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    Reasonably Priced Farm Tract Title is generated by Realmo AI

    FM 1739, Electra, TX 76360

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    Claim this Listing
    Pending
    $393,991

    LAND - Electra, TX

    Lot size:
    303.07 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    130
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for FM 1739

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    110016
    Lot size
    303.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    717

    We can help!

    Listing Contact
    Stephen Turner

    Listing agent Stephen Turner License #0660280

    Listing office Turner Country Properties Wichita Falls, TX

    Listing date Jan 23, 2026

    MLS# 20919052 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

    • Holbrook Farm: 303.07‑acre property northeast of Electra on FM 1739 and Midway Church Road
    • Land divided by FM 1739 with approx. 125 acres north side and 178 acres south side
    • Includes 166 acres of tillable farmland
    • Includes 137 acres native mesquite pasture
    • Six stock tanks; largest is 3.25 acres
    • Electricity available; no public water available; oil production on site; seller does not own any minerals

    Overview

    This property is a 303.07-acre farm tract known as Holbrook Farm, with land divided by FM 1739 into two parcels of approximately 125 acres on the north side and 178 acres on the south side. The ground consists of 166 acres of tillable farmland and 137 acres of native mesquite pasture, offering a mix of production and grazing potential. Improvements include six stock tanks, with the largest tank measuring approximately 3.25 acres. Electricity is available, while public water is not available.

    The farm is located northeast of Electra along FM 1739 and Midway Church Road. Oil production is currently on the property, and the seller does not own any minerals, which may be a key consideration for buyers evaluating long-term surface use. Prospective purchasers should also review how existing operations align with their intended farming or grazing plans.

    With a substantial block of tillable acreage and significant native pasture, this tract is well suited for agricultural buyers seeking diversified use in one location. The presence of multiple stock tanks supports livestock watering needs, while the electricity availability can help accommodate basic operational requirements. As mineral ownership is not held by the seller, buyers may want to confirm the impact of ongoing oil activity on surface operations and future plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Electra
    County
    Wichita
    State
    Texas
    Longitude
    -98.8863
    Latitude
    34.0512

    Nearby Similar for Sale

    • $5,187,000
      42,000 SF

      Retail Property in Electra, Texas

      Retail property available for sale in Electra, Texas.
      1119 N Bailey St, Electra, TX 76360
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - A split farm tract with tillable acreage, native mesquite pasture, and multiple stock tanks for cattle or grazing operations.
    Where is this agricultural land / farmland located?
    The property is located at FM 1739 Electra, TX.
    What is the asking price?
    The asking price for this property is $393,991.
    What are key features of this property?
    This property features: Holbrook Farm: 303.07‑acre property northeast of Electra on FM 1739 and Midway Church Road; Land divided by FM 1739 with approx. 125 acres north side and 178 acres south side; Includes 166 acres of tillable farmland
    (940) 696-9209
    We can help!
    Listing Contact
    Stephen Turner
    Real Estate License ID: 0660280
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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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