Sign Up Successful!
You now have access to more from Realmo!
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

    348 Era Callisburg, TX 76238

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

    Current Use by Public Records

    • Land

    Property Details for 348 Era

    Lot size
    78.45 lot acres
    Property type
    Land

    Description

    This exceptional 78.45-acre commercial land parcel presents a unique investment opportunity in Era, Texas, within the highly-regarded Era Independent School District. Located on a paved road at TBD CR 348, this expansive tract offers unparalleled versatility. Ideal for a variety of uses, including agricultural ventures, large-scale development projects, or as a tranquil private retreat. The property's substantial size allows for ample space for livestock, crops, or the construction of significant structures. Its location in Cooke County, Texas, provides convenient access to local amenities while maintaining a peaceful, rural atmosphere. The property's zoning and potential uses should be independently verified by the prospective buyer. This is a rare chance to acquire a significant land holding in a desirable Texas location, offering substantial potential for future growth and return on investment. The asking price for this remarkable property is $1,490,550. The property's address is listed as TBD CR 348 Era, TX 76238. Coordinates are 33.4953886 latitude and -97.288073 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Callisburg
    County
    Cooke
    State
    Texas
    Longitude
    -97.2881
    Latitude
    33.4954

    Comparable in this City

    • Value Estimation
      $225,000
      3,600 SF

      101 Bolivar Rd

      COMMERCIAL (GENERAL) • 3,600 SF
      101 Bolivar Rd, Era, TX 76238-2409
      View Details
    • Value Estimation
      $270,000
      816 SF

      7019 Fm 922

      COMMERCIAL (GENERAL) • 816 SF
      7019 Fm 922, Era, TX 76238
      View Details
    • Value Estimation by Request
      0.85 Acres

      Fm 922

      VACANT COMMERCIAL LAND • 0.85 Acres
      Fm 922, Era, TX 76238
      View Details
    • Value Estimation
      $265,000
      1.00 Acre

      7210 Fm 922

      COMMERCIAL (GENERAL) • 1.00 Acre
      7210 Fm 922, Era, TX 76238-2042
      View Details
    • Value Estimation
      $270,000
      2,298 SF

      7037 Fm 922

      COMMERCIAL (GENERAL) • 2,298 SF
      7037 Fm 922, Era, TX 76238
      View Details
    • Value Estimation
      $335,000
      3,899 SF

      Ww Fm 922

      COMMERCIAL (GENERAL) • 3,899 SF
      Ww Fm 922, Era, TX 76238
      View Details

    Similar Nearby for Sale

    • $2,300,000
      115.27 Acres

      Cooke County Ranch with Mineral Rights

      115-acre ranch in Era, TX with mineral rights.
      000 County Rd 366, Era, TX 76238
      View Details
    • $150,000
      2.00 Acres

      Land for Dream Home in Era

      2-acre lot in Era, TX, ready for your dream home.
      2 Villa Ct, Era, TX 76238
      View Details
    • $770,000
      22.17 Acres

      Era, Texas Unimproved Land Parcel

      22-acre parcel near Lake Ray Roberts, suitable for country living.
      2209 County Road 332, Era, TX 76238
      View Details
    • $150,000
      2.00 Acres

      Land in Villa Estates, Era

      2-acre lot in Era, TX, ready for your dream home.
      7 Villa Ct, Era, TX 76238
      View Details
    • $215,000
      2.82 Acres

      Land in Villa Estates, Era

      Unimproved land in Era, Texas, ready for your dream home.
      6 Villa Ct, Era, TX 76238
      View Details
    • $150,000
      2.00 Acres

      Land in Villa Estates, Era

      2-acre lot in Era, TX, ready for your dream home.
      3 Villa Ct, Era, TX 76238
      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.
    348 Era
    Callisburg, TX 76238
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.