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    3829 Fm 2738 Alvarado, TX 76009

    Sponsored
    For Sale
    $2,499,000

    Farm/Ranch - Alvarado, TX

    Type:Farm
    Property size:
    2,287 SF
    Lot size:
    38.72 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 24 at 6:06 am

    Property Features for 3829 Fm 2738

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    126032806056
    Parking features
    Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features
    Exterior features
    Covered Patio/Porch, Fire Pit, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Washer
    Size
    2,287 SF
    Lot size
    38.72 Acres

    Utilities

    Heating system
    Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Floors in Building
    2
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Blaine Hanson

    eXp Realty, LLC (888) 519-7431

    Listing agent Blaine Hanson (888) 519-7431 License #0753355

    Listing date Feb 20, 2026

    MLS# 21182721 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

    Texas Ranch with Income Potential

    This Texas property offers a rare opportunity to own just under 40 acres of land with county road frontage in Alvarado, Texas. The 38.72 acres are currently used for a Cow-Calf operation, with over 18 acres of Sudan-Coastal Bermuda Mix Hay production. The pastures are clear, flat, fully fenced, and gated, featuring two stock tanks and a loafing shed. A recently renovated 2,287 square foot homestead sits on the front acreage. The acreage in front of the home is irrigated for growing trees. The home is set back off the county road with pipe fencing and a gated drive. The home includes two upstairs bedrooms with a full bathroom, and a primary bedroom on the main floor with an en-suite bathroom. The living area is large and open with a stone fireplace, high ceilings, and natural light. The kitchen features countertops and custom Hickory cabinetry. A steel beamed pole barn provides space for equipment, tractors, or an RV, and includes an outdoor stone fireplace with a finished concrete floor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Building Supply Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Department Store Storage Facility Garden Center Clothing & Fashion Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.199748
    Latitude
    32.480193

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    FAQs

    What type of property is this?
    Farm - 38.72 acre Alvarado ranch with renovated home and income potential.
    Where is this farm located?
    The property is located at 3829 Fm 2738 Alvarado, TX.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: - Just under 40 acres with income and development potential.; - Recently renovated 2,287 sq ft homestead with refreshed primary en-suite bathroom, stone fireplace, and custom Hickory cabinetry.; - Located in Alvarado, TX, minutes from Mansfield, TX, in a developing DFW area.
    (888) 519-7431
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    3829 Fm 2738 Alvarado, TX 76009
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    Alvarado, TX 76009
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    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
    3829 Fm 2738 Alvarado, TX 76009
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    We can help!
    Listing Contact
    Blaine Hanson
    Real Estate License ID: 0753355
    (888) 519-7431 (816) 258-0024
    Learn more
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