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$740,000

NAL Estimated Property Value

TBD County Road 321, Gorman, TX, 76454

Off MarketInfo

About this property

107.9 acres located just 3 miles from Gorman, Texas, with approximately half a mile of paved frontage along County Road 321. This diverse property features 54± acres of open pasture in native grasses with sandy loam soil—ideal for hay production or conversion to Coastal Bermuda. The remaining acreage is heavily wooded, offering privacy, cover for wildlife, and the potential to clear additional pasture while preserving mature hardwoods. A 1± acre stock pond provides water for livestock and attracts abundant wildlife including dove, deer, turkey, and hogs. The property is currently under Ag exemption, with 2024 property taxes totaling just $139.21. Perimeter fencing is barbed wire and in fair condition. Topography is gently sloped, and the productive soil throughout the property makes it suitable for agricultural use or a future homestead. While there is no working water well on-site, neighboring properties do have wells in place. Whether you're looking to build a dream home, run livestock, or enjoy recreational opportunities, this Eastland County tract offers flexibility, functionality, and investment potential.

Investor Tools

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$740,000
Estimated Property Value
$0Estimated Mortgage Balance
$740,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,440 /month
Positive
Cash Flow Estimate:
$1,480 /month

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Financing Details

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

City: Gorman

TBD County Road 321 | Property Details | No Agent List