TBD Tract 2 State Highway 155
About This Property
Great opportunity to own 30 acres of open, improved pastureland located on State Highway 155 within the desirable Ore City ISD. This versatile property is just minutes from the US 259 corridor, offering convenient access to both Gilmer and Longview.
The land features gently rolling terrain, partial fencing, with entrance with gate and old water well. Seller is not aware of condition of well. Property is ideal for a homesite, livestock, or recreational use. With highway frontage and utilities nearby, it's ready for your vision-whether you're building a dream home, starting a small farm, or investing in East Texas land.
Additional 30-acre tract available adjacent to this tract.
Don't miss this attractive tract with great location and potential!
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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 |
|---|---|---|---|
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Nov 24, 2025 | Price Decreased |
$240,000
↓ $15K
(5.9%) | |
| Price Decreased | |||
| Sep 2, 2025 | No longer available | - | |
| No longer available | |||
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Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 20994311
Details provided by NTREIS and may not match the public record
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