Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ranch Land Parcel with Fencing Title is generated by Realmo AI

    12403 FM 1975, Gilmer, TX 75644

    View on Map
    Claim this Listing
    For Sale
    $121,800

    LAND - Gilmer, TX

    Lot size:
    11.60 Acres
    Added:
    Aug 19, 2025
    Days on Market:
    290
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 12403 FM 1975

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Grassed, Wooded
    Fencing
    Fenced
    Standard status
    Active
    APN
    000000046871
    Lot size
    11.60 Acres

    Taxes and HOA fees

    Tax Description
    ABS A204 HARRISON COUNTY SCHOOL LAND,TRACT 1

    We can help!

    Listing Contact
    Michael Wells

    Listing agent Michael Wells License #0557595

    Listing office Michael Wells Realty Keller, TX

    Listing date Aug 19, 2025

    MLS# 21034685 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Listing for Parcel E: approximately 11.6 acres along the northwest side of the overall subject property
    • Rolling land with some wooded area and pasture currently used for a livestock operation raising bison and cattle
    • Premium fencing: 6 ft high, 6‑strand wire around the external boundary, plus some internal fencing separating pastures
    • Parcel E includes frontage/access options within a larger 232‑acre plat; ~192 acres will be divided at closing
    • Parcels A & B have road access at a corner to the parcel; parcels C through I have some road frontage
    • Parcels can be purchased as displayed or combined for a larger parcel; custom boundaries may be negotiated and the parcel re‑platted for closing

    Overview

    This offering is for Parcel E, a ranch land parcel approximately 11.6 acres, depicted in the attached photo. The property features a mix of rolling terrain, wooded areas, and pasture acreage that is currently supporting a livestock operation raising bison and cattle. The external boundary is surrounded by premium fencing consisting of 6-foot high, 6-strand wire, with additional similar internal fencing that separates pastures.

    Parcel E sits along the northwest side of the subject property. The overall acreage is part of a larger 232-acre plat, with approximately 192 acres planned to be divided at closing. The broader plat includes other designated parcels, with Parcels A and B having road access at a corner, while Parcels C through I include some road frontage. Road access details are described for the overall plat, and the exact parcel boundaries for Parcel E are approximated from Google Earth and will be re-platted for closing.

    Parcel E is well suited for buyers seeking smaller ranch acreage within a managed livestock setting, especially those who value existing perimeter and internal fencing. Buyers looking to build a custom ranch holding may also consider combining parcels or negotiating boundaries within the larger overall acreage to create a larger resulting tract re-platted for closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Gilmer
    County
    Upshur
    State
    Texas
    Longitude
    -94.895714
    Latitude
    32.895442

    Nearby Similar for Sale

    • $450,000
      3,000 SF

      Remodeled Commercial Property on Highway

      Versatile commercial property in Gilmer with high visibility.
      307 US HWY 271 N, Gilmer, TX 75644
      View Details
    • $275,000
      1,400 SF

      Renovated Commercial Building on Highway

      Completely renovated 1,400 sq ft commercial building on 0.13 acres.
      505 US Highway 271 S, Gilmer, TX 75644
      View Details
    • $545,000
      4,800 SF

      Versatile Commercial Property in Gilmer

      Commercial property with multiple buildings and development potential in Gilmer.
      6761 State Hwy 154, Gilmer, TX 75644
      View Details
    • $139,900
      2,000 SF

      Gilmer Commercial Building For Sale

      New commercial building in growing area near Upshur Rural Electric.
      143 REA RD, Gilmer, TX 75644
      View Details
    • $129,900

      New Building in Gilmer, TX

      New commercial building with endless opportunities in Gilmer, Texas.
      135 REA Rd, Gilmer, TX 75644
      View Details
    • $372,500
      1,788 SF

      Flex Property with Pond and Highway Frontage

      Versatile flex and warehouse buildings with on-site utilities, septic tanks, and a pond, positioned for future outdoor uses.
      7697 N State HWY 155, Gilmer, TX 75644
      View Details
    • $129,900
      1,950 SF

      New Commercial Building in Gilmer

      New commercial building near HWY 154, ready for business.
      135 REA Rd, Gilmer, TX 75644
      View Details
    • $245,000

      Versatile Land Between Longview, Diana

      2.752 acre tract with commercial and residential potential.
      9649 N US 259, Gilmer, TX 75647
      View Details
    • $372,500

      Versatile East Texas Property

      11.6-acre property with commercial and residential potential near Gilmer.
      7697 State Hwy 155 N, Gilmer, TX 75645
      View Details
    • $295,992

      Gilmer Commercial Property For Sale

      Turnkey commercial property in Gilmer, TX, ready for immediate use.
      420 E Scott Street, Gilmer, TX 75644-4
      View Details
    • $649,000

      Commercial Land with Highway Frontage

      Level raw land with major highway and city street frontage, including a grandfathered billboard on site.
      Highway 271/300, Gilmer, TX 75645
      View Details
    • $630,000

      Private Ranch Retreat Acreage

      Secluded ranch land with a log home plus full cattle and equine improvements, including fencing, barns, and water to working pens.
      4834 FM 2088, Gilmer, TX 75644
      View Details

    FAQs

    What type of property is this?
    Ranch - Rolling East Texas acreage with pasture, wooded areas, and premium fencing for livestock-ready use.
    Where is this ranch located?
    The property is located at 12403 FM 1975 Gilmer, TX.
    What is the asking price?
    The asking price for this property is $121,800.
    What are key features of this property?
    This property features: Listing for Parcel E: approximately 11.6 acres along the northwest side of the overall subject property; Rolling land with some wooded area and pasture currently used for a livestock operation raising bison and cattle; Premium fencing: 6 ft high, 6‑strand wire around the external boundary, plus some internal fencing separating pastures
    (817) 581-0321
    We can help!
    Listing Contact
    Michael Wells
    Real Estate License ID: 0557595
    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
    12403 FM 1975, Gilmer, TX 75644
    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!