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

    Lot 4 County Road 3566 Dike, TX 75437

    View on Map
    For Sale
    $799,000

    Traditional, Farm/Ranch - Dike, TX

    Type:Farm
    Property size:
    3,086 SF
    Lot size:
    41.21 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    23
    Last Refresh:
    Apr 2 at 3:06 am

    Property Features for Lot 4 County Road 3566

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Garage, Heated
    Patio and Porch features
    Patio, Porch
    Interior features
    Decorative Lighting, Double Vanity, Eat-in Kitchen, Kitchen Island
    Exterior features
    Covered Patio/Porch, Rain Gutters, Private Yard, Stable/Barn, Fence
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Oven - Double, Washer
    Standard status
    Active
    APN
    R000026609
    Size
    3,086 SF
    Lot size
    41.21 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating), Zoned (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Janet Martin
    Janet Martin

    Listing agent Janet Martin License #0479952

    Listing office Janet Martin Realty 1325 S Broadway St., Sulphur Springs, TX

    Listing date Mar 11, 2026

    MLS# 20829092 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.

    Overview

    Spacious Home on Ag-Exempt Land

    This property features a brick home with 4 bedrooms and 2.5 bathrooms, encompassing over 3,000 square feet. The home includes two living areas, two dining areas, and a game room. A wraparound front porch provides country views. The interior features a foyer hall, with a formal dining room that could serve as office space. The main living room is filled with natural light and connects to a breakfast area with access to a covered back patio. The kitchen is equipped with an island, double ovens, breakfast bar, cooktop, and walk-in pantry. Adjacent to the family room is an extra-large game room, which could be converted into a fifth bedroom or a mother-in-law suite. There are three guest bedrooms separate from the primary ensuite. The primary bedroom features windows, a jetted soaking tub, separate shower, separate vanities, and a walk-in closet. The property includes a barn for storage of farm equipment or hay, and two ponds for recreation or livestock water. Additional features include a 2-car garage, recessed lights, and crown molding. The property is Ag-exempt and consists of 41.21 acres. The land can be subdivided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dike
    County
    Hopkins
    State
    Texas
    Longitude
    -95.510181
    Latitude
    33.254545

    FAQs

    What type of property is this?
    Farm - Four-bedroom home on 41.21 acres with ponds and barn.
    Where is this farm located?
    The property is located at Lot 4 County Road 3566 Dike, TX.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Ag‑exempt 41.21 acre property with country views, 2 ponds, and a barn; Spacious 4 bedroom, 2.5 bath home with over 3,000 sq ft; Flexible floor plan with 2 living areas, 2 dining areas, and a large game room that can be converted
    (903) 885-1234
    We can help!
    Listing Contact
    Janet Martin
    Janet Martin
    Real Estate License ID: 0479952
    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!