Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5-Acre Land in Tennessee Colony Title is generated by Realmo AI

    PR 8608, Tennessee Colony, TX 75861

    View on Map
    Claim this Listing
    For Sale
    $110,000

    LAND - Tennessee Colony, TX

    Lot size:
    5.00 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    44
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for PR 8608

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    98632
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Description
    See tax

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Kelli Hobbs

    Listing agent Kelli Hobbs License #0727745

    Listing office Premier Realty Corsicana, TX

    Listing date Apr 21, 2026

    MLS# 21241392 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

    • Owner financing available
    • 5‑acre tract of land
    • Septic system already in place
    • Located on a private road, offering added privacy
    • New survey available
    • Flexibility to build, bring in a new home, or start fresh

    Overview

    This 5-acre tract of land is located in Tennessee Colony, Texas, within the Cayuga Independent School District. The property offers the opportunity for customization. Situated on a private road, the location provides privacy and a quiet environment, while remaining accessible to nearby towns. The property includes a mobile home that will convey as-is, with the value placed in the land itself. There is an existing septic system in place. A well will need to be dug for water. A new survey is available. Owner financing is available.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tennessee Colony
    County
    Anderson
    State
    Texas
    Longitude
    -95.9526947
    Latitude
    31.886922

    Nearby Similar for Sale

    • $749,900

      Tennessee Colony Investment Opportunity

      Investment property with multiple manufactured homes along FM 321.
      11711 W FM 321, Tennessee Colony, TX 75861
      View Details
    • $649,900

      Ranch Land with Pasture and Trees

      Gently rolling pasture and mature native trees with existing water well and gated access for agricultural or private retreat use.
      2711 An County Road 2301, Tennessee Colony, TX 75861
      View Details
    • $212,500
      1,755 SF

      Remodeled Duplex with Income Potential

      Recently remodeled duplex with great income potential between Palestine and Corsicana.
      1409 An County Road 2301, TENNESSEE COLONY, TX 75861
      View Details
    • $749,900

      Manufactured Home Park Investment

      Multiple manufactured homes on an accessible, visible tract along FM 321, offering income-focused investment potential.
      11711 W Fm 321, Tennessee Colony, TX 75861
      View Details
    • $49,500

      Unimproved Wooded Acreage in Cayuga

      3.61 acres of unimproved wooded land with road frontage.
      An County Rd 2608, TENNESSEE COLONY, TX 75861
      View Details
    • $1,575,000

      Recreational Hunting Property with Trails

      180-acre hunting and recreational tract with established stands, feeders, food plots, and an onsite metal building for storage.
      600 Anderson County Road 2805, Tennessee Colony, TX 75861
      View Details
    • $415,000

      Agricultural Hunting Land

      Privately positioned acreage with mature trees and natural cover, currently suited for agricultural use and outdoor recreation.
      Private Road 8608, Tennessee Colony, TX 75861
      View Details
    • $35,000

      Land in Tennessee Colony, TX

      Three lots available in a quiet country setting.
      128 An County Road 2229, TENNESSEE COLONY, TX 75861
      View Details
    • $899,000
      1,000 SF

      Pristine 65-Acre Property Near Palestine

      Exceptional upgraded property perfect for hobby farmer or livestock owner.
      1026 An County Road 2218, Tennessee Colony, TX 75861
      View Details
    • $749,900

      Tennessee Colony Investment Opportunity

      Investment property with multiple manufactured homes along FM 321.
      11711 W Fm 321, Tennessee Colony, TX 75861
      View Details
    • $349,000

      32 Acres High Fence Property

      32-acre high fence property, ideal for retreat or homestead.
      640 County Road 2218, Tennessee Colony, TX 75861
      View Details
    • $1,580,000

      East Texas Hunter's Paradise Retreat

      158.81 acres near Cayuga, Texas, ideal for recreation.
      18971 N US Highway 287, Tennessee Colony, TX 75861
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved 5-acre tract with owner financing in Cayuga ISD.
    Where is this land located?
    The property is located at PR 8608 Tennessee Colony, TX.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Owner financing available; **5‑acre tract of land**; Septic system already in place
    (903) 467-9654
    We can help!
    Listing Contact
    Kelli Hobbs
    Real Estate License ID: 0727745
    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
    PR 8608, Tennessee Colony, TX 75861
    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!