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

    1708 County Road 4850 Leonard, TX 75452

    View on Map
    Sponsored
    For Sale
    $145,000

    Unimproved Land - Leonard, TX

    Type:Unimproved Land
    Lot size:
    6.00 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 8 at 3:06 am

    Property Features for 1708 County Road 4850

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    142383
    Lot size
    6.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brett Atteberry

    AT HOME TEXAS REAL ESTATE (903) 454-2824

    Listing agent Brett Atteberry (903) 454-2824 License #0565490

    Listing date Mar 2, 2026

    MLS# 21193603 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

    6-Acre Tract in Leonard, TX

    This 6-acre tract is located in Leonard, Texas. The property has water meters in place and an updated water line. Electricity is available at the road. Livestock are allowed. The land is suitable for site-built custom homes or barndominiums; however, mobile homes are not allowed. Light deed restrictions are in place. The property is ideal for a hobby farm or country living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Leonard
    County
    Fannin
    State
    Texas
    Longitude
    -96.194442
    Latitude
    33.396022

    Nearby Similar for Sale

    • $190,000
      0.08 Acres

      Historic Retail Building in Leonard

      Antique building on historic square, ideal for retail.
      114 W Collin St, Leonard, TX 75452
      View Details
    • $999,900
      32.04 Acres

      32 Acres with No Restrictions

      32 acres featuring a 2-bedroom home, barn, and ponds.
      2 County Road 4725, Leonard, TX 75452
      View Details
    • $999,900
      32.04 Acres

      32 Acres in Leonard, TX

      32 acres with a 2-bedroom home and large barn.
      County Road 4725, Leonard, TX 75452
      View Details
    • $3,000,000
      31.27 Acres

      Turnkey Event Venue on 32 Acres

      Elegant event venue with living space on 32 acres.
      5262 Fm 896, Leonard, TX 75490
      View Details
    • $855,500
      15.93 Acres

      Land with Home and Barns

      15.93 acres with home, stalls, and barns in Leonard.
      1101 S State Highway 78, Leonard, TX 75452
      View Details
    • $650,000

      Established Restaurant For Sale

      Restaurant opportunity in Leonard, Texas.
      701 N Crossroads, Leonard, TX 75452
      View Details
    • $655,500
      14.00 Acres

      Land with Homes and Barns

      29.93 acres with two homes, stalls, and barns.
      1103 S State Highway 78, Leonard, TX 75452
      View Details
    • Contact for pricing

      Established Restaurant in Leonard, Texas

      Thriving restaurant business and property for sale in Leonard, Texas.
      701 N Crossroads, Leonard, TX 75452
      View Details
    • Contact for pricing

      32 Acre Ranch with Home

      32-acre ranch featuring a comfortable 2-bedroom home and barn.
      County Road 4725, Leonard, TX 75452
      View Details
    • Contact for pricing

      Leonard, TX Agricultural Property

      Agricultural property available in Leonard, Texas.
      1500 Fm 68, Leonard, TX 75452
      View Details
    • Contact for pricing

      Leonard, Texas Agricultural Property

      Agricultural property available in Leonard, Texas.
      1284 County Road 4940, Leonard, TX 75452
      View Details
    • $885,000
      2,400 SF

      Leonard TX Ranch with Barndominium

      Ranch property featuring a barndominium on over 12 acres.
      1050 County Road 5025, Leonard, TX 75452
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 6-acre tract with water meters, suitable for custom homes.
    Where is this agricultural land / farmland located?
    The property is located at 1708 County Road 4850 Leonard, TX.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - 6-acre tract ideal for custom home or barndominium; - Water meters already in place; - AG exemption can be maintained with 1-acre homesite
    (903) 454-2824
    Request Owner's contact information
    1708 County Road 4850 Leonard, TX 75452
    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.
    1708 County Road 4850
    Leonard, TX 75452
    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
    1708 County Road 4850 Leonard, TX 75452
    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
    Brett Atteberry
    Real Estate License ID: 0565490
    (903) 454-2824 (817) 795-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!