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    For Sale (29)

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    489 Acres Hunting Land Paradise
    $875,000
    489.73 Acres

    489 Acres Hunting Land Paradise

    Hunting land with water well, pond, and feeders near Del Rio.

    Fm 2523, Del Rio, TX 78832
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    22+ Acre Palestine Land Parcel
    $170,000
    22.09 Acres

    22+ Acre Palestine Land Parcel

    22.088 acres near Hwy 84E, suitable for building.

    Acr 1231, Palestine, TX 75801
    View details
    Land in Elkhart, Texas
    $340,000
    40.61 Acres

    Land in Elkhart, Texas

    40.61 acres of land with building sites in Elkhart.

    An County Road 185, Elkhart, TX 75839
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    Highway 84 Wooded Land
    $67,500
    4.53 Acres

    Highway 84 Wooded Land

    Unrestricted 4.53 acre wooded tract on Highway 84.

    Us Highway 84, Oakwood, TX 75855
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    Remote Acreage in Bedias, Texas
    $229,900
    10.00 Acres

    Remote Acreage in Bedias, Texas

    10-acre property with electric, ready for new home.

    Cr 177, Bedias, TX 75831
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    Turnkey Hunting Property in Del Rio
    $2,300,000
    993.80 Acres

    Turnkey Hunting Property in Del Rio

    993+ acre hunting property with pens, cabins, and facilities.

    13955 Ranch Road 2523, Del Rio, TX 78840
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    Turnkey Hunting Ranch in Del Rio
    $1,650,000
    504.08 Acres

    Turnkey Hunting Ranch in Del Rio

    High-fenced, 504-acre ranch with cabins and hunting amenities.

    13955 Fm 2523, Del Rio, TX 78840
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    Land with Utilities in Buffalo,TX
    $168,900
    16.92 Acres

    Land with Utilities in Buffalo,TX

    16.923 acre tract with utilities, ready for RV or homesite.

    9377 Private Rd 2851, Buffalo, TX 75831
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    Wooded Land with Utilities Ready
    $168,900
    16.92 Acres

    Wooded Land with Utilities Ready

    16.918 acres with water and electric in place.

    9223 Private Rd 2851, Buffalo, TX 75831
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    Land with Utilities in Buffalo,TX
    $168,900
    16.92 Acres

    Land with Utilities in Buffalo,TX

    16.92 acre tract with water and electric in place.

    9061 Private Rd 2851, Buffalo, TX 75831
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    Wooded Land Tract in Buffalo
    $168,900
    16.92 Acres

    Wooded Land Tract in Buffalo

    Secluded 16.918-acre tract with utilities near Buffalo, Texas.

    9301 Private Rd 2851, Buffalo, TX 75831
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    Wooded Land with Creek Access
    $168,900
    16.92 Acres

    Wooded Land with Creek Access

    Secluded 16.92-acre tract with water, electric, and creek.

    9001 Private Rd 2851, Buffalo, TX 75831
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    Secluded Wooded Acreage in Elkhart
    $149,900
    17.38 Acres

    Secluded Wooded Acreage in Elkhart

    17 acres of wooded land near Palestine, Texas.

    S State Hwy 287, Elkhart, TX 75839
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    Unrestricted Land Tract in Elkhart
    $59,900
    5.94 Acres

    Unrestricted Land Tract in Elkhart

    5.94 acres of unrestricted land, ideal for mobile home.

    An County Road 1204, Elkhart, TX 75839
    View details
    28 Acres of Cherokee Land
    $209,900
    28.00 Acres

    28 Acres of Cherokee Land

    28 acres of hunting land with trails near Rusk, TX.

    Cr 2116, Rusk, TX 75785
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    Rolling Land Tract in Palestine
    $219,963
    25.88 Acres

    Rolling Land Tract in Palestine

    25.88 acres with utilities, timber exemption, and owner financing.

    An County Road 443, Palestine, TX 75803
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    Rolling Land Tract in Palestine
    $219,631
    25.84 Acres

    Rolling Land Tract in Palestine

    25+ acre tract with utilities and owner financing.

    9 An County Road 443, Palestine, TX 75803
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    Secluded Acreage in Palestine, TX
    $175,000
    13.94 Acres

    Secluded Acreage in Palestine, TX

    13.937 acres with high hill building site and hunting.

    An County Road 451, Palestine, TX 75803
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    RV Ready Land in Palestine
    $170,000
    10.10 Acres

    RV Ready Land in Palestine

    10.1 acres with RV pad, septic, water, and electric.

    An County Road 443, Palestine, TX 75803
    View details
    Wooded Land in Van, TX
    $448,000
    64.00 Acres

    Wooded Land in Van, TX

    64-acre wooded land parcel with building sites near amenities.

    Cr 1514, Van, TX 79510
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    Wooded Land in Van, Texas
    $652,500
    87.00 Acres

    Wooded Land in Van, Texas

    87-acre wooded land parcel with building sites near amenities.

    Cr 1514, Van, TX 79510
    View details
    Secluded Land with Creek Access
    $112,900
    11.34 Acres

    Secluded Land with Creek Access

    11+ acres in Grapeland, TX with utilities and creek.

    Private Road 5772, Grapeland, TX 75844
    View details
    Wooded Acreage in Palestine, TX
    $114,900
    12.00 Acres

    Wooded Acreage in Palestine, TX

    12-acre wooded tract perfect for a country retreat.

    An County Road 353, Palestine, TX 75801
    View details
    Wooded Acreage in Palestine, Texas
    $124,900
    12.84 Acres

    Wooded Acreage in Palestine, Texas

    12+ acre wooded tract ready for your dream country retreat.

    An County Road 354, Palestine, TX 75801
    View details
    Flat Land in Palestine, TX
    $100,000
    5.07 Acres

    Flat Land in Palestine, TX

    5.073 acres of unrestricted land ready for development.

    166 An County Road 2920, Palestine, TX 75801
    View details
    Wooded Land Tract in Palestine
    $114,900
    12.00 Acres

    Wooded Land Tract in Palestine

    12-acre wooded tract perfect for a country retreat.

    An County Road 353, Palestine, TX 75801
    View details
    Wooded Land Near Palestine, TX
    $390,000
    40.00 Acres

    Wooded Land Near Palestine, TX

    40+/- acre wooded parcel, ideal for hunting or recreation.

    693 Acr 1231, Palestine, TX 75801
    View details
    Land in Apple Springs, TX
    $69,900
    5.60 Acres

    Land in Apple Springs, TX

    5.6 acre tract suitable for new construction or mobile home.

    Fm 2501, Apple Springs, TX 75965
    View details
    Midway, TX Land For Sale
    $199,950
    11.50 Acres

    Midway, TX Land For Sale

    11.5 acres of flat, mostly open land in Midway.

    Bozeman Ferry Rd, Midway, TX 75852
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hibbard Real Estate
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