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

    5 Fm 2989 Rd Huntsville, TX 77320

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,121,800

    Land with development and recreational potential, accessible via FM 2989.

    Lot size:
    516.00 Acres

    Property Features for 5 Fm 2989 Rd

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Active
    Lot size
    516.00 Acres

    We can help!

    Listing Contact
    Andy Flack
    Andy Flack
    Source: Elliman

    Listing Agency: HomeLand Properties, Inc Listing Agent: Andy Flack

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

    Learn more

    Overview

    Huntsville Land with Development Potential

    This property offers development and recreational potential. The land features rolling topography with varying ages of southern pine trees and hardwoods in creek drains. The site exhibits good drainage and is high and dry. It benefits from good access and frontage on FM 2989, accessible via Interstate 45 or FM 247. Electricity is available along FM 2989. The property is located 1 to 1.5 hours north of Houston, Texas.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Huntsville
    County
    Walker
    State
    Texas
    Longitude
    -95.765249
    Latitude
    30.870866

    Nearby Similar for Sale

    • $695,000

      Huntsville Office Building For Sale

      3,525 SF office building on 0.41 acres in Huntsville, TX.
      2402 Sam Houston Ave, Huntsville, TX 77340
      View Details
    • $325,000

      Huntsville Multifamily Investment Opportunity

      Multifamily property near Sam Houston State University, ideal for investors.
      31 Jackson Rd, Huntsville, TX 77320
      View Details
    • $3,200,000

      Equestrian Property Near New Waverly

      110-acre equestrian property with barns and ample space.
      1954 E Fm 1375 Rd E, Huntsville, TX 77340
      View Details
    • $5,200,000

      Luxury Estate with Equestrian Facilities

      123-acre estate featuring a luxury home and equestrian barn.
      460 Bishop Rd, Huntsville, TX 77320
      View Details
    • $1,399,900

      Huntsville Estate with Pastures and Ponds

      35-acre estate featuring a custom home with pastures and ponds.
      2 Highland Dr, Huntsville, TX 77320
      View Details
    • $5,648,499

      Huntsville Ranch with Private Lake

      93.84-acre working ranch featuring a 5,965 sq. ft. home.
      377 Fm 3179 Rd, Huntsville, TX 77340
      View Details
    • $1,150,000

      Huntsville Property with Disc Golf

      Unique property featuring a disc golf course and ranch-style home.
      450 Four Notch Rd, Huntsville, TX 77340
      View Details
    • $1,499,000
      825 SF

      Huntsville Multi-Use Property Near Forest

      17-acre property near Sam Houston National Forest, ideal for retreats.
      215 Fm 2929 Rd, Huntsville, TX 77340
      View Details
    • $730,000

      Huntsville Equestrian Property with Barn

      Custom home on acreage with barn, tack room, and RV parking.
      24 Oak Creek Dr, Huntsville, TX 77340
      View Details
    • $385,000

      Secluded Home with Acreage

      Custom-built home on 5 acres with mature trees.
      313 Jenkins Rd, Huntsville, TX 77320
      View Details
    • $671,860
      Pending

      Unrestricted Land Near National Forest

      Land with cabin near Sam Houston National Forest.
      00 Fm 1374 Rd, Huntsville, TX 77340
      View Details
    • $730,000
      Pending

      Huntsville Retreat on Ten Acres

      Unique property with home, office, pond, and garden.
      83 Chandler Rd, Huntsville, TX 77320
      View Details

    FAQs

    What type of property is this?
    Ranch - Land with development and recreational potential, accessible via FM 2989.
    Where is this ranch located?
    The property is located at 5 Fm 2989 Rd Huntsville, TX.
    What is the asking price?
    The asking price for this property is $3,121,800.
    What are key features of this property?
    This property features: - Development and/or recreational potential.; - Good access and frontage on FM 2989.; - Rolling topography with varying ages of southern pine trees and hardwoods.
    (936) 295-2500
    Request Owner's contact information
    5 Fm 2989 Rd Huntsville, TX 77320
    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.
    5 Fm 2989 Rd
    Huntsville, TX 77320
    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
    5 Fm 2989 Rd Huntsville, TX 77320
    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

    We can help!
    Listing Contact
    Andy Flack
    Andy Flack
    Real Estate License ID: 0344465
    (936) 295-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!