 acres with a 5‑acre stocked fishing pond.; 40x60 shop suitable for storage or conversion to a barndominium.; Deep well on site, ready for home construction.
    (903) 559-3774
    We can help!
    Listing Contact
    Jake Moore
    Real Estate License ID: 0723358
    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!