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

    23888 Cr 374 Gladewater, TX 75647

    Sponsored
    For Sale
    $115,000

    Acreage - Gladewater, TX

    Lot size:
    4.16 Acres
    Days on Market:
    151
    Last Refresh:
    Jan 24 at 8:06 pm

    Property Features for 23888 Cr 374

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Fence, None
    Fencing
    Fenced
    Lot size
    4.16 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kylie Hicks
    Kylie Hicks

    Texas Real Estate Executives, The Daniels Group (903) 680-4663

    Listing agent Kylie Hicks (903) 680-4663

    Listing date Aug 27, 2025

    MLS# 20255901 Listing URL

    Copyright © 2026 Longview Area 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

    Property Insight Report

    Overview

    4.161 Acre Parcel in Gladewater

    This 4.161-acre parcel is located in Gladewater, Texas, the Antique Capital of East Texas. It offers an opportunity to build a dream home or create a home for animals. According to the previous owner, Co-Op Water, a septic system, and electric are already installed and available. The property provides space for gardens, recreation, and enjoying country living. It combines the convenience of a prepared site with the natural beauty of its surroundings, making it an investment for the future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop Discount Store Car Rental Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladewater
    County
    Gregg
    State
    Texas
    Longitude
    -94.9346
    Latitude
    32.5672

    Nearby Similar for Sale

    • $299,900
      0.37 Acres

      Modern Commercial Building with Unique Amenities

      2,375 SF commercial building with modern amenities in Gladewater, TX.
      819 N Main St, Gladewater, TX 75647
      View Details
    • $969,900
      3,582 SF

      Secluded Retreat with Guest House

      34.63-acre retreat featuring a log home, guest house, and workshops.
      782 Rosie Wady Rd, Gladewater, TX 75647
      View Details
    • $599,900
      0.54 Acres

      Turnkey Restaurant on Highway 80

      Fully operational restaurant in high-traffic Gladewater location.
      1103 W Upshur Ave, Gladewater, TX 75647
      View Details
    • $139,995

      Income-Producing Duplex in Gladewater

      Gladewater duplex with tenant in place, vacant unit available.
      523 Melba Ave, Gladewater, TX 75647
      View Details
    • $449,995
      1.48 Acres

      Expansive Building in Gladewater, Texas

      29,000 sqft building suitable for various commercial uses.
      401 W Upshur Ave, Gladewater, TX 75647
      View Details
    • $449,995
      1.48 Acres

      Expansive Commercial Building in Gladewater

      29,000 sqft building suitable for diverse commercial uses.
      401 W Upshur Ave, Gladewater, TX 75647
      View Details
    • $178,000

      Commercial Office Space in Gladewater

      2,976 sqft commercial office space available for sale.
      309 W Gregg Ave, Gladewater, TX 75647
      View Details
    • $284,500
      0.81 Acres

      Gladewater Warehouse with Drive-Thru Bays

      Warehouse with offices, drive-thru bays, and gated entrance.
      1905 Broadway Ave, Gladewater, TX 75647
      View Details
    • $2,900,000

      Lunagua Wildlife Farm Estate

      98-acre estate with lake frontage, historic significance, and modern amenities.
      179 Springlake Dr, Gladewater, TX 75647
      View Details
    • $199,900
      0.32 Acres

      High-Traffic Commercial Location

      Prime business location in Gladewater, suitable for various ventures.
      821 N Main St, Gladewater, TX 75647
      View Details
    • Contact for pricing

      Former Bank Building For Sale

      Former bank building suitable for various professional offices.
      200 N Main St, Gladewater, TX 75647
      View Details
    • $79,900
      858 SF

      Commercial Property on North Main

      Commercial property in Gladewater, Texas, suitable for investment.
      613 N Main St, Gladewater, TX 75647
      View Details

    FAQs

    What type of property is this?
    Land - 4.161 acre parcel ready for your dream home.
    Where is this land located?
    The property is located at 23888 Cr 374 Gladewater, TX.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - 4.161 acre parcel in the Antique Capital of East Texas.; - Co-Op Water, Septic System, and Electric are already installed.; - Ready for building a dream home or creating a home for animals.
    (903) 452-8202
    Request Owner's contact information
    23888 Cr 374 Gladewater, TX 75647
    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.
    23888 Cr 374
    Gladewater, TX 75647
    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
    23888 Cr 374 Gladewater, TX 75647
    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
    Kylie Hicks
    Kylie Hicks
    Real Estate License ID: 0684428
    (903) 452-8202
    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.