Sign Up Successful!
You now have access to more from Realmo!
    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

    Howell Rd Corrigan, TX 75939

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Wooded land with creek frontage, ideal for recreation or home.

    Lot size:
    55.00 Acres

    Property Features for Howell Rd

    General Information

    Lot size
    55.00 Acres

    We can help!

    Listing Contact
    Andy Flack
    Andy Flack
    Source: Moodyscre

    Listing Agent: Andy Flack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Tracts with Creek Frontage

    This is the first time this excellent wooded tract with Paces Creek frontage is being offered on the open market. The property is located on a low-traffic, non-thru road, providing seclusion and privacy, yet with easy access. The land is wooded with tall pines and hardwood trees, making it suitable for a home or cabin site. It is also ideal as a recreational tract and is located close to SH 287.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Corrigan
    County
    Polk
    State
    Texas
    Longitude
    -94.881171
    Latitude
    31.020387

    Nearby Similar for Sale

    • Contact for pricing
      6,700 SF

      Commercial Property on US Hwy 190

      15+ acre commercial property with frontage on US Hwy 190.
      1617 W Church St, Corrigan, TX
      View Details
    • $1,150,000

      East Texas Ranch Property

      Custom fitted East Texas ranch property with diverse possibilities.
      1 Fm 1987, Corrigan, TX 75939
      View Details
    • $1,650,000

      East Texas Ranch Property

      Custom fitted East Texas ranch property with diverse possibilities.
      2 Fm 1987, Corrigan, TX 75939
      View Details
    • $2,800,000

      East Texas Ranch Property

      Custom fitted ranch property in the heart of East Texas.
      3 Fm 1987, Corrigan, TX 75939
      View Details
    • $199,900

      Texas Countryside Property with Pond

      Five-acre property featuring a pond, barn, and move-in ready home.
      3540 Fm 352, Corrigan, TX 75939
      View Details
    • $140,000

      RV Park on Spacious Land

      6+ acre RV park offered at land value.
      2248 Fm 352, Corrigan, TX 75939
      View Details
    • $375,000

      Unrestricted Land with Two Homes

      18.21 acres with two homes and large shop.
      164 Parker Rd, Corrigan, TX 75939
      View Details
    • $2,499,000

      225-Acre Ranch on Highway 59

      225-acre ranch ideal for cattle farming or development.
      20720 N Us Highway 59, Corrigan, TX 75939
      View Details
    • $250,000

      46 Acre Hardwood Tract

      46 acre tract ideal for hunting or building a home.
      9 Brg Rd, Corrigan, TX 75939
      View Details
    • $1,932,727

      Corrigan Timberland on US 59

      Forested timberland with US 59 frontage and development potential.
      Us Highway 59, Corrigan, TX 75939
      View Details
    • $440,000

      Wooded Tract on Howell Road

      Wooded tract suitable for home, cabin, or recreation.
      00 Howell Rd, Corrigan, TX 75939
      View Details

    FAQs

    What type of property is this?
    Land - Wooded land with creek frontage, ideal for recreation or home.
    Where is this land located?
    The property is located at Howell Rd Corrigan, TX.
    What are key features of this property?
    This property features: - Paces Creek frontage; - Excellent wooded tracts with tall pines and hardwoods; - Enjoy seclusion and privacy
    (936) 295-2500
    Request Owner's contact information
    Howell Rd Corrigan, TX 75939
    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.
    Howell Rd
    Corrigan, TX 75939
    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
    Howell Rd Corrigan, TX 75939
    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

    We can help!
    Listing Contact
    Andy Flack
    Andy Flack
    Real Estate License ID: 0344465
    (936) 295-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.