Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28 Acres Near Lake Champion Title is generated by Realmo AI

    02 FM 2319, Colorado City, TX 79512

    View on Map
    Claim this Listing
    For Sale
    $154,605

    LAND - Colorado City, TX

    Lot size:
    28.11 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    66
    Last Refresh:
    May 16 at 9:06 pm

    Property Features for 02 FM 2319

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Barbed Wire
    Standard status
    Active
    Lot size
    28.11 Acres

    Taxes and HOA fees

    Tax Description
    TBD- ABST 465 BLK 26 T&P SEC 75 OUT N/2 18.695 ACRES. Please contact listing agent for correct legal description.
    Tax Annual Amount
    21

    We can help!

    Listing Contact
    Ashley Wulfjen
    Ashley Wulfjen

    Listing agent Ashley Wulfjen License #0733291

    Listing office Hunter Ranch & Realty 101 Locust Street, Sweetwater, TX

    Listing date Mar 12, 2026

    MLS# 50093527 Listing URL

    Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 28.11 Acres with North Champion Creek Access
    • Ideal Homesite for Barndominium
    • New Metal Entry Gate and Bladed Roads
    • Scenic Views and Grove of Hackberry Trees
    • Located 5 Miles from Lake Champion/Fisher Park
    • Abundant Wildlife and Spring Wildflowers

    Overview

    This 28.11-acre property is located in Mitchell County and features access to North Champion Creek and scenic views. The land includes a grove of hackberry trees, offering a potential homesite for a barndominium. A new metal entry gate and bladed roads provide easy access throughout the property. Situated approximately 5 miles from Fisher Park at Lake Champion, the location allows for fishing and recreational activities. The property is home to abundant wildlife, spring wildflowers, and is within the Monarch butterfly migration flyway, presenting an opportunity for a country retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado City
    County
    Mitchell
    State
    Texas
    Longitude
    -100.857
    Latitude
    32.4169

    Nearby Similar for Sale

    • $195,000
      2,730 SF

      Renovated Commercial Property in Colorado

      Updated commercial property in downtown Colorado City, TX for sale.
      123 W 2nd St, Colorado City, TX 79512
      View Details
    • $299,000
      8,367 SF

      Unique Colorado City Residence/Business Opportunity

      Spacious property with potential for residential or commercial use.
      444 Chestnut, Colorado City, TX 79512
      View Details
    • $149,900
      3,252 SF

      Former Pizza Hut on 0.428 Acres

      Versatile 3252 sq ft building on 0.428 acres.
      2215 Hickory St, Colorado City, TX 79512
      View Details
    • $297,500
      222,243 SF

      Lakefront Multi-Use Income Property

      5-acre property with RV hookups and homes near Colorado City Lake.
      3000 LCR 252, Colorado City, TX 79512
      View Details
    • $385,000
      10,250 SF

      COMMERCIAL - Colorado City, TX

      2305 N State Highway 208, Colorado City, TX 79512
      View Details
    • $15,000

      Colorado City Land For Sale

      0.96 acre commercial land available in Colorado City, Texas.
      402 W 8th St, Colorado City, TX 79512
      View Details
    • $1,500,000

      Colorado City Industrial Land

      23.96 acre commercial land for sale in Colorado City.
      2182 S State Highway 208, Colorado City, TX 79512
      View Details
    • $154,605

      28.11 Acres in Colorado City

      Land with rock bluffs, water well, and creek access.
      01 FM 2319, Colorado City, TX 79512
      View Details
    • $35,000

      Lake Colorado City Land Parcel

      0.41-acre land parcel near Lake Colorado City, Texas.
      0123 Laguna Dr, Colorado City Lake, TX 79512
      View Details
    • $35,000

      RV Ready Income Property

      Income-producing RV property with three functional sites and utilities.
      2353 LCR 252, Colorado City, TX 79512
      View Details
    • $320,600

      160 Acres of Farmland

      160-acre dryland cultivation in northwest Mitchell County, Texas.
      County Rd 216, Colorado City, TX 79512
      View Details
    • $12,500

      Land in Colorado City, TX

      Commercial land available for sale in Colorado City, TX.
      Cherry St, Colorado City, TX 79512
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 28.11 acres with creek access near Lake Champion.
    Where is this agricultural land / farmland located?
    The property is located at 02 FM 2319 Colorado City, TX.
    What is the asking price?
    The asking price for this property is $154,605.
    What are key features of this property?
    This property features: 28.11 Acres with North Champion Creek Access; Ideal Homesite for Barndominium; New Metal Entry Gate and Bladed Roads
    (817) 648-3637
    We can help!
    Listing Contact
    Ashley Wulfjen
    Ashley Wulfjen
    Real Estate License ID: 0733291
    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
    02 FM 2319, Colorado City, TX 79512
    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!