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    79.52 Acres of Farmland Title is generated by Realmo AI

    1250 County road 4430, Knox City, TX 79529

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    For Sale
    $167,000

    Unimproved Land - Knox City, TX

    Type:Unimproved Land
    Lot size:
    79.52 Acres
    Added:
    Aug 15, 2025
    Days on Market:
    277
    Last Refresh:
    May 18 at 4:06 am

    Property Features for 1250 County road 4430

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R010000864
    Lot size
    79.52 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    J. Travis Hawkins
    J. Travis Hawkins

    Listing agent J. Travis Hawkins License #0643904

    Listing office KW SYNERGY* 1700 Industrial Blvd, ABILENE, TX

    Listing date Aug 15, 2025

    MLS# 21033960 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

    • 79.52 acres of farmland with improved county road frontage and established coastal (approx. 14 acres).
    • Access to coop city water and coop power, plus an existing water well.
    • Currently leased for farming at $28 per acre annually, providing immediate income.
    • Producing oil well and injection well on the property.
    • Wind, water, and solar rights convey to buyer.
    • Good dove hunting and located on a main waterfowl flyway.

    Overview

    The MG farm consists of 79.52 acres of farmland located south of Knox City, near the Knox and Haskell county line. The farm has improved county road frontage, access to city coop water, coop power, and one water well. The farm soil profile consists mainly of Miles sandy loam and has been well-maintained. The farm has predominantly grown wheat and has been used for grain production, grazing, or hay, depending on the year. There are roughly 14 acres of established coastal that could be used for horses or livestock. The farm has one water well in the south-central portion, generally used for livestock water, and one smaller pond that can catch water during heavy rainfall. A coop city water line runs down on the farm and could be used for watering livestock or for a residence. Three-phase power is available along the county road. The land is currently leased for farming by a local resident who pays $28 per acre annually. Knox County receives an average rainfall of 23.53 inches per year. The farm has one producing oil well and injection well on the property. The wind, water, and solar rights convey to the buyer. The seller owns none of the oil and gas minerals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Knox City
    County
    Knox
    State
    Texas
    Longitude
    -99.785352
    Latitude
    33.4052176

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    FAQs

    What type of property is this?
    Farm - 79.52 acres of farmland south of Knox City, Texas.
    Where is this farm located?
    The property is located at 1250 County road 4430 Knox City, TX.
    What is the asking price?
    The asking price for this property is $167,000.
    What are key features of this property?
    This property features: 79.52 acres of farmland with improved county road frontage and established coastal (approx. 14 acres).; Access to coop city water and coop power, plus an existing water well.; Currently leased for farming at $28 per acre annually, providing immediate income.
    (325) 692-4488
    We can help!
    Listing Contact
    J. Travis Hawkins
    J. Travis Hawkins
    Real Estate License ID: 0643904
    Learn More
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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.

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