Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tbd Fm 2339 Murchison, TX 75778

    Sponsored
    For Sale
    $370,000

    Unimproved Land - Murchison, TX

    Type:Unimproved Land
    Lot size:
    37.32 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 25 at 2:06 am

    Property Features for Tbd Fm 2339

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    33434
    Lot size
    37.32 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Marshall

    Drake Real Estate & Investment (903) 581-3737

    Listing agent Matthew Marshall (903) 581-3737 License #0544812

    Listing date Feb 20, 2026

    MLS# 21185788 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.

    Learn more

    Overview

    Murchison Land with FM 2339 Frontage

    This 37-acre property is located on FM 2339 in Murchison, Texas. It consists of a primary 36-acre tract and an additional 1-acre tract across FM 2339. The land is suitable for homesite development, recreation, livestock, or investment. Approximately 70% of the land is open pasture, suitable for grazing or future improvements. The remaining 30% is wooded with mature trees, providing shade, privacy, and wildlife habitat. The mix of open and wooded terrain creates an ideal setting for a private ranch, weekend retreat, or future homestead. The property has FM road frontage and a rural setting, providing easy access to the countryside. This acreage offers possibilities for building, running livestock, or investment in East Texas land.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Murchison
    County
    Henderson
    State
    Texas
    Longitude
    -95.71719505
    Latitude
    32.35838364

    Nearby Similar for Sale

    • $1,480,000
      1,980 SF

      Murchison Farm/Ranch on 119 Acres

      Custom-built home on 119 acres perfect for farming/ranching.
      10769 Cr 3519, Murchison, TX 75778
      View Details
    • $1,480,000
      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
    • $1,480,000
      119.54 Acres

      Murchison Ranch with Custom Home

      119+ acre ranch featuring custom home and guest house.
      10769 County Road 3519, Murchison, TX 75778
      View Details
    • $485,000
      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
    • $4,900,000
      82,500 SF

      Texas Warehouse: 82,500 SF

      Prime Murchison industrial warehouse, 7 acres
      4161 Country Rd 3911, Murchison, TX 75752
      View Details
    • $600,000
      10,371 SF

      Murchison Retail Center - Hwy 31

      High-visibility retail center, prime location.
      6421 State Highway 31, Murchison, TX 75778
      View Details
    • Contact for pricing
      1,536 SF

      Lake View Doublewide on Corner

      2021 doublewide with lake view, four bedrooms, corner lot.
      129 E Elm Dr, Murchison, TX 75778
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 37 acres of pasture and timber in Murchison, Texas.
    Where is this agricultural land located?
    The property is located at Tbd Fm 2339 Murchison, TX.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: - 1. 37± Acres of Versatile Land: Suitable for homesite development, recreation, livestock, or investment.; - Mix of Open Pasture and Timber: Approximately 70% open pasture, 30% wooded.; - Convenient FM Road Frontage: Easy access in a rural setting.
    (903) 581-3737
    Request Owner's contact information
    Tbd Fm 2339 Murchison, TX 75778
    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.
    Tbd Fm 2339
    Murchison, TX 75778
    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
    Tbd Fm 2339 Murchison, TX 75778
    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

    We can help!
    Listing Contact
    Matthew Marshall
    Real Estate License ID: 0544812
    (903) 581-3737 (903) 443-5894 (321) 956-6001
    Learn more
    Google sign-in failed. Please try again or use another login method.