Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Improved Land with Pond, Workshop Title is generated by Realmo AI

    5910 SH-34, Oak Ridge, TX 75142

    View on Map
    Claim this Listing
    For Sale
    $195,000

    Improved Land - Oak Ridge, TX

    Lot size:
    2.10 Acres
    Added:
    May 17, 2026
    Days on Market:
    15
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for 5910 SH-34

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Lighting, Rv/Boat Parking, Stable/Barn, Storage
    Standard status
    Active
    APN
    13227
    Lot size
    2.10 Acres

    Building Details

    Year built
    1980
    Architectural style
    Other
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s), Storage

    We can help!

    Listing Contact
    Brittany Realzola

    Listing agent Brittany Realzola License #0589232

    Listing office eXp Realty LLC 5605 N MacArthur Blvd 10th flr, Austin, TX

    Listing date May 17, 2026

    MLS# 21273085 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

    • 2‑acre property with private gate and pond
    • Water and electric utilities are already present on the property
    • Large workshop and separate storage building included
    • No HOA restrictions, allowing for flexible building and usage
    • RV/Boat parking available
    • Close proximity to highways and retail amenities (Tanger Outlet Mall, restaurants)

    Overview

    This 2.1-acre property in Oak Ridge, TX, features a private gate and pond. Water and electric utilities are present. The land is populated with mature Mesquite trees and includes one large, long workshop and one storage building. RV and boat parking are available. The property is located minutes from major highways and near the Tanger Outlet Mall in Terrell, as well as Starbucks, McDonald’s, and IHOP off Highway 20. The land is suitable for building a home without HOA restrictions and allows for animals, gardening, and ATV activities. New build homes in the neighboring area are selling in the $600,000s.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Oak Ridge
    County
    Cooke
    State
    Texas
    Longitude
    -96.2414
    Latitude
    32.5074

    Nearby Similar for Sale

    • $899,000
      3,000 SF

      30 Acre Ranch Near Dallas

      30 acre property with house and barns near Dallas.
      7821 N State Highway 34, Oak Ridge, TX 75161
      View Details
    • $490,000
      2,718 SF

      Well-Maintained Triplex in Oak Ridge

      Oak Ridge triplex with modern amenities and convenient location.
      457 Neals Hill Road, Oak Ridge, TX 76240
      View Details
    • $1,475,000
      8,154 SF

      Oak Ridge Triplex Investment Opportunity

      Nine units with expansion potential near Gainesville and Sherman, TX.
      716 ROCKY RIDGE FLATTS Road, Oak Ridge, TX 76240
      View Details
    • $1,600,000
      9,648 SF

      Oak Ridge Quadruplex Investment

      Two well-maintained fourplexes near Dallas, Gainesville, and Sherman.
      455 Neals Hill Road, Oak Ridge, TX 76240
      View Details
    • $78,000

      Half-Acre Lot in Oak Ridge

      Half-acre lot suitable for mobile homes with city utilities.
      248 First Street, Oak Ridge, TX 76240
      View Details
    • $78,000

      Half-Acre Lot in Oak Ridge

      Half-acre lot ready for your home in Oak Ridge, TX.
      240 First Street, Oak Ridge, TX 76240
      View Details
    • $60,000

      Residential Lot in Oak Ridge

      0.524 acre residential lot with city utilities.
      457 Neals Hill Road, Oak Ridge, TX 76240
      View Details

    FAQs

    What type of property is this?
    Land - 2-acre land with pond, workshop, utilities near Highway 20.
    Where is this land located?
    The property is located at 5910 SH-34 Oak Ridge, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 2‑acre property with **private gate and pond**; Water and electric utilities are already present on the property; **Large workshop and separate storage building included**
    (888) 519-7431
    We can help!
    Listing Contact
    Brittany Realzola
    Real Estate License ID: 0589232
    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
    5910 SH-34, Oak Ridge, TX 75142
    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!