Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    30 Acres Near Richland Chambers Title is generated by Realmo AI

    Tract 2 Tbd HWY 287, Corsicana, TX 75109

    View on Map
    Claim this Listing
    For Sale
    $375,000

    Unimproved Land - Corsicana, TX

    Type:Unimproved Land
    Lot size:
    30.00 Acres
    Added:
    Jul 14, 2025
    Days on Market:
    304
    Last Refresh:
    May 13 at 4:06 pm

    Property Features for Tract 2 Tbd HWY 287

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    42394
    Lot size
    30.00 Acres

    Building Details

    Year built
    2009
    Architectural style
    Other

    We can help!

    Listing Contact
    Laura Smith

    Listing agent Laura Smith License #0645005

    Listing office Keller Williams Lonestar DFW 701 Highlander Blvd, Suite 400, Arlington, TX

    Listing date Jul 14, 2025

    MLS# 20975790 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.

    HighLights

    • 30 Acres near Richland Chambers Lake
    • Ideal location to build a dream ranch home with a view
    • Suitable for residential housing subdivision
    • Close proximity to Corsicana and Mildred Schools
    • Deed restricted land
    • Fenced property

    Overview

    This 30-acre tract of unimproved land is located near Richland Chambers Lake and within the Mildred Independent School District in Corsicana, Texas. The property is deed restricted and presents an opportunity to build a dream ranch home with a view. Its proximity to Corsicana, Mildred Schools, and Richland Chambers Lake also makes it an excellent location for a residential housing subdivision. Mineral rights do not convey with the sale.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.444738
    Latitude
    32.073301

    Nearby Similar for Sale

    • $850,000
      8,500 SF

      Versatile Commercial Property in Corsicana

      8,500 sq ft metal building with office and shop space.
      1742 S US Highway 287, Corsicana, TX 75110
      View Details
    • $599,000

      Versatile Commercial Building in Corsicana

      6,872 SF commercial building with office and shop space.
      308 S Beaton Street, Corsicana, TX 75110
      View Details
    • $450,000

      Iconic Silo Conversion Opportunity

      Unique, renovated silo near downtown Corsicana with versatile space.
      513 Martin Luther King Jr Boulevard, Corsicana, TX 75110
      View Details
    • $730,000

      Historic Corsicana Building on Beaton

      Two-story brick building with bar, kitchen, and event space.
      107 S Beaton Street, Corsicana, TX 75110
      View Details
    • $450,000

      Versatile Commercial Property Near Interstate

      Commercial building and land with excellent accessibility and visibility.
      731 Ferguson Drive, Corsicana, TX 75110
      View Details
    • $675,000

      Versatile Buildings on 3.2 Acres

      Adaptable campus suitable for church, school, or commercial ventures.
      3640 N Business 45, Corsicana, TX 75110
      View Details
    • $249,000
      1,532 SF

      Functional Office Space, Corsicana

      Versatile commercial property with functional office space and ample parking.
      208 S 31st Street, Corsicana, TX 75110
      View Details
    • $695,000

      IH45 Frontage Land Opportunity

      Under 6 acres of IH45 frontage for business or investment.
      5600 S Interstate Hwy 45 W, Corsicana, TX 75109
      View Details
    • $799,999

      Highway Frontage Industrial Investment Property

      1.975-acre property with 5,500 sq ft building and long-term tenant.
      4429 W State Highway 31, Corsicana, TX 75110
      View Details
    • $1,000,000
      13,500 SF

      Downtown Corsicana Commercial Opportunity

      Substantial commercial property in historic downtown Corsicana, ideal for diverse ventures.
      216 N Commerce Street, Corsicana, TX 75110
      View Details
    • $300,000

      Corsicana Office Space For Sale

      Commercial office space in high-traffic area of Corsicana, Texas.
      800 W 2nd Avenue, Corsicana, TX 75110
      View Details
    • $375,000

      Historic Corsicana Landmark For Sale

      Downtown Corsicana landmark suitable for retail, office, or mixed-use.
      222 N Commerce Street, Corsicana, TX 75110
      View Details

    FAQs

    What type of property is this?
    Land - 30 acres suitable for residential development near Richland Chambers Lake.
    Where is this land located?
    The property is located at Tract 2 Tbd HWY 287 Corsicana, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 30 Acres near Richland Chambers Lake; Ideal location to build a dream ranch home with a view; Suitable for residential housing subdivision
    (817) 795-2500
    We can help!
    Listing Contact
    Laura Smith
    Real Estate License ID: 0645005
    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
    Tract 2 Tbd HWY 287, Corsicana, TX 75109
    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!