Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    23.95 Acres in Rising Star Title is generated by Realmo AI

    Tbd Hwy 183 N West Side, Rising Star, TX 76471

    View on Map
    Claim this Listing
    New
    For Sale
    $180,310

    Unimproved Land - Rising Star, TX

    Type:Unimproved Land
    Lot size:
    23.95 Acres
    Added:
    May 31, 2026
    Days on Market:
    1
    Last Refresh:
    May 31 at 11:06 pm

    Property Features for Tbd Hwy 183 N West Side

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000020002071
    Lot size
    23.95 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ray Conner

    Listing agent Ray Conner License #0701457

    Listing office UCRE - Tx Home and Ranches RE 1010 Old Brock Rd, Weatherford, TX

    Listing date May 31, 2026

    MLS# 21286020 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

    • Priced below Brown County Appraisal District assessed value, offering an outstanding investment opportunity.
    • 23.95 acres of level, productive land suitable for farming, livestock, or residential development.
    • Excellent access with county road frontage on two sides and convenient proximity to US Highway 183 North.
    • Electricity readily available and water wells common in the area, simplifying utility access.
    • Currently utilized for agricultural wheat production, providing immediate use and potential income.
    • Wide‑open views and ample space to build, ideal for a peaceful rural lifestyle.

    Overview

    This 23.95-acre tract is located at 23065 County Road 438 in Rising Star, Texas, just off US Highway 183 North. Currently utilized for agricultural wheat production, the property features county road frontage on two sides, providing excellent access. The land is level and productive, making it suitable for continued farming, livestock, or development into a homesite. Electricity is readily available, and water wells are common in the area, facilitating utility access for future improvements. The property offers open views and space for building. The property is priced below the current Brown County Appraisal District assessed value.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Rising Star
    County
    Eastland
    State
    Texas
    Longitude
    -98.9907
    Latitude
    32.17

    Nearby Similar for Sale

    • $2,471,264

      Historic Ranch with Development Potential

      504.36-acre ranch, first time on the market in over a century.
      1217 HWY 2731, Rising Star, TX 76471
      View Details
    • $583,000

      Rising Star Ranch with Acreage

      29.8-acre ranch property with home, barn, and equestrian facilities.
      1595 CR 131, Rising Star, TX 76471
      View Details
    • $579,600

      Unimproved Land Near Rising Star

      109.36 acres of hunting land in Eastland County, Texas.
      0000 County Road 380, Rising Star, TX 76471
      View Details
    • $325,000

      Unrestricted Land in Rising Star, TX

      42.9 acres of unrestricted land with endless possibilities.
      807 County Road 215, Rising Star, TX 76471
      View Details
    • $1,200,000

      Cattle Ranch Business Opportunity

      117-acre cattle grow yard ready for operation.
      246 County Road 560, Rising Star, TX 76471
      View Details
    • $603,000

      Texas Ranch with Cultivation Acreage

      134+ acre Texas ranch featuring cultivation and wooded areas.
      Tbd County Road 428, Rising Star, TX 76471
      View Details
    • $109,000

      Mixed-Use Property with Development Potential

      Versatile property with retail, restaurant, shop, and workspace possibilities.
      200 E College Street, Rising Star, TX 76471
      View Details
    • $636,500

      Diverse 95-Acre Texas Ranch

      Versatile 95-acre ranch ideal for hunting, livestock, recreation, or building.
      Tbd County Road 225, Rising Star, TX 76471
      View Details
    • $250,000

      Texas Land with Ranching Potential

      22-acre property near Rising Star, TX, ideal for ranching.
      912 Highway 36 W, Rising Star, TX 76471
      View Details
    • $85,000
      698 SF

      7.74 Acres in Rising Star

      7.74 acres with storage barn near Rising Star, TX.
      1757 County Road 252, Rising Star, TX 76471
      View Details
    • $30,000

      Large Lot in Rising Star

      Oversized 0.89 acre lot with mature pecan trees.
      108 S Brewster Street, Rising Star, TX 76471
      View Details
    • $4,000,000

      Texas Ranch and Hunting Land

      343 acres of hunting and ranch land in Texas.
      Tbd County Road 436, Rising Star, TX 76471
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Agricultural land suitable for farming, livestock, or homesite development.
    Where is this agricultural land / farmland located?
    The property is located at Tbd Hwy 183 N West Side Rising Star, TX.
    What is the asking price?
    The asking price for this property is $180,310.
    What are key features of this property?
    This property features: Priced below Brown County Appraisal District assessed value, offering an outstanding investment opportunity.; 23.95 acres of level, productive land suitable for farming, livestock, or residential development.; Excellent access with county road frontage on two sides and convenient proximity to US Highway 183 North.
    (682) 294-1077
    We can help!
    Listing Contact
    Ray Conner
    Real Estate License ID: 0701457
    Learn More
    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
    Tbd Hwy 183 N West Side, Rising Star, TX 76471
    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!