Your AI Navigator in Commercial Real Estate
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

    616 Belgian St E/SID Gilmer, TX 75645

    Sponsored
    For Sale
    $80,000

    Lot - Gilmer, TX

    Lot size:
    4.03 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 18 at 6:06 pm

    Property Features for 616 Belgian St E/SID

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    None
    Lot size
    4.03 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robin McCubbin

    Julie Woods & Associates Real Estate Firm (903) 212-2896 [email protected]

    Listing agent Robin McCubbin (903) 587-5373

    Listing date Jan 16, 2026

    MLS# 20260336 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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Putman Farms

    This 4.03 acre corner lot is located in the Putman Farms subdivision. The property is surrounded by mature trees and offers views and privacy. It is suitable for building a homestead or as an investment. Farm animals are permitted, and deed restrictions are in place to maintain the neighborhood's quality. The property is located 10 minutes from Longview and Diana, and 15 minutes from Gilmer. An HOA is in place to maintain the community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Gym & Fitness Hotel & Motel Kitchen & Bath Auto Repair Shop Computer & Electronic Repair Discount Store Bed & Breakfast Plumbing Service Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilmer
    County
    Upshur
    State
    Texas
    Longitude
    -94.9896
    Latitude
    32.7226

    Nearby Similar for Sale

    • New
      $2,900,000
      20,000 SF

      Versatile Commercial Property on Highway

      Expansive commercial property on 4.22 acres with highway frontage.
      1088 Us Highway 271, Gilmer, TX 75644
      View Details
    • $599,000
      77.99 Acres

      Upshur County Ranch Ready for Livestock

      77.988-acre ranch in Gilmer, Texas, ready for livestock production.
      7981 Arrowwood Rd, Gilmer, TX 75644
      View Details
    • $779,000
      3,817 SF

      Multi-Generational Homes on Landscaped Acres

      Two homes on 14 acres with pool, shop, and solar.
      1879 Fig Rd, Gilmer, TX 75644
      View Details
    • $1,100,000
      125.00 Acres

      Upshur County Ranch with Pond

      126-acre East Texas ranch featuring a hidden pond and improvements.
      8124 Locust Rd, Gilmer, TX 75645
      View Details
    • $995,000
      3,655 SF

      Southern Gothic Farmhouse on Sprawling Acres

      Enchanting farmhouse with modern versatility on nearly 12 acres.
      1546 Paw Paw Rd, Gilmer, TX 75645
      View Details
    • $599,000
      77.99 Acres

      77+ Acre Ranch Near Gilmer

      Turnkey East Texas ranch ready for livestock and recreation.
      7981 Arrowwood Rd, Gilmer, TX 75644
      View Details
    • $545,000
      9.50 Acres

      Versatile Commercial Property in Gilmer

      Commercial property with multiple buildings and development potential.
      6761 State Highway 154, Gilmer, TX 75644
      View Details
    • $474,000
      45.20 Acres

      Expansive Land Parcel in Gilmer

      45.2-acre property ideal for ranching, agriculture, or development.
      5590 Collie Rd, Gilmer, TX 75644
      View Details
    • $299,000
      3,200 SF

      Commercial Property on Highway 271

      Commercial property on Highway 271 in Gilmer, Texas.
      9108 N Us Highway 271, Gilmer, TX 75644
      View Details
    • $299,000
      6.60 Acres

      Highway 271 Commercial Property

      Commercial property on Highway 271 in Gilmer, Texas.
      9108 N Us Highway 271, Gilmer, TX 75644
      View Details
    • $975,000
      11.77 Acres

      East Texas Event Center

      Event center with chapel, pond, cabin, and farmhouse on 12-acres.
      1546 Paw Paw Rd, Gilmer, TX 75645
      View Details
    • $230,000
      27.02 Acres

      27 Acres Ready For Ventures

      27 acres ideal for homestead, recreation, business, or RV park.
      10222 Us Highway 271 N, Gilmer, TX 75644
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.03 acre corner lot perfect for building your dream home.
    Where is this residential land & home lot located?
    The property is located at 616 Belgian St E/SID Gilmer, TX.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Large 4.03 acre corner lot offers space and potential.; - Conveniently located 10-15 minutes from multiple towns (Longview, Diana, Gilmer).; - Farm animals are welcome, providing homesteading opportunities.
    (903) 587-5373
    Request Owner's contact information
    616 Belgian St E/SID Gilmer, TX 75645
    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.
    616 Belgian St E/SID
    Gilmer, TX 75645
    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
    616 Belgian St E/SID Gilmer, TX 75645
    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
    Robin McCubbin
    (903) 587-5373
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.