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    Family Retreat on 18 Acres Title is generated by Realmo AI

    8518 Fm 2145, Ledbetter, TX 78946

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    For Sale
    $1,695,000

    18-acre family retreat with main house, guest cabins, and amenities.

    Type:Farm and Ranch Properties
    Lot size:
    18.13 Acres
    Added:
    May 17, 2026
    Days on Market:
    14
    Last Refresh:
    May 17 at 4:31 pm

    Property Features for 8518 Fm 2145

    General Information

    Standard status
    Active
    Lot size
    18.13 Acres
    Property subtype
    Farm and Ranch Properties

    Building Details

    Year Built
    2020

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    Listing Contact
    Michael Purcell

    Listing agent Michael Purcell

    Listing office

    Listing date May 17, 2026

    Source Elliman

    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 Michael Purcell

    HighLights

    • 18.127‑acre property ideal for family gatherings and entertaining
    • Main house built in 2021 with 12‑foot ceilings, two‑level media room, and spacious primary suite
    • Chef’s kitchen with expansive island, farmhouse sink, smart appliances, and walk‑in pantry with coffee bar
    • Outdoor amenities include a covered fire‑pit pavilion, outdoor kitchen, and tranquil pond views
    • Includes two guest cabins, a She Shed, a Man Cave, and a Game Cave
    • Features Colorado Valley Fiber and an active Wildlife Valuation

    Overview

    This 18.127-acre property is designed for family gatherings and entertaining. Constructed in 2021, the main house features 12-foot ceilings in the kitchen and living area, a two-level media room, and a primary suite with a vaulted bathroom ceiling. An oversized two-car garage includes a separate roll-up door for a golf cart or buggy. The kitchen is equipped with an expansive island, farmhouse sink, smart appliances including a gas range and double ovens, double microwaves, and a walk-in pantry with a coffee bar and custom cabinetry. Outdoor amenities include a covered fire-pit pavilion, outdoor kitchen, pond views, and perimeter fencing. Additional structures include two guest cabins, a She Shed, a Man Cave, a Game Cave, and multiple storage buildings. The property also features Colorado Valley Fiber and an active Wildlife Valuation. The property has a walk score of 0, indicating it is car-dependent, and a bike score of 25, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Ledbetter
    County
    Fayette
    State
    Texas
    Longitude
    -96.8228434
    Latitude
    30.0473267

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    FAQs

    What type of property is this?
    Farm - 18-acre family retreat with main house, guest cabins, and amenities.
    Where is this farm located?
    The property is located at 8518 Fm 2145 Ledbetter, TX.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: 18.127‑acre property ideal for family gatherings and entertaining; Main house built in 2021 with **12‑foot ceilings, two‑level media room, and spacious primary suite**; **Chef’s kitchen with expansive island, farmhouse sink, smart appliances, and walk‑in pantry with coffee bar**
    (713) 703-5337
    We can help!
    Listing Contact
    Michael Purcell
    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.

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