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

    251 Peggy Ann Dr Milam, TX 75959

    Sponsored
    For Sale
    $79,900

    Lots - Milam, TX

    Lot size:
    0.31 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 23 at 6:06 pm

    Property Features for 251 Peggy Ann Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Luf Rs Residential Sm Single Family
    Lot size
    0.31 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shane Allman

    Allman Company (409) 787-3333

    Listing agent Shane Allman (409) 787-3333

    Listing date Feb 22, 2026

    MLS# 65108006 Listing URL

    Copyright © 2026 Nacogdoches Board 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

    Waterfront Lots on Patroon Creek

    Two waterfront lots with a gentle slope are situated on the Patroon Creek arm of Toledo Bend. The lots include a well and a car or boat port. City water is available at the road, and electricity is accessible at the street. The property offers views of Patroon Creek, and a subdivision boat ramp is located nearby. The lots, zoned for single-family residential use, are suitable for building a lake house or parking a manufactured home. The total lot size is 0.306 acres and is located in Milam, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Milam
    County
    Sabine
    State
    Texas
    Longitude
    -93.8300879
    Latitude
    31.5240603

    Nearby Similar for Sale

    • New
      $450,000
      Pending

      Toledo Bend Lake RV Park

      Established RV park with motel and lake access.
      5050 Carters Ferry Rd, Milam, TX 75959
      View Details
    • $95,000

      Pine Plantation Investment Opportunity

      Gently sloping land with frontage on Carters Ferry Rd.
      4 Carters Ferry Rd, Milam, TX 75959
      View Details
    • $56,000

      Land Near Toledo Bend Reservoir

      Land featuring creek, trees, and proximity to Toledo Bend.
      06 Carters Ferry Rd, Milam, TX 75959
      View Details
    • $181,500

      Land For Sale Near Toledo

      Gently sloping land with young pine plantation near Toledo Bend.
      2 Carters Ferry Rd, Milam, TX 75959
      View Details
    • $84,000

      Land Near Toledo Bend Reservoir

      Land for sale near Toledo Bend Reservoir and SH 87.
      010 Carters Ferry Rd, Milam, TX 75959
      View Details
    • $49,000

      Residential Tracts Fronting Bayou Road

      Residential tracts with easy access, close to Toledo Bend Reservoir.
      06 Byu Rd, Milam, TX 75948
      View Details
    • $102,000

      Residential Tracts Fronting Bayou Road

      Residential tracts with easy access, close to Toledo Bend Reservoir.
      07 Byu Rd, Milam, TX 75948
      View Details
    • $168,200

      Land Near Toledo Bend Reservoir

      Land featuring creek, woods, and proximity to Toledo Bend.
      5 Carters Ferry Rd, Milam, TX 75959
      View Details
    • $84,000

      Land Near Toledo Bend Reservoir

      Land with creek, wooded areas, and road frontage.
      Carters Ferry Rd, Milam, TX 75959
      View Details
    • $380,000

      Lakefront Tract on Toledo Bend

      Private lakefront property with natural woods and electricity available.
      New Hvn Rd, Milam, TX 75948
      View Details
    • $95,000

      East Texas Land Tract

      Land tract in east Texas with highway frontage.
      01 Highway 87, Milam, TX 75959
      View Details
    • $95,000

      East Texas Land Tract

      Land tract in east Texas with highway frontage.
      02 Highway 87, Milam, TX 75959
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two waterfront lots with well, car port, and utilities.
    Where is this residential land & home lot located?
    The property is located at 251 Peggy Ann Dr Milam, TX.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: - Waterfront property on Patroon Creek (Toledo Bend); - Includes a well; - Car or boat port already in place
    (409) 594-7236
    Request Owner's contact information
    251 Peggy Ann Dr Milam, TX 75959
    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.
    251 Peggy Ann Dr
    Milam, TX 75959
    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
    251 Peggy Ann Dr Milam, TX 75959
    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
    Shane Allman
    (409) 594-7236 (409) 787-3333
    Learn more
    Google sign-in failed. Please try again or use another login method.