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    2035 Fm 1566 Celeste, TX 75423
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    Property profile & analytics

    2035 Fm 1566, Celeste, TX 75423

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    • Mobile home & RV parks
    • 2,048 SF
    • 23.27 lot acres
    Off-Market
    Property ID
    US82-4808606
    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

    • Mobile home & RV parks

    Property Details for 2035 Fm 1566

    Year built
    2002
    Lot size
    23.27 lot acres
    Property type
    Mobile home & RV parks

    Description

    This exceptional 23.27-acre property in Celeste, Texas (75423), offers a unique blend of country living and potential. The property includes a 2,048 sq ft, single-story, three-building complex built in 2002, featuring a doublewide mobile home with an open-concept kitchen, dining, and living area, split bedrooms, a flex room/office, and a large utility room. Outdoor amenities are abundant, including a fenced area ideal for livestock, a seasonal pond, a substantial 30x24 detached shop with covered RV/boat parking, and a 24x12 two-story storage shed. The property is zoned SFR (Single Family Residential) and presents numerous possibilities, from hobby farming to simply enjoying the peace and quiet of rural Texas. Note that an adjacent 1.7 acres (currently undergoing county replatting) is not included in the 23.27 acres but may be available for separate purchase. The property is conveniently located near FM roads, new residential developments, and highly-rated schools. This owner-user investment opportunity is priced at $729,900.

    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
    Celeste
    County
    Hunt
    State
    Texas
    Longitude
    -96.2163597
    Latitude
    33.3055312

    Comparable in this City

    • $699,000
      Pending

      Farming And Multi-Home Acreage With Pond

      Fertile, AG-exempt acreage with a spring-fed pond, two move-in ready homes, and a large workshop for flexible living or farming.
      7143 County Road 1050, Celeste, TX 75423
      View Details
    • $223,300
      442,134 SF

      Spacious Land with Open Views

      Expansive land parcel with utilities, ideal for homesteading.
      1015 Fm 272, Celeste, TX 75423
      View Details
    • $843,600
      70.30 Acres

      Ranch Land with Pond and Building

      Ranch-style acreage with an 8-acre pond, fenced entry, and a metal building suited for storage or a future workshop.
      3679 County Road 1089, Celeste, TX 75423
      View Details
    • $429,500
      Pending

      Gently Rolling Pasture and Hardwood Tract

      A versatile East Texas acreage with pasture, scattered hardwoods, and multiple potential building sites for a ranchette or hobby ranch.
      Fm 903 Hwy, Celeste, TX 75423
      View Details
    • $159,000
      3.30 Acres

      Wooded Residential Acreage with Utilities

      3.3-acre homesite offers privacy under mature trees, with water and electricity set to be installed at the front.
      3136 County Road 1076, Celeste, TX 75423
      View Details
    • $2,780,000
      231.65 Acres

      Hunting and Ranch Land Opportunity

      A legacy ranch with lakes, improved pasture, and working ranch improvements positioned for recreation or future development.
      2301 Private Road 1179, Celeste, TX 75423
      View Details

    Similar Nearby for Sale

    • $699,000
      Pending

      Farming And Multi-Home Acreage With Pond

      Fertile, AG-exempt acreage with a spring-fed pond, two move-in ready homes, and a large workshop for flexible living or farming.
      7143 County Road 1050, Celeste, TX 75423
      View Details
    • $223,300
      442,134 SF

      Spacious Land with Open Views

      Expansive land parcel with utilities, ideal for homesteading.
      1015 Fm 272, Celeste, TX 75423
      View Details
    • $429,500
      Pending

      Gently Rolling Pasture and Hardwood Tract

      A versatile East Texas acreage with pasture, scattered hardwoods, and multiple potential building sites for a ranchette or hobby ranch.
      Fm 903 Hwy, Celeste, TX 75423
      View Details
    • $843,600
      70.30 Acres

      Ranch Land with Pond and Building

      Ranch-style acreage with an 8-acre pond, fenced entry, and a metal building suited for storage or a future workshop.
      3679 County Road 1089, Celeste, TX 75423
      View Details
    • $159,000
      3.30 Acres

      Wooded Residential Acreage with Utilities

      3.3-acre homesite offers privacy under mature trees, with water and electricity set to be installed at the front.
      3136 County Road 1076, Celeste, TX 75423
      View Details
    • $2,780,000
      231.65 Acres

      Hunting and Ranch Land Opportunity

      A legacy ranch with lakes, improved pasture, and working ranch improvements positioned for recreation or future development.
      2301 Private Road 1179, Celeste, TX 75423
      View Details
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    Celeste, TX 75423
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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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