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    I-45 Us Highway 84 Fairfield, TX 75840

    • Land
    • 0.87 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for I-45 Us Highway 84

    Lot size
    0.87 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering totals approximately 30.7 acres, strategically located at the intersection of I-45 and US Highway 84 in Fairfield, Texas, Freestone County, zip code 75840. The property is zoned for commercial use and features multiple points of ingress and egress, along with cross-access to adjacent parcels. City of Fairfield utilities are available. The land is divisible into six separately priced parcels, ranging in size from 0.87 to 17.67 acres. Parcel 1 (approximately 3.1 acres) includes an 8,000 square foot building currently operating as a Metal Mart

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Freestone
    State
    Texas
    Longitude
    -96.1739
    Latitude
    31.7057

    Comparable in this City

    • Value Estimation by Request
      65.00 Acres

      443 Us Highway 84

      Land • 65.00 Acres
      443 Us Highway 84, Fairfield, TX 75840
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    • Value Estimation by Request
      34.00 Acres

      I-45 Hwy

      Land • 34.00 Acres
      I-45 Hwy, Fairfield, TX 75840
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    • Value Estimation by Request

      Us-84

      Land
      0 Us-84, Fairfield, TX 75840
      View Details
    • Value Estimation by Request
      25.00 Acres

      180 Co Rd

      Land • 25.00 Acres
      180 Co Rd, Fairfield, TX 75840
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    • Value Estimation by Request
      60.68 Acres

      Tbd Ih-45

      Farms • 60.68 Acres
      0 Tbd Ih-45, Fairfield, TX 75840
      View Details
    • Value Estimation
      $265,000
      0.25 Acres

      518 Commerce St

      COMMERCIAL (GENERAL) • 0.25 Acres
      518 Commerce St, Fairfield, TX 75840-1400
      View Details

    Similar Nearby for Sale

    • $8,500,000
      65.00 Acres

      Fairfield, TX Commercial Land

      65 Acres, Prime IH-45 Location
      443 Us Highway 84, Fairfield, TX 75840
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    • Contact for pricing
      0.87 Acres

      I-45 & US 84 Commercial Land

      ±30.7 Acres, divisible parcels, Fairfield, TX
      I-45 Us Highway 84, Fairfield, TX 75840
      View Details
    • Contact for pricing
      25.00 Acres

      Fairfield, TX Industrial Land

      Prime Industrial Land, I-45 Access
      180 Co Rd 946, Fairfield, TX 75840
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    • $168,750
      12.50 Acres

      Fairfield, TX Wooded Land

      12.5 acres of wooded land near Highway 84.
      12.5 Acres Us Hwy 84, Fairfield, TX 75840
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    • $275,000
      19.00 Acres

      Unimproved Land in Fairfield, Texas

      19 acres of unimproved land for sale in Fairfield, TX.
      Tbd Fcr 506, Fairfield, TX 75840
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    • $320,625

      23.75 Acres Wooded Land Fairfield

      Secluded 23.75 acre wooded property in Freestone County, near Fairfield.
      521 Fcr, Fairfield, TX 75840
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    Similar Nearby for Lease

    • $10 SF/Yr
      25,000 SF

      Fairfield Retail Space For Lease

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    • $10 SF/Yr
      5,020 SF

      Spacious Retail Space in Fairfield

      5,020 SF retail space on main street in Fairfield, TX.
      402-418 E Commerce St, Fairfield, TX 75840
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    I-45 Us Highway 84
    Fairfield, TX 75840
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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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