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    7991 FM 314 Ben Wheeler, TX 75754

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    Claim this Listing
    New
    For Sale
    $585,000

    Traditional, Farm/Ranch - Ben Wheeler, TX

    Type:Farm
    Property size:
    2,032 SF
    Lot size:
    19.19 Acres
    Price / SF:
    $287/SF
    Added:
    Apr 30, 2026
    Days on Market:
    5
    Last Refresh:
    May 4 at 4:06 am

    Property Features for 7991 FM 314

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Covered, Driveway, Garage, Gated
    Interior features
    Eat-in Kitchen, Kitchen Island
    Exterior features
    Dog Run, Private Entrance, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Range - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    R000024717
    Size
    2,032 SF
    Lot size
    19.19 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1979
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    Kennel/Dog Run, Storage

    We can help!

    Listing Contact
    Charlee Rees
    Charlee Rees

    Listing agent Charlee Rees License #0690496

    Listing office Keller Williams Realty-Tyler 6761 Old Jacksonville Hwy, Tyler, TX

    Listing date Apr 30, 2026

    MLS# 21180975 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.

    Overview

    Edom Texas Ranch Retreat

    Located in Edom, Texas, this 19.19-acre ranch property offers a blend of open pastures and wooded areas. Currently benefiting from an Agricultural Exemption for its pecan trees, the land is suitable for livestock, gardening, or enjoying the natural environment. The ranch-style home, situated on a gentle hill, provides sunset views. The 2,036 sq ft residence includes 3 bedrooms, 2 bathrooms, and a 2-car garage. The interior features an inviting layout. Three outbuildings, including one with air conditioning, offer space for hobbies, a home business, or storage. A pre-prepared site with water, electricity and septic is ready for an additional outbuilding or barn. A pond enhances the property, attracting wildlife and offering opportunities for fishing. Located 10 miles off Interstate 20 via FM314 South, the ranch provides rural serenity with access to modern amenities, and is 16 miles to Tyler TX. This property is suited for families, outdoor enthusiasts, or those seeking a peaceful retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom Bar & Pub Storage Facility Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Ben Wheeler
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.5900632
    Latitude
    32.3987964

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    FAQs

    What type of property is this?
    Ranch - 19-acre ranch with a 2,036 sq ft residence.
    Where is this ranch located?
    The property is located at 7991 FM 314 Ben Wheeler, TX.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: 19‑acre ranch with Agricultural Exemption for pecan trees; Ranch‑style home featuring 3 bedrooms, 2 bathrooms, and a 2‑car garage totaling 2,036 sq ft; Three outbuildings, one with air conditioning, providing versatile space
    (972) 874-1905
    We can help!
    Listing Contact
    Charlee Rees
    Charlee Rees
    Real Estate License ID: 0690496
    Learn More
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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.

    More about this property
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    7991 FM 314, Ben Wheeler, TX 75754

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