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    Property profile & analytics

    County Road 2115 Hughes Springs, TX 75656

    • Land
    • 146.60 lot acres
    For Sale
    View listing
    $513,100
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 County Road 2115

    Lot size
    146.60 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 146.6-acre tract in Cass County, Texas, presents a unique investment opportunity. Located on County Road 2115 near Hughes Springs (zip code 75656), this property boasts paved road frontage and an existing internal road system, providing convenient access throughout. The land is classified as agricultural, hunting/recreational, ranch, and timber, offering diverse potential uses. The asking price is $513,100, translating to $4,000 per acre. The property features a mix of raw, wooded acreage ideal for developing a homesite or pursuing various recreational activities. It's suitable for horses, mobile homes, and is unrestricted, making it highly versatile. Note that oil and gas minerals have been reserved by prior owners

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hughes Springs
    County
    Cass
    State
    Texas
    Longitude
    -94.6636
    Latitude
    33.0234

    Comparable in this City

    • Value Estimation
      $260,000
      15.76 Acres

      601 Fm 161st S

      INDUSTRIAL (GENERAL) • 15.76 Acres
      601 Fm 161st S, Hughes Springs, TX 75656-6989
      View Details
    • Value Estimation
      $275,000
      1,448 SF

      213 Pecan St

      COMMERCIAL (GENERAL) • 1,448 SF
      213 Pecan St, Hughes Springs, TX 75656
      View Details
    • Value Estimation
      $235,000
      1,600 SF

      804 Carver St

      COMMERCIAL (GENERAL) • 1,600 SF
      804 Carver St, Hughes Springs, TX 75656
      View Details
    • Value Estimation
      $235,000
      4,240 SF

      Pne St

      COMMERCIAL (GENERAL) • 4,240 SF
      Pne St, Hughes Springs, TX 75656
      View Details
    • Value Estimation
      $250,000
      3,465 SF

      1st St

      COMMERCIAL (GENERAL) • 3,465 SF
      1st St, Hughes Springs, TX 75656
      View Details
    • Value Estimation
      $270,000
      2,025 SF

      209 1st

      COMMERCIAL (GENERAL) • 2,025 SF
      209 1st, Hughes Springs, TX 75656-3710
      View Details

    Similar Nearby for Sale

    • $513,100
      146.60 Acres

      146 Acres Cass County Ranch Land

      Prime Texas hunting & timber acreage. Excellent investment opportunity.
      0 County Road 2115, Hughes Springs, TX 75656
      View Details
    • $705,810
      201.00 Acres

      Timberland and Wildlife Habitat

      201.66-acre tract with timberland, wildlife habitat, and income potential.
      County Road 2912, Hughes Springs, TX 75656
      View Details
    • $900,000
      9.95 Acres

      Hughes Springs Poultry Farm

      Active poultry farm with cash flow and updated facilities.
      737 County Road 2855, Hughes Springs, TX 75656
      View Details
    • $513,100
      146.00 Acres

      Hughes Springs Ranch Land Available

      146 acre ranch property in Hughes Springs, Texas for sale.
      000 Cr 2115, Hughes Springs, TX 75656
      View Details
    • $264,900
      26.09 Acres

      Scenic Acreage in Hughes Springs

      26.09 acres with pond, creek, and included fifth wheel.
      16465 Fm 130, Hughes Springs, TX 75656
      View Details
    • $75,500
      10.00 Acres

      Hughes Springs Raw Land Acreage

      10 acres of raw land with trees and wildlife.
      Tbd Cr 4114 #2, Hughes Springs, TX 75656
      View Details
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    County Road 2115
    Hughes Springs, TX 75656
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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.

    More about this property
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