TBD FM-3218 #1
About This Property
Don't miss this opportunity to own 25.4 acres of wide-open land in Commerce, Texas. Whether you're dreaming of building a home, starting a small ranch, or simply enjoying the peace and privacy of rural life, this property offers the space and potential to make it happen.
Located just outside the city, this land provides the perfect blend of country living with access to nearby amenities. Enjoy the freedom to create your ideal retreat, recreational getaway, or long-term investment-all in the heart of Northeast Texas.
Buyer to verify all information provided in this listing.
Make your move and claim your piece of Texas land today in Commerce!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 17, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$179,000
↓ $20K
(10.1%) | |
| Price Decreased | |||
| May 7, 2025 | Listed by EXP REALTY | $199,000 | |
| Listed by EXP REALTY | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20928905
Details provided by NTREIS and may not match the public record
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