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

    1273 Alternate Sheridan, TX 77475

    Sponsored
    For Sale
    $429,000

    Residential (farm-ranch),Farm,Standard Frame - Sheridan, TX

    Type:Farm
    Property size:
    2,961 SF
    Lot size:
    3.46 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 22 at 4:06 am

    Property Features for 1273 Alternate

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Vegetation
    Partially Wooded, Wooded
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    32114
    Parking features
    Carport, Garage
    Exterior features
    Partially Wooded, Well
    Fireplace
    1
    Size
    2,961 SF
    Lot size
    3.46 Acres

    Utilities

    Heating system
    Central, Fireplace(s)

    Building Details

    Year built
    1975
    Year renovated
    1975
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Gary Helmcamp

    Tri-County Realty, LLC (979) 725-6006 [email protected]

    Listing agent Gary Helmcamp (979) 725-6006 License #461405

    Listing date Jan 12, 2026

    MLS# 154656 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. 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

    Spacious Home Near Splashway Waterpark

    Located approximately 1.5 miles west of Sheridan, TX, this property offers country living on approximately 3.461 acres. The residence is a brick home featuring four bedrooms and three bathrooms, with a possible fifth bedroom option in the flex room. The home encompasses approximately 2,961 square feet. Recent updates include granite countertops, partial flooring, and updated appliances; the refrigerator conveys with the home. The floor plan includes a living area, den, a spacious kitchen with abundant cabinetry, a dining area, and a flex room that could serve as a fifth bedroom (no windows, door access only) or a flexible space. Exterior features include a detached two-car garage (approx. 20’ x 22’), a carport for up to three vehicles (approx. 30’ x 26’), an RV port (approx. 45’ x 24’) with a 30-amp hookup and nearby water access, a storage shed, and a greenhouse. The property is enhanced by live oak trees and landscaping.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Sheridan
    County
    Colorado
    State
    Texas
    Longitude
    -96.685013
    Latitude
    29.491109

    Nearby Similar for Sale

    • $3,250,000
      2,490 SF

      Turn-Key Ranch with Oak-Lined Driveway

      Remodeled ranch on 60 acres with barn and horse stalls.
      1131 Greak Rd, Sheridan, TX 77475
      View Details
    • $1,650,000

      Versatile Property Near Splashway Waterpark

      Multipurpose property ideal for office, Airbnb, or residential income.
      1354 U S Highway 90A, Sheridan, TX 77475
      View Details
    • $3,250,000

      Sheridan Ranch Home on 60 Acres

      Remodeled ranch home on 60 acres with live oak trees.
      1131 Greak Rd, Sheridan, TX 77475
      View Details
    • $172,500

      Unrestricted Acreage Near Splashway Waterpark

      5.687 acres of unrestricted land near Splashway Waterpark.
      1280 Us 90A Hwy, Sheridan, TX 77475
      View Details

    FAQs

    What type of property is this?
    Farm - Four-bedroom home on 3.461 acres near Sheridan, TX.
    Where is this farm located?
    The property is located at 1273 Alternate Sheridan, TX.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: - Spacious 4-bedroom (potential 5), 3-bath brick home on 3.461 acres near Sheridan, TX.; - RV port with 30-amp hookup and water access, plus a detached two-car garage and a three-vehicle carport.; - **Updated with granite countertops, partial new flooring, and updated appliances; refrigerator included.**
    (979) 725-6006
    Request Owner's contact information
    1273 Alternate Sheridan, TX 77475
    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.
    1273 Alternate
    Sheridan, TX 77475
    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
    1273 Alternate Sheridan, TX 77475
    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
    Gary Helmcamp
    Real Estate License ID: 461405
    (979) 725-6006
    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.