Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Marshall, TX Title is generated by Realmo AI

    Morton & Pemberton Lot, Marshall, TX 75670

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Marshall, TX

    Lot size:
    0.30 Acres
    Added:
    May 4, 2026
    Days on Market:
    32
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for Morton & Pemberton Lot

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Wooded
    Standard status
    Pending
    APN
    R000001199
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    Acres 0.304, Lot 3 & 14, Blk 6, Subd WILEYVIEW 2ND

    We can help!

    Listing Contact
    Scott Nolan
    Scott Nolan

    Listing agent Scott Nolan License #0664513

    Listing office Nolan Properties LLC Longview, TX

    Listing date May 4, 2026

    MLS# 21212287 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

    • Large 60'x220' lot in a quiet, established neighborhood.
    • City water and sewer readily available on a paved city street.
    • Convenient location on the edge of town, just inside the loop.
    • Zoned R2‑Single Family Residential, allowing for a minimum 1,500 sq ft home.
    • Beautiful mature trees providing shade and charm.
    • Owner financing available and low property taxes.

    Overview

    This 0.3-acre lot, measuring 60'x220', is located in an established neighborhood in Marshall, TX, just inside the loop on the edge of town. The property benefits from city amenities, with city water and sewer readily available, and is situated on a paved city street. The lot features mature trees. Zoned R2-Single Family Residential, the property allows for a minimum 1,500 sq ft home with specific setback and placement requirements, as well as the inclusion of two parking spaces. The City Planner for Marshall is available for assistance with building guidelines. This property is an excellent investment for those seeking a peaceful location to create their ideal residence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Marshall
    County
    Harrison
    State
    Texas
    Longitude
    -94.3883828
    Latitude
    32.5352399

    Nearby Similar for Sale

    • $625,000

      Warehouse with Office and Yard

      Metal warehouse with six 14-foot bay doors, insulated interior, and finished office for equipment storage or light industrial operations.
      5947 Hwy 59 N, Marshall, TX 75670
      View Details
    • $169,000

      Commercial Property in High-Traffic Location

      Versatile commercial property with high visibility and accessibility in Marshall.
      2001 E Grand Ave., Marshall, TX 75672
      View Details
    • $1,650,000

      Specialty Commercial Property For Sale

      For-sale specialty commercial parcel on approximately 10 acres in Marshall, Texas, offering flexible space for a range of uses.
      5661 E FM 2625, Marshall, TX 75672
      View Details
    • $639,500

      Hunting Land with Creek Border

      Nearly 160 acres offer a build-ready front homesite area and year-round hunting potential with a creek at the rear.
      FM 3001 W, Marshall, TX 75670
      View Details
    • $639,500

      Hunting and Homesite Acreage

      Large East Texas tract with substantial FM frontage, build-ready frontage acreage, and creek-side hunting access.
      FM 3001 W, Marshall, TX 75670
      View Details
    • $200,000

      Industrial Warehouse For Sale

      For-sale warehouse property on a 3-acre lot in Marshall, Texas, suited for practical storage and industrial use.
      3213 Blocker, Marshall, TX 75672
      View Details
    • $529,000

      115+ Acres Wooded Land, Marsh

      115+ acres wooded land near Marshall, TX, ideal for recreation.
      FM 3001, Marshall, TX 75670
      View Details
    • $115,681

      Recreational Hunting Land Tract

      Wooded East Texas land with creeks offers flexible outdoor use and convenient access to major routes.
      Blocker Road, Marshall, TX 75672
      View Details
    • $149,000

      Timber Hunting Tract with Creek

      A 38-acre pine timber parcel with interior access and a seasonal creek, suited for a home site and hunting.
      Jewell Gooch Road, Marshall, TX 75670
      View Details
    • $917,163

      Riverfront Hunting and Fishing Land

      Enjoy year-round hunting and fishing with Sabine River frontage and highway access for convenient, internal use.
      Hwy 59, Marshall, TX 75672
      View Details
    • $580,000
      1,800 SF

      Undeveloped Land in Marshall, Texas

      73.925 acres of undeveloped land with frontage and rental income.
      697 Airlite, Marshall, TX 75670
      View Details
    • $450,000

      Former Nursing Facility on 27 Acres

      Redevelopment opportunity: former 50-bed nursing facility on 27 acres.
      7470 State HWY 154, Marshall, TX 75670
      View Details

    FAQs

    What type of property is this?
    Land - 60'x220' lot for residential construction with city utilities.
    Where is this land located?
    The property is located at Morton & Pemberton Lot Marshall, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large 60'x220' lot in a quiet, established neighborhood.; City water and sewer readily available on a paved city street.; Convenient location on the edge of town, just inside the loop.
    (903) 738-5636
    We can help!
    Listing Contact
    Scott Nolan
    Scott Nolan
    Real Estate License ID: 0664513
    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
    Morton & Pemberton Lot, Marshall, TX 75670
    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!