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

    Tbd Lot 1 COUNTY ROAD 24960 Brookston, TX 75421

    View on Map
    Claim this Listing
    For Sale
    $49,900

    Improved Land - Brookston, TX

    Lot size:
    2.12 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 16 at 10:06 pm

    Property Features for Tbd Lot 1 COUNTY ROAD 24960

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    132456
    Lot size
    2.12 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Meagen Smith
    Meagen Smith

    Listing agent Meagen Smith License #0679901

    Listing office Hygge Homes and Land 122 Bonham St, Paris, TX

    Listing date Apr 1, 2026

    MLS# 21133714 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

    Brookston, TX Land For Sale

    This 2.121-acre corner lot is located in Brookston, TX, within the Chisum Independent School District. The property offers utilities that are available and ready for development. The corner location provides flexibility for home placement, access, and privacy. This tract of land is suited for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookston
    County
    Lamar
    State
    Texas
    Longitude
    -95.709654
    Latitude
    33.6356

    Nearby Similar for Sale

    • $1,145,000

      Highway Frontage Commercial Property

      Newly completed commercial property with office-warehouse space and highway frontage.
      12999 US HWY 82 W, Brookston, TX 75421
      View Details
    • $418,500

      60+ Acre Ranch in Brookston

      Improved land with utilities, ponds, and agricultural features.
      Parcel 401073 CR 23900, Brookston, TX 75421
      View Details
    • $6,063,000

      Texas Ranch on 509 Acres

      Turnkey ranching property with ponds, barns, and a barndo.
      00 Hwy 82, Brookston, TX 75421
      View Details
    • $589,000

      49 Acres Near Brookston Loop

      49+ acre property with pastures, woods, ponds, and shop.
      1602 Farm Road 1510, Brookston, TX 75421
      View Details
    • $506,508

      Expansive Land Tract in Brookston

      42.2-acre tract ready for residential development in Sumner, Texas.
      3418 Farm Road 38, Brookston, TX 75421
      View Details
    • $49,900

      Land in Chisum ISD

      2.037-acre corner lot in Brookston, TX, ready for development.
      Tbd Lot 2 COUNTY ROAD 24960, Brookston, TX 75421
      View Details
    • $49,900

      Brookston, TX Land For Sale

      2.032-acre corner lot in Chisum ISD, utilities available.
      Tbd Lot 3 COUNTY ROAD 24960, Brookston, TX 75421
      View Details
    • $469,900

      Unrestricted Land in Brookston, Texas

      67.688-acre property perfect for farming, recreation, or development.
      Tbd COUNTY ROAD 23900, Brookston, TX 75421
      View Details
    • $1,245,000
      1,520 SF

      Secluded Farm/Ranch with Custom Home

      120+ acre farm/ranch featuring a custom-built home.
      1498 County Road 24800, Brookston, TX 75421
      View Details
    • $1,086,875

      185 Acres of Brookston Farmland

      185-acre farm in Brookston, TX, ideal for farming, cattle, recreation.
      0 County Road 23900, Brookston, TX 75421
      View Details
    • $299,900

      30 Acres in Brookston, Texas

      30-acre property with utilities, creek, and elevated views.
      Tbd County Road 24960, Brookston, TX 75421
      View Details
    • $5,928,684

      Texas Ranch Land For Sale

      494-acre Texas ranch land with utilities and highway access.
      Tbd US-82, Brookston, TX 75421
      View Details

    FAQs

    What type of property is this?
    Land - 2.121-acre corner lot in Chisum ISD with utilities available.
    Where is this land located?
    The property is located at Tbd Lot 1 COUNTY ROAD 24960 Brookston, TX.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Large 2.121‑acre corner lot ideal for building a custom home.; Located in the highly desirable Chisum ISD.; Utilities are available and ready for development.
    (903) 609-2050
    We can help!
    Listing Contact
    Meagen Smith
    Meagen Smith
    Real Estate License ID: 0679901
    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!