Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    FM Road Frontage Farmland Title is generated by Realmo AI

    00203 FM 2675, Enloe, TX 75432

    View on Map
    Claim this Listing
    For Sale
    $173,060

    LAND - Enloe, TX

    Lot size:
    20.36 Acres
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 00203 FM 2675

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1544
    Lot size
    20.36 Acres

    We can help!

    Listing Contact
    Chris Franklin

    Listing agent Chris Franklin License #0793609

    Listing office Heritage Land Company, LLC Pecan Gap, TX

    Listing date May 29, 2026

    MLS# 21284564 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

    • Prime Delta County farm ground with strong agricultural fundamentals and future growth potential.
    • Established lease provides immediate income.
    • Valuable FM road frontage offers easy access and enhanced visibility.
    • Fertile soil supports continued farming operations.
    • Conveniently located near East Texas A&M University, benefiting from expanding regional demand.
    • Durable land hold in a steady growing region.

    Overview

    This listing offers productive farmland with fertile soil suited for continued agricultural operations. The tract includes an established lease in place, providing immediate income while preserving the option for long-term land holding. With agricultural fundamentals and room for future growth in a steady region, the property is positioned for investors seeking durable farmland exposure.

    The land features FM road frontage, supporting straightforward access and enhanced visibility for day-to-day operations. It is located in Delta County, near East Texas A&M University, which can help support regional demand and continued interest in accessible, usable farm ground.

    For buyers considering farmland as an investment, this property combines income now with the underlying value of productive acreage. Operators looking for land with an established lease may find the setup convenient, while investors can view it as a steady, long-term asset with practical access for routine management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Enloe
    County
    Delta
    State
    Texas
    Longitude
    -95.6873283
    Latitude
    33.4485647

    Nearby Similar for Sale

    • $112,500

      Productive Farmland with Homesite

      Well maintained productive farm ground with strong production history and an ideal homesite option in Enloe, TX.
      1500 FM 198, Enloe, TX 75432
      View Details
    • $135,000

      Multi-Side Frontage Recreational Land

      A 17+ acre tract with utilities on-site, pond, and two-sided road frontage for flexible residential or agricultural use.
      2353 County Road 4225, Enloe, TX 75441
      View Details
    • $170,000

      Recreational Farmland with Timber

      Versatile tract with cultivated crop ground and native timber, ideal for hobby farming or portfolio growth.
      1300 FM 2675, Enloe, TX 75432
      View Details
    • $112,500

      Productive Farmland Tract

      Fertile farm ground suited for crop production, future pasture conversion, or a rural homesite with utilities along frontage.
      015 FM 198, Enloe, TX 75441
      View Details
    • $112,500

      Productive Farmland Investment Tract

      15-acre tract planted in corn with fertile, level ground and FM road frontage for farming income or future homesites.
      150001 FM 198, Enloe, TX 75441
      View Details
    • $292,530

      Productive Northeast Texas Farmland

      Quality soil and existing farmland character support continued agricultural use or a future home site.
      0041 FM 198, Enloe, TX 75441
      View Details

    FAQs

    What type of property is this?
    Farm - Productive Delta County farm ground with FM road frontage and an established lease for immediate income potential.
    Where is this farm located?
    The property is located at 00203 FM 2675 Enloe, TX.
    What is the asking price?
    The asking price for this property is $173,060.
    What are key features of this property?
    This property features: Prime Delta County farm ground with strong agricultural fundamentals and future growth potential.; Established lease provides immediate income.; **Valuable FM road frontage offers easy access and enhanced visibility.**
    (903) 922-1283
    We can help!
    Listing Contact
    Chris Franklin
    Real Estate License ID: 0793609
    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
    00203 FM 2675, Enloe, TX 75432
    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!