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

    Lot 80 FM 904 S Pecan Gap, TX 75469

    View on Map
    Claim this Listing
    For Sale
    $70,000

    Unimproved Land - Pecan Gap, TX

    Type:Unimproved Land
    Lot size:
    6.96 Acres
    Added:
    Jan 16, 2026
    Days on Market:
    93
    Last Refresh:
    Apr 19 at 12:06 pm

    Property Features for Lot 80 FM 904 S

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    11555
    Lot size
    6.96 Acres

    Taxes and HOA fees

    Expense value
    600
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Casey Woodall
    Casey Woodall

    Listing agent Casey Woodall License #0661266

    Listing office Century 21 First Group 2500 IH 30, Sulphur Springs, TX

    Listing date Jan 16, 2026

    MLS# 21004275 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

    Pecan Gap Unimproved Land

    This almost 7-acre lot is located in Pecan Gap, Texas, and presents a potential building site. Situated in Pecan Creek Ranch, the property is located approximately 10 minutes from Commerce, TX. Utilities are in place on the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pecan Gap
    County
    Delta
    State
    Texas
    Longitude
    -95.858925
    Latitude
    33.3738762

    Nearby Similar for Sale

    • $747,825

      Land with Income Potential

      115.05 acres of income-producing land near Pecan Gap, TX.
      000 CR 3140, Pecan Gap, TX 75469
      View Details
    • $110,000

      Pecan Gap Unimproved Land Parcel

      Three acre parcel in Pecan Creek Ranch community.
      Lot 39 FM 904 S, Pecan Gap, TX 75469
      View Details
    • $599,000
      896 SF

      51+ Acre Ranch with Cabin

      51+ acre ranch with cabin near Cooper and Bois D'arc Lakes.
      50 County Road 3400, Pecan Gap, TX 75469
      View Details
    • $45,000

      3-Acre Lot in Pecan Gap

      Unimproved 3-acre lot with established utilities near Commerce, TX.
      Lot 9 County Line Road, Pecan Gap, TX 75469
      View Details
    • $70,000

      Pecan Gap Unimproved Land

      4.2 acre lot with building potential near Commerce, TX.
      1625 Fm 904 S, Pecan Gap, TX 75469
      View Details
    • $120,000

      Pecan Gap Dream Lot

      4.01 acre lot in Pecan Gap, TX.
      Lot 34 FM 904, Pecan Gap, TX 75469
      View Details
    • $119,500

      Cleared Land Near Pecan Gap

      11 acres of cleared land ideal for homesteading or investment.
      2497 county road 3320, Pecan Gap, TX 75469
      View Details
    • $135,000

      Cleared Land Near Pecan Gap

      11 acres of cleared land ideal for homestead or investment.
      2497 county road 3320, Pecan Gap, TX 75469
      View Details
    • $45,000

      Land in Pecan Gap, TX

      2.975 acres of land in Delta County.
      0000 FM 1533, Pecan Gap, TX 75432
      View Details
    • $135,000

      Cleared Land Near Pecan Gap

      11 acres of cleared land ideal for homestead or investment.
      2497 county road 3320, Pecan Gap, TX 75469
      View Details
    • $125,000

      Cleared Land Near Pecan Gap

      10 acres of cleared land ideal for homesteading or investment.
      2497 county road 3320, Pecan Gap, TX 75469
      View Details
    • $129,000

      Unrestricted Land Near Pecan Gap

      9.304 acres of unrestricted land suitable for various uses.
      Tbd County Road 2200, Pecan Gap, TX 75469
      View Details

    FAQs

    What type of property is this?
    Commercial land - Almost 7-acre lot, ideal building site near Commerce, TX.
    Where is this commercial land located?
    The property is located at Lot 80 FM 904 S Pecan Gap, TX.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Large 7‑acre lot suitable for building.; Located in Pecan Creek Ranch.; Utilities are already in place.
    (903) 885-3146
    We can help!
    Listing Contact
    Casey Woodall
    Casey Woodall
    Real Estate License ID: 0661266
    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!