Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    640 M24 Rd Ranger, TX 76470

    View on Map
    Sponsored
    For Sale
    $80,000

    Unimproved Land - Ranger, TX

    Type:Unimproved Land
    Lot size:
    8.43 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 27 at 11:06 pm

    Property Features for 640 M24 Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    0067833
    Lot size
    8.43 Acres

    Building Details

    Year built
    2000
    Architectural style
    Other

    We can help!

    Listing Contact
    Corie Oliveira

    Texas Legacy Group

    Listing agent Corie Oliveira License #0690024

    Listing date Mar 15, 2026

    MLS# 21208969 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

    Property Insight Report

    Overview

    Ranger, TX Unimproved Land

    This 8.43-acre property is located at the end of a country road in Ranger, Texas. The land is fully fenced and includes a small cabin and a campground area. Power is located nearby. The property can be used for recreational purposes or for building a dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Ranger
    County
    Eastland
    State
    Texas
    Longitude
    -98.697924
    Latitude
    32.456477

    Nearby Similar for Sale

    • New
      $320,000
      2,400 SF

      Commercial Property Near Interstate 20

      One-acre commercial property with office and warehouse space near I-20.
      1500 Loop 254 W, Ranger, TX 76470
      View Details
    • New
      $685,000
      83.40 Acres

      Ranger, TX Ranch with Views

      83.4-acre ranch featuring a home, workshop, and recreational opportunities.
      12436 County Road 134, Ranger, TX 76470
      View Details
    • $65,000
      0.41 Acres

      Commercial Opportunity in Ranger, Texas

      Commercial location suitable for restaurants, retail, or office space.
      400 Loop 254 E, Ranger, TX 76470
      View Details
    • $250,000
      0.36 Acres

      Historical Theater with Business Potential

      Historical theater in Ranger, TX, with residential quarters and bar.
      114 S Austin St, Ranger, TX 76470
      View Details
    • $89,900
      0.09 Acres

      Office Building in Ranger, TX

      Office building suitable for CPA or groomer in Ranger, TX.
      113 S Rusk St, Ranger, TX 76470
      View Details
    • $2,250,000
      3,010 SF

      Turnkey Ranch with Luxury Barndominium

      202-acre ranch featuring a barndominium and guest home.
      13786 Fm 1852, Ranger, TX 76470
      View Details
    • New
      $129,900
      0.50 Acres

      Ranger, TX Warehouse with Parking

      Charming 1920s warehouse with adjacent parking lot for sale.
      115 N Commerce St, Ranger, TX 76470
      View Details
    • $1,440,000
      360.00 Acres

      360-Acre Ranch with Wind Turbine Income

      Combination ranch with grazing, hunting, and wind turbine income potential.
      7528 Fm 717 S, Ranger, TX 76470
      View Details
    • $395,000
      46.00 Acres

      Legends of Big Bear Ranch

      46-acre ranch ideal for Airbnb and investment.
      Tbd County Rd 494, Ranger, TX 76470
      View Details
    • $65,000
      1,822 SF

      Commercial Building with Restaurant Potential

      Versatile commercial space suitable for restaurant, retail, or office use.
      400 Loop 254 E, Ranger, TX 76470
      View Details
    • $95,000
      0.49 Acres

      Ranger Office Building For Sale

      Office building with five rooms, kitchenette, and ample parking.
      2229 Loop 254 E, Ranger, TX 76470
      View Details
    • New
      $299,000
      48.12 Acres

      Ranger, TX Ranch on Highway

      48.12 acres with creek, trees, and livestock amenities.
      Tbd Hwy 101, Ranger, TX 76470
      View Details

    FAQs

    What type of property is this?
    Recreation land - 8+ acre recreational land or dream home property in Ranger.
    Where is this recreation land located?
    The property is located at 640 M24 Rd Ranger, TX.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - 8+ acre property; - Fully fenced; - Potential for building a dream home
    (817) 312-6165
    Request Owner's contact information
    640 M24 Rd Ranger, TX 76470
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    640 M24 Rd
    Ranger, TX 76470
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    640 M24 Rd Ranger, TX 76470
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Corie Oliveira
    Real Estate License ID: 0690024
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!