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    4790 N FM 17 Alba, TX 75410

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    Claim this Listing
    For Sale
    $3,400,000

    Ranch, Farm/Ranch - Alba, TX

    Type:Farm
    Property size:
    1,645 SF
    Lot size:
    34.16 Acres
    Price / SF:
    $2,066/SF
    Added:
    Nov 2, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 25 at 3:06 pm

    Property Features for 4790 N FM 17

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Driveway, Garage
    Interior features
    Decorative Lighting, Eat-in Kitchen, Paneling
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric
    Standard status
    Active
    APN
    10988
    Size
    1,645 SF
    Lot size
    34.16 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1967
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Derrell Hurley
    Derrell Hurley

    Listing agent Derrell Hurley License #0598257

    Listing office Freedom Realty 322 Gilmer St, Sulphur Springs, TX

    Listing date Nov 2, 2025

    MLS# 21102100 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.

    Overview

    Lake Fork Waterfront Ranch Estate

    This property offers 34.16 acres of deeded land and approximately 33 acres of Sabine River Authority leaseback, totaling 67 acres. It features nearly one mile of pristine waterfront. The land is mostly level, offering open acreage bordered by trees and accented with three ponds and open-water views. The shoreline provides panoramic lake views and direct access to deep water, ideal for boating and fishing. The property includes a brick three-bedroom home, sold as is, and barns. Located on FM 17, it offers easy access to nearby marinas, dining, and Lake Fork amenities. The property presents opportunities for creating a private ranch estate, exclusive retreat, or exploring development opportunities for luxury homes, waterfront retreats, or an exclusive residential development. The expansive shoreline provides ample space to build a private boathouse or boat ramp, subject to Sabine River Authority approval. It is located in Alba, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Real Estate Agency Restaurant Auto Repair Shop Kitchen & Bath Showroom Department Store Storage Facility Hotel & Motel Bakery Restaurant Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Alba
    County
    Wood
    State
    Texas
    Longitude
    -95.632664
    Latitude
    32.874143

    Nearby Similar for Sale

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      Alba Farmhouse with Barndo and Shop

      Farmhouse with barndo, shop, and outdoor living near Lake Fork.
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      Downtown Alba Commercial Building

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      Alba Ranch with Multi-Home Potential

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      Camp and Retreat Center

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    FAQs

    What type of property is this?
    Farm - 34.16 acres with approximately one mile of pristine waterfront.
    Where is this farm located?
    The property is located at 4790 N FM 17 Alba, TX.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 67 acres with nearly one mile of Lake Fork waterfront (34.16 deeded, 33 leaseback).; Unrestricted land ideal for private ranch estate, retreat, or residential development.; Direct deep‑water access to Lake Fork, perfect for boating and fishing enthusiasts.
    (903) 335-8921
    We can help!
    Listing Contact
    Derrell Hurley
    Derrell Hurley
    Real Estate License ID: 0598257
    Learn More
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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
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