Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unrestricted 5-Acre Land in Itasca Title is generated by Realmo AI

    118048 HCR 4123, Itasca, TX 75987

    View on Map
    Claim this Listing
    For Sale
    $125,000

    LAND - Itasca, TX

    Lot size:
    5.00 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    77
    Last Refresh:
    May 27 at 8:06 pm

    Property Features for 118048 HCR 4123

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.00 Acres

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Dian Black
    Dian Black

    Listing agent Dian Black

    Listing office Legacy Real Estate Group 1403 Turtle Creek, Lufkin, TX

    Listing date Mar 12, 2026

    MLS# 70012371 Listing URL

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unrestricted 5‑acre property offering freedom for various uses.
    • Flat and cleared land, ready for immediate development.
    • Ideal for building a dream home or creating a weekend retreat.
    • Ample space for animals and various business ventures.
    • Combines easy access to town with privacy and peaceful rural surroundings.
    • Significant frontage (219.30 feet) and depth (933.17 feet) for flexible use of the land.

    Overview

    This 5-acre tract of land in Itasca, Texas, offers a flat, cleared property suitable for various uses. The property is unrestricted, providing opportunities for building a dream home, placing a manufactured home, starting a small farm, or creating a weekend retreat. The land is suitable for animals and business ideas, offering wide-open spaces and peaceful rural surroundings. It features 219.30 feet of frontage and a depth of 933.17 feet, providing easy access to town while maintaining privacy and tranquility.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Itasca
    County
    Hill
    State
    Texas
    Longitude
    -97.1500074
    Latitude
    32.1595947

    Nearby Similar for Sale

    • $449,000
      7,500 SF

      Versatile Metal Building in Itasca

      7,500 sqft metal building on 1 acre, flexible commercial/residential use.
      515 FM 66, Itasca, TX 76055
      View Details
    • $385,000

      Cash Flowing Car Wash Business

      Turnkey car wash business opportunity in Itasca, Texas.
      108 E Main Street, Itasca, TX 76055
      View Details
    • $109,000

      Remodeled Building in Downtown Itasca

      Remodeled building in central business area, suitable for various uses.
      109 W Main Street, Itasca, TX 76055
      View Details
    • $210,000

      Commercial Lot in High Visibility Location

      1.26 acre commercial lot in Itasca, Texas.
      Tbd E Main Street, Itasca, TX 76055
      View Details
    • $300,000

      Cleared Land Near I35W, Itasca

      10 acres of cleared, fenced land with utilities near I35W.
      383 Hill County Road 4254, Itasca, TX 76055
      View Details
    • $375,000
      2,376 SF

      Income-Producing Duplex in Itasca, TX

      Well-maintained duplex in a quiet community, fully occupied and cash-flowing.
      108 W Adams Street, Itasca, TX 76055
      View Details
    • $175,000

      Operating Restaurant Space For Sale

      Restaurant space for sale, equipped and ready for modification.
      140 W Main Street, Itasca, TX 76055
      View Details
    • $49,900

      Residential Lot in Itasca, TX

      Cleared residential lot ready for development near downtown Itasca.
      605 E Adams Street, Itasca, TX 76055
      View Details
    • $160,000

      Downtown Itasca Flex Retail Space

      Flex retail space in downtown Itasca with living quarters.
      103 W Main St, Itasca, TX 76055
      View Details
    • $89,900

      2+ Acre Lot in Itasca

      Build your dream home on this spacious Texas land.
      Tbd (lot 36) Longview Creek Trail, Itasca, TX 76055
      View Details
    • $29,900

      Residential Lot in Itasca, TX

      Vacant lot ready for new home construction in Itasca.
      208 E Marrion Street, Itasca, TX 76055
      View Details
    • $385,000

      Cash Flowing Car Wash Opportunity

      Turnkey, cash-flowing 3-bay car wash in downtown Itasca.
      108 E Main Street, Itasca, TX 76055
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5 acres of unrestricted land ready for your vision.
    Where is this agricultural land / farmland located?
    The property is located at 118048 HCR 4123 Itasca, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Unrestricted 5‑acre property offering freedom for various uses.; Flat and cleared land, ready for immediate development.; Ideal for building a dream home or creating a weekend retreat.
    (936) 244-5651
    We can help!
    Listing Contact
    Dian Black
    Dian Black
    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
    118048 HCR 4123, Itasca, TX 75987
    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!