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

    38 Harris St Sulphur Springs, TX 75482

    Sponsored
    For Sale
    Contact for pricing

    Unimproved Land - Sulphur Springs, TX

    Type:Unimproved Land
    Lot size:
    0.21 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 1 at 10:06 am

    Property Features for 38 Harris St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000002462
    Lot size
    0.21 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    De Linwood

    LPT Realty LLC (877) 366-2213

    Listing agent De Linwood (877) 366-2213 License #0703140

    Listing date Jan 19, 2026

    MLS# 21047089 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

    33 Unimproved Lots in Sulphur Springs

    This expansive property features 33 contiguous unimproved lots, presenting a development opportunity near a hospital, medical services, and parks. The seller prefers a bulk sale of all lots together to maintain the integrity and scale of the development vision. Buyers can bring their own plans, and the seller is open to exploring a joint development opportunity. This property offers ample space and flexibility for a large-scale project. Lot dimensions and details need to be confirmed, and a survey is available. Each lot is approximately 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.609596
    Latitude
    33.130003

    Nearby Similar for Sale

    • $1,344,000
      112.08 Acres

      Sulphur Springs Ranch Land

      112.08 acres of prime ranch land in Sulphur Springs, TX.
      8193 Fm 2285, Sulphur Springs, TX 75482
      View Details
    • $925,000
      0.12 Acres

      Legacy Opportunity on Celebration Plaza

      Prime retail space in Sulphur Springs, a destination city.
      124 Main St, Sulphur Springs, TX 75482
      View Details
    • $12,950,000
      13,157 SF

      Luxurious French Estate on Acres

      Luxurious French-style estate on 681 acres with pecan plantation.
      2777 I-30 W, Sulphur Springs, TX 75482
      View Details
    • $1,100,000
      1,960 SF

      Secluded Ranch with Updated Home

      Nearly 72-acre ranch featuring ponds, wildlife, and recreational opportunities.
      1004 County Road 4574, Sulphur Springs, TX 75482
      View Details
    • $1,810,000
      308.00 Acres

      East Texas Ranching and Recreation

      308-acre East Texas ranch blending ranching and recreation.
      3296 Farm Road 3236, Sulphur Springs, TX 75482
      View Details
    • $745,000
      0.05 Acres

      Renovated Landmark in Celebration Square

      Fully renovated 2,310 sq ft commercial space in Sulphur Springs.
      204 Church St, Sulphur Springs, TX 75482
      View Details
    • $1,460,000
      292.09 Acres

      East Texas Ranch Retreat

      290-acre East Texas ranch perfect for recreation and ranching.
      Tbd Farm Rd 3236, Sulphur Springs, TX 75482
      View Details
    • $634,200
      3,100 SF

      Farm and Ranch Home

      Spacious home on 10.3 acres with apartment over garage.
      8919 County Road 2310, Sulphur Springs, TX 75482
      View Details
    • $519,900
      1,417 SF

      Versatile Property with Highway Frontage

      8.75 acres with highway frontage, shops, and remodeled home.
      3974 Texas 11 E, Sulphur Springs, TX 75482
      View Details
    • $375,000
      1.36 Acres

      Sulphur Springs Mixed-Use Investment

      Versatile property with shop, apartments, and storage units.
      617 N 7Th St, Sulphur Springs, TX 75482
      View Details
    • $425,000
      0.47 Acres

      Four Investment Homes For Sale

      Four homes available together or separately in Sulphur Springs, TX.
      N Tbd Ln, Sulphur Springs, TX 75482
      View Details
    • $531,700
      71.90 Acres

      71 Acres Near Cooper Lake

      71 AG-exempt acres near Lake Cooper, suitable for residence, recreation.
      3883 Farm Road 71 W, Sulphur Springs, TX 75482
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 33 contiguous unimproved lots for development near hospital and parks.
    Where is this residential land & home lot located?
    The property is located at 38 Harris St Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $21,900.
    What are key features of this property?
    This property features: - Bulk sale of 33 contiguous unimproved lots, offering a large-scale development opportunity.; - Located in close proximity to Hospital, medical services, and beautiful parks.; - Suitable for a community residential project or investment portfolio.
    (877) 366-2213
    Request Owner's contact information
    38 Harris St Sulphur Springs, TX 75482
    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.
    38 Harris St
    Sulphur Springs, TX 75482
    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
    38 Harris St Sulphur Springs, TX 75482
    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
    De Linwood
    Real Estate License ID: 0703140
    (877) 366-2213
    Learn more
    Google sign-in failed. Please try again or use another login method.