Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10840 281 Hwy Perrin, TX 76486

    Sponsored
    For Sale
    $309,000

    Unimproved Land - Perrin, TX

    Type:Unimproved Land
    Lot size:
    21.01 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 25 at 7:06 pm

    Property Features for 10840 281 Hwy

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    4897T4
    Lot size
    21.01 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Krayton Kirkpatrick

    Kirkpatrick Realty, LLC (817) 597-0698

    Listing agent Krayton Kirkpatrick (817) 597-0698 License #0621854

    Listing date Jan 10, 2026

    MLS# 20913787 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.

    Learn more

    Overview

    Perrin, TX Unimproved Land

    This 21.01-acre tract of unimproved land in Perrin, TX, offers a diverse landscape with abundant wildlife and native grasses. The property is partially treed, featuring mature post oaks and live oaks, creating secluded building locations suitable for a custom home or barndo. An existing water well is located on the property. Ideal for hunting or wildlife enthusiasts, this tract provides a weekend getaway within an hour's drive of the DFW Metroplex. The location is convenient to Weatherford, the Historical Baker Hotel in Mineral Wells, and Possum Kingdom Lake. The property is suited for a country lifestyle, accommodating horses, dogs, and children.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Perrin
    County
    Jack
    State
    Texas
    Longitude
    -98.06285752
    Latitude
    32.95701858

    Nearby Similar for Sale

    • $2,750,000
      2,990 SF

      Perrin Farm and Ranch Property

      48.5 acre farm with equestrian facilities and residential retreat.
      1600 Logans Run Rd, Perrin, TX 76486
      View Details
    • $2,895,000
      286.00 Acres

      286-Acre Ranch with Mineral Rights

      Picturesque ranch featuring live water, mature trees, and recreational opportunities.
      Tbd Bartons Chapel Rd E, Perrin, TX 76486
      View Details
    • New
      $250,000
      1,698 SF

      Farm/Ranch on 5.425 Acres

      Charming Texas farm with barn and sheds on 5.425 acres.
      250 Our Rd, Perrin, TX 76486
      View Details
    • $3,540,186
      433.78 Acres

      Holden Ranch: 431 Acres in Texas

      Breathtaking 431-acre Texas ranch with diverse terrain and abundant water.
      431.73 Acres 199 Hwy, Perrin, TX 76486
      View Details
    • $450,000
      40.00 Acres

      Perrin Ranch with Conservation Lake

      40-acre ranch abutting a soil conservation lake.
      2077 B Shawver Rd, Perrin, TX 76486
      View Details
    • $4,950,000

      Perrin Agricultural Property for Sale

      Agricultural property available in Perrin, Texas.
      5939 Fm 52, Perrin, TX 76486
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 21.01 acre tract ideal for custom home or weekend getaway.
    Where is this agricultural land located?
    The property is located at 10840 281 Hwy Perrin, TX.
    What is the asking price?
    The asking price for this property is $309,000.
    What are key features of this property?
    This property features: - 21.01 acre tract ideal for custom home or barndo build.; - Existing water well in place.; - Abundant wildlife and native grasses on a partially treed canvas.
    (817) 597-0698
    Request Owner's contact information
    10840 281 Hwy Perrin, TX 76486
    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.
    10840 281 Hwy
    Perrin, TX 76486
    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
    10840 281 Hwy Perrin, TX 76486
    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

    We can help!
    Listing Contact
    Krayton Kirkpatrick
    Real Estate License ID: 0621854
    (817) 597-0698
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.