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    Farmhouse on 2 Acres Near Calvert Title is generated by Realmo AI

    9523 West Farm to Market 1644, Calvert, TX 77837

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    Claim this Listing
    Pending
    $315,000

    Residential (farm-ranch),Farm,Historic - Calvert, TX

    Type:Farm
    Property size:
    2,600 SF
    Lot size:
    2.10 Acres
    Added:
    May 6, 2026
    Days on Market:
    26
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 9523 West Farm to Market 1644

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport, Garage
    Vegetation
    Partially Wooded, Wooded
    Exterior features
    Barn(s), Barns, Additional_house, Additional House, Partially Wooded, Pens, Well
    Fireplace
    1
    Standard status
    Pending
    APN
    4157
    Size
    2,600 SF
    Lot size
    2.10 Acres

    Utilities

    Heating system
    Central, Fireplace(s)

    Building Details

    Year built
    1955
    Year renovated
    1955
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Lena Thomas

    Listing agent Lena Thomas License #782480

    Listing office Medve Real Estate, LLC. 7265 FM 1370, Washington, TX

    Listing date May 6, 2026

    MLS# 154668 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing potential with existing short‑term rental setup.
    • 2.097 acres suitable for agricultural use, including a 1,500 sq ft barn with chicken coop and pens.
    • 2,600 sq ft home featuring 4 bedrooms and 2 full bathrooms.
    • Additional approximately 1,000 sq ft area with potential for a mother‑in‑law suite or guest quarters.
    • Enjoy the open‑concept living, dining, and kitchen area.
    • Minutes from the heart of Calvert, combining country living with convenient access to town.

    Overview

    Located near the heart of Calvert, Texas, this property, known as Cow Creek Farms, is situated on 2.097 acres. The residence offers 2,600 square feet of living space, featuring 4 bedrooms and 2 full bathrooms. The home includes an open-concept living, dining, and kitchen area. Currently, half of the home is configured as a short-term rental, providing options for owner occupancy, multigenerational living, or income generation. An additional area of approximately 1,000 square feet presents potential for a mother-in-law suite, guest quarters, or separate living space. The property is suitable for agricultural use, with improvements including a 1,500 square foot barn equipped with a chicken coop and pens, supporting livestock, poultry, 4-H, FFA, or hobby farming. The acreage provides space for animals, equipment, or related agricultural activities. This property combines farmhouse charm with modern livability.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $47.7k $18.36
    − Vacancy −$2.4k −$0.92
    EGI $45.3k $17.44
    − OpEx −$20.4k −$7.85
    NOI $24.9k $9.59
    2,600 SF · lease $18.36/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $356.3K
    $311.8K – $415.7K (±1% cap)
    NOI $24,942 @ 7.0% cap · market cap 7.92%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $640.2K
    $560.2K – $746.9K (±1% cap)
    NOI $44,816 @ 7.0% cap · market cap 14.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Calvert
    County
    Robertson
    State
    Texas
    Longitude
    -96.634733
    Latitude
    30.995119

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    FAQs

    What type of property is this?
    Farm - Farm property with rental income potential near Calvert, Texas.
    Where is this farm located?
    The property is located at 9523 West Farm to Market 1644 Calvert, TX.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Income‑producing potential with existing short‑term rental setup.; 2.097 acres suitable for agricultural use, including a 1,500 sq ft barn with chicken coop and pens.; 2,600 sq ft home featuring 4 bedrooms and 2 full bathrooms.
    (936) 662-7604
    We can help!
    Listing Contact
    Lena Thomas
    Real Estate License ID: 782480
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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.

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