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    3460 Hawk Road Diana, TX 75640

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    Claim this Listing
    New
    For Sale
    $680,000

    Traditional, Farm/Ranch - Diana, TX

    Type:Farm
    Property size:
    2,368 SF
    Lot size:
    21.16 Acres
    Price / SF:
    $287/SF
    Added:
    Apr 26, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 29 at 5:06 pm

    Property Features for 3460 Hawk Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport
    Interior features
    Built-in Features, Double Vanity, Kitchen Island
    Exterior features
    Stable/Barn, Storage, Other
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Washer
    Standard status
    Active
    APN
    77240
    Size
    2,368 SF
    Lot size
    21.16 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2003
    Floors in Building
    1
    Flooring type
    Carpet, Concrete
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), Stable(s), Storage

    We can help!

    Listing Contact
    Heather Kelly
    Heather Kelly

    Listing agent Heather Kelly License #0576998

    Listing office Texas Real Estate Executives - Longview 1409 McCann Rd., Longview, TX

    Listing date Apr 26, 2026

    MLS# 21251087 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Farmstead on 21+ Acres

    This 21.16-acre farm is located in New Diana ISD, minutes from Lake O’ the Pines and Longview. The property features a 2,368 square foot home with 3 bedrooms, 3 bathrooms, and a dedicated office that could serve as a 4th bedroom. Both bathrooms include double sinks. The living room has vaulted ceilings, a high-efficiency fireplace, and custom built-in shelving with electrical outlets. Stained concrete floors are present throughout the main areas, with carpeting in the bedrooms. The property is equipped for country living with a large barn, storage building, and chicken coop. A deep 300+ ft. water well with a dedicated well house ensures a steady water supply, and a whole-house generator powered by a 500-gallon propane tank provides power. The land includes pastures, two mature pear trees, wild berries, and muscadines. The property is suited for hobby farming or livestock. It is located 15 minutes from the Loop in Longview.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Hotel & Motel Department Store Daycare Center Clothing & Fashion Store Bed & Breakfast Clothing & Fashion Store Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Diana
    County
    Upshur
    State
    Texas
    Longitude
    -94.77016
    Latitude
    32.696926

    Nearby Similar for Sale

    • $289,000
      2,760 SF

      Turnkey Duplex in Diana ISD

      Fully occupied duplex in Diana, TX with immediate cash flow.
      1642 Deanna, Diana, TX 75640
      View Details
    • $665,505
      8,000 SF

      Family Dollar in Diana, TX

      Family Dollar with NN lease and strong store sales.
      1610 US Hwy 259 South, Diana, TX 75640
      View Details

    FAQs

    What type of property is this?
    Farm - 21+ acre farm with spacious home in New Diana ISD.
    Where is this farm located?
    The property is located at 3460 Hawk Road Diana, TX.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: 21+ acre farmstead in New Diana ISD, offering rural tranquility.; Spacious 3‑bedroom, 3‑bathroom home with double sinks in bathrooms and a $6,000 allowance for updates.; Equipped for country living with a large barn, storage building, chicken coop, and mature fruit trees/berries.
    (903) 297-0591
    We can help!
    Listing Contact
    Heather Kelly
    Heather Kelly
    Real Estate License ID: 0576998
    Learn More
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    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
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