2404 Co Rd Tool, TX 75143
Exceptional opportunity to own 124.01 acres of East Texas land in Henderson County, near Kemp, Texas. This property boasts a highly desirable blend of agricultural, residential, and recreational uses. Located less than an hour east of Dallas, it offers a private and secluded setting near Cedar Creek Lake. The land features approximately 1,750 feet of county road frontage, three ponds, and cross-fencing, making it ideal for a single-family homesite, potential development, or a private ranch. The property is currently ag-exempt and outside Kemp city limits, with no restrictions. Note that a portion of the property lies within a FEMA-designated floodplain. Wildlife includes whitetail deer and hogs. Water access is provided by a creek and ponds. Mineral rights are excluded from the sale. The asking price is $1,302,105, representing a price per acre of $10,500. A survey is not available. Buyers are responsible for verifying all information, including zoning, schools, and acreage. Directions: From the intersection of Highway 274 and FM 85 in Seven Points, go west. Turn left onto County Road 2404 and proceed approximately two miles. The property will be on the right. Any and all livestock are excluded from the sale (negotiable).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.