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

    2387 Farm To Market 503 Coleman, TX 76834

    View on Map
    Sponsored
    For Sale
    $3,950,000

    Ranch, Farm/Ranch - Coleman, TX

    Type:Farm
    Property size:
    6,000 SF
    Lot size:
    392.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 11 at 2:06 am

    Property Features for 2387 Farm To Market 503

    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
    5
    Bathrooms
    6
    APN
    R500435
    Parking features
    Carport, Garage, Oversized
    Interior features
    Vaulted Ceiling(s), Wet Bar
    Exterior features
    Balcony, Barbecue, Dock, Gas Grill, Gray Water System, Lighting, Outdoor Grill, Private Entrance, Private Yard, Fence
    Dock
    1
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Washer
    Size
    6,000 SF
    Lot size
    392.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Heat Pump (Heating)
    Cooling system
    Central Air, Heat Pump
    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Year built
    2002
    Floors in Building
    2
    Flooring type
    Concrete, Laminate
    Building materials
    Stone
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Colton Harbert
    Colton Harbert

    Capitol Ranch Real Estate, LLC (979) 530-7010

    Listing agent Colton Harbert (855) 968-1200 License #0667827

    Listing date Mar 10, 2026

    MLS# 21190741 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

    Texas Ranch with Premier Home

    The CM Ranch is a 392-acre Texas ranch designed for both enjoyment and practical operation. It includes a main home, water resources, horse and cattle infrastructure, and a functional layout. The property features multiple pastures, productive land, and a large lake. The two-story rock home, built in 2002, offers views across the ranch and lake. The home is approximately 6,000 square feet and includes 5 bedrooms and 5.5 bathrooms. The garage leads to an oversized mud and laundry room. The main living area features a rock fireplace and windows, while the upstairs includes 3 bedrooms, a game room, a media room, and a balcony. The home is supported by three newer air conditioning units. Horse facilities include a barn with 8 stalls with water and a hay loft, plus a foreman’s suite inside the horse barn with a full kitchen and full bathroom. Water resources include five tanks, including a lake that can reach approximately 20 feet deep when full, covering roughly 8 to 10 acres at capacity. The ranch is divided into 8 pastures and provides wildlife habitat. The owner reports deer activity when wheat is up, along with turkey, quail, and other native game; the property has not been hunted in approximately 15 years. Approximately 75 acres have been planted in wheat, canola, and Sudan for hay. The ranch currently runs about 25 head for casual ranching. Additional improvements include an equipment barn and multiple water taps throughout the property. Utilities include county water, Coleman County Electric, a 250-gallon propane tank for the kitchen stove via West Texas Gas, internet via Starlink with county service wired to the house and barn, and a 500-gallon diesel tank on stilts at the barn.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Coleman
    County
    Coleman
    State
    Texas
    Longitude
    -99.53638
    Latitude
    31.815365

    Nearby Similar for Sale

    • $260,000
      10,000 SF

      Downtown Coleman Retail Opportunity

      Two-story, 10,000 sq ft retail property in downtown Coleman.
      217 S Commercial Ave, Coleman, TX 76834
      View Details
    • $750,000
      0.39 Acres

      Established Restaurant & Bar For Sale

      Turnkey restaurant and bar with immediate income potential in Coleman.
      601 S Commercial Ave, Coleman, TX 76834
      View Details
    • $995,000
      0.17 Acres

      Turnkey Restaurant in Downtown Coleman

      Premier dining destination in Coleman, Texas, with upscale Texas charm.
      420 S Commercial Ave, Coleman, TX 76834
      View Details
    • $129,999
      10,000 SF

      Historic Retail Property in Coleman, TX

      Historic property with retail and workshop spaces near downtown.
      115 E Pecan St, Coleman, TX 76834
      View Details
    • $250,000
      0.07 Acres

      Downtown Coleman Retail Opportunity

      Prime location for retail in downtown Coleman, Texas.
      108 S Commercial Ave, Coleman, TX 76834
      View Details
    • $60,000
      1,120 SF

      Historic Warehouse with Fenced Yard

      Unique commercial warehouse suitable for business, storage, or operations.
      608 E College St, Coleman, TX 76834
      View Details
    • $1,625,000
      0.11 Acres

      Established Dual-Concept Restaurant For Sale

      Profitable restaurant in Coleman, TX, with pizzeria and steakhouse.
      414 S Commerical Ave, Coleman, TX 76834
      View Details
    • $395,000
      4.25 Acres

      Secluded Lake Coleman Peninsula Retreat

      Private 4.25-acre peninsula with floating cabin on Lake Coleman.
      Coleman, TX 76834
      View Details
    • $185,000
      1.73 Acres

      Established Entertainment Venue For Sale

      Multi-purpose entertainment venue with dance hall, bar, and live music.
      1400 S 84 Byp, Coleman, TX 76834
      View Details
    • $147,500
      0.59 Acres

      Versatile Commercial Property in Coleman

      High-visibility commercial property suitable for various business ventures.
      1417 N Neches St, Coleman, TX 76834
      View Details
    • $199,900
      4,218 SF

      Versatile Commercial Building on Highway 84

      4,218 sq ft mixed-use building near Highway 84 in Coleman.
      1401 Highway 84 Byp, Coleman, TX 76834
      View Details
    • $200,000
      2,400 SF

      Versatile Property in Coleman, Texas

      2,400 sq ft property suitable for residential or commercial use.
      775 County Road 194, Coleman, TX 76834
      View Details

    FAQs

    What type of property is this?
    Ranch - Turnkey 392-acre Texas ranch with home, water, and infrastructure.
    Where is this ranch located?
    The property is located at 2387 Farm To Market 503 Coleman, TX.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: - Turnkey 392-acre Texas ranch with a premier 6,000 sq ft main home (5 bed/5.5 bath) and operational infrastructure.; - Abundant water resources including a large 8-10 acre lake and five tanks total.; - Comprehensive horse facilities: 8-stall barn with water, hay loft, and foreman's suite (kitchen & bath).
    (855) 968-1200
    Request Owner's contact information
    2387 Farm To Market 503 Coleman, TX 76834
    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.
    2387 Farm To Market 503
    Coleman, TX 76834
    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
    2387 Farm To Market 503 Coleman, TX 76834
    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
    Colton Harbert
    Colton Harbert
    Real Estate License ID: 0667827
    (855) 968-1200 (806) 335-5867 (979) 530-7010
    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!