Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Acreage in Smith County Title is generated by Realmo AI

    TBD Hwy 135, Troup, TX 75789

    View on Map
    Claim this Listing
    New
    For Sale
    $932,520

    Rural Acreage - Troup, TX

    Lot size:
    155.42 Acres
    Added:
    May 27, 2026
    Days on Market:
    5
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for TBD Hwy 135

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fencing
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    155.42 Acres

    Taxes and HOA fees

    Tax Annual Amount
    61.76

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Clint Covington

    Listing agent Clint Covington License #0582436

    Listing office One Rock 505 Wilma, Tyler, TX

    Listing date May 27, 2026

    MLS# 26007415 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 155 acres in Smith County, featuring a blend of wooded areas and open pasture.
    • Extensive water resources including Mud Creek and multiple additional creeks.
    • Approximately 2,500 feet of frontage on Hwy 135 with two gated entrances.
    • Numerous elevated, scenic homesites suitable for building.
    • Varied terrain provides exceptional habitat for wildlife and fishing opportunities.
    • Fenced property.

    Overview

    This East Texas property offers approximately 155 acres of Smith County landscape, featuring a combination of wooded areas and open pasture. Mud Creek borders the western side, complemented by additional creeks and water features throughout the property. The land includes approximately 2,500 feet of frontage on Hwy 135, with two gated entrances. The property has elevated homesites suitable for a custom home, cabin, or rural retreat. The varied terrain, including open meadows, creek bottoms, timber, and standing water, provides habitat for whitetail deer, hogs, waterfowl, and other East Texas wildlife. The creeks and water features offer fishing opportunities. The land is located in Troup, Texas.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Troup
    County
    Smith
    State
    Texas
    Longitude
    -95.1103
    Latitude
    32.0774

    Nearby Similar for Sale

    • $1,764,000
      3,028 SF

      Equestrian Estate & Team Roping Ranch

      35.56-acre estate designed for the serious team roper.
      23241 County Road 2159, Troup, TX 75789
      View Details
    • $1,050,000
      3,102 SF

      Troup Farm and Ranch Property

      Spacious 3-bedroom farm and ranch on 25+ acres.
      219 W Twin Creeks Trail, Troup, TX 75789
      View Details
    • $295,000
      4,815 SF

      Historic Church in Troup, Texas

      Restored 1908 church with modern updates and historic charm.
      201 S Carolina, Troup, TX 75789
      View Details
    • $1,700,000
      3,728 SF

      Versatile Income-Producing Ranch Estate

      112-acre Texas estate with income-generating potential.
      542 CR 4716, Troup, TX 75789
      View Details
    • $770,000
      11,000 SF

      Troup, TX Warehouse with Office

      11,000 SF warehouse with office space on 4.66 acres.
      10991 ST HWY 135 N, Troup, TX 75789
      View Details
    • $699,500
      1,640 SF

      East Texas Hunting Ground Retreat

      36.91 acre ranch with home and shop near Troup.
      640 County Road 4910, Troup, TX 75789
      View Details
    • $223,000

      Income-Producing Multi-Unit Property in Troup

      Two well-maintained manufactured homes on one lot with reliable tenants.
      1495 CR 4224, Troup, TX 75789
      View Details
    • $750,000

      Troup, TX Land with Vineyard

      100.5 acre property with recreational, agricultural, and residential potential.
      00 County Road 2138, Troup, TX 75789
      View Details
    • $124,900
      1,020 SF

      Acreage with Development Potential

      3.473 acres with city utilities, development or renovation opportunity.
      1307 County Line Rd., Troup, TX 75789
      View Details
    • $659,500

      Troup, TX Rural Acreage

      52.43 acres of pasture land near downtown Troup.
      335 COUNTY ROAD 4802 & Hwy 110, Troup, TX 75789
      View Details
    • $932,520

      Versatile Land with Highway Frontage

      155 acre East Texas property with diverse features.
      Tbd Hwy 135, Troup, TX 75789
      View Details
    • $980,000

      Secluded Cherokee County Recreational Land

      245+ acres of mixed timber with creek frontage near Troup.
      00 Off of Farm to Market Road 2064, Troup, TX 75789
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 155-acre property with diverse landscape, water features, and highway frontage.
    Where is this agricultural land / farmland located?
    The property is located at TBD Hwy 135 Troup, TX.
    What is the asking price?
    The asking price for this property is $932,520.
    What are key features of this property?
    This property features: Approximately 155 acres in Smith County, featuring a blend of wooded areas and open pasture.; Extensive water resources including Mud Creek and multiple additional creeks.; Approximately 2,500 feet of frontage on Hwy 135 with two gated entrances.
    (903) 253-3371
    We can help!
    Listing Contact
    Clint Covington
    Real Estate License ID: 0582436
    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
    TBD Hwy 135, Troup, TX 75789
    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!