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    4491 S Fm 2869 Hawkins, TX 75765

    View on Map
    Sponsored
    For Sale
    $574,900

    Ranch, Farm/Ranch - Hawkins, TX

    Type:Farm
    Property size:
    2,592 SF
    Lot size:
    19.48 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 7 at 9:06 am

    Property Features for 4491 S Fm 2869

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    R19751
    Parking features
    Boat, Carport, Garage, Oversized, RV
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Built-in Features, Cable Tv Available, Double Vanity, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Deck, Covered Patio/Porch, Lighting, Rv Hookup, Rv/Boat Parking, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Microwave, Refrigerator, Washer
    Size
    2,592 SF
    Lot size
    19.48 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating), Fireplace(s), Fireplace Insert
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1999
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Fiber Cement, Frame
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    RV/Boat Storage, Storage

    We can help!

    Listing Contact
    Pamela Krause
    Pamela Krause

    Ultima Real Estate (972) 980-9393

    Listing agent Pamela Krause (972) 980-9393 License #0655171

    Listing date Feb 27, 2026

    MLS# 21081638 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

    Overview

    Hawkins Ranch with Two Homes

    This property features two homes, each with three bedrooms and two bathrooms, situated on 19.48 acres. The land is home to wildlife including deer, dove, duck, and hogs. The property includes two workshops with electric, a she shed, a man cave, an RV carport with hookups, a boat carport, a tractor carport, a storage building, and a greenhouse. It also has a water well, two separate septic systems, underground utilities, and a pond. Both houses come with all kitchen appliances. Furniture, a tractor, a boat, a four-wheeler, and a golf cart with a utility bed are available for sale separately. The property is located approximately half a mile from Hawkins Lake and could be used for hunting.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Hawkins
    County
    Wood
    State
    Texas
    Longitude
    -95.247378
    Latitude
    32.645004

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    FAQs

    What type of property is this?
    Farm - Two homes on 19.48 acres near Hawkins Lake.
    Where is this farm located?
    The property is located at 4491 S Fm 2869 Hawkins, TX.
    What is the asking price?
    The asking price for this property is $574,900.
    What are key features of this property?
    This property features: - Two Homes: Includes two separate 3-bedroom, 2-bath houses.; - 19.48 Acres: Large property ideal for hunting and enjoying wildlife.; - Multiple Outbuildings: Features 2 workshops with electric, she shed, man cave, RV carport & hookups, boat carport, tractor carport, and storage building.
    (903) 405-7398
    Request Owner's contact information
    4491 S Fm 2869 Hawkins, TX 75765
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    Hawkins, TX 75765
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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
    4491 S Fm 2869 Hawkins, TX 75765
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    We can help!
    Listing Contact
    Pamela Krause
    Pamela Krause
    Real Estate License ID: 0655171
    (903) 405-7398 (972) 980-9393 (972) 217-5760
    Learn more
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