Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Productive Land with Multiple Ponds Title is generated by Realmo AI

    Tbd FM 773, Murchison, TX 75778

    View on Map
    Claim this Listing
    For Sale
    $644,000

    Unimproved Land - Murchison, TX

    Type:Unimproved Land
    Property size:
    1,200 SF
    Lot size:
    56.56 Acres
    Price / SF:
    $536/SF
    Added:
    Mar 27, 2026
    Days on Market:
    61
    Last Refresh:
    May 26 at 2:06 pm

    Property Features for Tbd FM 773

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    05200030000010
    Size
    1,200 SF
    Lot size
    56.56 Acres

    Building Details

    Year built
    1993
    Architectural style
    Other

    We can help!

    Listing Contact
    Danae Oglesby

    Listing agent Danae Oglesby License #0680162

    Listing office Stewart & McGee Real Estate 612 Maryland Dr, Athens, TX

    Listing date Mar 27, 2026

    MLS# 21220702 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

    • Ag‑exempt 56.563 acre tract ideal for agricultural operations, livestock, or recreation.

    Overview

    Located just outside of Murchison along FM 773, this 56.563 acre tract is ag-exempt. It features approximately 650 feet of road frontage on a county-maintained Farm-to-Market road. The property is fully fenced and cross-fenced, divided into four paddocks, each with its own pond. The largest pond, located near the front of the property, reaches depths of approximately 15 feet, and all four ponds have been dredged within the last four years. The land supports cattle operations and hay production, with yields of up to 140 bales annually on approximately half the acreage in strong seasons. Improvements include an approximately 1,200 sq ft barn, Bethel-Ash water meter already installed, and electric power in place via TVEC. It is equipped for immediate use or future development. The property is suitable for a working cattle ranch, improved pastureland, hay-producing acreage, recreational land, or a future homesite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Murchison
    County
    Henderson
    State
    Texas
    Longitude
    -95.8011
    Latitude
    32.327

    Nearby Similar for Sale

    • $1,400,000
      1,980 SF

      Murchison Acreage with Custom Home

      119.5 acres with a meticulously designed steel-frame home.
      10769 CR 3519, Murchison, TX 75778
      View Details
    • $2,650,000
      1,776 SF

      East Texas Ranch Retreat

      245+ acre East Texas ranch with lakes and homes.
      7601 CR 3700, Murchison, TX 75778
      View Details
    • $644,000
      9,999 SF

      Productive East Texas Land Parcel

      Ag-exempt 56.56-acre tract near Murchison, TX with utilities.
      FM 773, Murchison, TX 75751
      View Details
    • $1,400,000
      1,980 SF

      Murchison Ranch with Guest House

      119.5-acre ranch featuring a custom home and guest house.
      10769 County Road 3519, Murchison, TX 75778
      View Details
    • $465,000
      1,154 SF

      Murchison Farmhouse on 48+ Acres

      Farmhouse on 48.64 acres with pasture, woods, creek, and pond.
      10142 FM 773, Murchison, TX 75778
      View Details
    • $108,238

      Prime Acreage in Gated Community

      8.659 acres in Echo Creek Country Club, Murchison, TX.
      Tbd Lot 79r LLOYD Drive, Murchison, TX 75778
      View Details
    • $398,500

      Secluded 30-Acre Ranch Land

      30 acres near Murchison, TX, ideal for recreation.
      5356 County Road 3615, Muchison, TX 75778
      View Details
    • $170,000

      Murchison, TX Wooded Land

      13.21-acre wooded property in Murchison, TX, perfect for homesite.
      0 CR 3508, Murchison, TX 75756
      View Details
    • $170,000

      Murchison, TX Wooded Acreage

      13.21 acres of wooded land in Murchison, Texas.
      0 CR 3508, Murchison, TX 75778
      View Details
    • $120,900

      Murchison, TX Land Opportunity

      3.76 acres in gated community with lake access.
      20,21,22 FM 2339, Murchison, TX 75778
      View Details
    • $286,948

      24.95 Acres in Murchison, TX

      24.95 acres in Leagueville Community, Brownsboro ISD, perfect for livestock.
      0000 FM 607 S, Murchison, TX 75778
      View Details
    • $140,000

      Murchison, TX 8-Acre Land Tract

      8-acre tract in Echo Creek Country Club area, Murchison, TX.
      Lee Rd, Murchison, TX 75778
      View Details

    FAQs

    What type of property is this?
    Ranch - 56.56 acre ag-exempt land with ponds and utilities.
    Where is this ranch located?
    The property is located at Tbd FM 773 Murchison, TX.
    What is the asking price?
    The asking price for this property is $644,000.
    What are key features of this property?
    This property features: Ag‑exempt 56.563 acre tract ideal for agricultural operations, livestock, or recreation.
    (903) 675-5207
    We can help!
    Listing Contact
    Danae Oglesby
    Real Estate License ID: 0680162
    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
    Tbd FM 773, Murchison, TX 75778
    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!