Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    350 Fm 248 Jefferson, TX 75657

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,950

    Large property near downtown Jefferson, ideal for residential or development.

    Type:Farm
    Lot size:
    64.91 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    203
    Last Refresh:
    Apr 1 at 9:05 pm

    Property Features for 350 Fm 248

    General Information

    Standard status
    Active
    Lot size
    64.91 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Edwardo Rios Jr

    Listing agent Edwardo Rios Jr

    Listing office eXp Realty LLC

    Listing date Sep 16, 2025

    Source Xome

    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 eXp Realty LLC

    Overview

    64.91 Acres in Jefferson, Texas

    This 64.91-acre property is located at 350 FM 248 in Jefferson, Texas. The property offers a blend of country living with convenient access to town. It is suitable for building a dream house or developing a future community. The location is just minutes from downtown Jefferson, providing access to shopping, dining, and schools.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Jefferson
    County
    Marion
    State
    Texas
    Longitude
    -94.325927
    Latitude
    32.799861

    Nearby Similar for Sale

    • $1,250,000
      5,152 SF

      Historic Jefferson Bed and Breakfast

      Turnkey bed and breakfast in historic Jefferson, Texas.
      217 W Lafayette Street, Jefferson, TX 75657
      View Details
    • $146,250

      2.8 Acres in Historic Jefferson

      Commercial land with high visibility and development potential.
      1600 Hwy 49, Jefferson, TX 75657
      View Details
    • $1,450,000

      Waterfront Campground in Jefferson, TX

      Waterfront RV campground with pavilion and access to Big Cypress Bayou.
      1602 Hwy 49, Jefferson, TX 75657
      View Details
    • $349,500

      Jefferson Commercial Building with Possibilities

      18,000 SF commercial building on almost 2.5 acres.
      510 E BONHAM, Jefferson, TX 75657
      View Details
    • $499,000

      Marion County Ranch Opportunity

      117-acre ranch near Jefferson, TX, ideal for recreation.
      00 HWY 49, Jefferson, TX 75657
      View Details
    • $374,999

      East Texas Hunting Land

      71.68 acres near Jefferson and Caddo Lake.
      HWY 49, Jefferson, TX 75657
      View Details
    • $120,000

      Versatile Warehouse Near Lake of Pines

      Two-story warehouse near Bullfrog Marina, ideal for marine businesses.
      8048 FM 729, Jefferson, TX 75657
      View Details
    • $9,995

      Wooded Lot in Historic Jefferson

      0.48-acre wooded lot near downtown Jefferson, Texas.
      Tbd E Webster Street, Jefferson, TX 75657
      View Details
    • $300,000

      50 Acres Hunting/Recreational Land

      50 acres of prime hunting and recreational land near Jefferson, TX.
      FM 728, Jefferson, TX 75657
      View Details
    • $8,999

      Jefferson, TX Vacant Land

      1-acre vacant lot in Jefferson, TX, ideal for residential use.
      0 Highway 49, Jefferson, TX 75657
      View Details
    • $184,162

      East Texas Timber/Recreational Land

      Remote 49-acre tract ideal for hunting and off-grid living.
      County Road 1784, Jefferson, TX 75657
      View Details
    • $117,765

      Secluded Wooded Acreage Near Jefferson

      26.17 acres of wooded land near Lake O' the Pines.
      Liberty Road, Jefferson, TX 75657
      View Details

    FAQs

    What type of property is this?
    Farm - Large property near downtown Jefferson, ideal for residential or development.
    Where is this farm located?
    The property is located at 350 Fm 248 Jefferson, TX.
    What is the asking price?
    The asking price for this property is $699,950.
    What are key features of this property?
    This property features: Large 64.91 acre property suitable for building a dream house or developing a community.; Conveniently located minutes from downtown Jefferson.; Easy access to shopping, dining, and schools.
    (888) 519-7431
    We can help!
    Listing Contact
    Edwardo Rios Jr
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!