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

    0 An County Road 185 Elkhart, TX 75839

    View on Map
    For Sale
    $340,000

    Undeveloped,Recreational, Acreage,Undeveloped,Recreational - ELKHART, TX

    Lot size:
    40.61 Acres
    Added:
    Oct 6, 2025
    Days on Market:
    177
    Last Refresh:
    Mar 31 at 12:06 pm

    Property Features for 0 An County Road 185

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    None, Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    R18465
    Lot size
    40.61 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    250

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Willie Hibbard
    Willie Hibbard

    Listing agent Willie Hibbard

    Listing office Hibbard Real Estate 301 E Palestine Ave, TX

    Listing date Oct 6, 2025

    MLS# 94128 Listing URL

    Copyright © 2026 Palestine Association 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.

    Overview

    40+ Acre Recreational Land Tract

    This 40.61-acre tract of land features a rolling landscape with potential building sites in a remote and quiet area. The property is suitable for recreational use and hunting. The land has been timbered and recently cleaned up. Water service is not directly in front of the property but is available down the road, allowing for extension, or a well could be installed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Elkhart
    County
    Anderson
    State
    Texas
    Longitude
    -95.528
    Latitude
    31.6239

    Nearby Similar for Sale

    • $999,000
      2,641 SF

      54-Acre Ranch with Custom Home

      Improved pasture, custom home, and shop space near Elkhart.
      500 An County Road 169, ELKHART, TX 75839
      View Details
    • $359,000

      Highway Frontage Acreage in Elkhart

      12.3 acres with highway frontage and city utilities.
      0 N State Highway 19, Elkhart, TX 75839
      View Details
    • $359,000

      Highway Frontage Acreage in Elkhart

      12.3 acres with highway frontage and city utilities.
      0 N State Highway 19, ELKHART, TX 75839
      View Details
    • $695,000
      2,060 SF

      East Texas Ranch Retreat

      47+ acre East Texas property with home and improvements.
      1162 An County Road 179, ELKHART, TX 75839
      View Details
    • $1,110,000
      1,216 SF

      Elkhart Ranch with Timber and Pond

      170-acre ranch featuring diverse landscape, pond, and mobile home.
      825 An County Road 1200, ELKHART, TX 75839
      View Details
    • $645,000

      Secluded Acreage with Creek & Timber

      Private 79+ acre oasis with creek, wells, and timber.
      000 An County Road 100, ELKHART, TX 75839
      View Details
    • $10,900,000

      Exceptional Ranch Suited for Cattle

      1640-acre ranch with abundant water, ideal for commercial cattle.
      7240 E Hwy 294, Elkhart, TX 75839
      View Details
    • $225,000

      Secluded Wooded Acreage in Elkhart, TX

      44-acre wooded tract perfect for homesite or recreational retreat.
      000 An County Road 102, ELKHART, TX 75839
      View Details
    • $185,000

      29 Acres in Slocum ISD

      29 acres in Slocum ISD with road frontage.
      000 FM 2022, ELKHART, TX 75839
      View Details
    • $560,000

      80 Acres Farm Ranch Land

      80 acres in Anderson County, TX, suitable for various uses.
      00 County Rd 117, Elkhart, TX 75839
      View Details
    • $417,450

      Land with Improved Pastures

      36.3 acres of land featuring manicured pastures and a pond.
      1 FM 323, Elkhart, TX 75839
      View Details
    • $265,000
      1,802 SF

      Commercial Property on Highway 287

      Turnkey restaurant opportunity with high visibility on Highway 287.
      412 S US ST Highway 287, ELKHART, TX 75839
      View Details

    FAQs

    What type of property is this?
    Land - Undeveloped 40+ acre land tract, excellent hunting, remote and quiet.
    Where is this land located?
    The property is located at 0 An County Road 185 Elkhart, TX.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Great building sites available on this property.; Enjoy the remote and quiet area.; Excellent hunting opportunities abound.
    (903) 388-9414
    We can help!
    Listing Contact
    Willie Hibbard
    Willie Hibbard
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!