Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Interstate Corridor Land Parcels Title is generated by Realmo AI

    FM 1993, Cookville, TX 75558

    View on Map
    Claim this Listing
    For Sale
    $1,605,000

    LAND - Cookville, TX

    Lot size:
    107.00 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for FM 1993

    General Information

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

    We can help!

    Listing Contact
    Michael Whitney

    Listing agent Michael Whitney License #0696237

    Listing office Mayben Realty - Mt. Pleasant 2310 Green Hill Road, Mount Pleasant, TX

    Listing date Mar 11, 2026

    MLS# 26003415 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 107 acres of land
    • Located along Interstate 30 with east and westbound exits
    • Excellent access and visibility
    • High‑traffic frontage
    • Suitable for various developments (truck stop, warehouse, residential, etc.)
    • Unlimited potential for growth and return

    Overview

    This offering consists of three land parcels totaling approximately 107 acres. The property is presented as a multi-parcel tract, providing flexibility for buyers seeking to assemble, phase, or develop multiple components within one ownership.

    The parcels are positioned along the Interstate 30 corridor and include access to both eastbound and westbound exits. The listing notes excellent access and visibility, with frontage intended to support high-visibility commercial uses.

    The site is marketed for a range of development concepts, including a truck stop or travel center, warehouse and distribution hub use, residential development, or other unique plans that fit a large, accessible land footprint near an interstate interchange. For prospective buyers, the key practical consideration is the combination of size and highway-adjacent positioning that can accommodate a variety of operating or development strategies, subject to applicable approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Cookville
    County
    Titus
    State
    Texas
    Longitude
    -94.8622373
    Latitude
    33.2100487

    Nearby Similar for Sale

    • $1,605,000

      Interstate Frontage Land Parcels

      Three adjoining parcels totaling about 107 acres with frontage and exit access along the Interstate 30 corridor.
      FM 1993, Cookville, TX 75558
      View Details
    • $115,000

      Rural Recreational Land Tract

      Enjoy quiet East Texas living with two small water sources and room for a future homesite or weekend escape.
      4315, Cookville, TX 75558
      View Details
    • $615,000

      Fenced Pasture Land with Ponds

      A mostly improved pasture tract with full fencing and two ponds, suited for livestock or future home sites.
      FM 1001, Cookville, TX 75558
      View Details
    • $79,900

      Rural Farmland Tract

      A 7.5-acre countryside tract suited for livestock use, gardens, or building a home with privacy and open space.
      FM 1001, Cookville, TX 75558
      View Details
    • $115,000

      Land in Cookville, Texas

      10 acre land with water and electric in Cookville.
      4315, Cookville, TX 75558
      View Details
    • $559,000
      2,200 SF

      Cookville Ranchette with Pasture Views

      Picturesque Texas ranchette with farmhouse charm and equestrian features.
      116 Cr 3340, Cookville, TX 75558
      View Details
    • $1,125,275
      9,100 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General in Cookville, TX with strong corporate guarantee.
      E Highway 67, Cookville, TX
      View Details

    FAQs

    What type of property is this?
    Industrial land - Three parcels totaling about 107 acres offer flexible development options with access and visibility along Interstate 30 exits.
    Where is this industrial land located?
    The property is located at FM 1993 Cookville, TX.
    What is the asking price?
    The asking price for this property is $1,605,000.
    What are key features of this property?
    This property features: Approximately 107 acres of land; Located along Interstate 30 with east and westbound exits; Excellent access and visibility
    (903) 572-2400
    We can help!
    Listing Contact
    Michael Whitney
    Real Estate License ID: 0696237
    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
    FM 1993, Cookville, TX 75558
    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!