Sign Up Successful!
You now have access to more from Realmo!
    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 County Rd 1043 Celeste, TX 75423

    Sponsored
    For Sale
    Under Contract
    $87,000

    Unimproved Land - Celeste, TX

    Type:Unimproved Land
    Lot size:
    1.43 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 30 at 3:06 pm

    Property Features for Tbd County Rd 1043

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    24839
    Lot size
    1.43 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Hunt
    Travis Hunt

    Texan Team (903) 222-3478

    Listing agent Travis Hunt (903) 222-3478 License #0746164

    Listing date Jan 26, 2026

    MLS# 21145370 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

    Land with Utilities Ready

    Lot 3 in Pecan Grove offers 1.28 acres with an existing water meter and electric already in place. Located in unincorporated Hunt County, just outside Celeste, this lot is suitable for a custom home, barndominium, manufactured home, tiny home, or investment hold. The property has no HOA or MUD, and includes gentle deed restrictions. Manufactured and tiny homes are permitted, and livestock-friendly land use is allowed. The lot features county road frontage and existing access. Positioned approximately 1.5 miles east of State Highway 69, the property is located minutes north of Greenville and within about 40 minutes of McKinney and McKinney National Airport, plus just over an hour to DFW International Airport. Hunt County platting is approved.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Celeste
    County
    Hunt
    State
    Texas
    Longitude
    -96.16033921
    Latitude
    33.28498873

    Nearby Similar for Sale

    • $575,000
      3,336 SF

      Country Living Ranch with Workshop

      3,336 sq ft home on 15.5 acres with workshop.
      2506 Fm 272, Celeste, TX 75423
      View Details
    • $729,000
      1,794 SF

      Texas Barndominium on 12 Acres

      Unique barndominium on 12 acres in North Texas.
      645 County Road 4875, Celeste, TX 75423
      View Details
    • $750,000
      2,584 SF

      53+ Acres with Two Homes

      AG-exempt land with two homes and development potential.
      7141 County Road 1050, Celeste, TX 75423
      View Details
    • $900,000
      57.98 Acres

      57.9± Acres in Hunt County

      Land with workshop, cottage, utilities, and road frontage near Highway 380.
      County Road 1110, Celeste, TX 75423
      View Details
    • $750,000
      53.00 Acres

      53-Acre Farm with Two Homes

      53-acre farm featuring two homes and a workshop.
      7143 County Road 1050, Celeste, TX 75423
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.28 acre lot with water and electric in place.
    Where is this residential land & home lot located?
    The property is located at Tbd County Rd 1043 Celeste, TX.
    What is the asking price?
    The asking price for this property is $87,000.
    What are key features of this property?
    This property features: - 1.28 acre lot with existing water meter and electric, reducing upfront development costs.; - Located in unincorporated Hunt County with No HOA and No MUD.; - Suitable for custom home, barndominium, manufactured, or tiny home.
    (903) 222-3478
    Request Owner's contact information
    Tbd County Rd 1043 Celeste, TX 75423
    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.
    Tbd County Rd 1043
    Celeste, TX 75423
    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
    Tbd County Rd 1043 Celeste, TX 75423
    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
    Travis Hunt
    Travis Hunt
    Real Estate License ID: 0746164
    (903) 222-3478
    Learn more
    Google sign-in failed. Please try again or use another login method.