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    5030 N FM RD 148 Crandall, TX 75114

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    Claim this Listing
    For Sale
    $5,750,000

    Ranch - Crandall, TX

    Type:Ranch
    Lot size:
    220.00 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    196
    Last Refresh:
    Apr 15 at 9:06 pm

    Property Features for 5030 N FM RD 148

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    9817
    Lot size
    220.00 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Derrick Dameron

    Listing agent Derrick Dameron License #0781337

    Listing office Compass RE Texas, LLC. 5960 Berkshire Lane #700, Dallas, TX

    Listing date Oct 2, 2025

    MLS# 20976299 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

    Development Tract in Kaufman County

    This 220-acre tract is located in Kaufman County, Texas, within the Forney Independent School District. The gently rolling land presents development potential. Situated 28 miles east of downtown Dallas, the property is accessible via FM 148 on its western border and has nearly 2400 feet of frontage along Kaufman County Road 262 on its southern border. An 8-inch water line is available on FM 148, and a 4-inch line is accessible on CR 262, both provided by Gastonia Scurry SUD. A 12-acre soil conservation lake, located in the northern pasture, offers bass fishing and is part of a 53-acre conservation easement. The property also includes three developed ponds for livestock within the bermudagrass pastures. An older home with all utilities is present on the property, though it has little contributory value. Little to none of the property is located in the FEMA floodplain. The property is subject to an agricultural exemption, with estimated annual taxes totaling $8,000.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Crandall
    County
    Kaufman
    State
    Texas
    Longitude
    -96.398953
    Latitude
    32.662031

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    FAQs

    What type of property is this?
    Ranch - 220-acre development tract in Forney ISD with prime potential.
    Where is this ranch located?
    The property is located at 5030 N FM RD 148 Crandall, TX.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: Prime development potential in rapidly growing Kaufman County.; **222 gently rolling acres with significant road frontage** on FM 148 and Kaufman County Road 262.; Located in Forney ISD, 28 miles East of downtown Dallas.
    (214) 855-4000
    We can help!
    Listing Contact
    Derrick Dameron
    Real Estate License ID: 0781337
    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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