Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Alvord Ranch For Sale Title is generated by Realmo AI

    4487 N US Highway 287, Alvord, TX 76225

    View on Map
    Claim this Listing
    For Sale
    $2,600,000

    LAND - Alvord, TX

    Lot size:
    54.50 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 4487 N US Highway 287

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed
    Standard status
    Active
    APN
    A0329003000
    Lot size
    54.50 Acres

    Taxes and HOA fees

    Tax Description
    BLK 19 24 46.9600 ACRES
    Tax Annual Amount
    303

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Additional Structures
    Arena

    We can help!

    Listing Contact
    DANNY HODGES
    DANNY HODGES

    Listing agent DANNY HODGES License #0364457

    Listing office RE/MAX FIRST REALTY Gainesville, TX

    Listing date Apr 30, 2026

    MLS# 21210577 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

    • Ranch architectural style
    • Fenced yard
    • Exterior fence
    • Fenced perimeter
    • Coordinates: -97.65669, 33.31152

    Overview

    This property is a 54.5-acre ranch located in Alvord, Texas. It is zoned for commercial real estate, ranches, and agricultural properties.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Gym & Fitness Center (Bike/Boat/Book/etc) Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvord
    County
    Wise
    State
    Texas
    Longitude
    -97.655319
    Latitude
    33.310255

    Nearby Similar for Sale

    • $2,394,000
      1,683 SF

      Texas Ranch Bordering National Grasslands

      Legacy ranch with diverse terrain, hay production, and recreational opportunities.
      2548 County Road 2690, Alvord, TX 76225
      View Details
    • $1,090,000
      1,120 SF

      Alvord, TX Ranch with RV Park

      16.31 acre property with home and RV park.
      114 Private Road 2387, Alvord, TX 76225
      View Details
    • $539,000

      Zoned Commercial Office/Studio Building

      A maintained two-story structure with multiple rooms and restrooms, zoned commercial for office, studio, or income uses.
      403 W Franklin Street, Alvord, TX 76225
      View Details
    • $999,000

      Office Building with Shop Setup

      Office configuration with a shop building, ample parking, and substantial highway frontage for practical business visibility and access.
      5716 N 287, Alvord, TX 76225
      View Details
    • $2,394,000

      Ranch with Coastal Pasture and Home

      A fully fenced, hay-producing ranch property with direct road access and an on-site brick home and equestrian improvements.
      2548 County Road 2690, Alvord, TX 76225
      View Details
    • $1,600,000

      Established Short-Term Rental Compound

      Operating VRBO with four separate units, a centralized bathhouse, and guest amenities on expansive oak-shaded land.
      CR 1270, Alvord, TX 76225
      View Details
    • $850,000
      2,400 SF

      Turnkey Automotive Repair Shop

      Established auto repair and retail shop in Alvord, Texas.
      103 W Franklin Street, Alvord, TX 76225
      View Details
    • $850,000
      2,308 SF

      Retail Space For Sale

      Retail space available with a 9.20% CAP rate.
      103 W Franklin St, Alvord, TX 76225
      View Details
    • $875,000
      6,480 SF

      Alvord Industrial Property For Sale

      6,480 SF industrial property in Alvord, Texas.
      3984 US-287, Alvord, TX
      View Details
    • $999,000

      Highway Frontage Business Opportunity

      Office and shop building with ample parking and highway frontage.
      5716 N 287, Alvord, TX, 76225
      View Details

    FAQs

    What type of property is this?
    Ranch - 54.5 acre ranch property in Alvord, Texas.
    Where is this ranch located?
    The property is located at 4487 N US Highway 287 Alvord, TX.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Ranch architectural style; Fenced yard; Exterior fence
    (940) 736-8061
    We can help!
    Listing Contact
    DANNY HODGES
    DANNY HODGES
    Real Estate License ID: 0364457
    Learn More
    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
    4487 N US Highway 287, Alvord, TX 76225
    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!