Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unrestricted Land in Shelbyville ISD Title is generated by Realmo AI

    TBD HWY 147, Center, TX 75935

    View on Map
    Claim this Listing
    For Sale
    $50,327

    Land/Acreage - Center, TX

    Lot size:
    6.70 Acres
    Added:
    Aug 31, 2025
    Days on Market:
    262
    Last Refresh:
    May 19 at 1:06 am

    Property Features for TBD HWY 147

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    6.70 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cynthia Sanchez

    Listing agent Cynthia Sanchez

    Listing office Chambliss Real Estate 203 Hurst St., Suite B, Center, TX

    Listing date Aug 31, 2025

    MLS# 22501555 Listing URL

    Copyright © 2026 Deep East Texas MLS. 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 6.703 acres of raw land offers many possibilities.
    • Located in desirable Shelbyville ISD.
    • Rascal Creek runs through the side of the property.
    • Opportunity to build or place a home.
    • Raw land ready for development.
    • Desirable location.

    Overview

    This is 6.703 acres of unrestricted raw land located in Center, TX, within the Shelbyville Independent School District. Rascal Creek runs along one side of the property. The land is suitable for building or placing a home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Center
    County
    Shelby
    State
    Texas
    Longitude
    -94.1975
    Latitude
    31.7586

    Nearby Similar for Sale

    • $350,000
      6,000 SF

      Downtown Office Space in Center

      Spacious 6,000 SF office building in Center, Texas.
      137 San Augustine Street, Center, TX 75935
      View Details
    • $299,000
      4,000 SF

      Versatile Commercial Property in Center, TX

      5.51-acre commercial property with insulated building and barn.
      2524 US Hwy 96 N, Center, TX 75935
      View Details
    • $699,900
      3,763 SF

      East Texas Equestrian Retreat

      Luxury equestrian property on 20+ acres in East Texas.
      3134 S US Hwy 96 Highway, Center, TX 75935
      View Details
    • $975,000

      Broiler Farm in Center, Texas

      Six-house broiler farm on 43.85 acres with Tyson contract.
      2705 CR 3047, Center, TX 75935
      View Details
    • $199,000

      Versatile Commercial Space in Center, TX

      11,000 SF commercial building with multiple rental opportunities.
      1010 Nacogdoches Street, Center, TX 75935
      View Details
    • $1,500,000

      Turn-Key Car Wash Investment

      Profitable car wash with tunnel and self-serve bays in Center, TX.
      611 Tenaha Street, Center, TX 75935
      View Details
    • $337,155

      Land with Utilities and Development Potential

      48+ acres with utilities, ponds, and development possibilities.
      600 Harmony Trail, Center, TX 75935
      View Details
    • $1,350,000

      Profitable Poultry Farm on 40 Acres

      Active poultry farm with six broiler houses in Shelby County.
      2550 CR 4293, Center, TX 75935
      View Details
    • $199,000
      8,400 SF

      Center, TX Retail Opportunity

      Retail building with high traffic location in Center, Texas.
      826 Shelbyville Street, Center, TX 75935
      View Details
    • $99,999
      1,216 SF

      Tenaha Street Commercial Investment Opportunity

      Commercial building with income potential and high visibility on Tenaha.
      309 TENAHA STREET, Center, TX 75935
      View Details
    • $55,000

      Unrestricted Land Outside City Limits

      Two unrestricted acres with utilities and pond near Center, TX.
      871 County Road 1044, Center, TX 75935
      View Details
    • $425,000

      86.5 Acre East Texas Land

      Upland property with planted pine near Attoyac River.
      000 County Road 1245, Center, TX 75935
      View Details

    FAQs

    What type of property is this?
    Land - 6.703 acres of raw land with creek access.
    Where is this land located?
    The property is located at TBD HWY 147 Center, TX.
    What is the asking price?
    The asking price for this property is $50,327.
    What are key features of this property?
    This property features: Unrestricted 6.703 acres of raw land offers many possibilities.; Located in desirable Shelbyville ISD.; Rascal Creek runs through the side of the property.
    (936) 332-9399
    We can help!
    Listing Contact
    Cynthia Sanchez
    Real Estate License ID: 0801152
    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
    TBD HWY 147, Center, TX 75935
    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!