Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kaufman Acreage with Development Potential Title is generated by Realmo AI

    10398 Fm 429, Kaufman, TX 75142

    View on Map
    Claim this Listing
    New
    For Sale
    $1,295,000

    Unimproved Land - Kaufman, TX

    Type:Unimproved Land
    Lot size:
    47.26 Acres
    Added:
    May 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for 10398 Fm 429

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    981
    Lot size
    47.26 Acres

    Building Details

    Year built
    1980
    Architectural style
    Other

    We can help!

    Listing Contact
    Beth Gaskill
    Beth Gaskill

    Listing agent Beth Gaskill License #0558780

    Listing office Keller Williams Realty-FM 2611 Cross Timbers Ste. 100, Flower Mound, TX

    Listing date May 30, 2026

    MLS# 21278256 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location: Less than 1 mile from Texas Zoofari Park and 22 miles from Canton Trade Days.
    • Large acreage: 47.26 acres of land with treed views and a pond.
    • Wildlife AG exemption: Benefit from lower property taxes.
    • Road Frontage: Over 870 feet of FM 429 frontage.
    • Outside city limits: No HOA restrictions.
    • Existing Home & Barn: A functional starting point for future plans.

    Overview

    This 47.26-acre property in Kaufman, Texas, presents a development opportunity. Located less than 1 mile from Texas Zoofari Park and 22 miles from Canton Trade Days, the land features open skies, treed views, and a pond. Grapevines drape along the fencing. The property has over 870 feet of frontage on FM 429, is outside city limits, and has no HOA. A wildlife AG exemption is in place for lower taxes. The property includes an existing home and barn considered the only structures safe to enter. Several additional buildings remain but are unusable and have little to no contributory value. The property is being sold AS-IS. The land is suited for a private homestead, equestrian retreat, destination Airbnb, boutique bed & breakfast, weekend escape, hunting property, or family compound.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Building Supply Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kaufman
    County
    Kaufman
    State
    Texas
    Longitude
    -96.150089
    Latitude
    32.629402

    Nearby Similar for Sale

    • $250,000
      3,654 SF

      Downtown Kaufman Mixed-Use Opportunity

      Two-story commercial property in downtown Kaufman with versatile functionality.
      505 S Washington Street, Kaufman, TX 75142
      View Details
    • $1,295,000
      1,400 SF

      Kaufman Acreage with Development Potential

      47.26 acres near Texas Zoofari Park with development potential.
      10398 Fm 429, Kaufman, TX 75142
      View Details
    • $675,000

      Kaufman, TX 10-Acre Land Tract

      10 acres with highway frontage in growing Kaufman County.
      5915 E Hwy 175, Kaufman, TX 75142
      View Details
    • $1,799,900
      9,832 SF

      Income-Producing Daycare on 27 Acres

      Turnkey daycare business with residence, barn, ponds, and expansion potential.
      9555 County Road 155, Kaufman, TX 75142
      View Details
    • $299,000
      1,200 SF

      Improved Land with Workshop, Kaufman

      5-acre property with workshop, barn, and rural living potential.
      4331 Fm 2727, Kaufman, TX 75142
      View Details
    • $650,000

      Unrestricted Land with Highway Frontage

      22-acre unrestricted land with highway frontage, ideal for various uses.
      0 State Highway 243, Kaufman, TX 75142
      View Details
    • $650,000

      Unrestricted Land with Highway Frontage

      22-acre unrestricted land with highway frontage, suitable for various uses.
      0 State Hwy 243, Kaufman, TX 75142
      View Details
    • $159,000

      Kaufman County Acreage For Sale

      3.598 acres in Kaufman County, ideal for residential development.
      00 FM 1836, Kaufman, TX 75142
      View Details
    • $2,295,000

      Kaufman County Land Opportunity

      32.5 acres in Kaufman County with development potential.
      9562 County Road 147, Kaufman, TX 75142
      View Details
    • $381,803

      Kaufman Land For Sale

      1.753 acre commercial land for sale in Kaufman, Texas.
      Tbd Commerce Way Lot 15A, Kaufman, TX 75142
      View Details
    • $199,000

      Kaufman Vacant Land Opportunity

      3.393 acres of unzoned land suitable for various uses.
      0000 Hwy 175, Kaufman, TX 75142
      View Details
    • $800,000

      Kaufman TX Commercial Land ForSale

      6.67 acre commercial land with highway frontage in Kaufman, TX.
      00 E US Hwy 175, Kaufman, TX 75142
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 47.26 acres near Texas Zoofari Park with development potential.
    Where is this agricultural land / farmland located?
    The property is located at 10398 Fm 429 Kaufman, TX.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Prime location: Less than 1 mile from Texas Zoofari Park and 22 miles from Canton Trade Days.; Large acreage: **47.26 acres of land with treed views and a pond.**; Wildlife AG exemption: Benefit from lower property taxes.
    (972) 874-1905
    We can help!
    Listing Contact
    Beth Gaskill
    Beth Gaskill
    Real Estate License ID: 0558780
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10398 Fm 429, Kaufman, TX 75142
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!