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    1609 County Rd 2626 Wells, TX 75976

    Sponsored
    For Sale
    $400,000

    Farm/Ranch - Wells, TX

    Type:Farm
    Property size:
    2,652 SF
    Lot size:
    10.00 Acres
    Days on Market:
    14
    Last Refresh:
    Jan 20 at 5:06 am

    Property Features for 1609 County Rd 2626

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    000109787000
    Parking features
    Carport, Covered, Garage
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Garden(s), Private Entrance
    Size
    2,652 SF
    Lot size
    10.00 Acres

    Utilities

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

    Building Details

    Year built
    1978
    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Other
    Roof type
    Metal, Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Melissa Sanches
    Melissa Sanches

    TX Real Estate Queen & Company (972) 567-8542

    Listing agent Melissa Sanches (972) 567-8542 License #0579720

    Listing date Jan 7, 2026

    MLS# 21060017 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

    Overview

    Wells, TX 10-Acre Estate

    This 10-acre estate in Wells, TX, includes two conjoined tracts. The main house, located at 1609 CR 2626, is a 3-bedroom, 2-bath wood frame home with carpeted flooring, central air and heat, and all-electric city utilities. Large buildings on the property were previously used as a gun shop and gun range, presenting opportunities for rehabilitation or repurposing. The property also features a pond and two coy ponds in front of the garden. A detached 3-car garage includes three bays, one with automatic controls and two manual, along with 12 feet of storage space, water, and electricity. Two gravel driveways provide privacy and access. The property is suited for hunting and outdoor activities, with abundant wildlife, including deer. The additional tract at 1599 County Road 2626 includes 1 acre of land, suitable for a second home or guest house. The property is located near Lufkin, Sam Rayburn Lake, and Alto.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Wells
    County
    Cherokee
    State
    Texas
    Longitude
    -95.0104
    Latitude
    31.5133

    FAQs

    What type of property is this?
    Farm - 10-acre estate with home, buildings, pond, and development potential.
    Where is this farm located?
    The property is located at 1609 County Rd 2626 Wells, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - 10-acre estate offering a spacious retreat or multi-generational living space.; - Two conjoined tracts of land, providing a 2-for-1 opportunity.; - Includes buildings previously used as a gun shop and gun range, offering repurposing potential.
    (972) 567-8542
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    1609 County Rd 2626 Wells, TX 75976
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    Wells, TX 75976
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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
    1609 County Rd 2626 Wells, TX 75976
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    We can help!
    Listing Contact
    Melissa Sanches
    Melissa Sanches
    Real Estate License ID: 0579720
    (972) 567-8542
    Learn more
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