Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Homesite Near Pat Mayse Title is generated by Realmo AI

    01 Fm-906 W, Powderly, TX 75473

    View on Map
    Claim this Listing
    For Sale
    $33,900

    LAND - Powderly, TX

    Lot size:
    2.12 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    100
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 01 Fm-906 W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    55374
    Lot size
    2.12 Acres

    Taxes and HOA fees

    Tax Description
    CHOCTAW RIDGE #1, LOT 1, ACRES 2.12
    Tax Annual Amount
    78

    We can help!

    Listing Contact
    Ryan Titsworth

    Listing agent Ryan Titsworth License #0714715

    Listing office Weichert Realtors-Solid Ground Bonham, TX

    Listing date Feb 25, 2026

    MLS# 21188861 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

    • 2 acres of land suitable for building
    • Close proximity to Pat Mayse Lake for recreation
    • Located 15 minutes from Choctaw Casino Resort Grant
    • Corner lot location at FM 906 and county road 35700
    • Mature trees providing ample shade

    Overview

    This sale offering is a residential land homesite totaling 2.12 acres, positioned on a corner with mature, established trees. The property provides a natural setting that can support shaded outdoor space and offers flexibility for designing a primary residence or a personal getaway home.

    The land is located on FM 906 and County Road 35700 in Powderly, Texas, in Lamar County. It is also described as being close to Pat Mayse Lake, an area known for fishing, boating, hiking trails, and horse riding trails. Additionally, the property is noted as being approximately 15 minutes from Choctaw Casino Resort Grant, which features live entertainment, food, and gambling.

    For buyers, this site is best suited to those seeking a quieter, tree-lined place to build, with access to outdoor recreation at Pat Mayse Lake and entertainment options in the broader area. The corner configuration and existing tree cover make it a practical option for planning a home with outdoor living space oriented around the natural canopy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Department Store Food Market Grocery & Convenience Store Storage Facility Car Rental Facility Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Powderly
    County
    Lamar
    State
    Texas
    Longitude
    -95.509827
    Latitude
    33.842769

    Nearby Similar for Sale

    • $699,000

      Warehouse and Shop on 10 Acres

      Highway-fronting site with a fuel dock and large shop featuring multiple 23 ft roll-up doors for flexible operations.
      8523 Hwy 271 S, Powderly, TX 75473
      View Details
    • $699,000

      Commercial Corner Lot Off Highway

      Cleared corner lot with utilities in place and strong Highway 271 exposure for a wide range of commercial development.
      10670 US Hwy 271, Powderly, TX 75473
      View Details
    • $247,000

      Commercial Development Land with Highway Access

      Multi-purpose acreage offers substantial highway frontage and convenient cross-access for light industrial or commercial development.
      N Hwy. 271, Powderly, TX 75473
      View Details
    • $699,000

      Commercial Corner Lot with Highway Frontage

      Cleared, leveled corner lot on a high-traffic corridor with on-site water and electricity for flexible commercial development.
      10670 US Highway 271, Powderly, TX 75473
      View Details
    • $3,580,000

      Riverfront Recreational Ranch Land

      Premier Red River ranch with gated access, extensive frontage, multiple lakes, and hunting, fishing, and lease income potential.
      3893 Fm 906 E, Powderly, TX 75473
      View Details
    • $699,000
      159,865 SF

      Prime Commercial Corner Lot

      3.67-acre corner lot with high traffic and utilities.
      10670 Us Hwy 271, Powderly, TX 75473
      View Details
    • $300,000

      Wooded Land with Highway Frontage

      Wooded acreage with substantial highway frontage and no restrictions, suited for development, recreation, or private use.
      9343 N Hwy 271 W Side, Powderly, TX 75473
      View Details
    • $85,000

      Unrestricted Recreational Land Parcel

      Unrestricted acreage with privacy and direct access to outdoor recreation opportunities near Pat Mayse Lake.
      CR 34980, Powderly, TX 75473
      View Details
    • $699,000
      17,932 SF

      Highway Frontage Commercial Property

      10-acre commercial property with highway access and versatile buildings.
      8523 Hwy 271 South, Powderly, TX 75473
      View Details
    • $3,580,000

      Ranch with Red River Frontage

      Gated ranch with over one mile of Red River frontage, multiple stocked lakes, and a brick home for comfortable on-site use.
      3893 Fm 906 E, Powderly, TX 75473
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre corner lot with mature trees, ideal for a private build near Pat Mayse Lake recreation.
    Where is this residential land & home lot located?
    The property is located at 01 Fm-906 W Powderly, TX.
    What is the asking price?
    The asking price for this property is $33,900.
    What are key features of this property?
    This property features: 2 acres of land suitable for building; Close proximity to Pat Mayse Lake for recreation; Located 15 minutes from Choctaw Casino Resort Grant
    (903) 227-1933
    We can help!
    Listing Contact
    Ryan Titsworth
    Real Estate License ID: 0714715
    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
    01 Fm-906 W, Powderly, TX 75473
    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!