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 N HWY 259 Lone Star, TX 75668

    View on Map
    For Sale
    $874,000

    Acreage - Lone Star, TX

    Lot size:
    172.21 Acres
    Added:
    Sep 5, 2025
    Days on Market:
    210
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for Tbd N HWY 259

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence, None
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    172.21 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    3056.03

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Hydrick
    Lisa Hydrick

    Listing agent Lisa Hydrick

    Listing office Texas Real Estate Executives, The Daniels Group - Gilmer 117 Simpson, GILMER, TX

    Listing date Sep 5, 2025

    MLS# 20256128 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

    Lone Star Acreage with Highway Frontage

    This gorgeous 172.21-acre property is located in Lone Star, Morris County, Texas. The land, currently used for agricultural purposes, offers commercial or residential potential. It features substantial frontage on U.S. Highway 259, presenting opportunities for future development. An internal road provides access throughout the property. Timber growth offers the potential for future income. The city of Lone Star owns a small portion of the acreage where the current water tower is located. Mineral rights are being reserved. Utility easements are in place, and buyers will need to perform due diligence regarding utilities.
    Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Map

    City
    Lone Star
    County
    Morris
    State
    Texas
    Longitude
    -94.7243
    Latitude
    32.9421

    Nearby Similar for Sale

    • $899,900

      Waterfront Retreat on Lone Star

      Unique waterfront property with endless possibilities on Lone Star Lake.
      202 W GERMANY ST, Lone Star, TX 75568
      View Details
    • $599,000

      Unique Property Near Lone Star Lake

      Versatile 8.04-acre property with lake access and expansive structure.
      300 Martin St, Lone Star, TX 75668
      View Details
    • $599,000

      Unique Property Near Lone Star Lake

      Expansive property with endless potential on 8.04 acres.
      300 Martin, Lone Star, TX 75668
      View Details
    • $874,000

      172+ Acres with Highway Frontage

      172+ acres in Morris County with highway frontage.
      TBD N HWY 259, Lone Star, TX 75668
      View Details
    • $255,000

      Lone Star Acreage Opportunity

      42.69 acres in Lone Star, Texas. Endless possibilities.
      Hillcrest Dr, Lone Star, TX 75668
      View Details
    • $84,500

      Secluded Acreage Near Lone Star Lake

      6.33 acres near Lone Star Lake with utilities available.
      Jefferson Street/Lakeshore Dr, Lone Star, TX 75668
      View Details
    • $145,000

      Acreage in Lone Star, TX

      15-acre tract with mature pine trees in East Texas.
      TBD CR 2307 BEASLEY RD, Lone Star, TX 75668
      View Details
    • $99,000

      Secluded Acreage Near Lake O

      14.861 acres suitable for hunting, recreation, or homesite.
      TBD Willow Point Marina Rd, Lone Star, TX 75668
      View Details
    • $284,900

      Lakefront Lot with Boat Dock

      Cleared lakefront lot with boat launch and covered dock.
      4139 & 4141 LAKESHORE DR, Lone Star, TX 75668
      View Details
    • $19,900

      Residential Lot in Lone Star

      0.76 acre lot in Hughes Springs ISD.
      TBD Hillcrest Dr, Lone Star, TX 75668
      View Details
    • $93,900

      Unrestricted Acreage Near Lake O’ Pines

      10.07 acres near Lake O’ the Pines with no restrictions.
      Tbd Willow Point Marina Rd, Lone Star, TX 75668
      View Details

    FAQs

    What type of property is this?
    Land - 172+ acres in Morris County with highway frontage and timber.
    Where is this land located?
    The property is located at Tbd N HWY 259 Lone Star, TX.
    What is the asking price?
    The asking price for this property is $874,000.
    What are key features of this property?
    This property features: 172+ acres of land with commercial or residential potential.; Large U.S. Highway 259 frontage ideal for development.; Current agricultural use with timber growth for future income.
    (903) 680-4663
    We can help!
    Listing Contact
    Lisa Hydrick
    Lisa Hydrick
    Real Estate License ID: 0783842
    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!