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    Recreational Hunting Tract with Creek Title is generated by Realmo AI

    County Road 2140, Iredell, TX 76649

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    For Sale
    $675,000

    LAND - Iredell, TX

    Lot size:
    53.32 Acres
    Added:
    Mar 28, 2026
    Days on Market:
    73
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for County Road 2140

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Active
    APN
    R37370
    Lot size
    53.32 Acres

    Taxes and HOA fees

    Tax Description
    ABST A0332 HODGE, G
    Tax Annual Amount
    92

    We can help!

    Listing Contact
    Tai Cobb Klam

    Listing agent Tai Cobb Klam License #0594871

    Listing office COBB RANCH PROPERTIES, LLC Cranfills Gap, TX

    Listing date Mar 28, 2026

    MLS# 20295586 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

    • +/-53‑acre tract with an entry point off County Road 2140 and surveyed recently
    • Estimated 120 ft of elevation change with multiple building sites and scenic views
    • Diverse topography with clusters of mature oak trees, a creek, and abundant wildlife
    • Agricultural exempt land
    • Electricity available through United Cooperative (at 2140); buyer will need to drill a water well

    Overview

    For sale is a surveyed recreational tract of approximately 53 acres featuring an estimated 120 feet of elevation change. The property includes a diverse mix of topography, clusters of mature oak trees, and a creek, along with abundant wildlife. It presents multiple options for scenic building sites while offering the privacy and setting typically sought for a personal retreat. The land is currently agricultural exempt.

    Access to the property is available from County Road 2140. Electricity is available through United Cooperative at or near 2140 for accessibility. A buyer will need to drill a water well. The location offers country living with convenient driving access to Iredell and nearby communities.

    This tract is well suited for buyers seeking a hunting property, recreational getaway, or future homesite with natural features and visual variety across the terrain. With its mix of trees, creek, and elevation, the land provides a strong foundation for an off-the-grid style development plan, subject to site and utility requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Iredell
    County
    Bosque
    State
    Texas
    Longitude
    -97.819086
    Latitude
    31.942372

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    FAQs

    What type of property is this?
    Hunting land - A surveyed 53-acre tract with mature oaks, creek, and elevation change, suited for hunting or a future homesite.
    Where is this hunting land located?
    The property is located at County Road 2140 Iredell, TX.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: +/-53‑acre tract with an entry point off County Road 2140 and surveyed recently; Estimated 120 ft of elevation change with multiple building sites and scenic views; Diverse topography with clusters of mature oak trees, a creek, and abundant wildlife
    (254) 253-0157
    We can help!
    Listing Contact
    Tai Cobb Klam
    Real Estate License ID: 0594871
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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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