Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    185 Hearne Rd Corrigan, TX 75939

    Sponsored
    For Sale
    Pending
    $163,000

    Farm & Ranch - Corrigan, TX

    Lot size:
    13.52 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 23 at 8:06 pm

    Property Features for 185 Hearne Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Na Not Applicable
    Lot size
    13.52 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Mike Free
    Mike Free

    Keller Williams Realty-Tyler (936) 632-7700

    Listing agent Mike Free (936) 632-7700

    Listing date Feb 22, 2026

    MLS# 65104267 Listing URL

    Copyright © 2026 Nacogdoches Board 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.

    Learn more

    Property Insight Report

    Overview

    East Texas Land Parcel

    This property features the natural beauty of East Texas. It comprises three connected parcels of land to be sold together, totaling 13.52 acres. The property has road frontage on Hearne Road, offering space to build a house and barn, with room for livestock. It is located within the city limits, offering country living with convenient access to amenities. The location is approximately 2 minutes from Highway 59/Interstate 69, 90 minutes from Houston, 30 minutes from Lufkin, 30 minutes from Lake Livingston, 5 minutes from a grocery store, and 10 minutes from schools. An upcoming loop around Corrigan is expected to reduce traffic on the nearby part of Highway 59.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corrigan
    County
    Polk
    State
    Texas
    Longitude
    -94.816702051442
    Latitude
    31.01209065717

    Nearby Similar for Sale

    • $169,900
      1,850 SF

      Unrestricted Land with Existing Home

      6.03 acres with home, utilities, and flexible usage.
      16947 E Fm 942, Corrigan, TX 75934
      View Details
    • 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

    FAQs

    What type of property is this?
    Ranch - Connected land parcels in Corrigan, TX, ideal for country living.
    Where is this ranch located?
    The property is located at 185 Hearne Rd Corrigan, TX.
    What is the asking price?
    The asking price for this property is $163,000.
    What are key features of this property?
    This property features: - Large acreage perfect for your dream home, barn, and livestock.; - Conveniently located just 2 minutes from Highway 59/Interstate 69.; - Enjoy the peace of country living within city limits.
    (713) 408-8391
    Request Owner's contact information
    185 Hearne Rd Corrigan, TX 75939
    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.
    185 Hearne Rd
    Corrigan, TX 75939
    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
    185 Hearne Rd Corrigan, TX 75939
    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
    Mike Free
    Mike Free
    (713) 408-8391 (936) 632-7700
    Learn more
    Google sign-in failed. Please try again or use another login method.