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

    16947 E Fm 942 Corrigan, TX 75934

    Sponsored
    For Sale
    $169,900

    Ranch - Corrigan, TX

    Type:Ranch
    Property size:
    1,850 SF
    Lot size:
    6.03 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 23 at 4:06 pm

    Property Features for 16947 E Fm 942

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    68100
    Size
    1,850 SF
    Lot size
    6.03 Acres

    Building Details

    Year built
    1950
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Xing Gao

    Central Metro Realty (512) 454-6873

    Listing agent Xing Gao (512) 454-6873 License #0822975

    Listing date Feb 16, 2026

    MLS# 21181160 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.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land with Existing Home

    This 6.03-acre property is located in Timber Ridge Ranchettes in Camden, TX. The land is unrestricted and includes an existing 1,850 sq ft home with 3 bedrooms and 2 bathrooms, as well as a tractor shed. Full utility access is available. The lot fronts paved FM 942 and features a concrete culvert. A pine tree privacy wall runs along the road. City water service is provided through Moscow Public Water Supply, with an inactive meter ready for activation. Sam Houston Electric provides power, with an existing transformer and secondary pole on the property. The lot has been perc tested and approved for spray irrigation or drip emitter septic systems. The soil is Woodville Fine Sandy Loam with 1 to 5 percent slopes. Allowed uses include permanent residences, barndominiums, manufactured homes, tiny homes, container homes, full-time RV living, and livestock. Lake Livingston is 30 minutes away, Corrigan is 14 minutes away, and Livingston is 27 minutes away. Houston is 1 hour 31 minutes south. The property will be conveyed via warranty deed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Corrigan
    County
    Polk
    State
    Texas
    Longitude
    -94.70033552
    Latitude
    30.88703092

    Nearby Similar for Sale

    • New
      $180,000
      900 SF

      Highway 59 Investment Opportunity

      Versatile property on Hwy 59, ideal for business or apartments.
      505 N Home St, Corrigan, TX 75939
      View Details
    • New
      $1,000,000
      125.75 Acres

      Texas Ranch with Highway Access

      Large ranch property near upcoming highway loop in Corrigan, Texas.
      350 Rotan, Corrigan, TX 75939
      View Details
    • Contact for pricing
      6,700 SF

      Commercial Property on US Hwy 190

      15+ acre commercial property with frontage on US Hwy 190.
      1617 W Church St, Corrigan, TX
      View Details
    • $1,150,000

      East Texas Ranch Property

      Custom fitted East Texas ranch property with diverse possibilities.
      1 Fm 1987, Corrigan, TX 75939
      View Details
    • $1,650,000

      East Texas Ranch Property

      Custom fitted East Texas ranch property with diverse possibilities.
      2 Fm 1987, Corrigan, TX 75939
      View Details
    • $2,800,000

      East Texas Ranch Property

      Custom fitted ranch property in the heart of East Texas.
      3 Fm 1987, Corrigan, TX 75939
      View Details
    • $199,900

      Texas Countryside Property with Pond

      Five-acre property featuring a pond, barn, and move-in ready home.
      3540 Fm 352, Corrigan, TX 75939
      View Details
    • $140,000

      RV Park on Spacious Land

      6+ acre RV park offered at land value.
      2248 Fm 352, Corrigan, TX 75939
      View Details
    • $375,000

      Unrestricted Land with Two Homes

      18.21 acres with two homes and large shop.
      164 Parker Rd, Corrigan, TX 75939
      View Details
    • $2,499,000

      225-Acre Ranch on Highway 59

      225-acre ranch ideal for cattle farming or development.
      20720 N Us Highway 59, Corrigan, TX 75939
      View Details
    • $250,000

      46 Acre Hardwood Tract

      46 acre tract ideal for hunting or building a home.
      9 Brg Rd, Corrigan, TX 75939
      View Details
    • $1,932,727

      Corrigan Timberland on US 59

      Forested timberland with US 59 frontage and development potential.
      Us Highway 59, Corrigan, TX 75939
      View Details

    FAQs

    What type of property is this?
    Ranch - 6.03 acres with home, utilities, and flexible usage.
    Where is this ranch located?
    The property is located at 16947 E Fm 942 Corrigan, TX.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Unrestricted 6.03-acre property allows for diverse uses.; - Existing 1,850 sq ft home (3 bed, 2 bath) provides immediate living space.; - Full utility access simplifies setup.
    (214) 540-2750
    Request Owner's contact information
    16947 E Fm 942 Corrigan, TX 75934
    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.
    16947 E Fm 942
    Corrigan, TX 75934
    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
    16947 E Fm 942 Corrigan, TX 75934
    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
    Xing Gao
    Real Estate License ID: 0822975
    (214) 540-2750 (512) 454-6873
    Learn more
    Google sign-in failed. Please try again or use another login method.