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    1207 State Highway 24 Campbell, TX 75422

    Sponsored
    For Sale
    $1,795,000

    Ranch, Farm/Ranch - Campbell, TX

    Type:Farm
    Property size:
    1,040 SF
    Lot size:
    54.88 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 1 at 11:06 am

    Property Features for 1207 State Highway 24

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1
    APN
    36860
    Parking features
    Carport, Covered
    Patio and Porch features
    Patio, Porch
    Interior features
    Eat-in Kitchen, Kitchen Island
    Exterior features
    Awning(s), Covered Patio/Porch, Rain Gutters, Private Yard, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Microwave, Oven - Gas, Range
    Size
    1,040 SF
    Lot size
    54.88 Acres

    Utilities

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

    Building Details

    Year built
    1950
    Floors in Building
    1
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Tom Hendricks

    Janet Martin Realty (903) 885-1234

    Listing agent Tom Hendricks (903) 885-1234 License #0721107

    Listing date Feb 26, 2026

    MLS# 21191341 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

    Highway Frontage Ranch with Cottage

    This 54-acre, AG-exempt property is located on Highway 24 and features a 2-bedroom cottage with an updated kitchen, gas stove, pocket doors, and updated natural flooring. A covered concrete patio includes an outdoor fireplace. The property includes several ponds and a barn. There are no restrictions on the property. The property's location offers potential for various uses. It is located minutes from Greenville and Texas A& M Commerce, with over 1100 feet of highway frontage. The deep sandy soil provides opportunities for commercial usage or grass and crop production. The property is bordered by Timber Creek on the south. The barn has working pens, and there is new fencing on the back portion of the property. Rolling hills feature scattered pines and oaks. The updated farmhouse provides immediate housing. A road runs through the entire property. The property is located 2 minutes from I30 on Hwy 24. The property also has several small sheds and barns. The property includes ponds for surface water and recreation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Bar & Pub Garden Center Tech Support Center Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Campbell
    County
    Hunt
    State
    Texas
    Longitude
    -95.965615
    Latitude
    33.141865

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    FAQs

    What type of property is this?
    Farm - 54-acre ranch with cottage, ponds, barn, and highway frontage.
    Where is this farm located?
    The property is located at 1207 State Highway 24 Campbell, TX.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - 54 AG-exempt acres with over 1100 ft. of highway frontage on Hwy 24.; - Multi-use property with no restrictions.; - Updated 2-bedroom cottage with updated kitchen and covered concrete patio with outdoor fireplace.
    (903) 885-1234
    Request Owner's contact information
    1207 State Highway 24 Campbell, TX 75422
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    Campbell, TX 75422
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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
    1207 State Highway 24 Campbell, TX 75422
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    We can help!
    Listing Contact
    Tom Hendricks
    Real Estate License ID: 0721107
    (903) 885-1234 (903) 438-6925
    Learn more
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