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    Agricultural Land with Pond Title is generated by Realmo AI

    4788 Fm 513 S, Lone Oak, TX 75453

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    Claim this Listing
    For Sale
    $850,000

    LAND - Lone Oak, TX

    Lot size:
    34.17 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 4788 Fm 513 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Wooded
    Standard status
    Active
    APN
    38119
    Lot size
    34.17 Acres

    Taxes and HOA fees

    Tax Description
    A1184 YOUNG WILLIAM, TRACT 18, ACRES 34.17,(A
    Tax Annual Amount
    50

    We can help!

    Listing Contact
    Brandon Edwards

    Listing agent Brandon Edwards License #0736668

    Listing office Monument Realty Frisco, TX

    Listing date Apr 16, 2026

    MLS# 21238156 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

    • 34.17‑acre property at 4788 FM 513 S in Lone Oak
    • AG Exemption already in place
    • No zoning restrictions reported
    • On‑site pond plus installed water meter
    • Culvert and front gate already installed
    • Survey available

    Overview

    This offering presents 34.17 acres of agricultural land suited for buyers seeking rural space with supporting site improvements already in place. The property includes a pond, an installed water meter, and a culvert and front gate. A survey is available, which can help streamline planning and due diligence for residential, storage, or agricultural-oriented use.

    Located at 4788 FM 513 S in Lone Oak, Texas, the land sits on a quiet countryside stretch with an open, peaceful setting. The listing notes that there are no zoning restrictions, and the property currently carries an AG exemption, offering an added layer of flexibility for potential development and long-term ownership.

    With existing water infrastructure and entry improvements, this property may appeal to buyers who want the ability to operate as a ranch, create a private retreat, or plan for alternative rural uses such as storage or other development concepts. For investors or owner-users evaluating land for future flexibility, the combination of no zoning restrictions, AG exemption, and on-site water features can support a range of next steps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Pharmacy Storage Facility HVAC Service Furniture & Home Goods Electrical Service Grocery & Convenience Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Lone Oak
    County
    Hunt
    State
    Texas
    Longitude
    -95.943785
    Latitude
    33.011512

    Nearby Similar for Sale

    • $600,000
      8,500 SF

      Highway 69 Commercial Building

      8500 SF commercial building on Highway 69 in Lone Oak.
      203 Norton Street, Lone Oak, TX 75453
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Expansive acreage in place with an on-site pond, installed water meter, and AG exemption for flexible rural plans.
    Where is this agricultural land / farmland located?
    The property is located at 4788 Fm 513 S Lone Oak, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 34.17‑acre property at 4788 FM 513 S in Lone Oak; AG Exemption already in place; No zoning restrictions reported
    (214) 705-7827
    We can help!
    Listing Contact
    Brandon Edwards
    Real Estate License ID: 0736668
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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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