Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Expansive Land with Development Potential Title is generated by Realmo AI

    24901 S Farm to Market 148, Kemp, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    35+ acres with creek frontage, development potential in Kemp, Texas.

    Type:LAND
    Lot size:
    35.84 Acres
    Added:
    Sep 5, 2025
    Days on Market:
    272
    Last Refresh:
    May 19 at 8:28 pm

    Property Features for 24901 S Farm to Market 148

    General Information

    Standard status
    Active
    Lot size
    35.84 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Caprice Michelle Swiercinsky, MAPS

    Listing agent Caprice Michelle Swiercinsky, MAPS

    Listing office Caprice Michelle, LLC

    Listing date Sep 5, 2025

    Source Moodyscre

    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 Caprice Michelle, LLC

    HighLights

    • Expansive 35+ acre property with Kings Creek frontage and North Cedar Creek Lake access.
    • Development potential for residential, commercial, or private estate purposes.
    • Prime corner location at the intersection of State Highway 274 & FM 148, ideal for commercial ventures.
    • Directly across from Kings Creek Golf Course, attracting golf course traffic.
    • Includes a 40x40 structure on the property.
    • Versatile zoning possibilities.

    Overview

    This expansive 35+ acre property in Kemp, Texas, features frontage on Kings Creek and offers development potential. The land provides direct access to Direck Creek and North Cedar Creek Lake. Situated across from Kings Creek Golf Course, the prominent corner location at the intersection of State Highway 274 and FM 148 presents an outstanding commercial prospect, ideal for ventures serving the local community and golf course traffic. The acreage is an excellent investment for residential development, a private estate, or a commercial enterprise, given its generous size and versatile zoning possibilities. There is a 40x40 structure on the property. The property is being sold in its current condition, 'As Is Where Is' for land value. The property appears to be in Zone A; buyers and buyer's agents are advised to verify all information.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.23
    Latitude
    32.4426

    Nearby Similar for Sale

    • $200,000
      2,500 SF

      Retail and Office Building

      Renovated historic building with an industrial kitchen, front lobby, and two bathrooms—suited for retail, office, or medical use.
      218 S Main Street, Kemp, TX 75143
      View Details
    • $1,295,000
      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
    • $1,350,000
      11,826 SF

      Kemp, TX Apartment Complex

      12-unit apartment complex on 5 acres in Kemp, TX.
      1010 Ranch Country Drive, Kemp, TX 75143
      View Details
    • $949,000
      2,580 SF

      Kemp, TX Farm/Ranch Property

      38.83-acre farm/ranch with home, workshops, ponds, and pool.
      21855 S Fm 148, Kemp, TX 75143
      View Details
    • $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 75075
      View Details
    • $299,000
      4,125 SF

      Kemp, TX Adaptive Reuse Opportunity

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

      Pastoral Ranch Property Near Dallas

      49+ acre ranch near Dallas with home and shop.
      18025 County Road 4052, Kemp, TX 75143
      View Details
    • $3,500,000
      2,743 SF

      Expansive Ranch Property in Kemp, TX

      201-acre ranch featuring a well-maintained home and ample amenities.
      9390 County Road 4028, Kemp, TX 75143
      View Details
    • $899,000
      1,918 SF

      Kemp Farm and Ranch Acreage

      68+ acre farm/ranch with ponds and organic hay crop.
      9830 County Road 4028, Kemp, TX 75143
      View Details
    • $2,599,000

      Expansive Ranch with Equestrian Arena

      210+ acre ranch featuring equestrian facilities and hay production.
      11016 County Road 2138, Kemp, TX 75143
      View Details
    • $300,000

      Downtown Kemp Restaurant Opportunity

      Recently renovated restaurant space in booming Kaufman County.
      216 S Main Street, Kemp, TX 75143
      View Details
    • $850,000

      23 Acres Near Cedar Creek

      23 acres of land near Cedar Creek Lake in Kemp.
      CO Rd 4042, Kemp, TX 75143
      View Details

    FAQs

    What type of property is this?
    Land - 35+ acres with creek frontage, development potential in Kemp, Texas.
    Where is this land located?
    The property is located at 24901 S Farm to Market 148 Kemp, TX.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Expansive 35+ acre property with Kings Creek frontage and North Cedar Creek Lake access.; Development potential for residential, commercial, or private estate purposes.; Prime corner location at the intersection of State Highway 274 & FM 148, ideal for commercial ventures.
    (214) 789-7364 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Caprice Michelle Swiercinsky, MAPS
    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
    24901 S Farm to Market 148, Kemp, TX
    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!