Add Listing
    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

    124 Fm 1224 Roby, TX 79543

    View on Map
    Claim this Listing
    For Sale
    $997,100

    Improved Land - Roby, TX

    Lot size:
    153.40 Acres
    Added:
    Dec 7, 2025
    Days on Market:
    139
    Last Refresh:
    Apr 25 at 2:06 am

    Property Features for 124 Fm 1224

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    0000039
    Lot size
    153.40 Acres

    Utilities

    Water front features
    River Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Branson
    Jeffrey Branson

    Listing agent Jeffrey Branson License #0471243

    Listing office Williamson-Branson Real Estate 212 W. Sammy Baugh Ave., Rotan, TX

    Listing date Dec 7, 2025

    MLS# 21127704 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.

    Overview

    Highway Frontage Land with River

    This 153.4-acre property features paved frontage on US Highway 180 to the south and FM 1224 to the east, offering excellent visibility and access. Located in Roby, Texas, the land is suitable for commercial use and has no zoning restrictions. Groundwater is available, supported by an irrigation-capable water well and additional water production allotment from the Clear Fork of the Brazos River, which crosses through the length of the property. The property may be subdivided along the river, creating approximately 65-70 acres on the west side and 85-90 acres on the east side. The immediate river frontage is within a flood plain due to occasional high water runoff. This property is a candidate for commercial development, with easy paved access, flat open ground, and a central location to support area commercial activities such as data center construction, solar power installations, and wind projects, some of which are in process or upcoming. It can also be used as a homesite or for agricultural purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Roby
    County
    Fisher
    State
    Texas
    Longitude
    -100.299227
    Latitude
    32.812592

    Nearby Similar for Sale

    • $479,514

      97.81 Acres Near Sweetwater, TX

      Prime land with highway frontage, ideal for various developments.
      TBD tbd N HWY 70, Roby, TX 79543
      View Details
    • $525,200

      202 Acres of Texas Land

      202 acres in Roby, TX, with cultivation and pasture.
      200 FM 1085, Roby, TX 79543
      View Details
    • $23,750

      Unimproved Land Homesite Tract

      2-3 acre homesite tracts with utilities accessible and owner financing.
      Tbd FM 1224, Roby, TX 79543
      View Details
    • $499,000

      160 Acres of Agricultural Land

      160-acre tract in Fisher County, Texas, for farming/ranching/investment.
      Tbd FM 57, 160 Acres, Roby, TX 79543
      View Details
    • $997,100

      Land Available Near Roby, Texas

      Land for sale 4.5 miles east of Roby, Texas.
      124 Fm 1224, Roby, TX 79543
      View Details
    • $371,300

      158 Acres Cultivated Farmland Roby

      158 acres of cultivated farmland with access on two sides.
      Tbd CR 402, Roby, TX 79543
      View Details
    • $175,850

      20.7 Acres Highway Frontage Land

      20.7 acres with highway frontage on US-180.
      454 US-180, Roby, TX 79543
      View Details

    FAQs

    What type of property is this?
    Commercial land - 153.4 acres with highway frontage, river, and commercial potential.
    Where is this commercial land located?
    The property is located at 124 Fm 1224 Roby, TX.
    What is the asking price?
    The asking price for this property is $997,100.
    What are key features of this property?
    This property features: Paved frontage on US Highway 180 and FM 1224 **offers excellent visibility and access.**; Suitable for commercial use with no zoning or restrictions.; Groundwater available with irrigation‑capable water well and water production allotment from the Clear Fork of the Brazos River.
    (325) 735-2992
    We can help!
    Listing Contact
    Jeffrey Branson
    Jeffrey Branson
    Real Estate License ID: 0471243
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!