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    Alba Ranch with Multi-Home Potential Title is generated by Realmo AI

    8642 - 8644 S Fm 779, Alba, TX 75410

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    New
    For Sale
    Under Contract
    $625,000

    Ranch - Alba, TX

    Type:Ranch
    Property size:
    3,240 SF
    Lot size:
    16.00 Acres
    Price / SF:
    $192/SF
    Added:
    May 14, 2026
    Days on Market:
    4
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 8642 - 8644 S Fm 779

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Rain Gutters, Misting System, Storage, Storm Cellar, Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    R22092
    Size
    3,240 SF
    Lot size
    16.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Other (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2022
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Julie Ziglar Norman

    Listing agent Julie Ziglar Norman License #0675921

    Listing office Ziglar Realty 9705 Tehama Ridge Pkwy, Odessa, TX

    Listing date May 14, 2026

    MLS# 21193283 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

    • Multi‑generational potential: Main house, barndo with kitchenette and bath, plus a second metered homestead acre for building another house.
    • Enjoy 3,240 sq ft of living space: Includes a 3‑bedroom, 2‑bath farmhouse‑style home and a barndo.
    • Outdoor living: Relax on the 62' X 14' tiled covered patio with fans and a misting system.
    • Two homestead acres: Offering subdivision, family compound, or Airbnb possibilities.
    • Agricultural potential: Fenced and cross‑fenced, AG Exempt with hay production, suitable for cattle and horses.
    • Modern amenities: Keypad entry on all exterior doors, heated toilet seats in both bathrooms, and an oversized 3‑car garage with shop.

    Overview

    This property features a 3-bedroom, 2-bathroom farmhouse-style home with an open-concept layout, along with a barndo that includes a kitchenette, one bedroom, a full bath, and two hobby rooms that could be converted into additional bedrooms. The total living space between the two structures is 3,240 square feet. The property also includes an oversized 3-car garage and a shop. Additionally, there is an immaculate manufactured home with a split primary bedroom featuring an en suite bathroom and a large closet, plus two guest rooms and a second full bath. Both bathrooms in the manufactured home have heated toilet seats. The living room, kitchen, and dining room are integrated, and there is an enclosed electric fireplace. The kitchen features an expansive island, ample counter space, metal pull-out cabinet inserts, modern appliances, and a large pantry. The laundry room is bright. Outdoor features include an 8' X 62' concrete sidewalk with a front-door overhang leading to a 62' X 14' tiled covered patio with overhead fans and a misting system. All exterior doors are equipped with keypads. The property is fenced and cross-fenced, suitable for raising cattle or adding a horse barn and arena. The 16-acre property includes two homestead acres, one with buildings and the other already metered. It is located close to Lake Fork and has an AG exemption with hay. The property is located in Alba, Texas.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Bakery Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Alba
    County
    Wood
    State
    Texas
    Longitude
    -95.613317
    Latitude
    32.741002

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    FAQs

    What type of property is this?
    Ranch - 16-acre ranch featuring farmhouse, barndo, and manufactured home.
    Where is this ranch located?
    The property is located at 8642 - 8644 S Fm 779 Alba, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Multi‑generational potential: Main house, barndo with kitchenette and bath, plus a second metered homestead acre for building another house.; Enjoy 3,240 sq ft of living space: Includes a 3‑bedroom, 2‑bath farmhouse‑style home and a barndo.; Outdoor living: Relax on the 62' X 14' tiled covered patio with fans and a misting system.
    (469) 751-4300
    We can help!
    Listing Contact
    Julie Ziglar Norman
    Real Estate License ID: 0675921
    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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