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    11879 Fm 838 Overton, TX 75684
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    Property profile & analytics

    11879 Fm 838, Overton, TX 75684

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    • Commercial real estate
    • 69.00 lot acres
    Off-Market
    Property ID
    US82-5779199
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11879 Fm 838

    Lot size
    69.00 lot acres
    Property type
    Commercial real estate
    APN
    40062 55965

    Description

    This exceptional 69-acre property in Rusk County, Texas, presents a unique opportunity for those seeking a tranquil country lifestyle. Located near Overton, approximately two hours east of Dallas, this picturesque ranch boasts a stunning 3,219 square-foot, four-bedroom, 3.5-bathroom home with a four-car garage and a backup propane generator. The home sits atop a hill, offering panoramic views of the expansive pastures and two stocked ponds, complete with private docks. A live creek feeds into the larger pond, with an additional site available for pond expansion. The property also includes a well-equipped party barn and a second barn with water and electricity. A rustic home with existing utility connections on the east side of the ranch offers potential for renovation and versatile use. The property is unzoned and features a quarter-mile scenic driveway, a white pipe fence, and is ideal for cattle farming, hunting, fishing, and recreational activities. The APN is 40062 55965. This move-in ready ranch offers a blend of comfortable living and diverse recreational opportunities in the beautiful East Texas Piney Woods. Asking price is $995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Overton
    County
    Rusk
    State
    Texas
    Longitude
    -94.9688
    Latitude
    32.228675

    Comparable in this City

    • $685,000
      67.74 Acres

      Hunting and Livestock Land

      Ag-exempt acreage with pasture, scattered timber, cross-fencing, two homes, and a barn with roll-up doors.
      2895 County Road 118, Overton, TX 75684
      View Details
    • $149,900
      10.10 Acres

      Fenced Hay & Pasture Land with Metal Building

      Versatile 10-acre property set up for hay production and animals, with road frontage and a metal building for added utility.
      10864 W State Highway 64, Overton, TX 75684
      View Details
    • $440,000
      1,395,139 SF

      Rusk County Ranchette For Sale

      32 acres in Overton, Texas, ideal for agricultural use.
      2162 County Road 174, Overton, TX 75684
      View Details
    • $325,000

      20 Acres of Rural Retreat

      20-acre property ideal for hunting, getaways, or full-time living.
      22888 County Road 244, Overton, TX 75684
      View Details
    • Contact for pricing

      59.909 Acres with Creeks/Ponds

      Land with creeks, ponds, wells, and mixed cleared/wooded acreage.
      24034 County Road 244, Overton, TX 75684
      View Details
    • Contact for pricing

      Overton, TX Pristine Land

      230 acres of land near Tyler and Kilgore, TX.
      24927 County Road 244, Overton, TX 75684
      View Details

    Similar Nearby for Sale

    • $685,000
      67.74 Acres

      Hunting and Livestock Land

      Ag-exempt acreage with pasture, scattered timber, cross-fencing, two homes, and a barn with roll-up doors.
      2895 County Road 118, Overton, TX 75684
      View Details
    • $149,900
      10.10 Acres

      Fenced Hay & Pasture Land with Metal Building

      Versatile 10-acre property set up for hay production and animals, with road frontage and a metal building for added utility.
      10864 W State Highway 64, Overton, TX 75684
      View Details
    • $440,000
      1,395,139 SF

      Rusk County Ranchette For Sale

      32 acres in Overton, Texas, ideal for agricultural use.
      2162 County Road 174, Overton, TX 75684
      View Details
    • $325,000

      20 Acres of Rural Retreat

      20-acre property ideal for hunting, getaways, or full-time living.
      22888 County Road 244, Overton, TX 75684
      View Details
    • Contact for pricing

      59.909 Acres with Creeks/Ponds

      Land with creeks, ponds, wells, and mixed cleared/wooded acreage.
      24034 County Road 244, Overton, TX 75684
      View Details
    • Contact for pricing

      Overton, TX Pristine Land

      230 acres of land near Tyler and Kilgore, TX.
      24927 County Road 244, Overton, TX 75684
      View Details
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    Overton, TX 75684
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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.

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