Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Acreage with Highway Frontage Title is generated by Realmo AI

    645 FM 339, Mount Calm, TX 76673

    View on Map
    Claim this Listing
    For Sale
    $215,000

    Improved Land - Mount Calm, TX

    Lot size:
    9.19 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    45
    Last Refresh:
    May 31 at 9:06 pm

    Property Features for 645 FM 339

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    123036
    Lot size
    9.19 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mindy Lawson

    Listing agent Mindy Lawson License #0793705

    Listing office Real Broker, LLC 2626 Cole Avenue, Dallas, TX

    Listing date Apr 17, 2026

    MLS# 21190921 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.

    HighLights

    • 9.19 acres with approximately 1500 ft of road frontage on Texas State Highway 31, offering exceptional access and visibility.
    • Dual road access: Texas State Highway 31 and Farm to Market Road 339.
    • Two septic systems already installed.
    • Electric available at the road: single and three phase.
    • Fully fenced property with two separate entrances.
    • Existing cattle chutes convey with the sale.

    Overview

    This 9.19-acre property is located in Mount Calm, Texas, and offers access and visibility with approximately 1500 feet of road frontage on Texas State Highway 31, as well as additional access from Farm to Market Road 339. The property is fully fenced and features two separate entrances. Improvements include two septic systems and existing cattle chutes that will convey with the sale. Electric service, including single and three-phase options, is available at the road, along with a fiber optic box. The property's combination of highway frontage and secondary road access creates potential for residential, agricultural, or other permitted uses. The location offers high visibility and room to build, operate, or invest. The property has infrastructure already in place and dual road access in a growing Central Texas corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Law Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Calm
    County
    Hill
    State
    Texas
    Longitude
    -96.8828862
    Latitude
    31.7659367

    Nearby Similar for Sale

    • $450,000
      1,250 SF

      Mount Calm Recreational Ranch

      46.29 acre recreational property with house and pond.
      318 Hcr 3249, Mount Calm, TX 76673
      View Details
    • $150,000

      10 Acres of Unimproved Land

      10 acres of unimproved land perfect for a rural oasis.
      Tbd Lot 9 FM 339, Mount Calm, TX 76673
      View Details
    • $1,300,736

      Central Texas Ranch Land

      101.6 acres of ranch land with improvements in Mount Calm.
      2778 Fm 339, Mount Calm, TX 76673
      View Details
    • $178,000

      Mount Calm Ranchette Development Land

      Turn-key lot with utilities for affordable country living near Waco.
      10 Ac. Tract 8 LCR 131, Mount Calm, TX 76673
      View Details
    • $120,000

      Mount Calm Ranchette Development Land

      Turn-key 6-acre lot with utilities near Waco, Groesbeck, Mexia.
      6 Ac. Tract 3 LCR 131, Mount Calm, TX 76673
      View Details
    • $120,000

      Mount Calm Ranchette Development Land

      Restricted ranchette development land with utilities in place.
      Tract 2 Fm 339 Road, Mount Calm, TX 76673
      View Details
    • $120,000

      6 Acres in Mount Calm

      Turn-key lot with utilities for affordable country living near Waco.
      6 Ac. Tract 2 FM 339, Mount Calm, TX 76673
      View Details
    • $29,999

      Residential Land in Mount Calm

      Unimproved land suitable for a home, barndominium, or mobile home.
      210 S SEELEY Avenue, Mount Calm, TX 76673
      View Details
    • $120,000

      Mount Calm Ranchette Lot

      Turn-key 6-acre lot with utilities in Mount Calm, TX.
      Tract 3 Fm 339, Mount Calm, TX 76673
      View Details
    • $178,000

      Mount Calm Ranchette Development Land

      Turn-key lot with utilities in a growing area.
      Tract 7 Fm 339, Mount Calm, TX 76673
      View Details
    • $400,000

      Mount Calm Ranch with Acreage

      58.67-acre ranch property featuring fencing, stock tank, and barn.
      Tbd County Road 3254, Mount Calm, TX 76673
      View Details
    • $178,000

      Mount Calm Ranchette Development Land

      Turn-key lot with utilities in restricted Mount Calm development.
      10 Ac. Tract 7 CR 131, Mount Calm, TX 76673
      View Details

    FAQs

    What type of property is this?
    Land - 9.19 acres in Mount Calm with highway and road access.
    Where is this land located?
    The property is located at 645 FM 339 Mount Calm, TX.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: 9.19 acres with approximately 1500 ft of road frontage on Texas State Highway 31, offering exceptional access and visibility.; Dual road access: Texas State Highway 31 and Farm to Market Road 339.; Two septic systems already installed.
    (855) 450-0442
    We can help!
    Listing Contact
    Mindy Lawson
    Real Estate License ID: 0793705
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    645 FM 339, Mount Calm, TX 76673
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!