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

    Tbd 2 FM 2488 Rio Vista, TX 76093

    View on Map
    New
    For Sale
    $230,000

    Unimproved Land - Rio Vista, TX

    Type:Unimproved Land
    Lot size:
    10.02 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for Tbd 2 FM 2488

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    120651
    Lot size
    10.02 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Troy Lucus

    Listing agent Troy Lucus License #0630669

    Listing office All City Real Estate Ltd. Co. 10222 Pecan Park Blvd, Ste.10, Grapevine, TX

    Listing date Mar 31, 2026

    MLS# 21182402 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

    Rio Vista Land For Sale

    This property features 10.02 acres of unimproved land, currently utilized as a hay field. The site offers views of the surrounding countryside and is located in Rio Vista, Texas. The property is located in Hill County, with the postal code 76093. The land is suitable for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Rio Vista
    County
    Johnson
    State
    Texas
    Longitude
    -97.348374
    Latitude
    32.1954

    Nearby Similar for Sale

    • $309,900

      Corner Lot with Drive-Through Shop

      5.01 acres with shop, ideal for storage or workshop.
      1065 Augustus Court, Rio Vista, TX 76093
      View Details
    • $29,900

      Cleared Land Near Brazos River

      Cleared lot near Brazos River, ready for your dream home.
      4923 Shining Star Trail, Rio Vista, TX 76093
      View Details
    • $160,000

      4 Acres with Pond in Rio Vista

      4-acre property with pond, utilities, and mobile home near town.
      1161 Davis Court, Rio Vista, TX 76093
      View Details
    • $144,900

      Land in The Ranches

      5.05 acre homesite in Rio Vista, TX.
      1020 Eagle Ridge Drive, Rio Vista, TX 76093
      View Details
    • $1,200,000

      40 Acres of Pastureland in Rio Vista

      40 acres with pond, barns, and fencing ideal for development.
      500 County Road 1105, Rio Vista, TX 76093
      View Details
    • $25,000

      Heavily Treed Lot Near Brazos

      Wooded lot near Brazos River, perfect for nature lovers.
      4900 Shining Star Trail, Rio Vista, TX 76093
      View Details
    • $877,500

      Expansive Land in Rio Vista, TX

      37-acre tract with mature trees in quiet countryside of Rio Vista.
      3506 County Road 1106, Rio Vista, TX 76093
      View Details
    • $60,000

      Unimproved Land in Rio Vista

      Unimproved land available in Rio Vista, Texas.
      405 Barton Street, Rio Vista, TX 76093
      View Details
    • $76,597

      Residential Land in Rio Vista, TX

      New residential community with spacious homesites in Rio Vista, Texas.
      617 Sendero Trail, Rio Vista, TX 76093
      View Details
    • $230,000

      Rio Vista Land with Views

      10 acre home building site with stunning views.
      Tbd 3 FM 2488, Rio Vista, TX 76093
      View Details
    • $77,417

      Residential Land in Rio Vista, TX

      New residential community with spacious homesites in Rio Vista, Texas.
      605 Carril Lane, Rio Vista, TX 76093
      View Details
    • $72,962

      Residential Land in Rio Vista

      New residential community with spacious homesites in Rio Vista, Texas.
      224 Avenida Avenue, Rio Vista, TX 76093
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10 acre unimproved land with stunning views in Rio Vista.
    Where is this agricultural land / farmland located?
    The property is located at Tbd 2 FM 2488 Rio Vista, TX.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: 10‑acre property ideal for building a home.; Stunning views of the countryside.; Currently a hay field, offering potential for agricultural use or landscaping.
    (866) 277-6005
    We can help!
    Listing Contact
    Troy Lucus
    Real Estate License ID: 0630669
    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!