Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    262 E Walnut Trl Murchison, TX 75778

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    Unimproved Land - Murchison, TX

    Type:Unimproved Land
    Lot size:
    0.18 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 17 at 8:06 am

    Property Features for 262 E Walnut Trl

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000028072
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Expense value
    113
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dale Beard

    Tankersley Real Estate (903) 963-5565

    Listing agent Dale Beard (903) 963-5565 License #0611483

    Listing date Mar 16, 2026

    MLS# 21208349 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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

    Land in Gated Community

    This unimproved lot, located at 262 E. Walnut Trail in Murchison, TX, is situated within the gated community of Callender Lake, approximately 25 minutes southeast of Canton and 30 minutes west of Tyler. The property encompasses 7928 square feet, equivalent to 0.182 acres. The lot measures 77 feet wide at the front and 98 feet at the back, with side dimensions of approximately 90 feet. It backs up to a wide drainage area, offering a partial water view and features tall pine trees. The right side of the lot has been cleared and leveled, prepared for construction. The left side has been cleared of vines. A power pole and plumbed water meter box are present, though without a meter. While the original seller indicated the presence of a septic system and an old trailer tie down is visible, the property is being sold without guarantee of a septic system. Hickory Hills permits mobile homes and RVs less than 10 years old, as well as site-built homes, provided they are 600 square feet or larger, and require a septic tank. Residents have access to the 365-acre spring-fed Callender Lake, suitable for fishing, swimming, and boating. Community amenities include a boat ramp, fishing pier, pool, children's park, pavilion with picnic tables, and restroom and shower facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Pharmacy Grocery & Convenience Store Food Market Grocery & Convenience Store Electronics & Wireless Store Storage Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Murchison
    County
    Henderson
    State
    Texas
    Longitude
    -95.699035
    Latitude
    32.363385

    Nearby Similar for Sale

    • $485,000
      1,154 SF

      Murchison Farmhouse on 48+ Acres

      Farmhouse on 48.64 acres with pasture, woods, creek, and pond.
      10142 Fm 773, Murchison, TX 75778
      View Details
    • $1,400,000
      1,980 SF

      Murchison Farm/Ranch on 119 Acres

      Custom home on 119 acres near Kickapoo Creek.
      10769 County Road 3519, Murchison, TX 75778
      View Details
    • $1,400,000
      1,980 SF

      Murchison Ranch with Guest House

      119.5-acre ranch featuring a custom home and guest house.
      10769 County Road 3519, Murchison, TX 75778
      View Details
    • $600,000
      10,371 SF

      Murchison Retail Center - Hwy 31

      High-visibility retail center, prime location.
      6421 State Highway 31, Murchison, TX 75778
      View Details
    • $4,900,000
      82,500 SF

      Texas Warehouse: 82,500 SF

      Prime Murchison industrial warehouse, 7 acres
      4161 Country Rd 3911, Murchison, TX 75752
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Unimproved lot in Callender Lake community with lake access.
    Where is this residential land & home lot located?
    The property is located at 262 E Walnut Trl Murchison, TX.
    What is the asking price?
    The asking price for this property is $14,900.
    What are key features of this property?
    This property features: - Located in a gated community on the 365-acre Callender Lake, offering fishing, swimming, and boating.; - Cleared and leveled lot ready for new home construction.; - Partial water view and tall pine trees provide an appealing natural setting.
    (903) 963-5565
    Request Owner's contact information
    262 E Walnut Trl Murchison, TX 75778
    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.
    262 E Walnut Trl
    Murchison, TX 75778
    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
    262 E Walnut Trl Murchison, TX 75778
    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
    Dale Beard
    Real Estate License ID: 0611483
    (903) 963-5565 (254) 977-4626
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!