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    The Largest CRE Database in the US with Over 1 Million Listings

    11591-1 Farm Road 269 S Pickton, TX 75471

    Sponsored
    For Sale
    $399,900

    Traditional, Farm/Ranch - Pickton, TX

    Type:Farm
    Property size:
    2,617 SF
    Lot size:
    12.80 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 6 at 12:06 pm

    Property Features for 11591-1 Farm Road 269 S

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    3
    APN
    Part of R000016258
    Parking features
    Driveway
    Patio and Porch features
    Patio, Porch
    Interior features
    Cathedral Ceiling(s), Loft, Open Floorplan, Paneling, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Private Yard, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Washer
    Size
    2,617 SF
    Lot size
    12.80 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Fireplace Insert
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1980
    Floors in Building
    2
    Flooring type
    Brick, Carpet, Vinyl
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Janet Martin
    Janet Martin

    Janet Martin Realty (903) 885-1234

    Listing agent Janet Martin (903) 885-1234 License #0479952

    Listing date Jan 19, 2026

    MLS# 21110958 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

    Property Insight Report

    Overview

    Chalet-Style Home on Wooded Acreage

    This property features a brick chalet-style home situated on 12.8 acres of mostly wooded land with an AG-exemption in Southern Hopkins County. A concrete drive provides access to the main house, which includes a 20x20 great room with brick paver flooring, cathedral ceilings, a built-in bookcase, a brick fireplace, and multiple windows. An additional 16x28 living room, also with brick paver flooring, could serve as a third bedroom. The open floor plan facilitates flow between the dining room and the great room. The kitchen is equipped with ample cabinet storage, a cooktop stove, and a double wall oven. The downstairs area includes a 14x19 primary ensuite with double sinks, a garden tub, two walk-in closets, and a separate shower. A half-bath is also accessible to guests downstairs. Upstairs, there is a loft, a second bedroom with a walk-in closet, and a full bathroom. An outdoor second-story front deck is accessible from outside. The living areas and dining room feature high-grade wood panel walls. Additional features include a covered front porch with a swing, a two-car attached garage, and a storage shed. The property also includes a smaller house with a tenant. The property offers a quiet country setting with a private yard and outdoor space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Law Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pickton
    County
    Hopkins
    State
    Texas
    Longitude
    -95.392982
    Latitude
    33.004756

    Nearby Similar for Sale

    • $699,000
      2,617 SF

      Chalet-Style Home on Wooded Acreage

      One-owner home on 49 wooded acres with rental property.
      11591 Farm Road 269 S, Pickton, TX 75471
      View Details
    • $1,250,000
      20.00 Acres

      Pickton Industrial Facility on Acreage

      20,000+ sqft commercial facility on 20 acres in Pickton.
      14733 Texas Highway 11 E, Pickton, TX 75471
      View Details
    • $299,000
      1,480 SF

      Pickton Ranch with AG-Exemption

      36.9-acre wooded ranch with cottage in Hopkins County, Texas.
      11591-2 Farm Road 269 S, Pickton, TX 75471
      View Details

    FAQs

    What type of property is this?
    Farm - Charming brick chalet on 12.8 acres with AG-exemption.
    Where is this farm located?
    The property is located at 11591-1 Farm Road 269 S Pickton, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - 12.8 acres with AG-exemption in Southern Hopkins County.; - Main house features a **20x20 great room with brick paver flooring, cathedral ceilings, fireplace, and built-in bookcase.**; - **Primary ensuite includes double sinks, garden tub, 2 walk-in closets, and separate shower.**
    (903) 885-1234
    Request Owner's contact information
    11591-1 Farm Road 269 S Pickton, TX 75471
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    Pickton, TX 75471
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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
    11591-1 Farm Road 269 S Pickton, TX 75471
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    We can help!
    Listing Contact
    Janet Martin
    Janet Martin
    Real Estate License ID: 0479952
    (903) 885-1234
    Learn more
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