Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wortham, TX Improved Land Title is generated by Realmo AI

    County Road 2420, Wortham, TX 76693

    View on Map
    Claim this Listing
    For Sale
    $292,800

    LAND - Wortham, TX

    Lot size:
    19.52 Acres
    Added:
    Feb 22, 2026
    Days on Market:
    103
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for County Road 2420

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Grassed, Brush, Cleared
    Standard status
    Active
    APN
    17555
    Lot size
    19.52 Acres

    Taxes and HOA fees

    Tax Description
    ELI HILLHOUSE A-750 19.52 ACRES - 4.93 ACRES
    Tax Annual Amount
    1508

    Utilities

    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Bryan Karlan

    Listing agent Bryan Karlan License #0612133

    Listing office Keller Williams Prosper Celina Celina, TX

    Listing date Feb 22, 2026

    MLS# 21109461 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

    • Water meter installed at the road.
    • Electricity available at the road.
    • Wide open space in Wortham.
    • Located in the #3 Best School District in Freestone County.
    • Mostly in Freestone County.
    • Fenced property.

    Overview

    This 19.52-acre property is located in Wortham, Texas. A water meter has been installed at the road. Electricity is available at the road. The property is mostly in Freestone County, with 4.93 acres in Navarro County. The owners attempted to plat out smaller parcels, but that was not approved.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wortham
    County
    Freestone
    State
    Texas
    Longitude
    -96.428765
    Latitude
    31.834527

    Nearby Similar for Sale

    • $159,900

      Heavily Treed Recreational Land with Cabin

      Private, heavily treed land just outside Wortham with a small cabin and convenient access to nearby utilities.
      206 Fcr 960, Wortham, TX 76693
      View Details
    • $175,000

      Flexible Retail Space on Main Thoroughfare

      Mostly open retail layout on a main thoroughfare, offering flexibility for a variety of neighborhood businesses.
      402 N 3rd Street, Wortham, TX 76693
      View Details
    • $115,000

      Wortham, TX Unimproved Land

      10 acre wooded tract near I-45 for custom home.
      Tract 13 FM 1366, Wortham, TX 76693
      View Details
    • $520,663

      Recreational Ranch Land with Ponds

      Approximately 80 acres of fenced pasture with stock ponds, suited for hunting, fishing, and building a rural homesite.
      837 FCR 995, Wortham, TX 76693
      View Details
    • $528,000

      Recreational Land with Deep Water Pond

      A 47.78-acre city-limits tract with ATV trails, a deep water pond, and a mix of trees and pasture for fishing and recreation.
      123 FCR 1000 Road, Wortham, TX 76693
      View Details
    • $528,000

      Wortham, TX: Untamed Land

      47.78 acres of fenced land with road frontage.
      tbd CR 1000 County Road 1000, Wortham, TX 76693
      View Details
    • $220,000

      Fenced Rural Land Tract

      A fenced, level acreage in Wortham ISD with direct asphalt frontage and multiple building sites for flexible country use.
      8275 Fm 641, Wortham, TX 76693
      View Details
    • $190,000

      Heavily Wooded Ranch Land

      Outside city limits and previously used for cattle, this wooded tract offers options for a home, ranch, or weekend retreat.
      SW County Road 2190, Wortham, TX 76693
      View Details
    • $142,800

      Wooded Agricultural Land with Pond

      Rectangular, wooded acreage with a north-side pond and partial fencing for flexible rural ownership opportunities.
      SW 2320, Wortham, TX 76693
      View Details

    FAQs

    What type of property is this?
    Commercial land - 19.52 acres of land with water meter installed.
    Where is this commercial land located?
    The property is located at County Road 2420 Wortham, TX.
    What is the asking price?
    The asking price for this property is $292,800.
    What are key features of this property?
    This property features: Water meter installed at the road.; Electricity available at the road.; Wide open space in Wortham.
    (972) 382-8882
    We can help!
    Listing Contact
    Bryan Karlan
    Real Estate License ID: 0612133
    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
    County Road 2420, Wortham, TX 76693
    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!