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

    Scarlet Oak Rd lot 3, Gilmer, TX 75645

    View on Map
    Claim this Listing
    For Sale
    $42,000

    LAND - Gilmer, TX

    Lot size:
    1.00 Acre
    Added:
    Jun 11, 2025
    Days on Market:
    348
    Last Refresh:
    May 24 at 1:06 am

    Property Features for Scarlet Oak Rd lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    540

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Ben Norris

    Listing agent Ben Norris License #0668234

    Listing office Norris Real Estate 704 Cherokee St, Longview, TX

    Listing date Jun 11, 2025

    MLS# 20254055 Listing URL

    Copyright © 2026 Longview Area 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

    • 1 acre lot ready for building.
    • Located in Gilmer ISD.
    • Convenient location between Gilmer and Gladewater.
    • Mostly flat land with a gentle slope.
    • Fenced property.
    • Water Available.

    Overview

    This is a 1-acre lot located between Gilmer and Gladewater. The property is situated in Gilmer, TX, and is part of the Gilmer Independent School District. The land is mostly flat with a gentle slope on the back, offering a view. The lot is available for building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gilmer
    County
    Upshur
    State
    Texas
    Longitude
    -94.986655
    Latitude
    32.594722

    Nearby Similar for Sale

    • $450,000
      3,000 SF

      Remodeled Commercial Property on Highway

      Versatile commercial property in Gilmer with high visibility.
      307 US HWY 271 N, Gilmer, TX 75644
      View Details
    • $545,000
      4,800 SF

      Versatile Commercial Property in Gilmer

      Commercial property with multiple buildings and development potential in Gilmer.
      6761 State Hwy 154, Gilmer, TX 75644
      View Details
    • $139,900
      2,000 SF

      Gilmer Commercial Building For Sale

      New commercial building in growing area near Upshur Rural Electric.
      143 REA RD, Gilmer, TX 75644
      View Details
    • $129,900

      New Building in Gilmer, TX

      New commercial building with endless opportunities in Gilmer, Texas.
      135 REA Rd, Gilmer, TX 75644
      View Details
    • $372,500
      1,788 SF

      Versatile Commercial Property with Highway Frontage

      Commercial property with highway frontage, utilities, and development potential.
      7697 N State HWY 155, Gilmer, TX 75644
      View Details
    • $129,900
      1,950 SF

      New Commercial Building in Gilmer

      New commercial building near HWY 154, ready for business.
      135 REA Rd, Gilmer, TX 75644
      View Details
    • $299,000

      Highway 271 Commercial Property

      Commercial property on Highway 271 in Gilmer, Texas.
      9108 N US Hwy 271, Gilmer, TX 75644
      View Details
    • $630,000

      Secluded Ranch Retreat with Log Home

      Private 31-acre ranch with a luxurious log home.
      4834 FM 2088, Gilmer, TX 75644
      View Details
    • $649,000

      Prime Commercial Land in Gilmer

      Almost 1.5 acres of level raw land for sale.
      TBD Highway 271/300, Gilmer, TX 75645
      View Details
    • $245,000

      Versatile Land Between Longview, Diana

      2.752 acre tract with commercial and residential potential.
      9649 N US 259, Gilmer, TX 75647
      View Details
    • $599,000

      77+ Acre Ranch Near Gilmer

      Turnkey East Texas ranch ready for livestock and recreation.
      7981 Arrowwood Road, Gilmer, TX 75644
      View Details
    • $372,500

      Versatile East Texas Property

      11.6-acre property with commercial and residential potential near Gilmer.
      7697 State Hwy 155 N, Gilmer, TX 75645
      View Details

    FAQs

    What type of property is this?
    Commercial land - One acre lot in Gilmer ISD ready to build.
    Where is this commercial land located?
    The property is located at Scarlet Oak Rd lot 3 Gilmer, TX.
    What is the asking price?
    The asking price for this property is $42,000.
    What are key features of this property?
    This property features: 1 acre lot ready for building.; Located in Gilmer ISD.; Convenient location between Gilmer and Gladewater.
    (903) 738-9409
    We can help!
    Listing Contact
    Ben Norris
    Real Estate License ID: 0668234
    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
    Scarlet Oak Rd lot: 3, Gilmer, TX 75645
    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!