Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oakwood Ranch Land For Sale Title is generated by Realmo AI

    Tbd 007 County Road 242, Oakwood, TX 75855

    View on Map
    Claim this Listing
    For Sale
    $139,999

    Ranch - Oakwood, TX

    Type:Ranch
    Lot size:
    10.19 Acres
    Added:
    May 13, 2026
    Days on Market:
    14
    Last Refresh:
    May 26 at 6:06 pm

    Property Features for Tbd 007 County Road 242

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    602541
    Lot size
    10.19 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Lori Garner

    Listing agent Lori Garner License #0631907

    Listing office Ranch Gate Real Estate, LLC 824 A N. US Hwy 171, Mexia, TX

    Listing date May 13, 2026

    MLS# 21269495 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

    • Seller financing available
    • Conveniently located between Houston and Dallas, close to I‑45
    • Co‑op electricity and water available along the road frontage
    • Wildlife AG exemption for lower taxes
    • Beautiful, mature hardwood trees and abundant wildlife
    • Survey already completed

    Overview

    Located in the rolling hills of Leon County, Texas, Oakwood Ranch offers a 10.191-acre tract. The property, designated as Tract 7, features 421 feet of frontage on a private ranch road. Utilities, including co-op electricity and water, are available along the road, suitable for building a cabin, barndominium, or custom home. The land is characterized by mature hardwood trees and local wildlife, including deer. The property has a rectangular shape and is wildlife AG exempt for lower taxes. A survey has already been completed. The ranch is conveniently located near I-45, providing easy access to Buffalo, Palestine, and Centerville, and is situated between Houston and Dallas.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Oakwood
    County
    Leon
    State
    Texas
    Longitude
    -95.8921
    Latitude
    31.5818

    Nearby Similar for Sale

    • $535,000
      1,895 SF

      Oakwood Farmhouse on 7 Acres

      Custom-built home on AG-exempt land near Oakwood, Texas.
      27985 FM 831, Oakwood, TX 75855
      View Details
    • $140,000

      Leon County Ranch Road Frontage

      10+ acre ranch near Buffalo and Palestine, Texas.
      009 County Rd 242, Oakwood, TX 75855
      View Details
    • $139,999

      Oakwood Ranch Land For Sale

      10.48 acre ranch land with utilities in Oakwood, Texas.
      Tbd 004 County Road 242, Oakwood, TX 75855
      View Details
    • $139,999

      Oakwood Ranch Land For Sale

      10.598 acre ranch land with mature trees near I-45.
      Tbd 006 County Road 242, Oakwood, TX 75855
      View Details
    • $181,120

      Oakwood Ranch with Mature Trees

      11.32 acres with pasture, woods, and utilities.
      Tbd CR 381, Oakwood, TX 75855
      View Details
    • $349,500
      1,860 SF

      Farmhouse on 11.51 Acres

      Charming farmhouse on 11.51 acres in Leon County.
      16316 County Road 224, Oakwood, TX 75855
      View Details

    FAQs

    What type of property is this?
    Ranch - 10.191 acre ranch property in Leon County, Texas.
    Where is this ranch located?
    The property is located at Tbd 007 County Road 242 Oakwood, TX.
    What is the asking price?
    The asking price for this property is $139,999.
    What are key features of this property?
    This property features: Seller financing available; Conveniently located between Houston and Dallas, close to I‑45; Co‑op electricity and water available along the road frontage
    (512) 200-5853
    We can help!
    Listing Contact
    Lori Garner
    Real Estate License ID: 0631907
    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

    Thank You for Inquiry
    Tbd 007 County Road 242, Oakwood, TX 75855
    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!