Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    24 County Rd 3644 Pickton, TX 75471

    Sponsored
    For Sale
    $124,100

    Improved Land - Pickton, TX

    Lot size:
    5.72 Acres
    Days on Market:
    113
    Last Refresh:
    Jan 20 at 2:06 pm

    Property Features for 24 County Rd 3644

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000030311
    Lot size
    5.72 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Meyer

    Keller Williams Realty (512) 448-4111

    Listing agent Kelly Meyer (512) 448-4111 License #0771825

    Listing date Sep 30, 2025

    MLS# 21014193 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

    Land for Residential Development

    This is a special opportunity to acquire 5.72 acres of improved land suitable for residential development. There have only been 3 properties like this sold in the last 2 years within 5 miles from here. The property, identified as Tract 24, already has a gate and poles set for a yard. Electric service is available across the front of the property. The land is located a short drive from city conveniences, offering a peaceful and quiet environment. The property is located in Pickton, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Pickton
    County
    Hopkins
    State
    Texas
    Longitude
    -95.39161565
    Latitude
    33.13882006

    Nearby Similar for Sale

    • New
      $699,000
      2,617 SF

      Chalet-Style Home on Wooded Acreage

      One-owner home on 49 wooded acres with rental property.
      11591 Farm Road 269 S, Pickton, TX 75471
      View Details
    • New
      $399,900
      2,617 SF

      Chalet-Style Home on Wooded Acreage

      Charming brick chalet on 12.8 acres with AG-exemption.
      11591-1 Farm Road 269 S, Pickton, TX 75471
      View Details
    • $1,250,000
      20.00 Acres

      Pickton Industrial Facility on Acreage

      20,000+ sqft commercial facility on 20 acres in Pickton.
      14733 Texas Highway 11 E, Pickton, TX 75471
      View Details
    • New
      $299,000
      1,480 SF

      Pickton Ranch with AG-Exemption

      36.9-acre wooded ranch with cottage in Hopkins County, Texas.
      11591-2 Farm Road 269 S, Pickton, TX 75471
      View Details

    FAQs

    What type of property is this?
    Land - 5.72 acres of land ready for residential development.
    Where is this land located?
    The property is located at 24 County Rd 3644 Pickton, TX.
    What is the asking price?
    The asking price for this property is $124,100.
    What are key features of this property?
    This property features: - Two 5-acre properties offered side-by-side, providing flexibility to combine or keep separate.; - Limited availability: Only 3 similar properties sold in the area in the last 2 years.; - Each property has 217 feet of road frontage.
    (512) 263-9090
    Request Owner's contact information
    24 County Rd 3644 Pickton, TX 75471
    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.
    24 County Rd 3644
    Pickton, TX 75471
    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
    24 County Rd 3644 Pickton, TX 75471
    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
    Kelly Meyer
    Real Estate License ID: 0771825
    (512) 263-9090
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.