Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gated Ranch Homesite with Views Title is generated by Realmo AI

    3123 Rio Grande, Cresson, TX 76035

    View on Map
    Claim this Listing
    Pending
    $200,000

    LAND - Cresson, TX

    Lot size:
    2.01 Acres
    Added:
    May 22, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 3123 Rio Grande

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    1783100000400
    Lot size
    2.01 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Walker Freeman

    Listing agent Walker Freeman License #0786759

    Listing office The Agency Frisco Celina, TX

    Listing date May 22, 2026

    MLS# 21164057 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

    • Gated community subdivision in Cresson, Texas: Putteet Hill Ranch
    • Water source: well
    • Sewer: septic tank
    • About 29 miles from downtown Fort Worth
    • About 10 miles from the Granbury Square

    Overview

    Discover Putteet Hill Ranch, a conveniently located subdivision in Cresson, Texas, featuring a gated community atmosphere and panoramic hill views. This for-sale homesite offers 2.01 acres of land, providing space to bring your preferred home design to life while enjoying the surrounding scenery.

    The property is positioned for a balanced lifestyle, with approximately 29 miles to downtown Fort Worth and about 10 miles to the Granbury Square area. Putteet Hill Ranch is described as a peaceful retreat, with access to nearby city amenities while still maintaining a quieter residential feel within the community.

    This type of acreage is well-suited for buyers looking to build a custom home on a larger homesite in a controlled-access setting. If you value open, scenic outlooks and want the option to design and develop at your own pace, Putteet Hill Ranch offers a practical foundation for a new residence in Hood County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Dental Office Big Box & Wholesale Store Building Supply Food Market Hotel & Motel Department Store Bar & Pub Garden Center Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Cresson
    County
    Hood
    State
    Texas
    Longitude
    -97.645192
    Latitude
    32.496819

    Nearby Similar for Sale

    • $1,595,000

      Aircraft Hangar with Attached Apartment

      Aviation-ready hangar with a large access door, concrete pad, and onsite living and workspace for extended use.
      17829 HWY 377, Cresson, TX 76035
      View Details
    • $550,000

      Commercial Land with Highway Frontage

      Nearly two acres in downtown Cresson with frontage on US Highway 171 and US Highway 377, offered for commercial investment.
      9508 Miflin Street, Cresson, TX 76035
      View Details
    • $2,122,250

      Ranch Land with Creek Corridor

      Ranch acres with rolling terrain, hardwoods, and a natural creek, suited for grazing or hunting.
      12950-1 Cleburne Highway, Cresson, TX 76035
      View Details
    • $1,750,000

      Development Land with Highway Frontage

      Restricted commercial development tract with long frontage along Hwy 377 in Cresson city limits.
      Hwy 377, Cresson, TX 76035
      View Details
    • $998,000

      Multi-Use Land Tract with Privacy

      Large acreage at the end of the road with rolling terrain, mature trees, and open meadows for flexible development or investment.
      Hwy 171, Cresson, TX 76035
      View Details
    • $424,900

      Cresson Homesite in Gated Community

      5.577-acre homesite in gated community near Fort Worth and Granbury.
      W Hidden Meadow Court lot: 16, Cresson, TX 76035
      View Details
    • $205,000

      Residential Land in Gated Community

      2+ acre lot in gated community near Granbury and Fort Worth.
      207 Morning Dove Court, Cresson, TX 76035
      View Details
    • $375,000

      Unimproved Industrial Land Lot

      Last available lot in Cresson Crossroads Business Park, suitable for industrial operations or service-based office development.
      1300A Hughie Long Road, Cresson, TX 76035
      View Details
    • $179,000

      Hilltop Lot with Panoramic Views

      2+ acre lot in gated community with low property taxes.
      3001 Rio Grande Circle, Cresson, TX 76035
      View Details
    • $232,000

      Cresson Land in Gated Community

      2+ acre homesite in exclusive gated community near Granbury.
      301 Elliott Court, Cresson, TX 76035
      View Details
    • $998,000

      Large Multi-Use Land Tract

      66.77-acre tract with rolling terrain, mature trees, and no deed restrictions for flexible development or investment plans.
      0 Hwy 171, Cresson, TX 76035
      View Details
    • $232,000

      Land in Gated Community

      2+ acre homesite with lake access near Granbury Square.
      400 Conway Cove, Cresson, TX 76035
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready acreage in a gated subdivision with panoramic views, offering a quiet setting within easy reach of major destinations.
    Where is this residential land & home lot located?
    The property is located at 3123 Rio Grande Cresson, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Gated community subdivision in Cresson, Texas: Putteet Hill Ranch; Water source: well; Sewer: septic tank
    (972) 971-4017
    We can help!
    Listing Contact
    Walker Freeman
    Real Estate License ID: 0786759
    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
    3123 Rio Grande, Cresson, TX 76035
    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!