15672 County Road 322
About This Property
Imagine starting your mornings surrounded by the Texas countryside, enjoying wide-open views, and having room to bring your plans to life. With 12 acres to explore, the possibilities extend beyond the boundaries of a traditional residential lot. Buyers can evaluate the land for their intended use, subject to applicable restrictions, utilities, access requirements, and local approvals.
Enjoy the character of the Terrell area, including historic downtown Terrell along Moore Avenue, with its local shops, restaurants, and seasonal events. Nearby attractions include Ben Gill Park, Film Alley, The Shops at Terrell, and Ham Orchards. Lake Tawakoni State Park offers additional opportunities for fishing, hiking, and outdoor recreation.
Terrell's connections to Interstate 20 and U.S. Highway 80 provide routes toward Dallas and surrounding East Texas communities, making it possible to enjoy a rural setting while remaining connected to regional shopping, employment, and entertainment.
If you've been searching for land with room to shape your next chapter, this 12-acre opportunity deserves a closer look. Contact us to learn more about the property or arrange a private tour.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2026 | Listed by Keller Williams Realty DPR | $400,000 | |
| Listed by Keller Williams Realty DPR | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017