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    Ranch Land with Two Ponds Title is generated by Realmo AI

    FM 1653, Ben Wheeler, TX 75754

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    Claim this Listing
    For Sale
    $695,000

    LAND - Ben Wheeler, TX

    Lot size:
    46.00 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    198
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for FM 1653

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    46.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    112

    We can help!

    Listing Contact
    Mimi Burch

    Listing agent Mimi Burch License #0620107

    Listing office Staples Sotheby's International Realty 2344 Dueling Oaks, Frankston, TX

    Listing date Nov 17, 2025

    MLS# 25016708 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 46‑acre ranch tract in Martin's Mill ISD, suited for building and livestock use
    • Two ponds on the property, with options for cattle grazing and water access
    • High fencing on two sides, with barbed‑wire fencing along road frontage and partial fencing on the south side
    • Cross‑fencing potential, including a pond on each part when subdividing for grazing
    • Ag exemptions currently in place
    • Slight elevation noted for a potential homesite overlooking one of the ponds

    Overview

    This ranch land offering is suited for both livestock and residential use, with two ponds on the property and a slight elevation that could support a homesite with views over one of the ponds. The tract includes fencing features intended to support day-to-day ranch operations, including high fencing on two sides and additional boundary fencing along portions of the property. The layout also lends itself to dividing into multiple areas, with the ability to cross-fence so that a pond can be used as part of each section. Ag exemptions are currently in place, and the property can also be used for hay production.

    The land is located on FM 1653 near Ben Wheeler, in Martin's Mill ISD. It is positioned within about 25 minutes of Tyler and roughly an hour from Dallas, while also being close to Canton and Ben Wheeler.

    For tenants, buyers, or operators looking for ranch-style acreage with existing water sources and established fencing, this tract supports cattle or horses and can accommodate a grazing approach that uses the ponds as water resources. The current fencing configuration and the ability to cross-fence may simplify early operational setup, whether the end use is grazing management or hay production under the existing agricultural exemptions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Ben Wheeler
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.766691
    Latitude
    32.486137

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    FAQs

    What type of property is this?
    Ranch - Ranch acreage in Martin's Mill ISD with two ponds, fencing in place, and ag exemptions for cattle grazing or hay production.
    Where is this ranch located?
    The property is located at FM 1653 Ben Wheeler, TX.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 46‑acre ranch tract in Martin's Mill ISD, suited for building and livestock use; Two ponds on the property, with options for cattle grazing and water access; High fencing on two sides, with barbed‑wire fencing along road frontage and partial fencing on the south side
    (903) 876-1051
    We can help!
    Listing Contact
    Mimi Burch
    Real Estate License ID: 0620107
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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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