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    Agricultural Land with Two Residences Title is generated by Realmo AI

    County Road 2307, Sulphur Springs, TX 75482

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    Claim this Listing
    For Sale
    $1,900,950

    LAND - Other - Sulphur Springs, TX

    Lot size:
    36.17 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    110
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for County Road 2307

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Boat, RV
    Exterior features
    Storage
    Fencing
    Perimeter, Fenced
    Standard status
    Active
    APN
    R000026903
    Lot size
    36.17 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 1.000 TRACT: 17-03 ABST: 39 SUR: BOWLI
    Tax Annual Amount
    2440

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Architectural style
    Other
    Additional Structures
    Storage, Barn(s)

    We can help!

    Listing Contact
    Jana Dodd
    Jana Dodd

    Listing agent Jana Dodd License #0573252

    Listing office Dodd Realty Sulphur Springs, TX

    Listing date Feb 16, 2026

    MLS# 20903897 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

    • 4‑bedroom, 2‑bath brick main home built in 2006 with central heating and central air
    • In‑ground swimming pool and on‑site storage
    • Second home: well‑maintained manufactured home with 1,000+ sq ft
    • Property sits on over 36 acres with multiple outbuildings and barns
    • Ag exemption in place; currently used for homesteads and agricultural use
    • 30' easement from County Road 2307 and property line along the city limit line

    Overview

    This offering is agricultural land totaling 36.17 acres and currently improved for both homesteading and agriculture. The main residence is a brick home with four bedrooms and two baths, featuring an in-ground swimming pool. A secondary home on the property is described as a well-maintained manufactured home with more than 1,000 square feet. Multiple outbuildings and barns are included, and the property is maintained with an agricultural exemption in place.

    The property line runs along the city limit line, and the site includes a 30’ easement from County Road 2307. It is located in the heart of Sulphur Springs, with access described as being within less than a mile of Interstate 30.

    This configuration can work well for buyers looking to combine residential living with active or hobby agriculture in one purchase. The presence of two dwellings plus barns and outbuildings may also appeal to multi-generational households or operators seeking on-site flexibility while retaining agricultural use tied to the existing exemption.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.579961
    Latitude
    33.117503

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Acreage with two homes, barns, and an in-place ag exemption, offering flexible homestead and agricultural use near Interstate 30.
    Where is this agricultural land / farmland located?
    The property is located at County Road 2307 Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $1,900,950.
    What are key features of this property?
    This property features: 4‑bedroom, 2‑bath brick main home built in 2006 with central heating and central air; In‑ground swimming pool and on‑site storage; Second home: well‑maintained manufactured home with 1,000+ sq ft
    (903) 348-6060
    We can help!
    Listing Contact
    Jana Dodd
    Jana Dodd
    Real Estate License ID: 0573252
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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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