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Property profile & analytics
OFF-MARKET
Land

T35 Fm 355 Lacy, TX 75845

23 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 23-acre property, located near Groveton, Texas (APN: Portion of 23195), presents a unique investment opportunity. Priced at $229,885 ($9,995/acre), this land boasts convenient access via FM 355. Historically utilized as industry forestland, the property features a mix of varying-aged pine plantations and hardwoods situated along creek drains. Its high and dry terrain makes it ideal for recreational pursuits or conversion into improved farmland or ranchland. The property is being offered for the first time on the open market and presents a versatile opportunity for continued silviculture or a shift in land use. Situated in Trinity County, Texas, with a Lacy, TX city verification, and a Groveton, TX city designation, this property is located at T35 FM 355, zip code 75845 (latitude 31.011806, longitude -95.136305). This is a rare chance to acquire a well-situated tract of land with diverse potential.

Property profile
Verified
Property type Land
Lot 23 ac (1,001,880 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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