Add Listing
    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

    401 County Road 3114 Quitman, TX 75783

    View on Map
    Claim this Listing
    New
    For Sale
    $345,000

    Improved Land - Quitman, TX

    Lot size:
    34.88 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 9:06 pm

    Property Features for 401 County Road 3114

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R10837
    Lot size
    34.88 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jordyn Young

    Listing agent Jordyn Young License #0770934

    Listing office Miller Homes Group 7925 S. Broadway Avenue, Tyler, TX

    Listing date Apr 21, 2026

    MLS# 21245585 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.

    Overview

    Quitman, TX 34.8 Acre Land

    Located in Quitman, Texas, this 34.8-acre property presents a versatile opportunity for investors, homesteaders, or those seeking to customize improved land. The land is equipped with electric, water, and a septic system. A 4-bedroom, 2-bath home is situated on the property, offering renovation potential. A spring-fed pond enhances the charm and functionality of the land. The property is suited for livestock, recreation, or enjoying country views. This property offers land value, making it an investor opportunity. The land is ideal for building, investing, or escaping to wide-open spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Quitman
    County
    Wood
    State
    Texas
    Longitude
    -95.388255
    Latitude
    32.801779

    Nearby Similar for Sale

    • $924,900
      7,377 SF

      Downtown Quitman Commercial Property

      Prime commercial property in downtown Quitman with multiple office units.
      105 State Highway 154, Quitman, TX 75783
      View Details
    • $579,999
      3,077 SF

      East Texas Farmhouse with Acreage

      East Texas farmhouse on 21+ acres near Lake Fork.
      352 County Road 3120, Quitman, TX 75783
      View Details
    • $248,000

      Remodeled Office Building in Quitman

      Remodeled office building suitable for retail, medical, or professional use.
      113 E Goode Street, Quitman, TX 75783
      View Details
    • $225,000

      Boat Storage Near Lake Fork

      20 storage units, containers, and carport near Lake Fork.
      Tbd W STATE HWY 154, Quitman, TX 75783
      View Details
    • $759,999
      3,288 SF

      Lake Fork Ranch with Custom Home

      Custom log home on 17 acres near Lake Fork.
      575 County Road 1214, Quitman, TX 75783
      View Details
    • $330,000

      22+ Acre Tract in Quitman

      Versatile land with utilities, pond, and structures near Winnsboro.
      3842 N State Highway 37, Quitman, TX 75783
      View Details
    • $180,000

      Land with RV Port and Building

      0.258-acre lot with RV port, building, and community amenities.
      615 Waterfront Row, Quitman, TX 75783
      View Details
    • $500,000

      Prime Commercial Land Near Lake

      4.63-acre commercial parcel with high visibility and development potential.
      Tbd W ST HWY 154, Quitman, TX 75783
      View Details
    • $200,000
      798 SF

      Furnished Short-Term Rental Investment

      Fully furnished tiny homes with existing bookings near Lake Fork.
      275 And 281 Indian Gap, Quitman, TX 75783
      View Details
    • $99,900

      Charming Commercial Building in Quitman

      Updated commercial building with display windows in thriving community.
      207 E Goode st, Quitman, TX 75783
      View Details
    • $99,900

      Charming Commercial Building in Quitman

      Updated commercial building with display windows in thriving community.
      207 Goode Street, Quitman, TX 75783
      View Details
    • $33,000

      Waterfront Land in Quitman, TX

      Two wooded lots in Clear Lakes development for private lake living.
      Lot 128,144 County Road 2123, Quitman, TX 75783
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 34.8 acres in Quitman, TX with existing infrastructure.
    Where is this residential land & home lot located?
    The property is located at 401 County Road 3114 Quitman, TX.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: 34.8 acres of usable land in Quitman, Texas; Equipped with existing electric, water, and septic system; Includes a **4‑bedroom, 2‑bath home**
    (903) 268-9054
    We can help!
    Listing Contact
    Jordyn Young
    Real Estate License ID: 0770934
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!