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    Unrestricted Acreage with Metal Shop Title is generated by Realmo AI

    797 County Road 2958, Alba, TX 75410

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    Claim this Listing
    New
    For Sale
    $184,999

    LAND - Other - Alba, TX

    Property size:
    1,520 SF
    Lot size:
    6.09 Acres
    Price / SF:
    $121/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 797 County Road 2958

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV, Boat
    Vegetation
    Cleared, Grassed, Wooded, Brush
    Exterior features
    Awnings, RvHookup, Storage
    Standard status
    Active
    APN
    R85420
    Lot size
    6.09 Acres

    Taxes and HOA fees

    Tax Description
    LOT 19 PT BLK 12 GOLDEN ACRES M/H ONLY ON 276
    Tax Annual Amount
    257

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    2006
    Architectural style
    Other
    Additional Structures
    Storage, Residence

    We can help!

    Listing Contact
    Aimee Brady

    Listing agent Aimee Brady

    Listing office Lake Homes Realty, LLC Pelham, TX

    Listing date Jun 5, 2026

    MLS# 21290880 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

    • Unrestricted 6.086‑acre property in Golden Acres outside Alba, near Lake Fork
    • 40x38 metal shop/garage built in 2006 with concrete floors, electricity, workshop space, and RV storage
    • RV hookups available, plus RV and boat parking
    • Separate water and electric hookups already in place in two additional locations on the property
    • Existing single‑wide manufactured home conveys; sold AS‑IS with approximately half of the plumbing operational
    • Back portion is heavily wooded for privacy and wildlife habitat; sewer via septic tank

    Overview

    This unrestricted acreage offers a mix of open space and a heavily wooded back portion that provides privacy and a natural buffer. The property’s centerpiece is a 40x38 metal shop and garage with concrete floors, electricity, workshop space, and RV storage, along with an RV hookup and power suitable for welding and heavy-duty equipment. Water spigots are located throughout the property, and separate water and electric hookups are already in place at two additional locations, creating flexibility for RVs, guests, or future improvements.

    The land is located in Golden Acres outside Alba in Wood County, with access addressed via CR 2958. The listing notes it is minutes from Lake Fork, which may appeal to buyers looking for a weekend retreat or a property that supports outdoor recreation. An existing single-wide manufactured home is on site and will convey with the sale.

    The home is being sold AS-IS, with approximately half of the plumbing currently operational, and the listing indicates it provides limited value to the property. For buyers who want room to build or operate, the shop, existing utilities, and multiple hookup locations support practical uses such as storage, a working hobby space, or interim living while plans are developed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Garden Center Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alba
    County
    Wood
    State
    Texas
    Longitude
    -95.59769
    Latitude
    32.746854

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    FAQs

    What type of property is this?
    Residential land & home lot - Over six acres with a 40x38 metal shop, concrete floors, utilities for RV use, and a wooded rear section.
    Where is this residential land & home lot located?
    The property is located at 797 County Road 2958 Alba, TX.
    What is the asking price?
    The asking price for this property is $184,999.
    What are key features of this property?
    This property features: Unrestricted 6.086‑acre property in Golden Acres outside Alba, near Lake Fork; 40x38 metal shop/garage built in 2006 with concrete floors, electricity, workshop space, and RV storage; RV hookups available, plus RV and boat parking
    (205) 985-2991
    We can help!
    Listing Contact
    Aimee Brady
    Request Owner's contact information
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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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