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    Renovated Farmhouse on 12 Acres Title is generated by Realmo AI

    5615 Century LN. Texarkana, Texarkana, TX 75503

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    For Sale
    $850,000

    Farm / Farmhouse, House (Detached) - Texarkana, TX, TX

    Type:Farm
    Property size:
    1,925 SF
    Lot size:
    12.17 Acres
    Price / SF:
    $441/SF
    Added:
    Dec 29, 2025
    Days on Market:
    156
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 5615 Century LN. Texarkana

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    100
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Living Room
    Parking features
    Garage
    Interior features
    Walk-in Closet
    Appliances
    Dishwasher, Refrigerator, Washer
    Standard status
    Active
    APN
    17500001200
    Size
    1,925 SF
    Lot size
    12.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7000

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Year renovated
    1925
    Floors in Building
    2
    Flooring type
    Hardwood
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis Schafer

    Listing agent Dennis Schafer

    Listing office D.Schafer Realty 2916 Pleasant Grove Rd., Texarkana, TX

    Listing date Dec 29, 2025

    MLS# 11622784 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 12 private acres within city limits with all city utilities.
    • Extensive, thoughtful renovation blending historic character with modern luxury.
    • Approximately 1,900 sq. ft. of inviting outdoor porches.
    • Gourmet kitchen in the original entry.
    • Ready‑to‑build 35' x 40' concrete pad for shop/garage/studio.
    • New roof, energy‑efficient windows, complete rewiring, updated plumbing, and blown‑in insulation.

    Overview

    This renovated 1925 farmhouse seamlessly blends historic character with modern luxury. Situated on 12 private acres within city limits, the property benefits from city utilities. The home features a new roof, energy-efficient windows, complete rewiring, new drywall, and updated plumbing throughout. Blown-in insulation provides year-round comfort, and new exterior siding enhances curb appeal. The floor plan has been reimagined, with the original entry now serving as a gourmet kitchen. The home includes added 1.5 bathrooms, featuring a primary bath with a clawfoot tub and tiled shower. The original bathroom has been enhanced with a new shower, sink, and toilet. Interior doors have been sanded and refinished, and vintage hardware has been cleaned and restored. Approximately 1,900 sq. ft. of outdoor porches offer space for relaxing or entertaining. Practical upgrades include a natural gas line extended outdoors for backup generator hookup, new fencing along Park Drive, a fresh gravel driveway off Century Lane, and cleared and mulched undergrowth across the acreage. A ready-to-build 35' x 40' concrete pad is ideal for a future shop, garage, or studio. The property size is 1925 square feet and the lot size is 12.17 acres.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.053785
    Latitude
    33.472674

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    FAQs

    What type of property is this?
    Farm - Charming 1925 farmhouse with modern updates on 12 acres.
    Where is this farm located?
    The property is located at 5615 Century LN. Texarkana Texarkana, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 12 private acres within city limits with all city utilities.; Extensive, thoughtful renovation blending historic character with modern luxury.; Approximately 1,900 sq. ft. of inviting outdoor porches.
    (479) 236-7535
    We can help!
    Listing Contact
    Dennis Schafer
    Real Estate License ID: AR PB00063544 TX 606033
    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.

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