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

    73.36 Acres Fm 1562 Celeste, TX 75423

    View on Map
    Sponsored
    For Sale
    $1,907,386

    Unimproved Land - Celeste, TX

    Type:Unimproved Land
    Lot size:
    73.36 Acres
    Days on Market:
    166
    Last Refresh:
    Mar 10 at 8:06 am

    Property Features for 73.36 Acres Fm 1562

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    23073
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    73.36 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Zee Star

    Perfect Realty Partners (469) 252-1252

    Listing agent Zee Star (469) 252-1252 License #0767253

    Listing date Sep 26, 2025

    MLS# 20946044 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

    Overview

    73 Acres Investment Opportunity

    This 73-acre property in Celeste, TX, presents an investment opportunity. The land features road frontage on FM 1562, CR 1093, and CR 1092, with water lines accessible from all three roads. The property is flat and usable, enclosed with pipe fencing on all sides. It is suitable for residential subdivision, commercial development, or long-term land holding. Located minutes from Hwy 69 and Celeste city center, the property offers direct FM access to Blue Ridge. This tract is positioned in a high-growth corridor.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Celeste
    County
    Hunt
    State
    Texas
    Longitude
    -96.22942996
    Latitude
    33.29625864

    Nearby Similar for Sale

    • $900,000
      57.65 Acres

      57.65 Acres in Hunt County

      Land with workshop, cottage, and development potential in Celeste, TX.
      County Road 1110, Celeste, TX 75423
      View Details
    • $575,000
      3,336 SF

      Spacious Country Home with Workshop

      3336 sq ft home on 15.5 acres with workshop.
      2506 Fm 272, Celeste, TX 75423
      View Details
    • New
      $729,000
      1,794 SF

      Texas Barndominium on 12 Acres

      Unique barndominium on 12 acres in North Texas.
      645 County Road 4875, Celeste, TX 75423
      View Details
    • $495,000
      35.00 Acres

      35 Acres of Pastureland

      35 acres of open pastureland, perfect for agriculture or recreation.
      35 Ac County Rd 1046, Celeste, TX 75423
      View Details
    • $750,000
      2,584 SF

      53+ Acres with Two Homes

      AG-exempt land with two homes and development potential.
      7141 County Road 1050, Celeste, TX 75423
      View Details
    • $750,000
      53.00 Acres

      53-Acre Farm with Two Homes

      53-acre farm featuring two homes and a workshop.
      7143 County Road 1050, Celeste, TX 75423
      View Details

    FAQs

    What type of property is this?
    Land - 73-acre property in Celeste, TX, ideal for development or investment.
    Where is this land located?
    The property is located at 73.36 Acres Fm 1562 Celeste, TX.
    What is the asking price?
    The asking price for this property is $1,907,386.
    What are key features of this property?
    This property features: - 73-acre property in rapidly growing Celeste, TX.; - Extensive road frontage on FM 1562, CR 1093, and CR 1092.; - Water lines available at all three roads.
    (469) 252-1261
    Request Owner's contact information
    73.36 Acres Fm 1562 Celeste, TX 75423
    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.
    73.36 Acres Fm 1562
    Celeste, TX 75423
    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
    73.36 Acres Fm 1562 Celeste, TX 75423
    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
    Zee Star
    Real Estate License ID: 0767253
    (469) 252-1261 (469) 252-1252
    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!