Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land Near Highway 429 Title is generated by Realmo AI

    FM RD 429, Terrell, TX 75161

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Terrell, TX

    Lot size:
    5.00 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for FM RD 429

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    198476
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Description
    SAMUEL M PATTON, TRACT 50.08; 5. ACRES
    Tax Annual Amount
    1998

    We can help!

    Listing Contact
    Mirna Contreras

    Listing agent Mirna Contreras License #0717519

    Listing office BlueMark, LLC Sachse, TX

    Listing date Apr 10, 2026

    MLS# 21235110 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

    • 5 acres of unrestricted land
    • Prime location directly off FM 429
    • Utilities available at the main road
    • No HOA
    • Land is unzoned, allowing for flexible use (custom home, barndominium, cattle, etc.)
    • Close to downtown Terrell and minutes from downtown Dallas

    Overview

    This property features 5 acres of unrestricted land situated off Farm to Market Road 429. The unzoned land is suitable for various uses, including building a custom home or barndominium, or for agricultural purposes such as keeping cattle. Utilities are available at the main road. Located close to downtown Terrell, the property is also within minutes of downtown Dallas. To locate the property, use the address 32526 FM 429, Terrell, as a reference point; the listing is approximately 100 down from this address. Upon arriving at 32526 FM 429, turn right onto the dirt road at the red street sign for Mount Carmelo Dr, and drive about 0.5 miles until you see the sign.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.2383
    Latitude
    32.677

    Nearby Similar for Sale

    • $1,100,000

      Flex Space with Drive-Thru

      Flexible commercial building with drive-thru lane and rear overhead door, positioned for high-visibility retail or office use.
      94 N State Highway 205, Terrell, TX 75160
      View Details
    • $3,900,000

      Automotive Dealership with Service Bay

      Renovated, occupied dealership facility with showroom, parts department, offices, and ample parking at a major roadway intersection.
      1608 W Moore Avenue, Terrell, TX 75160
      View Details
    • $2,100,000
      10,560 SF

      Turn-Key Event Venue with Guest Suites

      Fully equipped event venue built for high-capacity gatherings, with dedicated event spaces, catering support, and private upstairs suites.
      7892 Fm Rd 2578, Terrell, TX 75160
      View Details
    • $1,700,000

      Historic Multi-Tenant Office Building

      Built in 1892 and restored, this property offers office suites with original dome and chandeliers in downtown Terrell.
      102 E Moore Avenue, Terrell, TX 75160
      View Details
    • $549,900

      Two-Story Standalone Office Building

      Separate exterior access supports flexible tenancy, with an insulated shop and gated drive adding practical functionality.
      203 N Rockwall Avenue, Terrell, TX 75160
      View Details
    • $850,000

      Vacant Industrial Development Land

      More than 11 acres with substantial SH 205 frontage, offering visibility and development flexibility with city annexation.
      HWY 205, Terrell, TX 75160
      View Details
    • $850,000

      High-Visibility Development Land

      Vacant acreage with substantial highway frontage and city annexation, positioned for commercial, mixed-use, or light industrial redevelopment.
      HWY 205, Terrell, TX 75160
      View Details
    • $725,000

      Live-Work Acreage with Multifunction Improvements

      Outside-city acreage with a substantial residence and outbuildings, offering flexible setups for business, lodging, or owner-operator use.
      12282 Fm 1392, Terrell, TX 75160
      View Details
    • $1,800,000

      Multi-Use Development Land Tract

      A 60-acre, open, level tract with road frontage in Kaufman County for flexible residential, commercial, or mixed-use planning.
      Co Rd 312, Terrell, TX 75161
      View Details
    • $495,000

      Commercial Land with Interstate Access

      A 9-acre tract combining usable land and floodplain, positioned for flexible, low-impact outdoor commercial use.
      FM 429, Terrell, TX 75161
      View Details
    • $5,200,000

      Unrestricted Development Land with Pond

      About 52 acres of unrestricted land with natural ponds and county-road frontage, positioned for residential, commercial, or mixed-use development.
      10350 County Road 305, Terrell, TX 75160
      View Details
    • $250,000

      Prime Corner Lot in Terrell

      0.712-acre corner lot with high-exposure frontage in growing Terrell.
      1008 S Virginia Street, Terrell, TX 75160
      View Details

    FAQs

    What type of property is this?
    Land - Five acres of versatile, unzoned land near downtown Terrell.
    Where is this land located?
    The property is located at FM RD 429 Terrell, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 5 acres of unrestricted land; Prime location directly off FM 429; Utilities available at the main road
    (214) 575-0046
    We can help!
    Listing Contact
    Mirna Contreras
    Real Estate License ID: 0717519
    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

    Thank You for Inquiry
    FM RD 429, Terrell, TX 75161
    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!