Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Fm 934 Itasca, TX 76055
    Back to Search
    Property profile & analytics

    Tbd Fm 934, Itasca, TX 76055

    View on Map
    • Land
    • 52.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Fm 934

    Lot size
    52.48 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 52.48-acre ranch, located in Itasca, Texas, presents a unique investment opportunity. Situated at the headwaters of Richland Creek and boasting convenient access to FM 934 and I-35W, this property offers the best of both worlds: tranquil countryside living with easy access to urban amenities. Less than 15 minutes from Hillsboro, under 45 minutes from Waco or Fort Worth, and within an hour of Dallas, the location is unparalleled. The land is primarily open pasture, perfect for livestock or agricultural pursuits, and benefits from an existing agricultural exemption. Currently leased for cattle grazing, the property features well-maintained perimeter fencing. With no known restrictions on use, Richland Creek Ranch provides flexibility for various purposes, including future development, continued agricultural operations, or recreational activities. The expansive native prairie, dotted with mature mesquite trees, offers ample space for grazing, horseback riding, or simply enjoying the peaceful Texas landscape. The property's APN is 118757. The asking price is $747,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    Hill
    State
    Texas
    Longitude
    -97.0948
    Latitude
    32.1671

    Comparable in this City

    • Value Estimation by Request
      32.03 Acres

      1145B Hill County Road 1458

      Farms
      1145B Hill County Road 1458, Itasca, TX 76055
      View Details
    • Value Estimation by Request
      109.93 Acres

      1145 Hill County Road 1458

      Farms
      1145 Hill County Road 1458, Itasca, TX 76055
      View Details
    • Value Estimation by Request
      78.00 Acres

      1145A Hill County Road 1458

      Land
      1145A Hill County Road 1458, Itasca, TX 76055
      View Details
    • Value Estimation by Request
      4.06 Acres

      35 Longview Crk Trl

      Land
      35 Longview Crk Trl, Itasca, TX 76055
      View Details
    • Value Estimation by Request
      0.24 Acres

      324 Hl St

      VACANT COMMERCIAL LAND
      324 Hl St, Itasca, TX 76055-2521
      View Details
    • Value Estimation by Request
      1.01 Acres

      35th Frontage

      VACANT COMMERCIAL LAND
      35th Frontage, Itasca, TX 76055
      View Details

    Similar Nearby for Sale

    • $4,250,000
      406.00 Acres

      406 Acres of Rolling Hills

      Unimproved land with tanks, lake, fencing, and rolling terrain.
      517 County Rd 1364, Itasca, TX 76055
      View Details
    • $250,000
      4.00 Acres

      Unimproved Land in Itasca, TX

      4-acre unimproved land offers quiet Texas country living.
      10 Hcr 4434, Itasca, TX 76055
      View Details
    • $49,900
      0.17 Acres

      Residential Lot in Itasca, TX

      Cleared residential lot ready for development near downtown Itasca.
      605 E Adams St, Itasca, TX 76055
      View Details
    • New
      $515,000
      31.00 Acres

      Highway Frontage Land with Pond

      31 acres with highway frontage, pond, ready for development.
      2848 St Hwy 81, Itasca, TX 76055
      View Details
    • $1,200,000
      44.88 Acres

      Texas Land with Development Potential

      44.888 acres in Itasca, TX, ideal for various uses.
      1364 Hcr-1369, Itasca, TX 76055
      View Details
    • $63,000
      2.00 Acres

      Residential Land in Private Community

      Land for dream home in a secure, exclusive neighborhood.
      22 Longview Crk Trl, Itasca, TX 76055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Renovated Flex Space in Itasca

      11,000 SF flex space on 4 acres in Itasca.
      1201 E Main St, Itasca, TX 76055
      View Details
    • Contact for pricing
      3,236 SF

      Versatile Commercial Building in Itasca

      Adaptable commercial building in downtown Itasca, ready for various ventures.
      118 W Monroe St, Itasca, TX 76055
      View Details
    • $1,900 /Mo
      24,394 SF

      Versatile Commercial Building in Itasca

      Metal commercial building suitable for retail, daycare, office, or salon.
      118 W Monroe St, Itasca, TX 76055
      View Details
    • $950 /Mo
      3,485 SF

      Downtown Itasca Flex Rental

      Flex rental in downtown Itasca with living quarters.
      103 W Main St, Itasca, TX 76055
      View Details
    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.
    Tbd Fm 934
    Itasca, TX 76055
    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 Fm 934, Itasca, TX, 76055
    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!