Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2324 Farm To Market Rd Emory, TX 75472

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2324 Farm To Market Rd

    Property type
    Land

    Description

    This exceptional 17.778-acre commercial land parcel presents a unique investment opportunity in Rains County, Texas. Located on Farm to Market Road 2324 in East Tawakoni, this property boasts a desirable location near the recreational amenities of Lake Tawakoni. The expansive acreage offers significant potential for a variety of commercial developments, catering to the needs of a growing community. The property's address is precisely identified as FM 2324 in East Tawakoni, TX, zip code 75472, providing easy access and visibility. With its convenient location and substantial size, this land is ideally suited for entrepreneurs and investors seeking to establish a thriving business venture in a picturesque setting. The property is being offered for sale by owner at an asking price of $799,000. Detailed geographic coordinates are available upon request (latitude: 32.838087, longitude: -95.830535). This is a remarkable opportunity to acquire a significant piece of commercial real estate in a rapidly developing area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Emory
    County
    Rains
    State
    Texas
    Longitude
    -95.8305
    Latitude
    32.8381

    Comparable in this City

    • Value Estimation by Request
      20.26 Acres

      4330 Co Rd

      Farms • 20.26 Acres
      4330 Co Rd, Point, TX 75472
      View Details
    • Value Estimation by Request
      14.00 Acres

      1380 Rs County Road 4480

      Farms • 14.00 Acres
      1380 Rs County Road 4480, Point, TX 75472
      View Details
    • Value Estimation by Request
      8,420 SF

      Hwy 276

      COMMERCIAL (GENERAL) • 8,420 SF
      Hwy 276, East Tawakoni, TX 75472
      View Details
    • Value Estimation by Request
      1,612 SF

      170 1st St

      COMMERCIAL (GENERAL) • 1,612 SF
      170 1st St, Point, TX 75472
      View Details
    • Value Estimation by Request
      4,400 SF

      180 1st St

      COMMERCIAL (GENERAL) • 4,400 SF
      180 1st St, Point, TX 75472
      View Details
    • Value Estimation by Request
      2,496 SF

      217 2nd St

      COMMERCIAL (GENERAL) • 2,496 SF
      217 2nd St, Point, TX 75472
      View Details

    Similar Nearby for Sale

    • $2,600,000
      52.00 Acres

      Waterfront Land in Point, Texas

      52-acre waterfront property with development potential in East Tawakoni.
      Tbd County Rd 1540, Point, TX 75472
      View Details
    • $250,000
      10.76 Acres

      East Tawakoni Land For Sale

      10.76 acres of land near Lake Tawakoni and Lake Fork.
      Tbd Fm 513, East Tawakoni, TX 75472
      View Details
    • $517,300

      Lake Tawakoni Waterfront Lot Available

      Lakefront lot with public water access on Lake Tawakoni.
      1401 Rs County Road 1530, Point, TX 75472
      View Details
    • $100,000
      5.00 Acres

      Secluded Acreage Near Lake Fork

      5 acres near Lake Fork, Texas, with utilities in place.
      230 Rs County Road 4252, Point, TX 75472
      View Details
    • $246,000
      10.01 Acres

      East Tawakoni Land For Sale

      10.01 acres in Rains County, ideal for custom home.
      Tbd Fm 513, East Tawakoni, TX 75472
      View Details
    • $700,000
      17.78 Acres

      Rains County Unimproved Land Parcel

      17.778 acres of land near Lake Tawakoni.
      6345 Fm 2324, Point, TX 75472
      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.
    2324 Farm To Market Rd
    Emory, TX 75472
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!