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    Agricultural Land with Creek & Tanks Title is generated by Realmo AI

    FM 568, Coleman, TX 76834

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    Claim this Listing
    For Sale
    $1,264,500

    LAND - Coleman, TX

    Lot size:
    281.70 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for FM 568

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush, Crops, Grassed, Wooded
    Standard status
    Active
    APN
    R11283
    Lot size
    281.70 Acres

    Taxes and HOA fees

    Tax Description
    A0198 WALTER FOSGATE SUR 487, ACRES 281.70
    Tax Annual Amount
    486

    We can help!

    Listing Contact
    Marsha Spinks

    Listing agent Marsha Spinks License #0633785

    Listing office Liveoak Land & Real Estate Coleman, TX

    Listing date Apr 16, 2026

    MLS# 21223428 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

    • Paved road frontage on F.M. 568 and additional frontage on C.R. 113
    • Approximately 4,000+/- feet of Watts Creek with two reliable holes of water
    • Three stock tanks for added surface water on the property
    • 50+/- acres of Rowena A soil noted for agricultural productivity
    • County water and electricity available for a potential home site, cabin, or recreational use

    Overview

    This large tract of land offers a strong mix of production and on-site water for grazing, wildlife, and general outdoor use. The property includes approximately 4,000+/- feet of Watts Creek, two reliable holes of water, and three stock tanks to support livestock and improve habitat value. Farm-ready potential is enhanced by 50+/- acres of premium Rowena A soil, noted for productivity and suitability for farming. County water and electricity are available, adding practicality for a home site, cabin, or recreational development.

    The property is located just six miles from Coleman with exceptional access. It features paved road frontage along F.M. 568, along with additional frontage on C.R. 113, giving convenient entry from two directions. This combination of water, soil quality, and multi-road frontage provides flexibility for buyers looking to balance agricultural activity with a use that benefits from outdoor amenities.

    With its water resources, grazing potential, and row-crop suitability, this is a compelling option for operators seeking productive acreage. It also fits buyers interested in a rural weekend retreat or private getaway, especially where development considerations include available county water and electricity. Investors and long-term owners may value the versatility of the land as a single acquisition that supports multiple future use scenarios.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Coleman
    County
    Coleman
    State
    Texas
    Longitude
    -99.33342727
    Latitude
    31.81208572

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Paved road frontage, creek water, and premium Rowena A soil make this acreage well-suited for farming or recreational use.
    Where is this agricultural land / farmland located?
    The property is located at FM 568 Coleman, TX.
    What is the asking price?
    The asking price for this property is $1,264,500.
    What are key features of this property?
    This property features: Paved road frontage on F.M. 568 and additional frontage on C.R. 113; Approximately 4,000+/- feet of Watts Creek with two reliable holes of water; Three stock tanks for added surface water on the property
    (325) 642-1999
    We can help!
    Listing Contact
    Marsha Spinks
    Real Estate License ID: 0633785
    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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