Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Lake Eastland Headwaters Title is generated by Realmo AI

    156 County Road 156, Eastland, TX 76448

    View on Map
    Claim this Listing
    For Sale
    $56,300

    4 acres of land near Lake Eastland with electric.

    Type:Lots & Acreage / Improved Land
    Property size:
    174,240 SF
    Lot size:
    4.00 Acres
    Price / SF:
    $0.32/SF
    Added:
    Aug 3, 2025
    Days on Market:
    306
    Last Refresh:
    Mar 13 at 1:15 pm

    Property Features for 156 County Road 156

    General Information

    Standard status
    Active
    Size
    174,240 SF
    Lot size
    4.00 Acres
    Property subtype
    Lots & Acreage / Improved Land

    We can help!

    Listing Contact
    Pryce Marshall

    Listing agent Pryce Marshall License #0639730

    Listing office BHHS Premier Properties

    Listing date Aug 3, 2025

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of BHHS Premier Properties

    HighLights

    • Waterfront property directly on Lake Eastland
    • Expansive 4‑acre parcel
    • Electric service available
    • Deeded easement providing access to the property
    • Located near CR156 (half mile)
    • Property is at the headwaters of Lake Eastland

    Overview

    This 4-acre parcel is located adjacent to the headwaters of Lake Eastland. The property has electric service. Access is provided by a filed deeded easement. The subject property is located one half mile from CR156. Parcel maps found online and on LandID are not accurate; please refer to the LandID map in photos. Showings are by appointment only.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastland
    County
    Eastland
    State
    Texas
    Longitude
    -98.856155
    Latitude
    32.419781

    Nearby Similar for Sale

    • $2,600,000

      Lakefront RV and Cabin Resort

      Operate a functioning lakefront rental resort or pursue future development with substantial Lake Leon frontage.
      CR 567, Eastland, TX 76437
      View Details
    • $165,000

      Move-In Ready Office Building

      Versatile office layout with multiple private offices, conference space, and on-site parking for client-friendly access.
      711 W Commerce Street, Eastland, TX 76448
      View Details
    • $1,995,000
      3,600 SF

      Eastland Ranch with Income Potential

      80-acre Eastland, TX ranch featuring two homes.
      466 County Road 164, Eastland, TX 76448
      View Details
    • $1,200,000

      Turnkey Auto Repair Property

      Purpose-built mechanic shop with multiple bays and offices, offered with an established, ready-to-operate business.
      300 E Main Street, Eastland, TX 76448
      View Details
    • $250,000

      Fenced Land with Insulated Shop

      A cleared, fully fenced rural tract with a newly built insulated shop-barn and lean-to for flexible land-based projects.
      1216 County Road 164, Eastland, TX 76448
      View Details
    • $179,900

      Two-Building Healthcare Facility

      Two former healthcare buildings with 54 beds, offering flexible redevelopment options and Opportunity Zone consideration.
      401 W Moss Street, Eastland, TX 76448
      View Details
    • $169,000

      Clean Two-Unit Residential Income

      Well-kept duplex with updated electric/plumbing, newer roof, and two configurations for flexible rental opportunities.
      301 W Patterson Street W, Eastland, TX 76448
      View Details
    • $650,000

      Development Land with Interstate Frontage

      17.45 acres with strong visibility, highway access frontage, and utilities—ideal for a flexible, high-demand development plan.
      3000 Interstate 20 W, Eastland, TX 76448
      View Details
    • $350,000

      Commercial Land Development Tract

      6.1-acre tract outside city limits with utilities limited to electric lines along the south boundary.
      S I-20 Access Road, Eastland, TX 76448
      View Details
    • $149,500

      Land For Sale - Eastland

      Unimproved land available in Eastland, Texas.
      506 County Road 534, Eastland, TX 76448
      View Details
    • $399,500

      Multi-Bay Self Service Car Wash

      Updated four-bay car wash with vacuum stations, attached car lot, and a metal shop for expanded revenue opportunities.
      929 E Main Street, Eastland, TX 76448
      View Details

    FAQs

    What type of property is this?
    Land - 4 acres of land near Lake Eastland with electric.
    Where is this land located?
    The property is located at 156 County Road 156 Eastland, TX.
    What is the asking price?
    The asking price for this property is $56,300.
    What are key features of this property?
    This property features: Waterfront property directly on Lake Eastland; Expansive 4‑acre parcel; Electric service available
    (817) 999-4390
    We can help!
    Listing Contact
    Pryce Marshall
    Real Estate License ID: 0639730
    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
    156 County Road 156, Eastland, TX 76448
    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!