Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Open-Pasture Land with Pond Title is generated by Realmo AI

    Hwy 37, Quitman, TX 75783

    View on Map
    Claim this Listing
    For Sale
    $450,000

    LAND - Other - Quitman, TX

    Lot size:
    22.76 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    135
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for Hwy 37

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R11475
    Lot size
    22.76 Acres

    Taxes and HOA fees

    Tax Description
    ABS 0028; BURCH S; TRACT PT TR 76; 22.761 ACRES

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Elisa Willis
    Elisa Willis

    Listing agent Elisa Willis License #0669925

    Listing office Century 21 First Group Sulphur Springs, TX

    Listing date Jan 19, 2026

    MLS# 21157779 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

    • East Texas land with open pasture framed by mature trees and gently rolling terrain
    • Sandy loam soil and current agricultural exemption
    • Includes a small spring‑fed pond that could be expanded
    • Utilities available at the road
    • No restrictions reported on the property

    Overview

    This property is open pasture land framed by mature trees, with gently rolling terrain and pasture ready for a variety of uses. The land is described as having sandy loam soil and currently carries an agricultural exemption. A small spring-fed pond is included, with the potential to be expanded depending on the buyer’s plans. Utilities are available at the road, helping streamline any future buildout or farming improvements. The seller notes there are no restrictions in place.

    Located just minutes from historic downtown Quitman, the setting is positioned for buyers seeking a quieter rural environment with convenient access to town amenities. The listing also highlights proximity to Lake Fork, described as being about five miles away, which may appeal to fishing and outdoor recreation.

    With its mix of open ground and tree cover, this tract is a strong fit for buyers looking for a weekend retreat, a future home site, or an operating farm setup. The presence of the spring-fed pond and agricultural exemption support agricultural-minded use, while the lack of restrictions provides flexibility for prospective owners exploring personal or long-term development plans.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Quitman
    County
    Wood
    State
    Texas
    Longitude
    -95.4322848
    Latitude
    32.80706025

    Nearby Similar for Sale

    • $924,900
      7,377 SF

      Downtown Quitman Commercial Property

      Prime commercial property in downtown Quitman with multiple office units.
      105 State Highway 154, Quitman, TX 75783
      View Details
    • $250,000

      Remodeled Commercial Office Building

      Completely remodeled, move-in ready building with reception, multiple offices, and flexible space for professional services or retail.
      113 E Goode Street, Quitman, TX 75783
      View Details
    • $1,500,000

      Waterfront Washateria with Boathouse Access

      A fully equipped washateria paired with a waterfront home and private boathouse access for versatile business and lifestyle use.
      3016 W State Highway 154, Quitman, TX 75783
      View Details
    • $225,000

      Dry Boat Storage Facility

      20-unit dry boat storage with electric and lights, plus rentable containers and covered parking.
      W STATE HWY 154, Quitman, TX 75783
      View Details
    • $200,000
      798 SF

      Furnished Tiny Home Investment

      Turnkey tiny homes in a Lake Fork community offer furnished short-term rental bookings and on-site recreation amenities.
      275 and 281 Indian Gap, Quitman, TX 75783
      View Details
    • $725,000

      Working Cattle Ranch Land

      Mostly cleared pasture with fencing, creeks, and ponds, plus utilities at the road, offering build-and-graze flexibility.
      775 County Road 4919, Quitman, TX 75783
      View Details
    • $500,000

      High-Visibility Lake Fork Land Parcel

      Prime commercial land with highway frontage near Lake Fork, offering visibility and utilities for a variety of development uses.
      W ST HWY 154, Quitman, TX 75783
      View Details
    • $800,000

      Wooded Development Land with Road Frontage

      An approximately 80-acre tract with substantial frontage and pre-parceled structure, ideal for custom homesites or multi-parcel investment.
      County Road 3170, Quitman, TX 75783
      View Details
    • $280,000

      Turnkey Income Duplex

      Two fully occupied 3-bedroom units provide immediate income potential with dedicated utility space and sizable yards.
      671 & 673 County Road 4116, Quitman, TX 75783
      View Details
    • $1,864,000

      Multi-Use Land Tract with Highway Frontage

      Large acreage with dual road frontage offers flexible options for agriculture, recreation, or long-term investment planning.
      State Highway 154, Quitman, TX 75783
      View Details
    • $353,400

      Fenced Hobby Farm with Pond Views

      Fenced acreage with a pond picnic area, gated access, and agricultural infrastructure for flexible rural living or recreation.
      County Road 1468, Quitman, TX 75783
      View Details
    • $399,500

      Hunting & Recreation Land

      Turnkey acreage with trail access, established blinds, and wildlife habitat for camping, hunting, and ATV weekends.
      CR 4960, Quitman, TX 75783
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Versatile East Texas pasture land with sandy loam, a spring-fed pond, and utilities at the road.
    Where is this agricultural land / farmland located?
    The property is located at Hwy 37 Quitman, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: East Texas land with open pasture framed by mature trees and gently rolling terrain; Sandy loam soil and current agricultural exemption; Includes a small spring‑fed pond that could be expanded
    (903) 885-3146
    We can help!
    Listing Contact
    Elisa Willis
    Elisa Willis
    Real Estate License ID: 0669925
    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
    Hwy 37, Quitman, TX 75783
    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!