Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Nocona, TX Title is generated by Realmo AI

    0 E Locust Street, Nocona, TX 76255

    View on Map
    Claim this Listing
    For Sale
    $110,000

    Unimproved Land - Nocona, TX

    Type:Unimproved Land
    Lot size:
    1.20 Acres
    Added:
    Oct 15, 2025
    Days on Market:
    221
    Last Refresh:
    May 23 at 9:06 pm

    Property Features for 0 E Locust Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000004633
    Lot size
    1.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Fenoglio

    Listing agent Matthew Fenoglio License #0655903

    Listing office Superior Land & Homes LLC 206 W Hwy 82, Nocona, TX

    Listing date Oct 15, 2025

    MLS# 20760255 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.

    HighLights

    • 1.20 acre lot within city limits
    • Access to city water and sewer
    • Natural gas and electric available
    • Suitable for building a home
    • Located in a quiet residential area
    • Tract 5

    Overview

    This is a 1.20-acre lot situated within the city limits of Nocona. The property, identified as Tract 5, is located in a quiet residential area and is suitable for building a home. It benefits from access to city-provided utilities, including water, sewer, natural gas, and electricity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Nocona
    County
    Montague
    State
    Texas
    Longitude
    -97.721586
    Latitude
    33.795429

    Nearby Similar for Sale

    • $600,000

      Downtown Nocona Office Building For Sale

      Versatile office building in downtown Nocona, ideal for various businesses.
      201 Clay Street, Nocona, TX 76255
      View Details
    • $975,000
      2,553 SF

      Nocona Ranch with Panoramic Views

      Stunning 40-acre ranch featuring a custom-built home and abundant wildlife.
      2930 N Greenbrier Road, Nocona, TX 76255
      View Details
    • $850,000
      2,938 SF

      Nocona Ranch with Custom Log Home

      26.8-acre ranch featuring a custom log home and equestrian facilities.
      4179 Rock Springs School Road, Nocona, TX 76255
      View Details
    • $755,000
      2,128 SF

      Nocona Ranch with Spacious Home

      40-acre ranch featuring a 2,128 sq ft home.
      381 W Mccool Road, Nocona, TX 76255
      View Details
    • $859,999
      1,914 SF

      Nocona Ranch with Modern Comforts

      34-acre ranch featuring updated home, pool, and shop.
      978 Longbranch Road, Nocona, TX 76255
      View Details
    • $876,000

      Waterfront Land with Lake Views

      8.48 acres of waterfront land with commercial potential.
      Lot 2073 Conejos Drive, Nocona, TX 76255
      View Details
    • $650,000
      1,245 SF

      Equestrian Property with Barndominium

      12-acre Texas equestrian property with barndominium and horse barn.
      5543 Gray Road, Nocona, TX 76255
      View Details
    • $800,000

      Productive Land with Updated Farmhouse

      50 acres of productive land with updated farmhouse in Nocona.
      3913 FM 1956, Nocona, TX 76255
      View Details
    • $4,900,000
      4,146 SF

      Nocona Custom Home on Acreage

      Spacious custom home on 178 acres with extensive amenities.
      1080 N Greenbrier Road, Nocona, TX 76255
      View Details
    • $4,900,000
      4,000 SF

      Nocona Ranch with Custom Home

      Spacious custom home on 178 acres near Nocona, Texas.
      1080 N Greenbrier Road, Nocona, TX 76255
      View Details
    • $115,000

      Highway Frontage Land in Nocona

      8.98 acres with highway frontage suitable for commercial/residential use.
      0 W Hwy 82, Nocona, TX 76255
      View Details
    • $524,550

      Nocona Land with Highway Frontage

      26.9 acres with highway frontage, suitable for development or homesite.
      0 W Hwy 82, Nocona, TX 76255
      View Details

    FAQs

    What type of property is this?
    Land - 1.20 acre lot with city utilities access in Nocona.
    Where is this land located?
    The property is located at 0 E Locust Street Nocona, TX.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 1.20 acre lot within city limits; Access to city water and sewer; Natural gas and electric available
    (940) 825-6094
    We can help!
    Listing Contact
    Matthew Fenoglio
    Real Estate License ID: 0655903
    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
    0 E Locust Street, Nocona, TX 76255
    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!