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

    21540 Riva Ridge Dr Tyler, TX 75704

    View on Map
    Claim this Listing
    For Sale
    $199,500

    Rural Acreage - Tyler, TX

    Lot size:
    5.39 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    217
    Last Refresh:
    Apr 26 at 12:06 am

    Property Features for 21540 Riva Ridge Dr

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    2350.91

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Dickey

    Listing agent Lisa Dickey License #0712989

    Listing office Realty One Group Rose 1042 Asher Way, Ste 200, Tyler, TX

    Listing date Sep 22, 2025

    MLS# 24016601 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

    Tyler, TX Acreage For Sale

    This property features 5.394 acres of land located in the Twin Lakes Subdivision, Unit II. The site is positioned within an open ranchette development, offering peacefulness and privacy. Underground utilities and internet access are available. The property is not subject to Homeowners Association (HOA) restrictions. It is located within the Lindale School District. The land is suitable for planting a garden and keeping horses, offering country living. The property is located in Tyler, TX.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.4356
    Latitude
    32.394

    Nearby Similar for Sale

    • $499,900
      10,667 SF

      Tyler Flex Space Opportunity

      10,667 SF flex space on Loop 323 in Tyler.
      3401 N Northeast Loop 323, Tyler, TX 75708
      View Details
    • $453,000
      4,727 SF

      Partially Leased Office/Retail Building

      Partially leased office/retail building in Qualified Opportunity Zone.
      913 W Bow St, Tyler, TX 75702
      View Details
    • $1,250,000
      6,698 SF

      Historic Commercial Property with Charm

      1912 historic commercial property with exceptional business potential.
      313 E Charnwood, Tyler, TX 75701
      View Details
    • $550,000

      Highway 69 Investment Opportunity

      High-visibility mixed-use property on Highway 69 with flexible income potential.
      20921 US Highway 69 S, Tyler, TX 75703
      View Details
    • $499,900

      Tyler Office Building For Sale

      2,224 SF commercial building with prime location and updates.
      1624 N Northwest Loop 323, Tyler, TX 75702
      View Details
    • $325,000
      5,436 SF

      Restaurant Building in Tyler, TX

      Iconic restaurant property on 1.67 acres, prime for revitalization.
      2512 E Erwin, Tyler, TX 75702
      View Details
    • $450,000

      Tyler Office Space For Sale

      2,880 SF office suites in a prime Tyler location.
      1404 Rice Road, Tyler, TX 75703
      View Details
    • $749,000
      2,400 SF

      Tyler Commercial Land on Loop

      2.7-acre commercial tract with frontage, usability, and visibility.
      1404 NW Loop 323, Tyler, TX 75701
      View Details
    • $449,900
      3,840 SF

      Tyler Acreage with Shop Building

      16.88 acres with a 3840 sq ft metal building.
      6470 Hwy 110, Tyler, TX 75704
      View Details
    • $750,000
      5,220 SF

      Tyler Office Building For Sale

      Commercial office building with twelve offices, reception, and parking.
      200 E Amherst, Tyler, TX 75701
      View Details
    • $360,000

      Tyler Land Parcel on Highway

      Corner parcel with highway frontage, suitable for new business.
      16393 W State Highway 31, Tyler, TX 75709
      View Details
    • $496,000
      3,676 SF

      Tyler Duplex in Heritage South

      Fully occupied duplex near shopping, dining, and S. Broadway Ave.
      113 & 115 E Heritage Drive, Tyler, TX 75703
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5.394 acres in Twin Lakes Subdivision, Unit II, Tyler, TX.
    Where is this agricultural land / farmland located?
    The property is located at 21540 Riva Ridge Dr Tyler, TX.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: 5.394 Acres; Lindale School District; No HOA
    (903) 343-9039
    We can help!
    Listing Contact
    Lisa Dickey
    Real Estate License ID: 0712989
    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!