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

    Fm 429 Terrell, TX 75161

    View on Map
    Sponsored
    For Sale
    $11,118,400

    Unimproved Land - Terrell, TX

    Type:Unimproved Land
    Lot size:
    347.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 22 at 4:06 pm

    Property Features for Fm 429

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    15086
    Lot size
    347.00 Acres

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Scoggins

    Allie Beth Allman and Associates

    Listing agent John Scoggins License #0632067

    Listing date Mar 19, 2026

    MLS# 21213576 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

    Property Insight Report

    Overview

    347 Acres in Terrell, Texas

    This 347-acre property in Terrell, Texas, features a rare 38-acre lake with elevation, offering potential future development sites. The lake's rocky bottom contributes to naturally clear water, creating ideal conditions for swimming and fishing. The land, located approximately 45 minutes from Dallas, was formerly a rock and sand operation, presenting opportunities for future income or the creation of new lakes. The property includes a diverse array of mature trees, such as Black Hickory, Blackjack Oak, Cedar Elm, Mexican Plum, Pecan, Bur Oak, and Post Oak. The sandy loam soil is suitable for ranchers to produce pasturelands for livestock grazing. The property is prime for development opportunities with dirt to build up multiple construction sites as desired and has a wildlife exemption.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.103939
    Latitude
    32.824044

    Nearby Similar for Sale

    • $549,900
      0.17 Acres

      Downtown Terrell Commercial Building For Sale

      Two-story commercial building in downtown Terrell with multiple potential uses.
      203 N Rockwall Ave, Terrell, TX 75160
      View Details
    • $2,100,000
      6,800 SF

      Versatile Commercial Property on 3+ Acres

      Commercial property with highway frontage, ideal for various business opportunities.
      15377 N State Highway 34, Terrell, TX 75161
      View Details
    • $1,700,000
      0.14 Acres

      Historic Terrell Office Building

      Iconic, restored multi-tenant office building in historic downtown Terrell.
      102 E Moore Ave, Terrell, TX 75160
      View Details
    • $625,000
      1,792 SF

      Modern Farmhouse on 11 Acres

      Secluded, move-in ready farmhouse with land in Able Springs, TX.
      9292 County Road 346, Terrell, TX 75161
      View Details
    • $995,000
      2,261 SF

      30-Acre Ranch with Workshop

      Updated ranch home with workshop near Terrell, Texas.
      12586 County Road 351, Terrell, TX 75161
      View Details
    • $3,900,000
      3.08 Acres

      Terrell Retail/Distribution Opportunity Zone Property

      Dealership/distribution/retail property in Terrell, TX, located in Opportunity Zone.
      1608 W Moore Ave, Terrell, TX 75160
      View Details
    • $624,999
      4,699 SF

      Historic Downtown Restaurant Building

      Second-generation restaurant in Terrell, TX with parking.
      419 E Moore Ave, Terrell, TX 75160
      View Details
    • $299,900
      0.24 Acres

      Terrell Duplex: Investment Opportunity

      Full duplex near Terrell's heart, ideal for owner or investor.
      1104 E High St, Terrell, TX 75160
      View Details
    • $290,000
      0.15 Acres

      Terrell Triplex with Long-Term Tenants

      Two-story residential property configured as three units with long-term tenants.
      507 W Nash St, Terrell, TX 75160
      View Details
    • $4,446,720
      1.07 Acres

      Retail Building in Growing Terrell

      NNN leased retail property near major retail destination and mixed-use development.
      214 Market Ctr Dr, Terrell, TX 75160
      View Details
    • $1,600,000
      1.77 Acres

      Terrell, TX Bowling Alley Landmark

      Meticulously maintained bowling alley with highway frontage in Terrell, TX.
      2500 W Moore Ave, Terrell, TX 75160
      View Details
    • $4,446,720
      1.07 Acres

      Retail Property in Terrell, Texas

      Retail property with a 6.25% cap rate in Terrell, TX.
      214 Market Ctr Dr, Terrell, TX 75160
      View Details

    FAQs

    What type of property is this?
    Recreation land - 347 acres of land prime for development opportunities.
    Where is this recreation land located?
    The property is located at Fm 429 Terrell, TX.
    What is the asking price?
    The asking price for this property is $11,118,400.
    What are key features of this property?
    This property features: - Rare 38-acre lake with naturally clear water ideal for swimming and fishing.; - Wildlife Exemption in place.; - Prime for development with elevation and ample dirt for multiple construction sites.
    (214) 521-7355
    Request Owner's contact information
    Fm 429 Terrell, TX 75161
    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.
    Fm 429
    Terrell, TX 75161
    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
    Fm 429 Terrell, TX 75161
    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
    John Scoggins
    Real Estate License ID: 0632067
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!