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    503 Oak Knoll Lane Elm Mott, TX 76640

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    Claim this Listing
    New
    For Sale
    $599,000

    Ranch,Other, Farm/Ranch - Elm Mott, TX

    Type:Farm
    Property size:
    2,544 SF
    Lot size:
    5.02 Acres
    Price / SF:
    $235/SF
    Added:
    Apr 20, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 21 at 9:06 pm

    Property Features for 503 Oak Knoll Lane

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Carport, Covered, Driveway, Gated, Open, Oversized, RV, Secured
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Built-in Features, Eat-in Kitchen, Loft, Natural Woodwork, Open Floorplan, Pantry, Tile Counters
    Exterior features
    Awning(s), Balcony, Covered Deck, Covered Patio/Porch, Rv/Boat Parking, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Dryer, Garbage Disposer, Refrigerator, Washer, Water - Filter
    Standard status
    Active
    APN
    280565000002048
    Size
    2,544 SF
    Lot size
    5.02 Acres

    Utilities

    Heating system
    Central, Fireplace(s), Pellet Stove (Heating), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    1972
    Building materials
    Stone
    Roof type
    Fiberglass
    Architectural style
    Ranch
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Cate Marmonti

    Listing agent Cate Marmonti License #680186

    Listing office Closing Stage 10412 China Spring Rd Ste F PMB 1052, Waco, TX

    Listing date Apr 20, 2026

    MLS# 21245095 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

    Elm Mott Ranch on 5 Acres

    Located on 5 acres, Oak Knoll Lane offers space and flexibility. The interior features new carpet and hardwood flooring in the entry, kitchen, and hallway. The updated kitchen opens into the main living space. The property includes 3 bedrooms and 3 full baths, including two primary suites, providing flexibility for multi-generational living or guests. Two separate living areas offer room to spread out. The property backs to conservation land, offering privacy. The land includes a shop, a cinder block structure suitable for an office or studio, a shed, a 4-post lean-to for equipment, and an animal barn. The property is serviced by a community well with an in-home filtration system. The property is equipped for both function and lifestyle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Elm Mott
    County
    McLennan
    State
    Texas
    Longitude
    -97.0615655
    Latitude
    31.6642076

    Nearby Similar for Sale

    • $700,000
      1,826 SF

      Elm Mott Farm/Ranch Retreat

      Private countryside retreat with renovated home and open space.
      1325 N Katy Road, Elm Mott, TX 76640
      View Details
    • $450,000
      3,500 SF

      Elm Mott Warehouse For Sale

      3,500+/- SF warehouse near I-35 in Elm Mott, TX.
      193 S Katy Rd, Elm Mott, TX 76640
      View Details

    FAQs

    What type of property is this?
    Farm - Spacious ranch on 5 acres with flexible living spaces.
    Where is this farm located?
    The property is located at 503 Oak Knoll Lane Elm Mott, TX.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 5‑acre property backing to conservation land, providing privacy and protected views; Two primary suites offer flexibility; Multiple outbuildings: shop, cinder block structure (office/studio potential), shed, lean‑to, and animal barn
    (254) 744-1630
    We can help!
    Listing Contact
    Cate Marmonti
    Real Estate License ID: 680186
    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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