Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land Ready For Development Title is generated by Realmo AI

    68.37 Acres Tbd County Road 108, Alvarado, TX 76009

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,125,000

    Unimproved Land - Alvarado, TX

    Type:Unimproved Land
    Lot size:
    68.37 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    39
    Last Refresh:
    May 29 at 8:06 pm

    Property Features for 68.37 Acres Tbd County Road 108

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Private Entrance, Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    126056000040
    Lot size
    68.37 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sara Eppler

    Listing agent Sara Eppler License #0776860

    Listing office eXp Realty LLC 5605 N MacArthur Blvd 10th flr, Austin, TX

    Listing date Apr 21, 2026

    MLS# 21216678 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

    • 68.37 UNRESTRICTED acres, AG EXEMPT, ready for various uses.
    • FULLY FENCED and CROSS FENCED, gated, FRESHLY SHREDDED, and RECENTLY SURVEYED.
    • Approximately 675 FEET OF ROAD FRONTAGE on FM 1807 with utilities available.
    • FLAT and highly usable land, suitable for building, horses, or subdividing.
    • Features a POND, adding character and practical water source.
    • Conveniently located 40 minutes south of Fort Worth.

    Overview

    This 68.37-acre tract of land in Alvarado, Texas, is fully fenced and cross-fenced, gated, freshly shredded, and recently surveyed. The land is currently ag exempt and unrestricted. It features approximately 675 feet of road frontage on FM 1807, with all utilities available at the street. The flat and highly usable land is suitable for a horse facility, custom home, family compound, or future subdividing. A pond adds character and practicality, while the open layout provides flexibility for barns, arenas, additional homesites, or continued agricultural use. The property is located 40 minutes south of Fort Worth, offering a balance of country living and convenient access to city amenities. This acreage offers space, accessibility, and opportunity for building a dream home, establishing a horse property, or investing in land with long-term potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Alvarado
    County
    Johnson
    State
    Texas
    Longitude
    -97.2192
    Latitude
    32.4269

    Nearby Similar for Sale

    • $550,000

      Alvarado Retail/Office Space For Sale

      High-visibility retail/office space with storage on a 1+ acre lot.
      400 E Highway 67, Alvarado, TX 76009
      View Details
    • $2,999,999
      4,264 SF

      Equestrian Estate with Covered Arena

      28-acre Texas horse property with arena and multiple residences.
      9345 County Road 519, Alvarado, TX 76009
      View Details
    • $1,750,000
      7,206 SF

      Renovated Industrial Property with Storage

      3.5 acres with renovated 7,206 SF building and storage.
      11733 FM 917, Alvarado, TX 76009
      View Details
    • $2,499,000
      2,287 SF

      Texas Ranch with Income Potential

      38.72 acre Alvarado ranch with renovated home and income potential.
      3829 Fm 2738, Alvarado, TX 76009
      View Details
    • $497,500

      Raw Land Near Highway 67

      19.17 acres of unimproved land with highway access.
      6333 E Highway 67, Alvarado, TX 76009
      View Details
    • $375,000

      Commercial Land with Road Frontage

      1.34 acres of commercial land with road frontage.
      210 S Parkway Drive, Alvarado, TX 76009
      View Details
    • $497,500

      Unimproved Land Near Highway 67

      19.17 acres of raw land suitable for various developments.
      6333 E Highway 67, Alvarado, TX 76009
      View Details
    • $3,616,500
      2,022 SF

      Historic Alvarado Ranch with Acreage

      279-acre legacy ranch with a traditional ranch-style home.
      4045 County Road 212, Alvarado, TX 76009
      View Details
    • $650,000
      1,350 SF

      Alvarado Farm/Ranch Opportunity

      11-acre farm/ranch property outside city limits in Alvarado, TX.
      9828 CR 109, Alvarado, TX 76009
      View Details
    • $3,290,000
      13,200 SF

      New Alvarado Apartments with Amenities

      New one-bedroom apartments with modern amenities in a secure setting.
      8092 County Road 604, Alvarado, TX 76009
      View Details
    • $175,000

      1.48 Acres Land with Shop

      1.48 acres with metal shop near I-35W in Alvarado.
      153 Quail Haven Street, Alvarado, TX 76009
      View Details
    • $200,000

      Alvarado Commercial Corner Lot

      Corner lot near downtown Alvarado, suitable for business development.
      100 N Parkway Drive, Alvarado, TX 76009
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 68.37 acres of unrestricted land, utilities available.
    Where is this agricultural land / farmland located?
    The property is located at 68.37 Acres Tbd County Road 108 Alvarado, TX.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: 68.37 UNRESTRICTED acres, AG EXEMPT, ready for various uses.; FULLY FENCED and CROSS FENCED, gated, FRESHLY SHREDDED, and RECENTLY SURVEYED.; Approximately 675 FEET OF ROAD FRONTAGE on FM 1807 with utilities available.
    (888) 519-7431
    We can help!
    Listing Contact
    Sara Eppler
    Real Estate License ID: 0776860
    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
    68.37 Acres,Tbd County Road 108, Alvarado, TX 76009
    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!