Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2626 Fm 816 Wolfe City, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Acreage with farmland, trees, creek, and ponds in Wolfe City.

    Type:LAND
    Lot size:
    252.19 Acres
    Added:
    Dec 8, 2022
    Days on Market:
    1234
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 2626 Fm 816

    General Information

    Standard status
    Active
    Lot size
    252.19 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Grant Glasco

    Listing agent Grant Glasco License #9000772

    Listing office Glasco Commercial Real Estate

    Listing date Dec 8, 2022

    Source Moodyscre

    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 Glasco Commercial Real Estate

    Overview

    Acreage with Farmland, Trees, and Water

    This acreage features a mixture of farmland, trees, a creek, and ponds. It is a corner property with frontage on FM 816 and County Rd 1016. The property offers accessibility to the expanding S.H. 121 corridor, providing connectivity into the northern developing suburbs of Dallas. Frontage on FM 816 provides accessibility to U.S. 69, S.H. 11, and S.H. 78. The majority of the property is inside of an Opportunity Zone and located purely in the county, with nearly 90% in Hunt County and the remaining northernmost area in Fannin County. An Ag Tax Exemption and Ag Lease are in place. The property is located within the Wolfe City Independent School District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Wolfe City
    County
    Hunt
    State
    Texas
    Longitude
    -96.1404
    Latitude
    33.3653

    Nearby Similar for Sale

    • $250,000

      Wolfe City Church on Corner

      Church on a corner lot near downtown Wolfe City, Texas.
      514 W Main Street, Wolfe City, TX 75496
      View Details
    • $775,000
      1,350 SF

      Secluded Texas Retreat on 29 Acres

      Private retreat with cabins, workshop, greenhouse, and stocked pond.
      2729 County Road 3732, Wolfe City, TX 75496
      View Details
    • $230,000
      2,280 SF

      Income-Producing Duplex on Large Lot

      Duplex on over half an acre near schools and downtown.
      704 S Manson Street, Wolfe City, TX 75496
      View Details
    • $1,795,000
      2,184 SF

      Texas Ranch with Trail Access

      65-acre ranch with custom home and trail access.
      901 County Road 3925, Wolfe City, TX 75496
      View Details
    • $799,000

      77 Acre Texas Equestrian Ranch

      Turnkey equestrian and cattle ranch with productive pastures near Dallas.
      Tbd CO RD 4518, Wolfe City, TX 75496
      View Details
    • $66,000

      Wolfe City Acreage Homesite

      One-acre lot ideal for custom or manufactured home.
      0000 FM 1563, Wolfe City, TX 75496
      View Details
    • $279,990

      Versatile Land Near Greenville, TX

      19.63 acres near Greenville, TX, suitable for multiple uses.
      0000 COUNTY ROAD 4615, Wolfe City, TX 75496
      View Details
    • $280,000

      Wolfe City Commercial Building

      Commercial building in Wolfe City, Texas, near Lake Ralph Hall.
      109 W Main Street, Wolfe City, TX 75496
      View Details
    • $1,795,000

      Improved Land Near Chaparral Rail

      65+ acre property with home, stables, ponds, and fencing.
      901 CR 3925, Wolfe City, TX 75496
      View Details
    • $74,900

      Residential Land in Wolfe City

      1.15 acre lot ready for a dream home.
      Lot 6 FM 1566, Wolfe City, TX 75496
      View Details
    • $225,000

      13.8 Acres Unrestricted Wooded Land

      Unrestricted 13.8 acre wooded land with pond near utilities.
      Hwy 34 Private Road 4521, Wolfe City, TX 75496
      View Details
    • $74,900

      Wolfe City Land For Sale

      Over 1 acre of land ready for your dream home.
      Lot 7 FM 1566, Wolfe City, TX 75496
      View Details

    FAQs

    What type of property is this?
    Land - Acreage with farmland, trees, creek, and ponds in Wolfe City.
    Where is this land located?
    The property is located at 2626 Fm 816 Wolfe City, TX.
    What are key features of this property?
    This property features: Beautiful acreage featuring a mixture of farmland, trees, creek, and ponds.; Highly accessible to the expanding S.H. 121 corridor, connecting to Dallas suburbs.; Corner property with frontage on FM 816 and County Rd 1016.
    (214) 448-0134 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Grant Glasco
    Real Estate License ID: 9000772
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!