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

    239 Elizabeth Dr Bullard, TX 75757

    Sponsored
    For Sale
    $45,000

    Residential - Bullard, TX

    Lot size:
    0.09 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 24 at 1:06 am

    Property Features for 239 Elizabeth Dr

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rene Griffin-Perry

    RE/MAX Tyler (903) 581-7117

    Listing agent Rene Griffin-Perry (903) 581-7117 License #0479354

    Listing date Jan 14, 2026

    MLS# 26000669 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

    Property Insight Report

    Overview

    Residential Lot in Gated Community

    This residential lot, suitable for an RV or tiny home, is located within a gated community on Lake Palestine. The 0.09-acre property includes a new septic system, water meter, electric pole with meter, a crushed asphalt pad with a culvert, lot survey, and a mailbox. Short-term rentals are permitted. Community amenities include boat ramp access to Lake Palestine, a fishing pier, playground, and two swimming pools. The property is located off FM 346 in Bullard ISD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Hotel & Motel Gym & Fitness Bar & Pub Bed & Breakfast Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bullard
    County
    Smith
    State
    Texas
    Longitude
    -95.432655
    Latitude
    32.11615

    Nearby Similar for Sale

    • $5,500,000
      3,715 SF

      Lake Palestine Waterfront Legacy Estate

      72-acre waterfront estate with custom residence and high-end amenities.
      1147 Farm To Market 346 N, Bullard, TX 75757
      View Details
    • New
      $1,249,000
      3,309 SF

      Renovated Ranch on 35 Acres

      East Texas ranch featuring a resort-style pool and modern amenities.
      3570 County Road 3601, Bullard, TX 75757
      View Details
    • $3,650,000
      22,168 SF

      Multi-Family Complex Near Tyler

      18-door multi-family complex near Tyler and Bullard, Texas.
      4074 Cr 152 W, Bullard, TX 75757
      View Details
    • $925,000
      1,260 SF

      Barndominium on 32+ Acres

      Barndominium on 32+ acres, perfect for weekend getaways.
      1045 Fm 2137 N, Bullard, TX 75757
      View Details
    • $5,370,000
      30,102 SF

      Bullard Multifamily Investment Opportunity

      Multifamily property with 12 units completed in 2025, expanding to 24.
      4073 County Road 152 W, Bullard, TX 75757
      View Details
    • $250,000
      0.73 Acres

      Income-Producing RV Park in Bullard

      RV park on 0.73 acres with six equipped spaces.
      185 Cr 3816, Bullard, TX 75757
      View Details
    • $275,000
      0.35 Acres

      Commercial Building in Growing Area

      Versatile commercial property in Bullard, Texas, ideal for various businesses.
      105 Water St, Bullard, TX 75757
      View Details
    • $1,575,000

      East Texas Country Retreat

      Spacious custom home on 15 acres with pond and barn.
      14008 Fm 346 W, Bullard, TX 75757
      View Details
    • Contact for pricing
      0.20 Acres

      Residential Property in Bullard, Texas

      Residential property for sale in Bullard, Texas, Cherokee County.
      155 Amherst Ct, Bullard, TX 75757
      View Details
    • $2,550,000
      50,700 SF

      Industrial Property in Bullard, Texas

      50,700 SF industrial property available for sale.
      975 S Houston St, Bullard, TX 75757
      View Details
    • $2,000,000
      2,700 SF

      Retail Property in Bullard, Texas

      2,700 SF retail property available for sale.
      301 S Loop Southwest, Bullard, TX
      View Details
    • $1,791,744
      7.68 Acres

      Bullard Hwy 69 Commercial Land

      Prime 7.68-acre commercial tract. Highway frontage.
      504 Us Highway 69, Bullard, TX 75757
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lot with utilities in Lake Palestine community, Bullard ISD.
    Where is this residential land & home lot located?
    The property is located at 239 Elizabeth Dr Bullard, TX.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - Complete RV/Tiny home lot with new septic system, water meter, and electric meter installed.; - Access to Lake Palestine via community boat ramp.; - Short term rentals allowed in gated community.
    (903) 283-4765
    Request Owner's contact information
    239 Elizabeth Dr Bullard, TX 75757
    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.
    239 Elizabeth Dr
    Bullard, TX 75757
    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
    239 Elizabeth Dr Bullard, TX 75757
    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
    Rene Griffin-Perry
    Real Estate License ID: 0479354
    (903) 283-4765
    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.