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

    2138 County Road 2138 Kemp, TX 75143

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $327,000

    19.22 acres of pasture land in Kemp, Texas.

    Lot size:
    19.22 Acres

    Property Features for 2138 County Road 2138

    General Information

    Standard status
    Active
    Lot size
    19.22 Acres
    Exterior features
    Pond

    We can help!

    Listing Contact
    Lisa Rhodes
    Source: Kw

    Listing Agency: Plano Listing Agent: Lisa Rhodes

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

    Learn more

    Overview

    East Texas Pasture Land

    This 19.22-acre tract of East Texas pasture land is located on CR 2138 in Kemp, Texas. The property features a mix of open grazing pasture and mature hardwoods. A pond is situated among the trees, providing a water source for livestock and attracting wildlife. The gently rolling terrain offers potential homesites overlooking the water and tree line. Open pasture areas are suitable for cattle, horses, hay production, or future improvements. The mix of cleared land and wooded borders creates a country setting while still maintaining usable acreage. Located minutes from Kemp and a short drive to Cedar Creek Lake, this property offers rural tranquility and convenient access to town. The property has no city taxes. It is suitable for building, running livestock, or land investment.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Big Box & Wholesale Store Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.262487
    Latitude
    32.283735

    Nearby Similar for Sale

    • New
      $550,000
      0.12 Acres

      Kemp, TX Retail Opportunity

      Well-maintained, renovated commercial property in the heart of Kemp, Texas.
      218 S Main St, Kemp, TX 75143
      View Details
    • $299,000
      4,125 SF

      Kemp, TX Adaptive Reuse Opportunity

      4,125 SF building on 1 acre, formerly a church.
      1215 W Cedar Creek Pkwy, Kemp, TX 75075
      View Details
    • $999,000
      7,200 SF

      Versatile Commercial Building Near Cedar Creek

      Highway 175 commercial building with office and warehouse space.
      15821 E Us Hwy 175, Kemp, TX 75143
      View Details
    • New
      $299,000
      4,125 SF

      Kemp, TX Adaptive Reuse Opportunity

      4,125 SF building on 1 acre near Seven Points.
      1215 W Cedar Creek Pkwy, Kemp, TX 75143
      View Details
    • $638,500
      1,622 SF

      Pastoral Ranch Near Cedar Creek

      49+ acre ranch near Dallas with home and shop.
      18025 County Road 4052, Kemp, TX 75143
      View Details
    • $989,000
      3,786 SF

      Texas Ranch with Modern Farmhouse

      Updated farmhouse on 25 acres near Dallas and Canton.
      6880 County Road 4042, Kemp, TX 75143
      View Details
    • $1,999,999
      6.00 Acres

      Versatile Commercial Property on US-175

      Commercial office and industrial opportunity with frontage on US 175.
      9474 Us-175, Kemp, TX 75143
      View Details
    • $1,799,999
      5.00 Acres

      Versatile Commercial Property on US-175

      Commercial office and industrial property with high visibility and versatile functionality.
      9474 Us-175, Kemp, TX 75143
      View Details
    • $975,000
      1,918 SF

      Kemp Farm and Ranch Acreage

      68+ acre farm and ranch property with multiple ponds.
      9830 County Road 4028, Kemp, TX 75143
      View Details
    • $2,200,000
      1.00 Acre

      Premium Office Building on Highway

      Professional office building in Mabank, TX, near Cedar Creek Lake.
      15821 Highway 175, Kemp, TX 75143
      View Details
    • $1,385,000
      3,786 SF

      Texas Ranch with Modern Farmhouse

      Updated farmhouse on 53+ acres near Dallas and Canton.
      6880 County Road 4042, Kemp, TX 75143
      View Details
    • $350,000
      Pending

      Kemp, TX Acreage with Residence

      Two-story home with apartment and workshop on 10 acres.
      13507 Plain Ln, Kemp, TX 75143
      View Details

    FAQs

    What type of property is this?
    Farm - 19.22 acres of pasture land in Kemp, Texas.
    Where is this farm located?
    The property is located at 2138 County Road 2138 Kemp, TX.
    What is the asking price?
    The asking price for this property is $327,000.
    What are key features of this property?
    This property features: - 19.22 acres of East Texas pasture land with mature hardwoods.; - Picturesque pond providing a water source and attracting wildlife.; - Multiple potential homesites offer views of the pond and trees.
    (903) 292-8515
    Request Owner's contact information
    2138 County Road 2138 Kemp, TX 75143
    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.
    2138 County Road 2138
    Kemp, TX 75143
    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
    2138 County Road 2138 Kemp, TX 75143
    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
    Lisa Rhodes
    Real Estate License ID: 0646049
    (903) 292-8515 (903) 910-3400 (972) 772-7000
    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!