Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Ponds and Pasture Title is generated by Realmo AI

    W FM-1566, Celeste, TX 75423

    View on Map
    Claim this Listing
    For Sale
    $2,290,000

    LAND - Celeste, TX

    Lot size:
    152.74 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    102
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for W FM-1566

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24835
    Lot size
    152.74 Acres

    Taxes and HOA fees

    Tax Description
    A0341 FARRIS ISAAC (HUNT COUNTY), TRACT C2, A
    Tax Annual Amount
    249

    Utilities

    Sewer type
    Aerobic Septic

    We can help!

    Listing Contact
    Jim Harvey
    Jim Harvey

    Listing agent Jim Harvey License #0326218

    Listing office The Harvey Group Mckinney, TX

    Listing date Feb 23, 2026

    MLS# 20860487 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

    • Long paved road frontage ideal for subdivision.
    • Multiple ponds enhance the property's appeal and utility.
    • Improved pasture, totally fenced and cross fenced for livestock.
    • Available co‑op water and electricity.
    • Beautiful rolling tract with scattered trees.
    • Location: [-96.143875,33.292866]

    Overview

    This is a 152.738-acre tract of land featuring rolling terrain with scattered trees and multiple ponds. The property includes improved pasture and is fully fenced and cross-fenced. Cooperative water and electricity are readily available. The property benefits from extensive paved road frontage, facilitating potential subdivision. Located in Celeste, Texas, this land offers agricultural and development opportunities.
    Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Map

    City
    Celeste
    County
    Hunt
    State
    Texas
    Longitude
    -96.208
    Latitude
    33.2816

    Nearby Similar for Sale

    • $3,995,000

      Undeveloped Land in Celeste, Texas

      158.7-acre tract suitable for long-term hold or development.
      Highway 69, Celeste, TX 75423
      View Details
    • $699,000

      Farming And Multi-Home Acreage With Pond

      Fertile, AG-exempt acreage with a spring-fed pond, two move-in ready homes, and a large workshop for flexible living or farming.
      7143 County Road 1050, Celeste, TX 75423
      View Details
    • $103,000

      Unimproved Land in Hunt County

      Almost 2 acres of land between Leonard & Celeste, TX.
      6512 County Road 1050, Celeste, TX 75423
      View Details
    • $734,415

      Rural Land with Ponds

      A manageable acreage with two bass ponds and utilities available for flexible agricultural or recreational use.
      112 Hill Ranch Road, Celeste, TX 75423
      View Details
    • $449,000

      Wooded Residential Development Tract

      A mostly wooded acreage tract with road frontage and level topography, suited for future homesite or development plans.
      3150 Fm 272, Celeste, TX 75423
      View Details
    • $2,780,000

      Hunting and Ranch Land Opportunity

      A legacy ranch with lakes, improved pasture, and working ranch improvements positioned for recreation or future development.
      2301 Private Road 1179, Celeste, TX 75423
      View Details
    • $780,000

      65 Acres of Ag Land

      65.55 acres of agricultural land for sale in Celeste, TX.
      Fm 272, Celeste, TX 75452
      View Details

    FAQs

    What type of property is this?
    Land - 152+ acre tract with ponds, pasture, and development potential.
    Where is this land located?
    The property is located at W FM-1566 Celeste, TX.
    What is the asking price?
    The asking price for this property is $2,290,000.
    What are key features of this property?
    This property features: Long paved road frontage ideal for subdivision.; Multiple ponds enhance the property's appeal and utility.; Improved pasture, totally fenced and cross fenced for livestock.
    (214) 957-5160
    We can help!
    Listing Contact
    Jim Harvey
    Jim Harvey
    Real Estate License ID: 0326218
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    W FM-1566, Celeste, TX 75423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!