Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Coastal Field Farmland Tract Title is generated by Realmo AI

    Tolar Highway, Tolar, TX 76457

    View on Map
    Claim this Listing
    For Sale
    $750,000

    LAND - Tolar, TX

    Lot size:
    26.97 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    99
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for Tolar Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R41933
    Lot size
    26.97 Acres

    We can help!

    Listing Contact
    Nikki Light

    Listing agent Nikki Light License #0705405

    Listing office Light Realty Stephenville, TX

    Listing date Feb 25, 2026

    MLS# 21188693 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

    • 26.974‑acre coastal field tract in Tolar.
    • Open, wide‑open landscape suitable for building and development.
    • Includes established coastal field with agricultural and grazing potential.
    • Located in a quiet area with access to town amenities, schools, and dining within a short drive.

    Overview

    This is a versatile farmland tract featuring an established coastal field over a wide-open landscape, offering a blank canvas for development and agricultural use. The property is suited for a variety of concepts, including a custom home, barndominium, small ranch, or a weekend retreat where space and privacy are priorities.

    Located on Tolar Highway in Hood County, the setting balances quiet country living with convenient access to nearby town amenities, schools, and dining. The expansive, open views and low-key surroundings provide an opportunity to build with a sense of separation while still staying connected to everyday services.

    For buyers seeking land with flexible use, the coastal field supports grazing opportunities and can be part of a small ranch operation, while the overall layout lends itself to residential development. This tract is also a strong fit for investors or land users looking for a productive, agriculture-oriented parcel that can accommodate future plans without being constrained by existing improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tolar
    County
    Hood
    State
    Texas
    Longitude
    -97.9548508
    Latitude
    32.4228662

    Nearby Similar for Sale

    • $500,000

      Corner Restaurant Building with Flexible Layout

      Previously configured for restaurant use at a visible corner location, ideal for a cafe, bar, or event venue.
      8718 W US Highway 377, Tolar, TX 76476
      View Details
    • $399,000

      Wooded Ranch Land with Ponds

      Wooded 22-acre tract with two ponds, water, and active ag exemption, ideal for a custom home or private retreat.
      2801 Wind Point Court, Tolar, TX 76476
      View Details
    • $545,000

      Raw Land Tract for Homesites

      Nearly 19 acres of versatile raw land with scenic open space and build-ready potential in the Tolar ISD area.
      500 W 7th Street, Tolar, TX 76476
      View Details
    • $1,475,000
      2,905 SF

      Texas Ranch with Equestrian Facilities

      Ag-exempt property featuring a custom home, barn, and arena.
      4525 Tolar Highway, Tolar, TX 76476
      View Details
    • $119,900

      Restricted Residential Land Tract

      Build a custom home with flexible options for a shop or mother-in-law home in a restricted, well-regarded community.
      1924 Coleman Ranch Road, Tolar, TX 76476
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - A wide-open coastal field tract with room to build and practical agricultural potential near town amenities.
    Where is this agricultural land / farmland located?
    The property is located at Tolar Highway Tolar, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 26.974‑acre coastal field tract in Tolar.; Open, wide‑open landscape suitable for building and development.; Includes established coastal field with agricultural and grazing potential.
    (817) 964-7559
    We can help!
    Listing Contact
    Nikki Light
    Real Estate License ID: 0705405
    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
    Tolar Highway, Tolar, TX 76457
    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!