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    Recreational Land with Pond Title is generated by Realmo AI

    County Road 4767 lot Wp001, Sulphur Springs, TX 75482

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    Claim this Listing
    For Sale
    $186,360

    LAND - Other - Sulphur Springs, TX

    Lot size:
    15.53 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    75
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for County Road 4767 lot Wp001

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Grassed, Cleared, Brush
    Fencing
    Perimeter, Gate
    Standard status
    Active
    APN
    R000022959
    Lot size
    15.53 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 5.000 ABS: 1080 TR: 9 SUR: WATSON ZEPH
    Tax Annual Amount
    1287

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Corey Baumann

    Listing agent Corey Baumann License #0803877

    Listing office Whitetail Properties Real Estate Boerne, TX

    Listing date Mar 23, 2026

    MLS# 21215931 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

    • Approximately 485 ft of road frontage on a county‑maintained road with gated entrance and partial fencing
    • Property includes a pond for livestock water and potential fishing/recreation, with wildlife activity
    • Land mix of open pasture and hardwood timber, offering grazing/hay potential plus wooded cover
    • Electricity and water reported available along the road (buyer to verify service availability, capacity, and connection needs)
    • Location near Sulphur Springs, TX, about 15 minutes away, with access to TX 24 and Interstate 30
    • About 15 minutes to Cooper Lake State Park and Jim Chapman Lake for outdoor recreation (per applicable regulations)

    Overview

    This Hopkins County property offers a balanced mix of open pasture, hardwood timber, and surface water, creating flexibility for outdoor recreation and land-based use. The tract includes a pond that may serve as a livestock water source and can also support recreational fishing opportunities while attracting wildlife. Access is provided by a county-maintained road with approximately 485 feet of road frontage, along with a gated entrance and partial fencing. Electricity and water are reported to be available along the road; prospective buyers should independently verify availability, capacity, and connection requirements with utility providers.

    The land is located near Sulphur Springs, approximately 15 minutes away, providing convenient access to local retail, dining, and services. It also sits within about 15 minutes of Cooper Lake State Park and Jim Chapman Lake, offering additional nearby options for fishing, boating, and outdoor recreation in accordance with applicable regulations. Travel to surrounding areas is supported by access to TX 24 and Interstate 30. Buyers should confirm intended access, use, and any potential for multiple access points.

    For buyers seeking a tract that can support hunting, wildlife observation, agricultural activities, or a future homesite, this property provides natural cover and open areas in one location. All uses should be confirmed through buyer verification of zoning, permitting, utilities, and any applicable restrictions, as conditions and requirements may vary.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.615822
    Latitude
    33.26816

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    FAQs

    What type of property is this?
    Hunting land - A mixed pasture and timber tract with pond access and county-road frontage suited to recreation, wildlife, or agricultural use.
    Where is this hunting land located?
    The property is located at County Road 4767 lot Wp001 Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $186,360.
    What are key features of this property?
    This property features: Approximately 485 ft of road frontage on a county‑maintained road with gated entrance and partial fencing; Property includes a pond for livestock water and potential fishing/recreation, with wildlife activity; Land mix of open pasture and hardwood timber, offering grazing/hay potential plus wooded cover
    (830) 428-0096
    We can help!
    Listing Contact
    Corey Baumann
    Real Estate License ID: 0803877
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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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