Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5181 FM 315 Chandler, TX 75758

    View on Map
    Claim this Listing
    For Sale
    $69,000

    Unimproved Land - Chandler, TX

    Type:Unimproved Land
    Lot size:
    0.77 Acres
    Added:
    Aug 3, 2025
    Days on Market:
    278
    Last Refresh:
    May 7 at 7:06 pm

    Property Features for 5181 FM 315

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    207906
    Lot size
    0.77 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jerry Coughlin

    Listing agent Jerry Coughlin License #0271522

    Listing office Coldwell Banker Apex, REALTORS 525 W. SW Loop 323, Tyler, TX

    Listing date Aug 3, 2025

    MLS# 20872858 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.

    HighLights

    • Unrestricted .773 acre lot allowing manufactured homes
    • Cleared and ready to build, saving on clearing costs
    • Proximity to Lake Palestine public boat ramp (0.5 miles)
    • Boasts 173 ft of frontage on FM 315
    • New driveway permit awarded from Dept. of Transportation
    • Conveniently located 15 minutes from Chandler and 20 minutes from Tyler

    Overview

    Residential Lot Near Lake Palestine

    This residential lot, totaling 0.773 acres, is located near Lake Palestine. The property is unrestricted, allowing for the placement of a manufactured home. It has been cleared and is ready for construction, featuring 173 feet of frontage on FM 315. A public boat ramp on Lake Palestine is located half a mile from the property. The site is suitable for a custom home build, with land available for a shop or garden. It is located 15 minutes from Chandler and 20 minutes from Tyler. A new driveway permit has been awarded from the Department of Transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Grocery & Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Henderson
    State
    Texas
    Longitude
    -95.51669
    Latitude
    32.178057

    Nearby Similar for Sale

    • $329,900

      Waterfront Homesite in Gated Community

      Lake Palestine homesite with amenities and captivating water views.
      5670 Nathan Drive, Chandler, TX 75758
      View Details
    • $400,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views on Lake Palestine.
      20629 Wycliff Dr., Chandler, TX 75758
      View Details
    • $350,000

      Waterfront Lot in Gated Community

      0.71 acre waterfront lot in Brown's Landing.
      0 Jamison Dr, Chandler, TX 75758
      View Details
    • $465,000

      Lake Palestine Waterfront Lot

      Almost an acre with over 200' of waterfrontage.
      20621 Wycliff, Chandler, TX 75758
      View Details
    • $875,000

      60 Acres of Improved Land

      60-acre property with infrastructure, suitable for building or development.
      1140 CR-3412, Chandler, TX 75758
      View Details
    • $425,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views on Lake Palestine.
      20639 Wycliff Dr., Chandler, TX 75758
      View Details
    • $1,075,000
      2,100 SF

      Texas Ranch with Rustic Homestead

      40-acre Chandler, TX ranch featuring a charming rustic homestead.
      12701 FM 2010, Chandler, TX 75758
      View Details
    • $400,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views and mature trees.
      20635 Wycliff Dr., Chandler, TX 75758
      View Details
    • $425,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views on Lake Palestine.
      20625 Wycliff Dr., Chandler, TX 75758
      View Details
    • $385,000

      20 Acres of Improved Land

      20-acre property with pond, paved access, and utilities.
      1140 Lot 2 CR-3412, Chandler, TX 75758
      View Details
    • $1,075,000

      Chandler Ranch with Rolling Acres

      40-acre ranch within city limits, featuring a rustic homestead.
      12701 FM 2010, Chandler, TX 75758
      View Details
    • $674,000
      1,760 SF

      Secluded Barndominium on 15 Acres

      Custom barndominium on 15 acres near Chandler, Texas.
      1000 W Main Street, Chandler, TX 75758
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted 0.773-acre lot ready for building near Lake Palestine.
    Where is this land located?
    The property is located at 5181 FM 315 Chandler, TX.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: Unrestricted .773 acre lot allowing manufactured homes; Cleared and ready to build, saving on clearing costs; Proximity to Lake Palestine public boat ramp (0.5 miles)
    (903) 581-2584
    We can help!
    Listing Contact
    Jerry Coughlin
    Real Estate License ID: 0271522
    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
    5181 FM 315, Chandler, TX 75758
    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!