Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rural Land with Pond and Barn Title is generated by Realmo AI

    FM 1512, Jewett, TX 75846

    View on Map
    Claim this Listing
    For Sale
    $118,000

    LAND - Other - Jewett, TX

    Lot size:
    9.05 Acres
    Added:
    May 16, 2026
    Days on Market:
    21
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for FM 1512

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    608664
    Lot size
    9.05 Acres

    Taxes and HOA fees

    Tax Description
    M C REJON 9.052 ACRES

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Andee Barker
    Andee Barker

    Listing agent Andee Barker License #0661048

    Listing office Coldwell Banker Realty Flower Mound, TX

    Listing date May 16, 2026

    MLS# 21216197 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

    • 9.052 acres of land with open pasture and partially wooded areas
    • Scenic pond on‑site plus an older barn
    • Gated entrance with cattle guard
    • Gas pad at the rear of the property, accessible through an adjoining tract
    • Multiple potential building locations based on the terrain
    • Utilities available nearby

    Overview

    This 9.052-acre tract is suited for buyers looking for rural land with multiple options. The property offers open pasture mixed with partially wooded areas, along with a scenic pond and an older barn. Access is handled through a gated entrance with a cattle guard, and the terrain includes multiple potential building locations. A gas pad is located at the rear of the property and is accessible through an adjoining tract, helping keep that element separated from the main acreage.

    The site is located on FM 1512 in Jewett, Texas. Utilities are available nearby, supporting flexibility for a future homesite, while the combination of mature trees and open ground provides a practical balance for both privacy and usability.

    For ranch or recreational buyers, the open pasture and water feature provide an immediate foundation for outdoor use. For investors or future homeowners, the property’s mix of cleared space and wooded sections, paired with the ability to choose among multiple building areas, can support a small ranch setup or a country residence. The existing barn also adds value for storage and basic ranch needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Jewett
    County
    Leon
    State
    Texas
    Longitude
    -96.2732
    Latitude
    31.433032

    Nearby Similar for Sale

    • $1,750,000

      Waterfront Land with Extensive Frontage

      Partially cleared lakefront acreage with open water views, offering development, recreation, or private homesite potential.
      LCR 882, Jewett, TX 75846
      View Details
    • $399,000

      Lake Limestone Waterfront Land Opportunity

      1.7 acres with 380' frontage, pier, utilities ready.
      240 County Road 3674, Jewett, TX 77865
      View Details
    • $2,149,000
      2,100 SF

      200-Acre Ranch with Highway Frontage

      200-acre ranch featuring a home, barn, and abundant wildlife.
      7663 State Highway 7 W, Jewett, TX 75846
      View Details
    • $95,000

      2.47 Acres in Jewett, TX

      2.47 acres in a quiet country location.
      13701 County Road 349, Jewett, TX 75846
      View Details
    • $160,000

      Waterfront Cabin in Jewett, TX

      Waterfront cabin with utilities in Cedar Creek Estates.
      LCR 908, Jewett, TX 75846
      View Details
    • $60,000

      3 Acres with Pond in Jewett

      3 acres of land with pond near Lake Limestone.
      3 Acres LCR 864, Jewett, TX 75846
      View Details
    • $125,000

      Waterfront Lot with Cabin

      Waterfront lot with cabin, utilities, and lake view.
      274 LCR 911, Jewett, TX 75846
      View Details
    • $230,500

      Land For Sale Jewett, TX

      Land available near Jewett, TX, suitable for various purposes.
      501 Lcr 902, Jewett, TX 75846
      View Details
    • $60,000
      130,680 SF

      3 Acres with Pond in Jewett

      3 acres with pond, ideal for building or recreation.
      864 Lcr 864, Jewett, TX 75846
      View Details
    • $285,000

      Lake Limestone Waterfront Land

      1.5-acre waterfront property on Lake Limestone with additional land.
      1.5 CR 369, Jewett, TX 75846
      View Details
    • $129,900

      Land For Sale in Jewett

      Land available approximately 2.7 miles north of Jewett, Texas.
      8990 Fm 39, Jewett, TX 75846
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Gated ranch-style property with open pasture, a pond, and an older barn for recreational or future homesite use.
    Where is this agricultural land / farmland located?
    The property is located at FM 1512 Jewett, TX.
    What is the asking price?
    The asking price for this property is $118,000.
    What are key features of this property?
    This property features: 9.052 acres of land with open pasture and partially wooded areas; Scenic pond on‑site plus an older barn; Gated entrance with cattle guard
    (972) 691-7580
    We can help!
    Listing Contact
    Andee Barker
    Andee Barker
    Real Estate License ID: 0661048
    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
    FM 1512, Jewett, TX 75846
    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!