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$319,900

NAL Estimated Property Value

1928 County Road 218, Gainesville, TX, 76240

Off MarketInfo
Baths0 Bath

About this property

This 13.5 acre property in Cooke County offers a combination of open land, accessibility, and flexibility for rural living or agricultural use. Located approximately 6 miles from downtown Gainesville and 2 miles from Interstate 35, the tract provides convenient access to nearby services and travel routes while maintaining a rural setting. The land includes approximately 400 feet of county road frontage, offering direct access for future improvements. Electricity is available along the county road. According to available mapping, the property contains no floodplain. There are no restrictions, allowing for a range of potential uses according to county guidelines. The acreage is suited for a homesite, hobby farm, or continued agricultural operation. An active agricultural exemption is in place, which may help reduce property taxes for qualifying land use. Open terrain offers space for future improvements such as fencing, barns, or livestock areas. The property’s location allows access to regional amenities. Highway 82 is approximately 10 miles away, and Lake Ray Roberts is about 30 minutes from the property, offering public fishing, hunting, and boating opportunities. The area reflects a mix of rural character and expanding interest in acreage tracts in North Texas. This tract provides an option for those seeking land with open space, road access, available utilities, and agricultural potential. Additional contiguous acreage is available for buyers seeking a larger parcel. Buyer to verify all information.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,919 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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: Gainesville

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1928 County Road 218 | Property Details | No Agent List