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

    Tbd HWY 997 Daingerfield, TX 75638

    View on Map
    For Sale
    $34,900

    Lot - Daingerfield, TX

    Lot size:
    0.40 Acres
    Added:
    Jan 2, 2026
    Days on Market:
    89
    Last Refresh:
    Apr 1 at 8:06 pm

    Property Features for Tbd HWY 997

    General Information

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

    Taxes and HOA fees

    TaxAnnualAmount
    354.69

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bree Shimpock

    Listing agent Bree Shimpock

    Listing office Texas Real Estate Executives, The Daniels Group - Gilmer 117 Simpson, GILMER, TX

    Listing date Jan 2, 2026

    MLS# 20260028 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.

    Overview

    Vacant Land in Jenkins Area

    This 0.402-acre tract of vacant land is located in the Jenkins area along FM 997, between Daingerfield and Lone Star. The property was once the site of a small store, adding character and potential. It is suitable for building a home, constructing a shop, or investment. The location offers a peaceful country setting with convenient access to nearby towns. Buyers are encouraged to verify the availability of all utilities. Property restrictions include no mobile homes, and mineral rights are reserved. The land is located near Lone Star Lake (Ellison Creek Reservoir), approximately two hours from the DFW area and about one hour from Shreveport. It is an ideal location for a weekend retreat or permanent residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Daingerfield
    County
    Morris
    State
    Texas
    Longitude
    -94.7384
    Latitude
    33.0336

    Nearby Similar for Sale

    • $189,900

      Historic Church on High-Traffic Corridor

      Historic Daingerfield church with commercial/residential zoning and high visibility.
      307 Broadnax Street, Daingerfield, TX 75638
      View Details
    • $235,000

      Established Salon Storefront on Corner

      Turnkey beauty shop on a highly visible corner lot.
      112 N Lamar Street, Daingerfield, TX 75638
      View Details
    • $56,000

      Daingerfield Acreage with Slab

      4+ acres with slab, carport, and hunting blind.
      282 County Rd 1100, Daingerfield, TX 75638
      View Details
    • $295,000

      East Texas Timberland Investment Tract

      48 acres of productive timberland near Daingerfield, Texas.
      00 Fm-144, Daingerfield, TX 75638
      View Details
    • $159,900

      Waterfront Lot on Lone Star

      Waterfront lot on Lone Star Lake, build your dream home!
      91 COUNTY ROAD 2223, Daingerfield, TX 75638
      View Details
    • $85,000

      Heavily Wooded Acreage in Daingerfield

      11+ acre tract with existing home and storage buildings.
      834 County Road 1225, Daingerfield, TX 75638
      View Details
    • $99,995

      Secluded Wooded Retreat in Daingerfield, TX

      8-acre wooded property with campsite, camper, and electricity.
      000 County Road 4105, Daingerfield, TX 75638
      View Details
    • $354,000

      Residential Rental Properties Bundle

      Four well-maintained, occupied residential rental properties for sale.
      124 Willis Drive, Daingerfield, TX 75638
      View Details
    • $74,900

      Daingerfield Acreage Ready For Home

      4.93-acre tract near Ellison Creek Reservoir, ideal for dream home.
      99 COUNTY ROAD 2225, Daingerfield, TX 75638
      View Details
    • $36,000

      2.55 Acres Wooded Residential Land

      2.55 wooded acres suitable for single-family residential homes.
      Tbd Jefferson St, Daingerfield, TX 75638
      View Details
    • $100,000

      13.5 Acre Land Parcel

      Spacious 13.5 acre tract near Daingerfield, Texas.
      234 County Road 2238, Daingerfield, TX 75638
      View Details
    • $319,900

      Lakefront Acreage on Lone Star Lake

      Rare 4.33-acre lakefront property on Lone Star Lake.
      Tbd FM 997, Daingerfield, TX 75638
      View Details

    FAQs

    What type of property is this?
    Commercial land - Half-acre vacant land in a peaceful country setting.
    Where is this commercial land located?
    The property is located at Tbd HWY 997 Daingerfield, TX.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: Half‑acre vacant land in the desirable Jenkins area.; Conveniently located between Daingerfield and Lone Star on FM 997.; Peaceful country setting **suitable for building a home or shop.**
    (903) 680-4663
    We can help!
    Listing Contact
    Bree Shimpock
    Real Estate License ID: 0692183
    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!