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 Cr 4841 Leonard, TX 75542

    Sponsored
    For Sale
    $699,000

    Unimproved Land - Leonard, TX

    Type:Unimproved Land
    Lot size:
    42.80 Acres
    Days on Market:
    19
    Last Refresh:
    Mar 2 at 2:06 am

    Property Features for Tbd Cr 4841

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    76901
    Lot size
    42.80 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Glen Killian

    CMT Realty (817) 228-0543

    Listing agent Glen Killian (972) 333-6178 License #0672478

    Listing date Feb 12, 2026

    MLS# 20992145 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

    Leonard, TX Agricultural Land

    This property features 42.8 acres of AG Exempt land located just outside of Leonard, Texas. The land is suitable for building a ranch or homestead, or for developing multiple large home sites. The property includes rolling pasture land with a seasonal creek towards the back. It is fenced on all sides and features an approximately half-acre stock tank, making it suitable for cattle or homesteading. Overhead electric runs across the front of the property. The location offers a quiet and secluded environment with close access to Highway 78 and is minutes from downtown Leonard. Potential uses include investment, development, running cattle, recreational getaway, or country living. There is some flood plain towards the rear of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Leonard
    County
    Fannin
    State
    Texas
    Longitude
    -96.186036
    Latitude
    33.40298506

    Nearby Similar for Sale

    • New
      $190,000
      0.08 Acres

      Historic Retail Building in Leonard

      Antique building on historic square, ideal for retail.
      114 W Collin St, Leonard, TX 75452
      View Details
    • $999,900
      32.04 Acres

      32 Acres with No Restrictions

      32 acres featuring a 2-bedroom home, barn, and ponds.
      2 County Road 4725, Leonard, TX 75452
      View Details
    • $889,000
      66.80 Acres

      Leonard, TX Ranch Property

      Picturesque 66.8-acre ranch with mature trees and reservoir frontage.
      Tbd County Rd 1135, Leonard, TX 75452
      View Details
    • $999,900
      32.04 Acres

      32 Acres in Leonard, TX

      32 acres with a 2-bedroom home and large barn.
      County Road 4725, Leonard, TX 75452
      View Details
    • $3,000,000
      31.27 Acres

      Turnkey Event Venue on 32 Acres

      Elegant event venue with living space on 32 acres.
      5262 Fm 896, Leonard, TX 75490
      View Details
    • $855,500
      15.93 Acres

      Land with Home and Barns

      15.93 acres with home, stalls, and barns in Leonard.
      1101 S State Highway 78, Leonard, TX 75452
      View Details
    • $655,500
      14.00 Acres

      Land with Homes and Barns

      29.93 acres with two homes, stalls, and barns.
      1103 S State Highway 78, Leonard, TX 75452
      View Details
    • Contact for pricing

      Established Restaurant in Leonard, Texas

      Thriving restaurant business and property for sale in Leonard, Texas.
      701 N Crossroads, Leonard, TX 75452
      View Details
    • Contact for pricing

      32 Acre Ranch with Home

      32-acre ranch featuring a comfortable 2-bedroom home and barn.
      County Road 4725, Leonard, TX 75452
      View Details
    • Contact for pricing

      Leonard, TX Agricultural Property

      Agricultural property available in Leonard, Texas.
      1500 Fm 68, Leonard, TX 75452
      View Details
    • Contact for pricing

      Leonard, Texas Agricultural Property

      Agricultural property available in Leonard, Texas.
      1284 County Road 4940, Leonard, TX 75452
      View Details
    • $885,000
      2,400 SF

      Leonard TX Ranch with Barndominium

      Ranch property featuring a barndominium on over 12 acres.
      1050 County Road 5025, Leonard, TX 75452
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 42.8 acres of AG Exempt land near Leonard, TX.
    Where is this agricultural land located?
    The property is located at Tbd Cr 4841 Leonard, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - 42.8 AG Exempt acres ideal for ranching, homesteading, or development.; - Fenced on all sides with a stock tank, perfect for cattle or homesteading.; - Rolling pasture land with a seasonal creek.
    (972) 333-6178
    Request Owner's contact information
    Tbd Cr 4841 Leonard, TX 75542
    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 Cr 4841
    Leonard, TX 75542
    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 Cr 4841 Leonard, TX 75542
    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
    Glen Killian
    Real Estate License ID: 0672478
    (972) 333-6178 (817) 795-2500
    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!