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    Ranch Land with 3BR Home Title is generated by Realmo AI

    2062 Farm to Market Road 1291, Fayetteville, TX 78940

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    For Sale
    $2,900,000

    Residential (farm-ranch),Farm - Fayetteville, TX

    Type:Farm
    Property size:
    1,929 SF
    Lot size:
    187.09 Acres
    Price / SF:
    $1,503/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 2062 Farm to Market Road 1291

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Carport, Garage
    Vegetation
    Heavily Wooded, Wooded
    Exterior features
    Heavily Wooded, Seasonalcreek, Well
    Standard status
    Active
    APN
    52116, 70634, 70632
    Size
    1,929 SF
    Lot size
    187.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1255

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1995
    Year renovated
    1995
    Floors in Building
    2
    Building materials
    Stone
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Caitlin Jacob

    Listing agent Caitlin Jacob License #693089

    Listing office Limitless Real Estate LLC PO Box 103, Carmine, TX

    Listing date Jun 4, 2026

    MLS# 156474 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 187‑acre heavily wooded ranch property with seasonal creek and well
    • 3‑bedroom, 2‑bath ranch home built in 1995
    • Central heating and a composition roof
    • Stone construction with carport and garage parking
    • About 1.5 miles of gravel trails for walking, horseback riding, or ATV use
    • Additional residence potential with space to selectively clear areas or preserve natural land

    Overview

    2K Ranch is a Fayette County, Texas ranch property offering 187.094 acres of raw land plus a comfortable 3-bedroom, 2-bath home. The home provides a place to live immediately, while the property’s open layout also supports the idea of adding a second residence. The land is described as largely undeveloped, with room to selectively clear areas as desired or leave natural areas intact.

    A major on-site feature is the approximately 1.5 miles of gravel trails, intended for walking, horseback riding, or ATV use across the property. The setting is positioned for privacy and an outdoor-focused lifestyle, with acreage suitable for recreation and hunting.

    For buyers seeking acreage that can function as both a residence and an outdoor base, this property combines an existing home with extensive land for ranching, hunting, and recreation. The configuration also suits buyers who want flexibility between developing a portion of the acreage and preserving it for wildlife and continued outdoor use.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Fayetteville
    County
    Fayette
    State
    Texas
    Longitude
    -96.676234
    Latitude
    29.93049

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    FAQs

    What type of property is this?
    Ranch - 187-acre ranch property with a 3-bedroom, 2-bath home and 1.5 miles of gravel trails for outdoor use.
    Where is this ranch located?
    The property is located at 2062 Farm to Market Road 1291 Fayetteville, TX.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 187‑acre heavily wooded ranch property with seasonal creek and well; 3‑bedroom, 2‑bath ranch home built in 1995; Central heating and a composition roof
    (903) 245-5040
    We can help!
    Listing Contact
    Caitlin Jacob
    Real Estate License ID: 693089
    Learn More
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    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.

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    2062 Farm to Market Road 1291, Fayetteville, TX 78940
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