Sign Up Successful!
You now have access to more from Realmo!
    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

    845 Pr 845 Pr Teague, TX 75860

    Sponsored
    Picture of Agricultural land at Pr 845 Pr 845, Teague, TX
    For Sale
    $159,990

    Unimproved Land - Teague, TX

    Type:Unimproved Land
    Lot size:
    12.00 Acres
    Days on Market:
    130
    Last Refresh:
    Jan 24 at 5:06 pm

    Property Features for 845 Pr 845 Pr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    53769
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    12.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Debra Jones
    Debra Jones

    Fathom Realty LLC (888) 455-6040

    Listing agent Debra Jones (888) 455-6040 License #0531736

    Listing date Sep 17, 2025

    MLS# 21061181 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

    Teague, TX Unimproved Land

    This 12-acre tract of land on PR 845 in Teague, Texas, is suitable for building a home, creating a hobby farm, or enjoying open space. The property qualifies for an agriculture exemption, making it ideal for farm and ranch use. It is located minutes from Lake Limestone, Richland Chambers Reservoir, and Big Lake Bottom Wildlife Management Area, offering opportunities for fishing, boating, hunting, and outdoor recreation. The town of Teague provides local shops, dining, and Teague City Park. The location offers rural living with convenient access to town amenities and highways. Quick access to I-45 allows for travel to Dallas in approximately 90 minutes, Houston in about 2 hours, and Waco in roughly 40 minutes. The lot size and boundaries are approximate and based on available mapping data.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Teague
    County
    Freestone
    State
    Texas
    Longitude
    -96.33157052
    Latitude
    31.61283556

    Nearby Similar for Sale

    • $87,500
      2,732 SF

      Former Church with Parsonage

      Unique church property with parsonage, ideal for various uses.
      408 Tyler St, Teague, TX 75860
      View Details
    • $549,500

      60-Acre Ranching and Recreation Retreat

      60 acres of versatile land with farmhouse near Teague, TX.
      130 Fm 1451, Teague, TX 75860
      View Details
    • $320,000

      22-Acre Fenced Farm Property

      22 acres near Teague, TX, ideal for livestock.
      403 Fm 80 S, Teague, TX 75860
      View Details
    • $399,000

      Teague Commercial Building on Main

      Commercial building with three units in downtown Teague, Texas.
      600 E Main St, Teague, TX 75860
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 12 acres of land perfect for recreation or building.
    Where is this agricultural land located?
    The property is located at 845 Pr 845 Pr Teague, TX.
    What is the asking price?
    The asking price for this property is $159,990.
    What are key features of this property?
    This property features: - 12 Acres of land suitable for building a home or hobby farm; - Agriculture exemption eligibility for farm/ranch use; - Close proximity to Lake Limestone, Richland Chambers Reservoir, and Big Lake Bottom Wildlife Management Area
    (888) 455-6040
    Request Owner's contact information
    845 Pr 845 Pr Teague, TX 75860
    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.
    845 Pr 845 Pr
    Teague, TX 75860
    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
    845 Pr 845 Pr Teague, TX 75860
    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
    Debra Jones
    Debra Jones
    Real Estate License ID: 0531736
    (888) 455-6040
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.