Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tbd 2.8 Ac North Point Pleasant Rd Gladewater, TX 75647

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Acreage - Gladewater, TX

    Lot size:
    2.80 Acres
    Added:
    Sep 12, 2021
    Days on Market:
    1696
    Last Refresh:
    May 4 at 8:06 am

    Property Features for Tbd 2.8 Ac North Point Pleasant Rd

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    454

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Norris

    Listing agent Ben Norris

    Listing office Norris Real Estate 704 Cherokee St, Longview, TX

    Listing date Sep 12, 2021

    MLS# 20215161 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

    Cleared Land in Union Grove

    This property features 2.8 acres of cleared land located within the Union Grove Independent School District. The land is ready for construction. A tank battery is located on the property, and some encumbrances exist. The property is located on North Point Pleasant Road in Gladewater, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gladewater
    County
    Gregg
    State
    Texas
    Longitude
    -94.907182
    Latitude
    32.5664496

    Nearby Similar for Sale

    • $449,995

      Expansive Building in Gladewater, Texas

      29,000 sqft building suitable for various commercial uses.
      401 & 501 W Upshur Ave, Gladewater, TX 75647
      View Details
    • $795,000

      Turnkey Church and Fellowship Hall

      Fully furnished church and hall on main highway near I-20.
      5805 HWY 135, Gladewater, TX 75647
      View Details
    • $299,900

      Modern Commercial Building with Unique Amenities

      2,375 SF commercial building with modern amenities in Gladewater, TX.
      819 N Main Street, Gladewater, TX 75647
      View Details
    • $350,000

      Commercial Space with Apartment

      Large commercial space with downstairs rooms and upstairs apartment.
      215 E Pacific, Gladewater, TX 75647
      View Details
    • $185,000

      Picturesque Land Near Lake Gladewater

      14.89 acres near Lake Gladewater with development potential.
      1532 Phillips Springs Road, Gladewater, TX 75647
      View Details
    • $155,000

      Versatile Commercial Building on Acreage

      Commercial building on 2.93 acres in Gladewater, Texas.
      150 PR 3367, Gladewater, TX 75647
      View Details
    • $75,000

      Lake Gladewater Estates Acreage

      2.35 acre tract in established Lake Gladewater Estates community.
      Lots 9-11 Lake Gladewater Rd, Gladewater, TX 75647
      View Details
    • $199,900

      High-Traffic Commercial Location

      Prime business location in Gladewater, suitable for various ventures.
      821 N Main St, Gladewater, TX 75647
      View Details
    • $39,900

      Residential Lot Near Lake Gladewater

      Half-acre residential lot near Lake Gladewater, Union Grove ISD.
      TBD Lot 2 E Lake Dr, Gladewater, TX 75647
      View Details
    • $150,000

      Waterfront Lot on Gladewater Lake

      0.80 acre waterfront lot with utilities in place.
      656 N Lake Dr, Gladewater, TX 75647
      View Details
    • $129,000

      Texas Land with Timber Potential

      11.62 acres of land near Gladewater, TX, with utilities.
      Tbd-8 Hwy 271, Gladewater, TX 75647
      View Details
    • $39,900

      Residential Lot Near Lake Gladewater

      Half-acre residential lot near Lake Gladewater in Union Grove ISD.
      TBD Lot 1 E Lake Dr, Gladewater, TX 75647
      View Details

    FAQs

    What type of property is this?
    Land - 2.8 acres of cleared land ready for building.
    Where is this land located?
    The property is located at Tbd 2.8 Ac North Point Pleasant Rd Gladewater, 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: 2.8 Acres of Land; Located in Union Grove ISD; Cleared Land, ready to build on
    (903) 738-9409
    We can help!
    Listing Contact
    Ben Norris
    Real Estate License ID: 0668234
    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

    Thank You for Inquiry

    Tbd 2.8 Ac North Point Pleasant Rd, Gladewater, TX 75647

    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!