Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Improved Land in Sunset, Texas Title is generated by Realmo AI

    3061 Turkey Creek Road, Sunset, TX 76270

    View on Map
    Claim this Listing
    For Sale
    $945,500

    Improved Land - Sunset, TX

    Lot size:
    64.20 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    29
    Last Refresh:
    May 26 at 4:06 pm

    Property Features for 3061 Turkey Creek Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000010567
    Lot size
    64.20 Acres

    Building Details

    Year built
    1940
    Architectural style
    Other

    We can help!

    Listing Contact
    Jared Kennedy

    Listing agent Jared Kennedy License #816602

    Listing office Whitetail Properties Real Estate 616 E Blanco, Boerne, TX

    Listing date Apr 28, 2026

    MLS# 21251635 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

    • Assumable note with a low 5.15% fixed interest rate for qualified buyers.
    • Functional property suitable for weekend enjoyment, livestock production, or long‑term investment.
    • Updated native rock home featuring two living areas, two bedrooms, and one bath.
    • Substantial 50’ x 43’ barn with working pens and chutes, ready for agricultural operations.
    • Productive grasses for grazing or hay production with gently rolling topography and scattered trees.
    • Eastern wooded corridor providing prime whitetail deer habitat and hunting potential.

    Overview

    This 64.2-acre property offers a blend of rural seclusion and accessibility. It features a native rock home with two living areas, two bedrooms, and one full bath. Two water wells supply water to the home and livestock. Supporting improvements include a detached garage and a 50’ x 43’ barn outfitted with working pens and chutes, making the property suitable for cattle or other agricultural operations. The land is predominantly open, with productive grasses suited for grazing or hay production. A gently rolling topography provides usability and visual appeal, while scattered post oaks and native pecans enhance the landscape. Along the eastern portion of the ranch, a thicker wooded corridor creates habitat for whitetail deer and other native wildlife, offering hunting potential and a natural buffer for added privacy. The acreage is currently agricultural exempt. The property is located in the Alvord school district and offers recreation potential. It is located close to conveniences but far away from the traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunset
    County
    Montague
    State
    Texas
    Longitude
    -97.830362
    Latitude
    33.44032

    Nearby Similar for Sale

    • $2,799,000
      4,600 SF

      Sunset, TX Farmhouse on Acres

      New farmhouse on 82 acres with pool and barn.
      623 Lake Valley Road, Sunset, TX 76270
      View Details
    • $1,250,000
      2,900 SF

      North Texas Farm with Custom Home

      37-acre North Texas property with custom home, barn, and pond.
      2642 Huddleston, Sunset, TX 76270
      View Details
    • $1,800,000
      2,264 SF

      116 Acre Ranch in Sunset, TX

      Move-in ready home and agricultural functionality on 116 acres.
      8752 Fm 1749, Sunset, TX 76270
      View Details
    • $2,300,000
      3,775 SF

      Sunset, Texas Country Estate

      82.86 acre estate with a 3,775 sqft main residence.
      600 County Road 1790, Sunset, TX 76270
      View Details
    • $175,000

      Prime Location on US 287

      2-acre tract with high traffic, ideal for commercial use.
      9415 N Us-287, Sunset, TX 76270
      View Details
    • $575,000
      1,560 SF

      Sunset, TX Farm and Ranch

      24.28 acres with home, shop, and rental house.
      712 Front Street, Sunset, TX 76270
      View Details
    • $400,000
      2,000 SF

      9.3 Acres Near US Highway

      9.3-acre commercial property near US Highway 287 in Sunset, TX.
      820 Tx-101, Sunset, TX 76270
      View Details
    • $2,890,800

      Texas Ranch with Pond and Trees

      292-acre Texas ranch featuring improved grasses and mature trees.
      001 Denver Road, Sunset, TX 76270
      View Details
    • $579,500

      40 Acres in Sunset, Texas

      40-acre property with utilities, storage, and grazing land.
      524 County Road 1792, Sunset, TX 76270
      View Details
    • $150,000

      Sunset, TX - 10 Acre Land

      10.02 acres in Sunset, TX, ag exempt, producing hay.
      836 County Road 1895, Sunset, TX 76270
      View Details
    • $800,000

      80 Acres of Unimproved Land

      Secluded 80-acre property with trees, fertile soil, and diverse potential.
      287 Mcclain Lane, Sunset, TX 76270
      View Details
    • $140,000

      Residential Lot in Silver Lakes

      5.07 acre lot in a master-planned community.
      Lot 70 Silver Lakes Drive, Sunset, TX 76270
      View Details

    FAQs

    What type of property is this?
    Ranch - 64.2-acre property with home, barn, and agricultural potential.
    Where is this ranch located?
    The property is located at 3061 Turkey Creek Road Sunset, TX.
    What is the asking price?
    The asking price for this property is $945,500.
    What are key features of this property?
    This property features: Assumable note with a low 5.15% fixed interest rate for qualified buyers.; Functional property suitable for weekend enjoyment, livestock production, or long‑term investment.; Updated native rock home featuring two living areas, two bedrooms, and one bath.
    (217) 285-9000
    We can help!
    Listing Contact
    Jared Kennedy
    Real Estate License ID: 816602
    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
    3061 Turkey Creek Road, Sunset, TX 76270
    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!