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    Recreation Hunting Land with Creek System Title is generated by Realmo AI

    FM 197, Arthur City, TX 75411

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    Claim this Listing
    For Sale
    $597,000

    LAND - Other - Arthur City, TX

    Lot size:
    62.58 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for FM 197

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    404827
    Lot size
    62.58 Acres

    Utilities

    Water front features
    Creek

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cade Baxter

    Listing agent Cade Baxter License #0614965

    Listing office Mossy Oak Properties - Texas Land Brokerage & Advi Rockwall, TX

    Listing date Apr 16, 2026

    MLS# 21213727 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

    • Approx. 62.58 acres of rolling terrain bordering the Pat Mayes Wildlife Refuge (8,295 acres)
    • Waterfront feature: creek, with a road system winding through the meandering creek
    • Terrain includes about 25 ft elevation change with multiple build sites and mature trees
    • Extensive interior road system plus build site(s) and food plots for hunting and recreation
    • Utilities at road: electric and city water; water wells in area range 67'–175'
    • Access via paved FM road to a 50' deeded easement; only 19 miles to Paris, TX and about 105 miles from DFW

    Overview

    This 62.58-acre recreation and hunting property features rolling terrain with a meandering creek and extensive interior road system. The landscape includes mature trees, thick creek bottoms, and food plots designed to support local wildlife. Several build sites are available, and the property is positioned along the edge of the Pat Mayes Wildlife Refuge, offering a mix of elevation changes and natural cover.

    Access is provided via a paved FM road to a 50' deeded easement. Electric and city water are available at the road, with water wells in the surrounding area ranging from roughly 67' to 175'. The property sits in the Red River Basin and Post Oak Savannah Ecoregion, with an annual rainfall of about 45 inches. Local recreation proximity includes Pat Mayes Lake boat ramp approximately 8 miles away, while Paris is about 19 miles from the property.

    With no current leases in place and fencing listed as none, this offering is best suited for buyers looking to operate an on-site hunting and recreation program. The combination of food plots, mature timber, creek bottoms, and build-ready areas supports long-term use for whitetail and other game, including turkeys and hogs, based on the wildlife noted for the property.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Arthur City
    County
    Lamar
    State
    Texas
    Longitude
    -95.4526
    Latitude
    33.8491

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    FAQs

    What type of property is this?
    Hunting land - Rolling hunting and recreation property with interior roads, build sites, and food plots, bordering a wildlife refuge.
    Where is this hunting land located?
    The property is located at FM 197 Arthur City, TX.
    What is the asking price?
    The asking price for this property is $597,000.
    What are key features of this property?
    This property features: Approx. 62.58 acres of rolling terrain bordering the Pat Mayes Wildlife Refuge (8,295 acres); Waterfront feature: creek, with a road system winding through the meandering creek; Terrain includes about 25 ft elevation change with multiple build sites and mature trees
    (972) 816-4738
    We can help!
    Listing Contact
    Cade Baxter
    Real Estate License ID: 0614965
    Learn More
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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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