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    14604 SE County Road 2370 Streetman, TX 75859

    Sponsored
    For Sale
    Under Contract
    $3,500,000

    Ranch - Streetman, TX

    Type:Ranch
    Lot size:
    138.00 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 7 at 4:06 am

    Property Features for 14604 SE County Road 2370

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active Under Contract
    APN
    60884
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Dock, Rain Gutters, Rv/Boat Parking, Fence
    Dock
    1
    Fencing
    Fenced
    Fireplace
    1
    Lot size
    138.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Attic Fan, Ceiling Fan(s), Central Air, Electric, Zoned
    Water front features
    Lake Front, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Year built
    2001
    Architectural style
    Ranch
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Scott Wheeler
    Scott Wheeler

    WHITE BUFFALO PROPERTY SOLUTIONS, LLC (325) 701-7988

    Listing agent Scott Wheeler (817) 368-8000 License #0581986

    Listing date Jan 28, 2026

    MLS# 21041674 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

    Lakefront Ranch Estate on 138+ Acres

    This rare lakefront estate encompasses over 138 acres with approximately 1500 feet of Richland-Chambers Lake frontage. The property is suited for boating, fishing, hunting, horses, cattle, or general lake activities. The custom-built home features Texas-sized rooms, a large open family room, formal dining area, stone fireplace, gourmet kitchen, and a large covered porch offering panoramic water views. The property includes approximately 1200 feet of steel retaining wall with a dock and boat ramp. This prime area presents possibilities for developing a lakeside community. Underground utilities have been run to 7 additional lake-front lots for possible future development. The property is currently Ag Exempt, excluding a 1-acre area for the home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Gym & Fitness Center Hotel & Motel Accounting Firm Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetman
    County
    Freestone
    State
    Texas
    Longitude
    -96.252142
    Latitude
    31.942678

    Nearby Similar for Sale

    • $4,500,000
      72.00 Acres

      Waterfront Ranch with Modern Home

      72+ acre waterfront ranch with newly constructed home and cabin.
      18062 Nelson Loop, Streetman, TX 75859
      View Details

    FAQs

    What type of property is this?
    Ranch - Rare lakefront estate with development potential on Richland-Chambers Lake.
    Where is this ranch located?
    The property is located at 14604 SE County Road 2370 Streetman, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Rare lakefront estate on 138+ acres with 1500+ feet of Richland-Chambers Lake frontage.; - Approximately 1200 ft of steel retaining wall with a dock and boat ramp.; - Breathtaking panoramic water views from a custom-built home.
    (817) 368-8000
    Request Owner's contact information
    14604 SE County Road 2370 Streetman, TX 75859
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    Streetman, TX 75859
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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
    14604 SE County Road 2370 Streetman, TX 75859
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    We can help!
    Listing Contact
    Scott Wheeler
    Scott Wheeler
    Real Estate License ID: 0581986
    (817) 368-8000
    Learn more
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