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

    403 N 2nd Street Point, TX 75472

    View on Map
    Picture of Land at 403 N 2nd Street, Point, TX
    For Sale
    $30,000

    Unimproved Land - Point, TX

    Type:Unimproved Land
    Lot size:
    0.14 Acres
    Added:
    Sep 7, 2025
    Days on Market:
    207
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 403 N 2nd Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R23862
    Lot size
    0.14 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashley Hammons
    Ashley Hammons

    Listing agent Ashley Hammons License #0615230

    Listing office AT Home Texas Real Estate 7902 Traders Cir Ste A, GREENVILLE, TX

    Listing date Sep 7, 2025

    MLS# 21052271 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

    Residential Lot in Point, Texas

    This 0.14-acre lot is located on 2nd Street in Point, Texas, offering a peaceful residential setting suitable for building a new home with space for outdoor living or landscaping. The property benefits from readily available utilities and paved street access. It is situated near local schools and parks, making it a convenient location for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Pharmacy Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Point
    County
    Rains
    State
    Texas
    Longitude
    -95.8703639
    Latitude
    32.9350805

    Nearby Similar for Sale

    • $675,000
      2,872 SF

      Custom Home on Working Farm

      Secluded estate with custom home and farming infrastructure.
      2134 Rs County Road 1402, Point, TX 75472
      View Details
    • $689,000

      Versatile 72-Acre East Texas Tract

      Accessible land with pastures, ponds, and development potential near Lake Fork.
      742 County Road 1144, Miller Grove, TX 75472
      View Details
    • $4,900,000

      Texas Ranch with Highway Frontage

      480-acre ranch suitable for development or agricultural use.
      1392 E US Highway 69, Point, TX 75472
      View Details
    • $700,000

      Rains County Unimproved Land Parcel

      17.778 acres of land near Lake Tawakoni.
      6345 FM-2324, Point, TX 75472
      View Details
    • $117,000

      Cleared Land Ready for Development

      6 acres of cleared land ready for immediate development.
      Lot 5 RS County Road 1462, Point, TX 75472
      View Details
    • $75,000

      Unimproved Land in Point, Texas

      3-acre lot near Lakes Fork and Tawakoni. Site-built homes only.
      Tbd Lot 3 RS County Road 1520, Point, TX 75472
      View Details
    • $3,200,000

      162-Acre Ranch on Lake Tawakoni

      162-acre ranch with lake frontage, development potential.
      352 Rs County Road 1605, Point, TX 75472
      View Details
    • $67,500

      Cleared Land Ready for Home

      3 acres in Point, TX, ready for your new home.
      Lot 2 RS County Road 1462, Point, TX 75472
      View Details
    • $102,500

      Cleared Land Ready For Home

      5 acres in Point, TX, ready for a new home.
      Lot 6 RS County Road 1462, Point, TX 75472
      View Details
    • $289,000

      Highway Frontage Land in Point

      5.33 acre tract with dual road frontage.
      Tbd State Hwy 276, Point, TX 75472
      View Details
    • $49,500

      Unimproved Land Near Lake

      0.7+ acre lot near Lake Tawokoni and Lake Fork.
      344 RS County Road 4254, Point, TX 75472
      View Details
    • $80,000

      2 Acres Wooded Land

      2-acre wooded property with city utilities in Point, TX.
      338 Roberts Road, Point, TX 75472
      View Details

    FAQs

    What type of property is this?
    Land - Residential land for sale, ideal for building a new home.
    Where is this land located?
    The property is located at 403 N 2nd Street Point, TX.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Peaceful residential setting ideal for building a new home.; Convenient location near local schools and parks.; Utilities readily available for easy hookup.
    (903) 454-2824
    We can help!
    Listing Contact
    Ashley Hammons
    Ashley Hammons
    Real Estate License ID: 0615230
    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!