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    2626 Fm 816 Wolfe City, TX 75496

    For Sale
    Contact for pricing

    252 Acres, Ag Zoning, Great Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 252.19-acre property presents a unique investment opportunity in Wolfe City, Texas. Situated on the corner of FM 816 and County Road 1016, it boasts significant frontage on both roadways, ensuring high visibility and accessibility. The land features a diverse landscape including farmland, mature trees, a creek, and ponds, creating a picturesque setting. Its location offers convenient access to major transportation arteries, including U.S. 69, State Highway 11, State Highway 78, and the expanding State Highway 121 corridor, providing easy connectivity to the developing northern Dallas suburbs. The property benefits from an existing agricultural tax exemption and an active agricultural lease, generating immediate income potential. Approximately 90% of the acreage lies within Hunt County, with a smaller portion extending into Fannin County. A significant portion of the property is designated as an Opportunity Zone, offering potential tax advantages for qualified investors. The property is served by the Wolfe City Independent School District. This versatile land parcel is ideal for a variety of uses, subject to zoning regulations. Its size, location, and existing features make it a compelling investment prospect.

    Property Features for 2626 Fm 816

    General Information

    Property type
    Land
    Lot Size
    10,985,396 SF

    HighLights

    • 252.19 acres of picturesque land featuring farmland, trees, a creek, and ponds.
    • High‑visibility corner lot with significant frontage on FM 816 and County Road 1016.
    • Excellent access to the expanding SH 121 corridor and northern Dallas suburbs via US 69, SH 11, and SH 78.
    • Convenient access to major transportation arteries including US 69, SH 11, and SH 78 via FM 816.
    • Located primarily within an Opportunity Zone, offering potential tax benefits.
    • Situated in Hunt County (90%) and Fannin County (10%).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wolfe City
    County
    Hunt
    State
    Texas
    Longitude
    -96.0467429
    Latitude
    33.3586226

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    FAQs

    What type of property is this?
    Land - 252 Acres, Ag Zoning, Great Location
    Where is this land located?
    The property is located at 2626 Fm 816 Wolfe City, TX.
    What are key features of this property?
    This property features: 252.19 acres of picturesque land featuring farmland, trees, a creek, and ponds.; High-visibility corner lot with significant frontage on FM 816 and County Road 1016.; Excellent access to the expanding SH 121 corridor and northern Dallas suburbs via US 69, SH 11, and SH 78.
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    Realmo Value Estimation

    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.

    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.

    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
    2626 Fm 816 Wolfe City, TX 75496
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