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    Fm 23 Rusk, TX 75785

    For Sale
    $389,995

    Prime undeveloped land, near Rusk's finest neighborhoods.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity awaits with this expansive 57.68-acre parcel of land located on FM 23 in Rusk, Texas, zip code 75785. Situated in Cherokee County, this property boasts a highly desirable location near Rusk's most prestigious neighborhoods, offering unparalleled potential for development. The land is currently undeveloped, presenting a blank canvas for a variety of projects. All utilities are conveniently connected to the site, significantly reducing development hurdles and accelerating project timelines. The substantial acreage allows for diverse development options, from residential communities to commercial ventures. This presents a unique chance for developers seeking a high-return investment in a thriving area. The asking price is $389,995, with a non-contingent earnest money deposit required (greater of $20,000 or 10% of the purchase price). A marketing fee of 5% of the winning bid amount (minimum $20,000) and a $10,000 participation deposit are also required. The APN is 101187000. Don't miss this chance to capitalize on this exceptional opportunity.

    Property Features for 0 Fm 23

    General Information

    Property type
    Land
    Lot Size
    2,512,541 SF

    HighLights

    • 57.68‑acre land parcel.
    • Excellent investment potential.
    • High‑density residential development opportunity.
    • Prime location near Rusk's most desirable neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rusk
    County
    Cherokee
    State
    Texas
    Longitude
    -95.1961772
    Latitude
    31.7027974

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    FAQs

    What type of property is this?
    Land - Prime undeveloped land, near Rusk's finest neighborhoods.
    Where is this land located?
    The property is located at Fm 23 Rusk, TX.
    What is the asking price?
    The asking price for this property is $389,995.
    What are key features of this property?
    This property features: 57.68-acre land parcel.; Excellent investment potential.; High-density residential development opportunity.
    Request Owner's contact information
    Fm 23 Rusk, TX 75785
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    Realmo Value Estimation

    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.

    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.

    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
    Fm 23 Rusk, TX 75785
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