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    342 Old Easton Rd Longview, TX 75603

    Sponsored
    For Sale
    $460,000

    Farm/Ranch, Contemporary/Modern - Longview, TX

    Type:Farm
    Property size:
    2,432 SF
    Lot size:
    8.63 Acres
    Days on Market:
    33
    Last Refresh:
    Jan 20 at 7:06 am

    Property Features for 342 Old Easton Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    3
    APN
    1217936
    Parking features
    Carport, Covered
    Patio and Porch features
    Patio, Porch
    Interior features
    High Speed Internet Available, Vaulted Ceiling(s)
    Exterior features
    Covered Patio/Porch, Storage, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Washer
    Size
    2,432 SF
    Lot size
    8.63 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1995
    Floors in Building
    1
    Building materials
    Stone, Stone Veneer
    Roof type
    Metal
    Architectural style
    Contemporary
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jay Terry

    UCRE Texas Lifestyle Properties & Auction (940) 600-0188

    Listing agent Jay Terry (903) 686-0636 License #0708953

    Listing date Dec 19, 2025

    MLS# 21135987 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

    Lakeport Area Ranch Home Opportunity

    Located in the Lakeport area of Gregg County, this property features a 2,432 square foot rustic ranch home situated on 8.6 acres. The residence includes two bedrooms and 2.5 bathrooms, along with an 1,100 square foot open multipurpose room with an additional 0.5 bathroom. This large space is suitable for family gatherings, church activities, a game room, or even a business storefront. The home is equipped with a newer 25KW Generac generator, approximately four years old, fueled by a 500-gallon leased propane tank. The aerobic septic system was installed within the last five years, and the HVAC system was updated in 2023. A newer storm shelter is also present on the property. Additional structures include a 28'x50' shop with covered parking and storage, with water and a separate electric meter available. Two storage containers are covered by a metal roof, previously used for hay and work equipment storage. There is also another large metal covering and shed for storage. The shops, containers, sheds, and coverings offer potential for business use, including conversion into an RV park with the outbuildings serving as business or rental space. The property is fenced and cross-fenced, with one pasture featuring two sheds suitable for RVs, farm equipment, or animal shelter. The property is located close to Lake Cherokee and minutes from the Gregg County Regional Airport, Lakeport, Tatum, I-20, Henderson, Kilgore, and Longview.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A.L.B. Gutters Gutter Cleaning Service

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Kitchen & Bath Storage Facility Bar & Pub Women's Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.662677
    Latitude
    32.385953

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    FAQs

    What type of property is this?
    Farm - Rustic ranch on 8.6 acres near Lake Cherokee.
    Where is this farm located?
    The property is located at 342 Old Easton Rd Longview, TX.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - 8.6+- acre property with a rustic ranch home, shop, outbuildings, and fenced acreage, offering numerous possibilities.; - **2432 SF home includes a large 1100 SF open multipurpose room with .5 bath suitable for various uses (family gatherings, business, etc.).**; - **28'x50' shop with covered parking/storage, water access, and separate electric meter, ideal for business or hobbies.**
    (903) 918-9121
    Request Owner's contact information
    342 Old Easton Rd Longview, TX 75603
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    Longview, TX 75603
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    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
    342 Old Easton Rd Longview, TX 75603
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    We can help!
    Listing Contact
    Jay Terry
    Real Estate License ID: 0708953
    (903) 918-9121
    Learn more
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