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
    The Largest CRE Database in the US with Over 1 Million Listings

    2975 N Fm 1702 Hamilton, TX 76531

    Sponsored
    For Sale
    $1,350,000

    Modern Farmhouse, Farm/Ranch - Hamilton, TX

    Type:Farm
    Property size:
    2,744 SF
    Lot size:
    206.00 Acres
    Days on Market:
    45
    Last Refresh:
    Jan 25 at 2:06 pm

    Property Features for 2975 N Fm 1702

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    R22701
    Parking features
    Carport, Paved or Surfaced, RV
    Patio and Porch features
    Patio, Porch
    Interior features
    Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rv Hookup, Rv/Boat Parking, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Garbage Disposer, Oven - Double, Washer
    Size
    2,744 SF
    Lot size
    206.00 Acres

    Utilities

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

    Building Details

    Year built
    2010
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Concrete, Stone
    Roof type
    Metal
    Architectural style
    Modern
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s), Storage

    We can help!

    Listing Contact
    Justin Parker

    League Real Estate (817) 608-7755

    Listing agent Justin Parker (817) 608-7755 License #0723530

    Listing date Dec 12, 2025

    MLS# 20532184 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

    206-Acre Farm and Ranch Retreat

    This 206-acre property features a custom-built 4-bedroom, 2.5-bath home with 2,744 square feet of living space. Constructed from ICF blocks, the home offers energy efficiency and strength. A spacious 9-foot attached porch provides views of the surroundings. The land is low-fence and cross-fenced, and enrolled in MLD, allowing for an extended deer hunting season. Approximately 80 acres consist of terraced dry land farming area. Additional structures include a 2,320 square foot shop built in 2008 with water and electricity, a 1,500 square foot storage hay barn, and a cattle sorting pen. The property is located near Hamilton, Texas, approximately two hours from both DFW and Austin. The property is suited for hunting, farming, and ranching, and offers space to add a roping arena, rifle range, or sporting clay range.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Hamilton
    County
    Hamilton
    State
    Texas
    Longitude
    -98.404174
    Latitude
    31.709084

    Nearby Similar for Sale

    • $339,000
      8,747 SF

      Historic Commercial Space in Hamilton

      Historic commercial building on the square, ideal for various businesses.
      117 N Rice St, Hamilton, TX 76531
      View Details
    • $4,975,000
      4,240 SF

      Hamilton County Ranch and Lodge

      506-acre ranch with lodge, workshop, and highway frontage.
      5905 N Us Highway 281, Hamilton, TX 76531
      View Details
    • $3,740,000
      324.00 Acres

      High-Fence Hunting Retreat Near Hamilton

      324+ acre hunting retreat with diverse terrain and modern amenities.
      1782 Fm 218, Hamilton, TX 76531
      View Details
    • New
      $399,999
      1,514 SF

      Texas Ranch with Equestrian Potential

      17.88-acre ranch in Hamilton, TX, near Circle T Arena.
      998 W Fm 218, Hamilton, TX 76531
      View Details
    • $2,059,110
      457.58 Acres

      457 Acres of Rolling Prairie

      Ranch with grazing pastures, hunting, and a brick home.
      2655 Farm Rd 2005, Hamilton, TX 76531
      View Details
    • $663,000
      3,800 SF

      Hamilton Farmhouse with Outdoor Kitchen

      Well-maintained 3-bedroom home with pool and outdoor kitchen.
      664 Cr 300, Hamilton, TX 76531
      View Details
    • $578,200
      82.60 Acres

      82.6 Acres Ranch in Shive, TX

      82.6-acre property ideal for country living and ranching.
      Tbd-82.6 Acres Farm Market 221, Hamilton, TX 76531
      View Details
    • $549,000
      7,144 SF

      Hamilton Commercial Building with Kitchen

      Commercial building with kitchen near downtown Hamilton, Texas.
      520 N Rice St, Hamilton, TX 76531
      View Details
    • $1,660,000
      184.00 Acres

      Texas Ranch with Live Water

      184-acre Hamilton County ranch featuring live water and income potential.
      1410 County Road 221, Hamilton, TX 76531
      View Details
    • $549,000
      0.09 Acres

      Commercial Building Near Downtown Hamilton

      Commercial building with kitchen, multiple rooms, and separate entrances.
      520 N Rice St, Hamilton, TX 76531
      View Details
    • $449,000
      0.11 Acres

      Established Venue with Outdoor Concert Area

      Unique venue in Hamilton, TX, with updated kitchen and concert area.
      110 S Bell St, Hamilton, TX 76531
      View Details
    • $539,900
      53.51 Acres

      Hamilton Ranch with Highway Frontage

      53.513 acres near Hamilton, TX with highway frontage.
      Tbd Hwy 281 S, Hamilton, TX 76531
      View Details

    FAQs

    What type of property is this?
    Farm - Stunning 4-bedroom home on 206 acres near Hamilton, TX.
    Where is this farm located?
    The property is located at 2975 N Fm 1702 Hamilton, TX.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - 206-acre property ideal for hunting and farming, featuring MLD enrollment for extended deer hunting season and tags.; - Custom-built, energy-efficient **4-bedroom home (2,744 sqft)** constructed with ICF blocks for superior strength and energy efficiency.; - Includes a large **2,320 sqft shop with water and electricity**, plus a 1,500 sqft hay barn and cattle sorting pen.
    (817) 608-7755
    Request Owner's contact information
    2975 N Fm 1702 Hamilton, TX 76531
    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.
    2975 N Fm 1702
    Hamilton, TX 76531
    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
    2975 N Fm 1702 Hamilton, TX 76531
    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
    Justin Parker
    Real Estate License ID: 0723530
    (817) 608-7755
    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.