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

    1900 Fm 590 S Zephyr, TX 76890

    View on Map
    Sponsored
    For Sale
    $450,000

    Ranch, Farm/Ranch - Zephyr, TX

    Type:Farm
    Property size:
    1,240 SF
    Lot size:
    20.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 5 at 7:06 am

    Property Features for 1900 Fm 590 S

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1
    APN
    000000032534
    Interior features
    Open Floorplan
    Exterior features
    Dog Run, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    1,240 SF
    Lot size
    20.00 Acres

    Utilities

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

    Building Details

    Year built
    1983
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Brick, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Kennel/Dog Run

    We can help!

    Listing Contact
    Morris Joseph

    On Air Realty (512) 310-8080

    Listing agent Morris Joseph (512) 310-8080 License #0483513

    Listing date Mar 2, 2026

    MLS# 21195366 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

    20-Acre Ranch with Creek

    This 20-acre property offers country living with a 2-bedroom, 1-bath home featuring central heat and air, new floors, fresh paint, and upgraded electric and plumbing. An attached 2-car garage presents the potential for conversion into a primary suite. Situated on a private lane with limited neighbors, the property combines privacy with convenient access to town. The land is mostly cleared, well-fenced, and features mature trees. Blanket Creek traverses the property, enhancing its suitability for recreation and livestock. Outbuildings include a workshop, shop, horse barn, and cattle facilities, providing space for various hobbies or agricultural activities. The property is serviced by both rural and well water, and features upgraded electric. The acreage beyond the creek is suitable for hunting. The property is located in Zephyr, Texas, and offers abundant wildlife, outdoor activities, and modern upgrades. The property is move-in ready and offers potential for expanded living space. The property does not have an existing survey, and buyer will be responsible for ordering one if necessary.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Zephyr
    County
    Brown
    State
    Texas
    Longitude
    -98.76928
    Latitude
    31.696725

    Nearby Similar for Sale

    • $105,000
      0.17 Acres

      Zephyr Retail Property on Highway

      Commercial property in Zephyr, Texas, suitable for retail.
      11635 E 84-183 E, Zephyr, TX 76890
      View Details
    • $269,000
      21.00 Acres

      Zephyr, TX Quiet Land

      21-acre Zephyr, TX property with tiny home and livestock potential.
      1597 County Road 305, Zephyr, TX 76890
      View Details
    • $475,000

      Zephyr Farm on FM 590

      Farm and agricultural property located on FM 590 Hwy S.
      1900 Unit A Fm 590 Hwy S, Zephyr, TX 76890
      View Details
    • Contact for pricing

      Zephyr Agricultural Property for Sale

      Agricultural property located in Zephyr, Texas, available for purchase.
      8343 County Road 270, Zephyr, TX 76890
      View Details
    • $175,000
      4,100 SF

      Zephyr Commercial Property - Hwy 84

      High-traffic corner lot, huge potential!
      11635 84-183, Zephyr, TX 76890
      View Details
    • $159,000
      2,107 SF

      Zephyr Commercial Building on Highway

      Commercial building suitable for office, retail, or residential/commercial use.
      11640 Hwy 84-183 E, Zephyr, TX 76890
      View Details

    FAQs

    What type of property is this?
    Farm - Charming 2-bedroom home with creek, workshop, and livestock facilities.
    Where is this farm located?
    The property is located at 1900 Fm 590 S Zephyr, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - 20-acre property with creek, ideal for recreation, livestock, and hunting.; - Upgraded home featuring new floors, fresh paint, upgraded electric and plumbing, and central heat and air.; - Multiple outbuildings including workshop, shop, horse barn, and cattle facilities.
    (512) 310-8080
    Request Owner's contact information
    1900 Fm 590 S Zephyr, TX 76890
    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.
    1900 Fm 590 S
    Zephyr, TX 76890
    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
    1900 Fm 590 S Zephyr, TX 76890
    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
    Morris Joseph
    Real Estate License ID: 0483513
    (512) 310-8080 (512) 350-3512
    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!