Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Murchison Land For Sale Title is generated by Realmo AI

    Tbd-3 Cottonwood Lane, Murchison, TX 75778

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Unimproved Land - Murchison, TX

    Type:Unimproved Land
    Lot size:
    0.21 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    54
    Last Refresh:
    May 10 at 8:06 pm

    Property Features for Tbd-3 Cottonwood Lane

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000034201
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Expense value
    125
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Luke Hicks Jr.

    Listing agent Luke Hicks Jr. License #0838009

    Listing office Monument Realty 3620 Star Blvd. Suite 1205, Frisco, TX

    Listing date Mar 18, 2026

    MLS# 21069508 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

    • Three side‑by‑side lots being sold together offer significant development potential.
    • Single‑family residences are permitted.
    • Utilities are available at the street.
    • Lots are outside of the FEMA flood zone.
    • RVs are permitted for temporary use (up to 30 days).
    • HOA restrictions and by‑laws information is available.

    Overview

    Three side-by-side lots are available for sale. The seller prefers to sell all lots together. Utilities are located at the street, and meters would need to be installed on each property. Single-family residences are permitted for construction. RVs are allowed, but only for temporary stays within a 30-day period. HOA restrictions and by-laws are available in the transaction desk. According to FEMA Flood Maps, the lots are outside of the flood zone. The total lot size is 0.206 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Pharmacy Department Store Kitchen & Bath Showroom Discount Store Electronics & Wireless Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murchison
    County
    Henderson
    State
    Texas
    Longitude
    -95.703111
    Latitude
    32.369681

    Nearby Similar for Sale

    • $465,000
      1,154 SF

      Murchison Farmhouse on 48+ Acres

      Farmhouse on 48.64 acres with pasture, woods, creek, and pond.
      10142 FM 773, Murchison, TX 75778
      View Details
    • $1,400,000
      1,980 SF

      Murchison Acreage with Custom Home

      119.5 acres with a meticulously designed steel-frame home.
      10769 CR 3519, Murchison, TX 75778
      View Details
    • $79,500

      Waterfront Land in Gated Community

      Waterfront lots with utilities in a gated community.
      108 Cottonwood Lane, Murchison, TX 75778
      View Details
    • $2,650,000
      1,776 SF

      East Texas Ranch Retreat

      245+ acre East Texas ranch with lakes and homes.
      7601 CR 3700, Murchison, TX 75778
      View Details
    • $31,500

      Heavily Wooded Lots Near Lake

      Three wooded lots in gated community with lake access.
      000 Woodcreek Drive, Murchison, TX 75778
      View Details
    • $99,000

      Callender Lake Triple Lot Parcel

      0.8 acre triple-lot in gated Callender Lake community.
      105 & 119 Huntley Creek, Murchison, TX 75778
      View Details
    • $52,350

      Murchison Land in Gated Community

      3.349 acres in Echo Creek Country Club, Murchison, TX.
      Tbd Lot 84r LLoyd Drive, Murchison, TX 75778
      View Details
    • $37,965

      Murchison, TX Unimproved Land

      2.531 acres in Echo Creek Country Club.
      Tbd Lot 75r Lloyd Drive, Murchison, TX 75778
      View Details
    • $29,000

      Land with Lake View

      Two lots totaling 0.35 acres with lake view.
      175 North Lake Drive, Murchison, TX 75778
      View Details
    • $90,000

      Murchison Land with Utilities

      6+ acres with utilities, woods, and no restrictions.
      6902 Stella Street, Murchison, TX 75778
      View Details
    • $1,400,000

      Murchison Ranch with Guest House

      119.5-acre ranch featuring a custom home and guest house.
      10769 County Road 3519, Murchison, TX 75778
      View Details
    • $129,885

      Prime Acreage in Gated Community

      8.659 acres in Echo Creek Country Club, Murchison, TX.
      Tbd Lot 79r LLOYD Drive, Murchison, TX 75778
      View Details

    FAQs

    What type of property is this?
    Land - Three side-by-side lots for sale in Murchison, TX.
    Where is this land located?
    The property is located at Tbd-3 Cottonwood Lane Murchison, 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: Three side‑by‑side lots being sold together offer **significant development potential**.; Single‑family residences are permitted.; Utilities are available at the street.
    (214) 705-7827
    We can help!
    Listing Contact
    Luke Hicks Jr.
    Real Estate License ID: 0838009
    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-3 Cottonwood Lane, Murchison, TX 75778
    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!