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

    212 Shanna Ter Lindale, TX 75771

    Sponsored
    For Sale
    $59,900

    Residential - Lindale, TX

    Lot size:
    0.41 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 28 at 5:06 am

    Property Features for 212 Shanna Ter

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    April Shipman
    April Shipman

    Leslie Cain Realty, LLC (903) 520-7696

    Listing agent April Shipman (903) 594-8721 License #0680481

    Listing date Jan 5, 2026

    MLS# 25018122 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.

    Learn more

    Overview

    Residential Homesite in Gated Community

    This 0.407-acre homesite is located in the Corrigan Trails subdivision, a gated community in Lindale, Texas. Situated within the Lindale Independent School District, the neighborhood offers a private community pool and an upscale setting. The property allows for the design and construction of a custom home, with options ranging from modern farmhouse to classic brick traditional styles. This is the final homesite available in the subdivision.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lindale
    County
    Smith
    State
    Texas
    Longitude
    -95.4249
    Latitude
    32.5326

    Nearby Similar for Sale

    • $1,100,000
      2,693 SF

      Lindale Ranch with Private Lake

      45.481-acre ranch featuring a home, lake, and metal building.
      18340 County Road 479, Lindale, TX 75771
      View Details
    • $910,000
      3,502 SF

      Lindale Farm/Ranch with In-Ground Pool

      50-acre Lindale farm with a comfortable home and barns.
      19418 Cr 4125, Lindale, TX 75771
      View Details
    • $923,623
      3,053 SF

      Stallion Lake Ranch Custom Home

      Custom 3,050 sq ft home on 8 acres in Lindale, TX.
      23220 Bridle View Dr, Lindale, TX 75771
      View Details
    • $689,900
      1,818 SF

      Lindale Ranch with Rustic Charm

      27.61-acre Lindale property featuring a charming home and functional amenities.
      11941 County Road 4107, Lindale, TX 75771
      View Details
    • $1,835,000
      4,343 SF

      Remodeled Farm and Ranch Property

      Lindale farm and ranch on 30 acres with modern updates.
      20418 Fm 16 W, Lindale, TX 75771
      View Details
    • $1,800,000
      4,544 SF

      Texas Barndominium on 53+ Acres

      Single-level barndominium on 53+ acres with equestrian facilities.
      21482 Fm 16 W, Lindale, TX 75771
      View Details
    • $750,000
      40.00 Acres

      Lindale Ranch Ready for Livestock

      Scenic 40-acre property in Lindale, TX, perfect for country living.
      19574 Fm 1253, Lindale, TX 75771
      View Details
    • $1,400,000
      3,000 SF

      Texas Ranch with Acreage

      27-acre Texas ranch featuring a spacious home and barn.
      19669 County Road 431, Lindale, TX 75771
      View Details
    • $410,000
      2,333 SF

      Renovated Commercial Space on Main

      Meticulously renovated commercial space in the heart of Lindale, TX.
      1501 S Main St, Lindale, TX 75771
      View Details
    • $410,000
      0.60 Acres

      Renovated Office Space on Main

      Versatile office space in Lindale's business district.
      1501 S Main St, Lindale, TX 75771
      View Details
    • $9,900,000
      452.20 Acres

      452 Acres Garden Valley Resort

      452 acres including golf course, clubhouse, and raw land.
      22049 Fm 1995, Lindale, TX 75771
      View Details
    • $190,000
      0.13 Acres

      Lindale, TX Mixed-Use Opportunity

      Spacious property in Lindale's downtown, ideal for retail or office.
      106 S College St, Lindale, TX 75771
      View Details

    FAQs

    What type of property is this?
    Land - Homesite in Corrigan Trails, Lindale ISD, gated community.
    Where is this land located?
    The property is located at 212 Shanna Ter Lindale, TX.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - Final homesite in Corrigan Trails subdivision; - Gated community providing security; - Lindale ISD school district
    (903) 330-5192
    Request Owner's contact information
    212 Shanna Ter Lindale, TX 75771
    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.
    212 Shanna Ter
    Lindale, TX 75771
    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
    212 Shanna Ter Lindale, TX 75771
    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
    April Shipman
    April Shipman
    Real Estate License ID: 0680481
    (903) 330-5192
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.