Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Build-Ready Acreage with Culvert Title is generated by Realmo AI

    E FM 942 lot 4, Corrigan, TX 75934

    View on Map
    Claim this Listing
    New
    For Sale
    $141,900

    LAND - Corrigan, TX

    Lot size:
    6.64 Acres
    Added:
    May 29, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for E FM 942 lot 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    247158
    Lot size
    6.64 Acres

    We can help!

    Listing Contact
    Xing Gao

    Listing agent Xing Gao License #0822975

    Listing office Central Metro Realty Austin, TX

    Listing date May 29, 2026

    MLS# 21195387 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

    • 6.64‑acre, cleared build‑ready lot in Timber Ridge Ranchettes (Lot 4)
    • 70‑ft concrete culvert and paved FM 942 access
    • Perc‑tested and county‑approved for on‑site septic
    • Electric and internet available at the lot; city water reserved through Moscow PWS (installation March 2026)
    • Unrestricted land with no HOA and no deed restrictions; livestock welcome
    • Mature pine screen along full road frontage; interior hydro‑axed and cleared

    Overview

    Timber Ridge Ranchettes Lot 4 is 6.64 acres of cleared, build-ready land with mature pine screening along the full road frontage. The interior has been hydro-axed and cleared, offering an open setting for a range of uses. The property is unrestricted, with no HOA and no deed restrictions, and it is perc-tested and county-approved for on-site septic.

    Access is provided via paved FM 942, including a dedicated 70-ft concrete culvert. City water is reserved through Moscow PWS, with installation scheduled for March 2026. Electric and internet are available at the lot, supporting planning for future development. A plat for the lot was approved and recorded in February 2026.

    This parcel is well suited for buyers looking to build or place a home or alternative dwelling, including a barndominium, tiny home, container home, mobile home, or full-time RV setup. Livestock are welcome, and the mature pine along the frontage helps preserve privacy while maintaining convenient roadway access. With close proximity to Corrigan, Livingston, and Lake Livingston, the property offers a practical blend of rural flexibility and near-term livability.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Corrigan
    County
    Polk
    State
    Texas
    Longitude
    -94.70013697
    Latitude
    30.8867238

    Nearby Similar for Sale

    • $141,900

      Unrestricted Land with House and RV Potential

      Unrestricted acreage with frontage on FM 942, a partially completed home, septic approval, and flexibility for full-time RV living.
      E FM 942 lot: 5, Corrigan, TX 75934
      View Details
    • $580,000

      East Texas Ranch Land Available

      61+ acre ranch property in Corrigan, TX for sale.
      0000000 FM 352, Corrigan, TX 75939
      View Details
    • $141,900

      Cleared Build-Ready Land Acreage

      Unrestricted acreage with paved road access, utilities available, and septic approval for off-grid-friendly build plans.
      E FM 942 lot: 6, Corrigan, TX 75934
      View Details
    • $729,900

      Prime Commercial Property in Corrigan, TX

      3.89 acres at the intersection of Hwy 287 & US I-69.
      13571 Hwy 59 North/Loop 287, Corrigan, TX 75939
      View Details
    • $615,840

      Unrestricted Land in Polk County

      153.96 acres perfect for recreation, hunting, or building.
      1851 FM 1987, Corrigan, TX 75939
      View Details
    • $3,145,000

      Prime Commercial Land on I-69

      16.99 acres with frontage on I-69 in Corrigan, TX.
      13169 US Hwy 69, Corrigan, TX 75939
      View Details
    • $1,260,000

      210 Acres Unrestricted Land, Corrigan

      Expansive unrestricted land with woodlands, pond, and convenient location.
      9422 FM 62, Corrigan, TX 75939
      View Details
    • $2,000,000

      397 Acres of Vacant Land

      Rural homesite or recreational retreat in Polk County, Texas.
      0 FM 62, Corrigan, TX 75939
      View Details
    • $725,000

      27-Acre Property with Insulated Shop

      27-acre property with home, shop, pond, and amenities.
      188 Pullin Rd, Corrigan, TX 75939
      View Details
    • $329,900

      Prime Commercial Land Near Highway

      2 acres of commercial land with highway frontage.
      1100 W 2nd Street, Corrigan, TX 75939
      View Details
    • $99,900

      Cleared Build-Ready Acreage

      Unrestricted acreage with paved-road access, county-approved septic potential, and future city water reservation.
      E FM 942 lot: 2, Corrigan, TX 75934
      View Details
    • $399,000

      East Texas Ranch Land

      61+ acre ranch land opportunity in Corrigan, Texas.
      0007 Purvis Boulevard, Corrigan, TX 75939
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Unrestricted, cleared timber-ranchette land with paved access, perc-tested septic approval, and future city water reserved.
    Where is this agricultural land / farmland located?
    The property is located at E FM 942 lot 4 Corrigan, TX.
    What is the asking price?
    The asking price for this property is $141,900.
    What are key features of this property?
    This property features: 6.64‑acre, cleared build‑ready lot in Timber Ridge Ranchettes (Lot 4); 70‑ft concrete culvert and paved FM 942 access; Perc‑tested and county‑approved for on‑site septic
    (512) 454-6873
    We can help!
    Listing Contact
    Xing Gao
    Real Estate License ID: 0822975
    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
    E FM 942 lot: 4, Corrigan, TX 75934
    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!