Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    47-Acre Agricultural Estate with Pond Title is generated by Realmo AI

    10398 Fm 429, Kaufman, TX 75142

    View on Map
    Claim this Listing
    New
    For Sale
    $1,295,000

    Sprawling farmland with pond and extensive FM frontage, plus an on-site home and barn, offered as-is for development use.

    Type:Farm & Ranch
    Lot size:
    47.26 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 1:57 am

    Property Features for 10398 Fm 429

    General Information

    Standard status
    Active
    Lot size
    47.26 Acres
    Property subtype
    Farm & Ranch

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Beth Gaskill
    Beth Gaskill

    Listing agent Beth Gaskill License #0558780

    Listing office Keller Williams Realty-FM

    Listing date Jun 3, 2026

    Source Signaturere

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-FM

    HighLights

    • 47.26‑acre property with a peaceful pond setting and treed views
    • Over 870 feet of FM 429 frontage on a large tract outside city limits
    • Wildlife AG exemption currently in place
    • Existing home and barn on‑site; listed as the only structures safe to enter (sold as‑is)
    • Multiple additional buildings on the property are present but described as unusable with little to no contributory value
    • No HOA; property is private—showings must be scheduled with the listing agent and access is limited

    Overview

    The property is a 47.26-acre agricultural tract with a pond setting, treed views, and grapevines along the fencing. An existing home and barn are present and are currently considered the only structures safe to enter, while several additional buildings remain but are described as unusable with little to no contributory value. The land is offered as-is, and buyers are urged to use caution when walking the property.

    Located outside city limits in Kaufman County with no HOA, the site has more than 870 feet of FM 429 frontage. Public remarks cite proximity to Texas Zoofari Park (less than 1 mile) and Canton Trade Days (about 22 miles). The property is noted as having a current wildlife AG exemption.

    This holding may fit buyers seeking a private agricultural estate with on-site improvements for a homestead or equestrian-style use, or those looking for a destination-style property concept on a larger, naturally scenic parcel. Showings require advance scheduling with the listing agent, and signs will be posted on main buildings that are not accessible.
    Location Intelligence

    Current Use by Public Records

    Vineyards

    Suggested Use

    Building Supply Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kaufman
    County
    Kaufman
    State
    Texas
    Longitude
    -96.150089
    Latitude
    32.629402

    Nearby Similar for Sale

    • $250,000

      Downtown Two-Story Office Building

      Historic two-story building with multiple offices, dedicated parking, and strong visibility at a hard-corner location.
      505 S Washington Street, Kaufman, TX 75142
      View Details
    • $1,799,900
      9,832 SF

      Turnkey Day Care Campus

      Fully operational daycare in separate, equipped buildings with an income-focused setup and turnkey continuity.
      9555 County Road 155, Kaufman, TX 75142
      View Details
    • $675,000

      Kaufman, TX 10-Acre Land Tract

      10 acres with highway frontage in growing Kaufman County.
      5915 E Hwy 175, Kaufman, TX 75142
      View Details
    • $650,000

      Unrestricted Acreage with Highway Frontage

      A rare tract outside city limits with direct highway frontage and flexible development options for commercial, industrial, or investment uses.
      State Highway 243, Kaufman, TX 75142
      View Details
    • $650,000

      Unrestricted Acreage with Highway Frontage

      Unrestricted land just outside city limits with direct highway exposure and flexible development potential for a wide range of uses.
      State Hwy 243, Kaufman, TX 75142
      View Details
    • $249,000

      Investor-Ready Side-by-Side Duplex

      Side-by-side duplex with rent-ready 2BR/1BA units and potential for exterior cosmetic upgrades.
      400 N Jefferson Street, Kaufman, TX 75142
      View Details
    • $189,000

      Unzoned Vacant Commercial Land

      Versatile unzoned tract in Kaufman with easy access to major roads and plenty of flexibility for multiple development concepts.
      Hwy 175, Kaufman, TX 75142
      View Details
    • $381,803

      Industrial Land in Business Park

      Planned industrial community with city utilities and 3-phase power, suitable for a range of light commercial and industrial uses.
      Commerce Way Lot 15A, Kaufman, TX 75142
      View Details
    • $3,750,000

      Gated Commercial Land with Pond

      Gated, no-flood-plain acreage with pond, trees, and road frontage, plus a concrete storage building for flexible development.
      Hwy 243, Kaufman, TX 75142
      View Details
    • $499,000

      Contiguous Commercial Land Lots

      Three equal lots offer flexible, level commercial development potential with strong visibility and convenient access to major thoroughfares.
      501 E Mulberry Street, Kaufman, TX 75142
      View Details
    • $2,295,000

      Development Land with Existing Dwellings

      Versatile tract with an existing residence and barndominium, offering flexibility for development, income, or interim use.
      9562 County Road 147, Kaufman, TX 75142
      View Details
    • $899,900

      Commercial Corner Lot Opportunity

      Corner lot zoned commercial, well-suited for a business site or shopping center pending city approval.
      Tx-34 & Washington, Kaufman, TX 75142
      View Details

    FAQs

    What type of property is this?
    Vineyard - Sprawling farmland with pond and extensive FM frontage, plus an on-site home and barn, offered as-is for development use.
    Where is this vineyard located?
    The property is located at 10398 Fm 429 Kaufman, TX.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: 47.26‑acre property with a peaceful pond setting and treed views; Over 870 feet of FM 429 frontage on a large tract outside city limits; Wildlife AG exemption currently in place
    (469) 951-7493
    We can help!
    Listing Contact
    Beth Gaskill
    Beth Gaskill
    Real Estate License ID: 0558780
    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
    10398 Fm 429, Kaufman, TX 75142
    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!