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

    5 Fm 1848 Buffalo, TX 75831

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $485,945

    57+ acre tract with creek, convenient location, wildlife exemption.

    Type:Lots & Acreage / Farm/Ranch
    Property size:
    2,490,325 SF
    Lot size:
    57.17 Acres
    Added:
    Mar 7, 2023
    Days on Market:
    1139
    Last Refresh:
    Mar 13 at 11:52 am

    Property Features for 5 Fm 1848

    General Information

    Standard status
    Active
    Size
    2,490,325 SF
    Lot size
    57.17 Acres
    Property subtype
    Lots & Acreage / Farm/Ranch

    We can help!

    Listing Contact
    Lori Garner

    Listing agent Lori Garner License #0631907

    Listing office Ranch Gate Real Estate, LLC

    Listing date Mar 7, 2023

    Source Compass

    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 Ranch Gate Real Estate, LLC

    Overview

    Beautiful Creek Frontage Land

    This 57-acre tract features creek frontage and sandy loam soil. Wildlife tracks are easy to spot and identify. A new survey has been completed. The property has a wildlife ag exemption for lower taxes. Electricity runs along the newly built Ranch Road in front of the tract. The location is convenient to I-45, being ten minutes to Buffalo, Texas, approximately an hour and a half from Dallas, and about two hours from Houston. The property is suitable for holidays, weekends, or building a permanent dream cabin or custom home.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Leon
    State
    Texas
    Longitude
    -96.055652
    Latitude
    31.465561

    Nearby Similar for Sale

    • $417,620

      Secluded Land Near Flo Community

      59 acres of secluded land with abundant wildlife near Buffalo.
      00 FM 1511, Buffalo, TX 75831
      View Details
    • $1,745,000
      3,861 SF

      Texas Ranch with Barndominium

      90.5-acre ranch featuring a 3,861 sqft barndominium near Leon Expo Center.
      3200 Tx-75, Buffalo, TX 75831
      View Details
    • $749,500

      Flo Countryside Retreat on Acreage

      17.65-acre Texas countryside retreat with home, shop, and fruit trees.
      16742 Fm 831, Buffalo, TX 75831
      View Details
    • $494,900
      1,686 SF

      Leon County Land with Home

      16+ acres with home, workshop, and hunting amenities.
      10178 County Road 272, Buffalo, TX 75831
      View Details
    • $1,100,000
      2,684 SF

      38-Acre Hilltop Retreat

      Private 38-acre hilltop retreat between Dallas and Houston.
      6622 County Road 360, Buffalo, TX 75831
      View Details
    • $167,000

      18.44 Acre Commercial Land Tract

      Unimproved land ideal for industrial, storage, or commercial development.
      164 Highway, Buffalo, TX 75831
      View Details
    • $512,210

      60-Acre Ranch Near Buffalo, TX

      60-acre ranch with creek, cleared boundaries, near Buffalo, TX.
      Tbd 4 FM 1848, Buffalo, TX 75831
      View Details
    • $310,860

      Land East of I-45 Corridor

      Land near Buffalo, TX, with mature trees and wildlife.
      TBD 15 FM 1848, Buffalo, TX 75831
      View Details
    • $1,570,000

      Prime Land Tract on I-45

      20.59 acre tract with I-45 frontage in Buffalo, TX.
      I-45 Frontage Rd., Buffalo, TX 75831
      View Details
    • $905,625

      120.75 AC Twin Creeks Ranch

      Pristine 120.75 AC ranch land with hardwood trees and creeks.
      Tbd 3 FM 1848, Buffalo, TX 75831
      View Details
    • $505,410

      Gated Ranch Community Near Buffalo

      59.46 acre ranch community with creek, near Buffalo, TX.
      Tbd 6 FM 1848, Buffalo, TX 75831
      View Details
    • $124,500

      5-Acre Tract Near Buffalo, Texas

      5 acres with cabin, utilities, near Buffalo, Texas.
      6454 E Us Highway 79, Buffalo, TX 75831
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 57+ acre tract with creek, convenient location, wildlife exemption.
    Where is this agricultural land / farmland located?
    The property is located at 5 Fm 1848 Buffalo, TX.
    What is the asking price?
    The asking price for this property is $485,945.
    What are key features of this property?
    This property features: Over 57 acres of land with creek access; Wildlife Ag exemption for lower taxes; Convenient location: 10 minutes to Buffalo, TX; 1.5 hours from Dallas; 2 hours from Houston
    (254) 747-2933
    We can help!
    Listing Contact
    Lori Garner
    Real Estate License ID: 0631907
    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!