Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Tbd County Road 159 Coleman, TX 76834

    View on Map
    Claim this Listing
    New
    For Sale
    $1,369,500

    Ranch - Coleman, TX

    Type:Ranch
    Lot size:
    249.37 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    7
    Last Refresh:
    May 5 at 12:06 pm

    Property Features for Tbd County Road 159

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    R13065
    Lot size
    249.37 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Marsha Spinks

    Listing agent Marsha Spinks License #0633785

    Listing office Liveoak Land & Real Estate 1815 S Commercial Avenue, Coleman, TX

    Listing date Apr 29, 2026

    MLS# 21245814 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

    Productive Farmland with Development Potential

    This property features approximately 249 acres of productive farmland. It is situated just outside of the Coleman Municipal Airport and offers significant access with almost two miles of road frontage on three sides. The land has development potential as the town of Coleman expands. The property includes one small stock tank and a wet weather creek that holds water during rainy seasons. Public utilities are accessible nearby. Located in Coleman, Texas, the property is identified as Tbd County Road 159, Coleman, TX 76834.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Coleman
    County
    Coleman
    State
    Texas
    Longitude
    -99.43
    Latitude
    31.8779

    Nearby Similar for Sale

    • $995,000

      Turnkey Restaurant in Downtown Coleman

      Premier dining destination in Coleman, Texas, with upscale Texas charm.
      420 S Commercial Avenue, Coleman, TX 76834
      View Details
    • $750,000

      Established Restaurant & Bar For Sale

      Turnkey restaurant and bar with immediate income potential in Coleman.
      601 S COMMERCIAL Avenue, Coleman, TX 76834
      View Details
    • $900,000
      3,622 SF

      Established Auto Shop in Coleman

      Turnkey auto shop with 1.07 acres in Coleman, TX.
      112 Santa Anna St, Coleman, TX 76834
      View Details
    • $150,000

      Highway Frontage Commercial Opportunity

      5.6-acre commercial property with highway access in Coleman, TX.
      2201 N Neches Street, Coleman, TX 76834
      View Details
    • $260,000

      Downtown Coleman Retail Opportunity

      Two-story, 10,000 sq ft retail property in downtown Coleman.
      217 S Commercial Avenue, Coleman, TX 76834
      View Details
    • $175,000
      1,756 SF

      Turnkey Office Space in Coleman, TX

      Functional business space with excellent visibility and income potential.
      1606 Commercial, Coleman, TX 76834
      View Details
    • $139,999

      Versatile Land with Highway Frontage

      10 acres with utilities, pond, and commercial potential.
      10010 US Highway 283, Coleman, TX 76834
      View Details
    • $129,999

      Historic Retail Property in Coleman, TX

      Historic property with retail and workshop spaces near downtown.
      115 E Pecan Street, Coleman, TX 76834
      View Details
    • $450,000
      7,500 SF

      Downtown Coleman Business Opportunity

      Thriving downtown Coleman building with redevelopment potential.
      106 East St., Coleman, TX 76834
      View Details
    • $450,000

      Downtown Coleman Building with Potential

      7500 sq ft building in thriving downtown Coleman, Texas.
      106 East Street, Coleman, TX 76834
      View Details
    • $236,500

      Storage Facility in Coleman, TX

      29-unit storage facility in a prime Coleman, TX location.
      1401 N Neches Street, Coleman, TX 76834
      View Details
    • $395,000

      Coleman Grain Industrial Opportunity

      Established grain handling facilities with storage in Coleman, Texas.
      716 Brush Street, Coleman, TX 76834
      View Details

    FAQs

    What type of property is this?
    Ranch - 249 acres of farmland with road frontage near Coleman.
    Where is this ranch located?
    The property is located at Tbd County Road 159 Coleman, TX.
    What is the asking price?
    The asking price for this property is $1,369,500.
    What are key features of this property?
    This property features: 249 +- acres of productive farmland.; Almost two miles of road frontage on three sides.; Endless development potential as Coleman grows.
    (325) 625-4181
    We can help!
    Listing Contact
    Marsha Spinks
    Real Estate License ID: 0633785
    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
    Tbd County Road 159, Coleman, TX 76834
    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!