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    6880 County Road 4042 Kemp, TX 75143

    Sponsored
    For Sale
    $989,000

    Modern Farmhouse, Farm/Ranch - Kemp, TX

    Type:Farm
    Property size:
    3,786 SF
    Lot size:
    25.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 27 at 8:06 am

    Property Features for 6880 County Road 4042

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    1951
    Parking features
    Driveway, Garage, Open
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Tv Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rain Gutters, Private Entrance, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Range - Gas, Washer, Water - Filter
    Size
    3,786 SF
    Lot size
    25.00 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Fireplace(s), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2008
    Floors in Building
    2
    Flooring type
    Carpet, Concrete, Tile, Tile - Ceramic, Wood
    Building materials
    Brick, Stone
    Roof type
    Composition
    Architectural style
    Modern
    Additional Structures
    Barn(s), Stable(s), Storage

    We can help!

    Listing Contact
    Val McGilvra

    Cedar Creek Lake Real Estate (469) 939-5554

    Listing agent Val McGilvra (903) 418-5253 License #0742576

    Listing date Feb 25, 2026

    MLS# 21189507 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

    Texas Ranch with Modern Farmhouse

    This property, located outside city limits in Kaufman County, Texas, features a combination of country living and modern comfort. Situated approximately 45 minutes from Dallas and 30 minutes from Canton, the property includes a home that has been updated with an open layout, wood flooring, and finishes. The remodeled kitchen and bathrooms feature countertops, cabinetry, and fixtures. The living area includes a stone fireplace with built-in shelving. A sunroom overlooks pastures. The primary suite includes a bathroom with dual rain showers, a soaking tub, and double vanities. A gated entrance leads to a private drive bordered by ranch fencing and Texas star accents. The land is ag exempt and includes a stocked pond, a barn with stables, and a chicken coop. The acreage is open and usable, suitable for horses or cattle. The property includes the home, shop, and approximately 25 acres, and will need to be replatted to reflect on the legal description. Additional acreage is available for purchase. The property offers possibilities for a family homestead, a working ranch, or a weekend escape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.225637
    Latitude
    32.366501

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    FAQs

    What type of property is this?
    Ranch - Updated farmhouse on 25 acres near Dallas and Canton.
    Where is this ranch located?
    The property is located at 6880 County Road 4042 Kemp, TX.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Updated Home on +-25 Acres: Beautifully updated home with modern finishes, open layout, and luxurious primary suite.; - Ag Exempt Land with No Restrictions: Offers flexibility for various uses.; - Convenient Location: Situated outside city limits, 45 minutes from Dallas and 30 minutes from Canton.
    (903) 418-5253
    Request Owner's contact information
    6880 County Road 4042 Kemp, TX 75143
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    Kemp, TX 75143
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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
    6880 County Road 4042 Kemp, TX 75143
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    We can help!
    Listing Contact
    Val McGilvra
    Real Estate License ID: 0742576
    (903) 418-5253
    Learn more
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