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    3718 County Road 2628, Caddo Mills, TX 75135

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    Picture of Farms at 3718 County Road 2628, Caddo Mills, TX
    For Sale
    $405,000

    Farm/Ranch - Caddo Mills, TX

    Type:Farm
    Property size:
    4,327 SF
    Lot size:
    3.46 Acres
    Price / SF:
    $93/SF
    Added:
    May 22, 2026
    Days on Market:
    5
    Last Refresh:
    May 26 at 7:06 am

    Property Features for 3718 County Road 2628

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Carport
    Interior features
    Built-in Features, High Speed Internet Available
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    23294
    Size
    4,327 SF
    Lot size
    3.46 Acres

    Utilities

    Heating system
    Central, Heat Pump (Heating), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1976
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Brittany Stewart
    Brittany Stewart

    Listing agent Brittany Stewart License #0657987

    Listing office EXP REALTY 5605 N MacArthur Blvd., Austin, TX

    Listing date May 22, 2026

    MLS# 21254864 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

    • Two houses on 4.19 acres, ideal for multi‑generational living or rental income.
    • Main residence: 5 bedrooms, 3 bathrooms, 2,058 sq ft with 4‑car carport.
    • Second dwelling: 2 bedrooms, 1 bathroom, 1,743 sq ft with attached workshop.
    • Includes barn, quonset hut, and additional 2‑car carport.
    • Convenient access to Caddo Mills, Greenville, and I‑30.
    • Mature trees and ample space for outdoor activities and future expansion.

    Overview

    This unique property features two adjoining parcels, Tract 54 (3.457 acres) and Tract 53 (0.733 acres), totaling approximately 4.19 acres. Located near downtown Caddo Mills, Greenville, and I-30, the property offers country living with convenient access to amenities. The main residence provides approximately 2,058 square feet of living space, including five bedrooms, three bathrooms, a spacious family room, dining area, kitchen plus kitchenette, mud room, utility room, and a four-car carport. The second dwelling offers approximately 1,743 square feet of living space with an attached workshop, including a kitchen, family room, two bedrooms, one bathroom, and a utility/laundry room, making it ideal for multi-generational living or potential rental income. Outdoor amenities include a covered back deck, open patio, workshop, a barn, quonset hut, and an additional two-car carport. The property features mature trees and open views, with ample space for outdoor entertaining, livestock, or future additions such as a shop or guest house. Refrigerator, freezer, and two boxcars convey with the sale. The property offers flexibility, functionality, and the charm of acreage living.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Big Box & Wholesale Store Auto Repair Shop Computer & Electronic Repair Travel Agency Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Caddo Mills
    County
    Hunt
    State
    Texas
    Longitude
    -96.227369
    Latitude
    33.022288

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    FAQs

    What type of property is this?
    Farm - Two homes on 4.19 acres near Caddo Mills, TX.
    Where is this farm located?
    The property is located at 3718 County Road 2628 Caddo Mills, TX.
    What is the asking price?
    The asking price for this property is $405,000.
    What are key features of this property?
    This property features: Two houses on 4.19 acres, ideal for multi‑generational living or rental income.; Main residence: **5 bedrooms, 3 bathrooms, 2,058 sq ft with 4‑car carport.**; Second dwelling: 2 bedrooms, 1 bathroom, 1,743 sq ft with attached workshop.
    (888) 519-7431
    We can help!
    Listing Contact
    Brittany Stewart
    Brittany Stewart
    Real Estate License ID: 0657987
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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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    3718 County Road 2628, Caddo Mills, TX 75135
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