Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11711 W FM 321 Tennessee Colony, TX 75861

    View on Map
    Claim this Listing
    New
    For Sale
    $749,900

    Building - Tennessee Colony, TX

    Lot size:
    7.42 Acres
    Added:
    May 1, 2026
    Days on Market:
    2
    Last Refresh:
    May 2 at 12:06 pm

    Property Features for 11711 W FM 321

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Lot size
    7.42 Acres

    Building Details

    Year built
    1978
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Soape

    Listing agent Michael Soape License #0745590

    Listing office Leslie Cain Realty, LLC 403 W Hubbard, Lindale, TX

    Listing date May 1, 2026

    MLS# 26006214 Listing URL

    Copyright © 2026 Greater Tyler 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

    Tennessee Colony Investment Opportunity

    Located along FM 321 in Tennessee Colony, this property presents an investment opportunity with multiple manufactured homes. The 7.42-acre property is positioned with visibility and accessibility, making it suitable for a variety of uses. The commercial-zoned property offers a rate of return potential. Seller is willing to owner finance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Tennessee Colony
    County
    Anderson
    State
    Texas
    Longitude
    -95.972073
    Latitude
    31.856631

    Nearby Similar for Sale

    • $749,900

      Tennessee Colony Investment Opportunity

      Investment property with multiple manufactured homes along FM 321.
      11711 W Fm 321, Tennessee Colony, TX 75861
      View Details
    • $649,900
      2,552 SF

      Country Retreat on 27 Acres

      Four-bedroom home on 26.89 acres in North Anderson County.
      1412 AN County Road 431, Tennessee Colony, TX 75861
      View Details
    • $1,580,000
      872 SF

      East Texas Ranch Retreat

      158.81-acre East Texas property with barndominium, ideal for recreation.
      18971 N US Highway 287, Tennessee Colony, TX 75861
      View Details
    • $212,500
      1,755 SF

      Remodeled Duplex with Income Potential

      Recently remodeled duplex with great income potential between Palestine and Corsicana.
      1409 An County Road 2301, TENNESSEE COLONY, TX 75861
      View Details
    • $1,580,000

      East Texas Hunter's Paradise Retreat

      158.81 acres near Cayuga, Texas, ideal for recreation.
      18971 N US Highway 287, Tennessee Colony, TX 75861
      View Details
    • $899,000
      1,000 SF

      Pristine 65-Acre Property Near Palestine

      Exceptional upgraded property perfect for hobby farmer or livestock owner.
      1026 An County Road 2218, Tennessee Colony, TX 75861
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Investment property with multiple manufactured homes along FM 321.
    Where is this mobile home & rv park located?
    The property is located at 11711 W FM 321 Tennessee Colony, TX.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: High potential rate of return for investors; Owner financing available; Multiple manufactured homes on the property
    (903) 253-6205
    We can help!
    Listing Contact
    Michael Soape
    Real Estate License ID: 0745590
    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

    11711 W FM 321, Tennessee Colony, TX 75861

    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!