Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5.34 Acres in Tatum, TX Title is generated by Realmo AI

    SH 149, Tatum, TX 75691

    View on Map
    Claim this Listing
    For Sale
    $140,000

    LAND - Tatum, TX

    Lot size:
    5.34 Acres
    Added:
    Oct 4, 2025
    Days on Market:
    233
    Last Refresh:
    May 24 at 1:06 pm

    Property Features for SH 149

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    5.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4

    We can help!

    Listing Contact
    Susan Jackson
    Susan Jackson

    Listing agent Susan Jackson License #0572071

    Listing office Century 21 Platinum Partners 314 N Polk Street, Atlanta, TX

    Listing date Oct 4, 2025

    MLS# 20256803 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

    • 5.34 acres of land in Tatum, Texas
    • Accessible from both Hwy 149 (Hill Street) and Melinda Street
    • Suitable for residential or commercial development
    • High visibility along Hwy 149
    • Features a live creek and abundant wildlife
    • Fenced property

    Overview

    This 5.34-acre property is located in Tatum, Texas, with access from both Hwy 149 (Hill Street) and Melinda Street. The land presents opportunities for residential or commercial development. The property's location along Hwy 149 offers high visibility. A live creek enhances the natural beauty of the land, which also features abundant wildlife. The property provides space for outdoor activities, such as creating a private park or riding 4-wheelers.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tatum
    County
    Rusk
    State
    Texas
    Longitude
    -94.6057
    Latitude
    32.3175

    Nearby Similar for Sale

    • $255,000

      Tatum Multifamily Investment Opportunity

      Two leased manufactured homes on over an acre in Tatum.
      16805 FM 1797, Tatum, TX 75691
      View Details
    • $480,000
      4 SF

      Retail Space with Storage in Tatum

      Retail space with enclosed shop and covered storage in Tatum.
      691 N. Hill St. Tatum, TX 75691, TX 75691
      View Details
    • $2,664,000

      Tatum, TX Rural Acreage

      333.85 acres of land with water and electric frontage.
      TBD County Road 394, Tatum, TX 75691
      View Details
    • $60,000

      Cleared Acre Lot, Pad Ready

      One-acre cleared lot in The Meadows Subdivision, pad ready!
      TBD Lot 19 County Road 2204D, Tatum, TX 75691
      View Details
    • $2,664,000

      Tatum Ranch Land For Sale

      333.85 acres of ranch land with water and electricity.
      Tbd County Road 394, Tatum, TX 75691
      View Details
    • $60,000

      Cleared Acre Lot, Pad Ready

      One-acre cleared lot in The Meadows Subdivision, ready to build.
      TBD LOT 18 County Road 2204D, Tatum, TX 75691
      View Details
    • $65,000

      Unrestricted Land in Tatum ISD

      7.873 acres of wooded land with creek and utilities.
      FM 2658, Tatum, TX 75691
      View Details
    • $480,000
      6,000 SF

      Retail Space in High-Traffic Area

      Retail space with shop, storage, and ample parking.
      691 Hill St, Tatum, TX 75691
      View Details
    • $249,000
      2,738 SF

      Retail Building on SH 149

      2738 sqft building on 1.89 acres near Tatum, TX.
      13528 SH 149, Tatum, TX 75691
      View Details
    • $30,800

      Residential Land in Tatum, TX

      One-acre residential lot in Tatum ISD, ready for your dream home.
      TBD Lot 16 CR 2204 D & FM 1797, Tatum, TX 75691
      View Details
    • $30,800

      Residential Land in Tatum, TX

      One-acre residential lots in Tatum ISD, The Meadows Subdivision.
      TBD Lot 35 CR 2204 D & FM 1797, Tatum, TX 75691
      View Details
    • $29,000

      Residential Land in Tatum, TX

      One-acre residential lot in Tatum ISD, ready for your dream home.
      TBD Lot 20 CR 2204 D & FM 1797, Tatum, TX 75691
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.34 acres in Tatum, TX with highway access.
    Where is this commercial land located?
    The property is located at SH 149 Tatum, TX.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: 5.34 acres of land in Tatum, Texas; Accessible from both Hwy 149 (Hill Street) and Melinda Street; Suitable for residential or commercial development
    (903) 720-7517
    We can help!
    Listing Contact
    Susan Jackson
    Susan Jackson
    Real Estate License ID: 0572071
    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
    SH 149, Tatum, TX 75691
    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!