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Days48Days on Market
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$1,000,000

1799 U.S. Hwy 271 N, Gilmer, TX, 75644

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size6.65 acres

Land Information

APN65050822
Land UseAgriculture / Farming
Legal DescriptionABS A483 THOMAS, JACKSON,TRACT 4, 6.65 ACRES & HOUSE, UNDIVIDED INTEREST 16.6600000000%
Census Tract950301
Assessed Land Value$12,740
Assessed Improvement Value$9,953
Assessment Year2025

About this property

Prime 9.91-acre investment opportunity located just outside the city limits of Gilmer. This versatile tract offers dual water sources with city water access and an on-site deep well, adding immediate value and reducing development costs. With no city restrictions, the property is ideally suited for a wide range of income-producing uses including commercial, industrial, agricultural, or mixed-use development. The level terrain and convenient location provide excellent accessibility and long-term growth potential. An existing older frame home sits toward the rear of the property and could be renovated for rental income, used as on-site housing, or removed to maximize development potential. Whether you're looking to develop, hold, or create multiple revenue streams, this property presents a strong investment opportunity with significant upside.

Investor Tools

$0Estimated Mortgage Balance
$22,693Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,000 /month
Positive
Cash Flow Estimate:
$2,000 /month

Interested in this property?

Abigail Stewart

Stewart Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$27/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$210
$22,693
2025
$12,740
$9,953
$22,693
No

Tax History

Year
Tax Paid
Assessed Value
2025
$210
$22,693

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$22,693
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gilmer

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1799 U.S. Hwy 271 N | Property Details | No Agent List