Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    10992 Fm 244 Rd Anderson, TX 77830

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $220,000

    Four-bedroom home on almost two acres near College Station.

    Type:Farm and Ranch Properties
    Lot size:
    2.00 Acres
    Added:
    Apr 11, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 11 at 6:33 am

    Property Features for 10992 Fm 244 Rd

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Farm and Ranch Properties

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Elizabeth Smith

    Listing agent Elizabeth Smith License #0803348

    Listing office

    Listing date Apr 11, 2026

    Source Elliman

    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 Elizabeth Smith

    HighLights

    • Almost 2 acres of land offering peaceful country living
    • Four storage buildings, two with electricity
    • Roof and hot water heater are less than five years old
    • Four bedrooms and two bathrooms providing ample space
    • Convenient access to College‑Station, Navasota, Madisonville and Huntsville
    • Includes pear, peach, and mulberry trees with space for gardening

    Overview

    Spacious Country Home on FM 244

    This spacious home offers peaceful country living on almost 2 acres. The property includes 4 bedrooms and 2 bathrooms, along with a formal living and dining area. A family room features a wood-burning fireplace, and there is also a dedicated study or craft room. The property has pear, peach, and mulberry trees, as well as space for gardening and outdoor projects. There are four storage buildings, two of which are equipped with electricity, a tool room, and an enclosed chicken coop. The roof and hot water heater are less than five years old. Located on FM 244, near College Station, Navasota, Madisonville, and Huntsville, the property provides convenient access to nearby communities while maintaining quiet and privacy. The property offers the opportunity to enjoy small-acreage living with room for hobbies and homesteading.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Big Box & Wholesale Store Department Store Food Market Grocery & Convenience Store Bar & Pub Clothing & Fashion Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Grimes
    State
    Texas
    Longitude
    -96.08868
    Latitude
    30.602337

    Nearby Similar for Sale

    • $1,125,000
      2,834 SF

      Spacious Home on 16 Acres

      Four-bedroom home on 16 acres near Anderson, Texas.
      7120 FM 2819, Anderson, TX 77830
      View Details
    • $795,000
      600 SF

      30.72 Acres Farm in Anderson, TX

      30.72 acre farm with standard frame structure in Anderson.
      5280 Whitaker Way, Anderson, TX 77830
      View Details
    • $1,300,000

      60-Acre Ranch Near Aggieland

      60-acre ranch with home, ponds, and recreational opportunities.
      15438 Farm to Market 3090, Anderson, TX 77830
      View Details
    • $549,999

      Craftsman Home on Two Acres

      Farm-ready craftsman home on 2 acres in Anderson, Texas.
      5037 Horseshoe Dr, Anderson, TX 77830
      View Details
    • $1,272,400
      14,000 SF

      Pristine Land with Stocked Pond

      30.56 acres featuring hayfields, creek, pond, and panoramic views.
      3283-30 Fm 2562 Rd, Anderson, TX 77830
      View Details
    • $1,424,500

      Pristine Acreage with Lush Hayfields

      Rare 40.70 +/- acre property with hayfields and creek.
      3283-40 Fm 2562 Rd, Anderson, TX 77830
      View Details

    FAQs

    What type of property is this?
    Farm - Four-bedroom home on almost two acres near College Station.
    Where is this farm located?
    The property is located at 10992 Fm 244 Rd Anderson, TX.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Almost 2 acres of land offering peaceful country living; Four storage buildings, two with electricity; Roof and hot water heater are less than five years old
    (409) 682-2997
    We can help!
    Listing Contact
    Elizabeth Smith
    Real Estate License ID: 0803348
    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
    10992 Fm 244 Rd, Anderson, TX 77830
    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!