Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    15.5 Acres Near Cedar Creek Title is generated by Realmo AI

    Tract 2 Fm Rd 90, Mabank, TX 75147

    View on Map
    Claim this Listing
    For Sale
    $279,000

    Ranch - Mabank, TX

    Type:Ranch
    Lot size:
    15.50 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    106
    Last Refresh:
    May 26 at 12:06 am

    Property Features for Tract 2 Fm Rd 90

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    4122
    Lot size
    15.50 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Frank Roberts
    Frank Roberts

    Listing agent Frank Roberts License #0524424

    Listing office RE/MAX Landmark 109 N. Frances, Terrell, TX

    Listing date Feb 9, 2026

    MLS# 21170339 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.

    HighLights

    • 15.5‑acre AG Exempt property, ideal for building a home or retreat
    • Located near Cedar Creek Lake and less than an hour from Dallas
    • No floodplain on the property per FEMA overlay
    • Level terrain and a pond
    • Pond is stated to be stocked with fish
    • Convenient access on a major state‑maintained highway

    Overview

    This 15.5-acre AG Exempt property is located on a major state-maintained highway, making it suitable for building a home or weekend retreat. Situated near Cedar Creek Lake and less than an hour from Dallas, the property features level terrain and a pond. According to the seller, the pond is stocked with fish. FEMA overlay indicates no floodplain on the property. This property offers convenient access and picturesque surroundings.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.1042
    Latitude
    32.3389

    Nearby Similar for Sale

    • $385,000

      Mabank, TX Metal Garage Unit

      600 SF metal garage unit in high visibility location.
      608 W Mason Street, Mabank, TX 75147
      View Details
    • $999,000

      Highway 175 Commercial Building

      Versatile commercial building near Cedar Creek Lake on 0.503 acres.
      15821 E Highway 175, Mabank, TX 75143
      View Details
    • $1,100,000
      6,300 SF

      Premium Office Building Near Cedar Creek

      Modern office building on Hwy 175, ideal for businesses.
      15821 HWY 175, Mabank, TX 75143
      View Details
    • $1,100,000

      Premium Office Building on Highway

      Professional office building in Mabank, TX, near Cedar Creek Lake.
      15821 Highway 175, Mabank, TX 75143
      View Details
    • $385,000
      600 SF

      Mabank Garage Unit For Sale

      600 SF metal garage unit in high visibility location.
      608 W Mason St, Mabank, TX 75147
      View Details
    • $699,000
      9,999 SF

      Income-Producing Property with Storage Facility

      9-acre property with residences and 70-unit storage facility.
      502 Peach Tree Rd, Mabank, TX 75156
      View Details
    • $849,000
      2,400 SF

      Off-Grid Acreage Barndominium Property

      Versatile acreage with barndominium designed for sustainable, self-sufficient living.
      15800 County Road 4009, Mabank, TX 75147
      View Details
    • $499,000

      Move-in-Ready Office Space in Mabank

      Functional and secure office space in a growing area.
      1424 S 3rd Street, Mabank, TX 75147
      View Details
    • $499,000
      2,520 SF

      Move-in Ready Mabank Office Space

      2520 SF office space with excellent visibility in Mabank, TX.
      1424 S 3rd St, Mabank, TX 75147
      View Details
    • $375,000
      1,392 SF

      Versatile Barndominium with Commercial Potential

      Live/work property on 2.09 acres near Cedar Creek Lake.
      6494 Clear Creek Rd, Mabank, TX 75156
      View Details
    • $975,000
      1,850 SF

      Mabank Barndominium on 57+ Acres

      Barndominium on 57.5 acres near Cedar Creek Lake.
      800 Vz County Road 2807, Mabank, TX 75147
      View Details
    • $527,000
      1,850 SF

      Mabank Acreage with Modern Residence

      Newly constructed home on two acres with pool and shop.
      35835 FM 47, Mabank, TX 75147
      View Details

    FAQs

    What type of property is this?
    Ranch - 15.5-acre AG Exempt property near Cedar Creek Lake.
    Where is this ranch located?
    The property is located at Tract 2 Fm Rd 90 Mabank, TX.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: 15.5‑acre AG Exempt property, ideal for building a home or retreat; Located near Cedar Creek Lake and less than an hour from Dallas; No floodplain on the property per FEMA overlay
    (972) 396-9100
    We can help!
    Listing Contact
    Frank Roberts
    Frank Roberts
    Real Estate License ID: 0524424
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Tract 2 Fm Rd 90, Mabank, TX 75147
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!