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    1799 Fm 2138 N Jacksonville, TX 75766

    Sponsored
    For Sale
    $495,000

    Farm/Ranch - Jacksonville, TX

    Type:Farm
    Property size:
    2,592 SF
    Lot size:
    21.29 Acres
    Days on Market:
    123
    Last Refresh:
    Feb 1 at 9:06 am

    Property Features for 1799 Fm 2138 N

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    000116807000
    Interior features
    Built-in Features, Pantry, Walk-in Closet(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Refrigerator, Refrigerator - Built-in, Washer
    Size
    2,592 SF
    Lot size
    21.29 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Electric

    Building Details

    Year built
    1980
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Robert Clayton

    Whitetail Properties Real Estate (830) 428-0096

    Listing agent Robert Clayton (217) 285-9000 License #0754600

    Listing date Oct 2, 2025

    MLS# 21075705 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

    East Texas Pine Plantation Retreat

    Located in East Texas, this 21.29-acre pine plantation offers a blend of country charm and modern comfort. A 2,592 sq. ft. home is situated at the end of a tree-lined driveway, providing privacy and seclusion. The home features fireplaces on both levels. The primary suite, complete with a private bath, is located on the main floor, while two additional bedrooms and a full bath are upstairs. A large second-story balcony offers views of the backyard. An attached two-car garage includes flex space that could serve as a guest suite or workshop. A detached two-car shop provides additional space for equipment, storage, or hobbies. The property includes an inground pool with privacy fencing. The acreage has approximately 615 feet of frontage along FM 2138 N. The property is frequented by whitetail deer and other native wildlife. Utilities are provided by Maydelle Water Supply and Cherokee County Electric Cooperative. Located within the Rusk Independent School District, this property is suitable as a homestead, recreational retreat, or country escape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Jacksonville
    County
    Cherokee
    State
    Texas
    Longitude
    -95.31341699
    Latitude
    31.82144771

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    FAQs

    What type of property is this?
    Farm - Secluded 21.29-acre property with a 2,592 sq. ft. home.
    Where is this farm located?
    The property is located at 1799 Fm 2138 N Jacksonville, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - 21.29 acre pine plantation offering privacy and seclusion.; - 2,592 sq. ft. home with cozy fireplaces and a primary suite on the main floor.; - Inground pool with privacy fencing, ideal for outdoor gatherings.
    (217) 285-9000
    Request Owner's contact information
    1799 Fm 2138 N Jacksonville, TX 75766
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    Jacksonville, TX 75766
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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
    1799 Fm 2138 N Jacksonville, TX 75766
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    We can help!
    Listing Contact
    Robert Clayton
    Real Estate License ID: 0754600
    (217) 285-9000
    Learn more
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