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

    2 Highway 87 Newton, TX 75966

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $148,500

    Land with highway frontage, suitable for homesite and recreation.

    Type:Farm and Ranch Properties
    Added:
    Apr 26, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 26 at 11:49 am

    Property Features for 2 Highway 87

    General Information

    Standard status
    Active
    Property subtype
    Farm and Ranch Properties

    We can help!

    Listing Contact
    Andy Flack
    Andy Flack

    Listing agent Andy Flack License #0344465

    Listing office HomeLand Properties, Inc.

    Listing date Apr 26, 2026

    Source Elliman

    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 HomeLand Properties, Inc.

    Overview

    Highway Frontage Land For Sale

    This property, historically owned by timber companies, is being offered on the open market for the first time. It features frontage on State Highway 87, providing convenient access. Electricity is available along the highway. The land includes a mature pine plantation with scattered hardwoods, as shown in aerial photos. It is suitable for a homesite and recreation. The property's size and shape make it suitable for fencing. The land is clear, with no known pipelines, rights-of-way, easements, or well sites. The bike score is 25, indicating it is somewhat bikeable, and the walk score is 0, indicating car-dependence.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Newton
    County
    Newton
    State
    Texas
    Longitude
    -93.703838
    Latitude
    30.942986

    Nearby Similar for Sale

    • $750,000
      4,200 SF

      Retail and Auto Repair Shop

      Versatile retail and auto repair shop in Newton, Texas.
      615 W Court Street, Newton, TX 75966
      View Details
    • $750,000
      4,200 SF

      Retail and Auto Repair Shop

      Versatile retail and auto repair shop in Newton, Texas.
      615 Court Street, Newton, TX 75966
      View Details
    • $75,000

      Secluded 10-Acre Newton County Land

      Wooded 10-acre tract in Newton County, ideal for recreation.
      000 County Road 2041, Newton, TX 75966
      View Details
    • $500,000

      New RV Park Investment Opportunity

      Newly constructed RV park near Hwy 190 and FM 2626.
      7826 E Hwy 190, Newton, TX 75966
      View Details
    • $70,000
      720 SF

      Charming Beauty Shop & Retail

      Tenant-occupied, furnished beauty shop and retail space for sale.
      106 Main, Newton, TX 75966
      View Details
    • $36,000

      Unrestricted Land in Newton, TX

      3+ acres of unrestricted land near Newton's center.
      915 E Court Street, Newton, TX 75966
      View Details
    • $267,200

      64 Acres Sabine River Frontage

      Unimproved land with Sabine River frontage, suitable for recreation.
      1 County Road 4085, Newton, TX 75928
      View Details
    • $795,000

      Texas Ranch with Farmland

      195+ acre ranch suitable for farming, recreation, or residential.
      Tbd Fm 1086 FM 1086, No City, TX 75966
      View Details
    • $449,000
      4,800 SF

      Former Gymnasium/Warehouse on Highway 190

      4800 SF former gym/warehouse with highway access and fenced area.
      4000 E Highway 190, Newton, TX 75966
      View Details
    • $10,000

      Unimproved Land on Baker Street

      Half-acre tract with frontage on Baker Street and CR 1005.
      Tbd Baker & CR 1005, Newton, TX 75955
      View Details
    • $24,000

      Secluded Timbered Land with Creek

      14 acres of secluded East Texas land with Caney Creek.
      FM 1012, Newton, TX 75966
      View Details
    • $84,500

      Unimproved Land on Baker Street

      13.094-acre tract with frontage on Baker Street in Newton, TX
      Btw Roosevelt & Alley Row Baker Street, Newton, TX 75966
      View Details

    FAQs

    What type of property is this?
    Farm - Land with highway frontage, suitable for homesite and recreation.
    Where is this farm located?
    The property is located at 2 Highway 87 Newton, TX.
    What is the asking price?
    The asking price for this property is $148,500.
    What are key features of this property?
    This property features: Large acreage suitable for homesite and recreation.; Highway frontage (SH 87) provides easy access.; Electricity available along the highway.
    (936) 295-2500
    We can help!
    Listing Contact
    Andy Flack
    Andy Flack
    Real Estate License ID: 0344465
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!