Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared 10-Acre Tract Near Carthage Title is generated by Realmo AI

    CR 104 PR 5042, Carthage, TX 75633

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Carthage, TX

    Lot size:
    10.00 Acres
    Added:
    Feb 3, 2026
    Days on Market:
    123
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for CR 104 PR 5042

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    10.00 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Peggy Pope

    Listing agent Peggy Pope License #0713675

    Listing office Scarborough Realty Group TX -Carthage 110 E Sabine, Longview, TX

    Listing date Feb 3, 2026

    MLS# 20260728 Listing URL

    Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10‑acre tract of land.
    • Convenient location less than 3 miles outside Carthage.
    • Easy access to town, Henderson, and Lake Murvaul via Hwy 79S and Hwy 315.
    • Cleared land ready for building.
    • Suitable for a new build or newer mobile home.
    • Fenced property.

    Overview

    This 10-acre tract is located less than 3 miles outside of Carthage, Texas. Situated between Hwy 79S and Hwy 315, the property offers convenient access to town, Henderson, and Lake Murvaul. The land has been cleared and is suitable for new construction or a newer mobile home.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Carthage
    County
    Panola
    State
    Texas
    Longitude
    -94.331
    Latitude
    32.1446

    Nearby Similar for Sale

    • $189,000
      4,000 SF

      Carthage Commercial Property with Renovated Offices

      Shop with renovated offices on 4.5 acres near Carthage.
      5302 US Hwy 59 S, Carthage, TX 75633
      View Details
    • $1,150,000

      Carthage Commercial Property on Highway

      Large construction yard with offices and shop buildings on 16.02 acres.
      2617 HWY 79, Carthage, TX 75633
      View Details
    • $1,497,500
      1,500 SF

      Prime Commercial Land, Carthage, TX

      7+ acres at proposed I-69/Hwy 59 corner. Development potential.
      1024 US HWY 59 N, Carthage, TX 75633
      View Details
    • $895,000
      6,808 SF

      Carthage Commercial Property For Sale

      Commercial property in Carthage, TX, featuring office and warehouse space.
      3466 SW Loop, Carthage, TX 75633
      View Details
    • $1,497,500

      Veterinary Medical Facility with Land

      Established veterinary clinic with specialized animal areas and expansion space on major corner frontage for sale or leaseback.
      1024 N US HWY 59, Carthage, TX 75633
      View Details
    • $2,615,000

      Ranch with Stocked Lake & Timber

      A private Panola County ranch with a stocked lake, reliable water sources, and custom home amenities for recreational and long-term use.
      2365 CR 152, Carthage, TX 75633
      View Details
    • $639,900
      5,652 SF

      Commercial Space in Carthage, TX

      5652 SF commercial space suitable for restaurant or retail.
      1315 W Panola, Carthage, TX 75633
      View Details
    • $1,950,000

      Recreation Land with Hunting Lodge

      712-acre property features a furnished lodge, turnkey hunting blinds, and significant wetland habitat near major waterfowl activity.
      County Rd 401, Carthage, TX 75633
      View Details
    • $129,000

      Commercial Building in Carthage, TX

      Retail store with garage bays and storage room.
      301 W Panola, Carthage, TX 75633
      View Details
    • $307,160

      Prime 43-Acre Development Tract

      43 acres with commercial and residential development potential.
      888 CR 201, Carthage, TX 75633
      View Details

    FAQs

    What type of property is this?
    Land - 10 acres ready for building near Carthage, Texas.
    Where is this land located?
    The property is located at CR 104 PR 5042 Carthage, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: 10‑acre tract of land.; Convenient location less than 3 miles outside Carthage.; Easy access to town, Henderson, and Lake Murvaul via Hwy 79S and Hwy 315.
    (903) 399-4148
    We can help!
    Listing Contact
    Peggy Pope
    Real Estate License ID: 0713675
    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

    Thank You for Inquiry
    CR 104 PR 5042, Carthage, TX 75633
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!