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    4700 County Road 1040 Celeste, TX 75423
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    4700 County Road 1040, Celeste, TX 75423

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    • Commercial real estate
    • 51.00 lot acres
    For Sale
    $1,320,000
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    Celeste Ranch: 51 Acres For Sale
    $1,320,000

    Celeste Ranch: 51 Acres

    Untouched land, endless potential.

    4700 County Road 1040, Celeste, TX 75423
    View Listing
    Property ID
    US82-5235940
    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 4700 County Road 1040

    Lot size
    51.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 51-acre ranch and recreational property in Hunt County, Texas, presents a unique opportunity for diverse uses. Located at 4700 County Rd 1040, Celeste, TX 75423, this raw, undeveloped land offers a blank canvas for your vision. The property features gentle elevation changes and sandy clay soils, with a mix of sprigged Bermuda pasture and dense wildlife cover. Three established ponds and some older ranching improvements are already in place. The land is partially fenced and enjoys complete privacy thanks to existing perimeter foliage. Convenient paved road frontage provides easy access, with electricity and water readily available. Nearby properties are undergoing residential subdivision, suggesting strong potential for future value appreciation. This property is ideal for agribusiness, recreational pursuits such as hunting, fishing, and camping, or simply as a valuable land investment. The asking price is $1,320,000. Showings are by appointment only with 48-hour notice. A 1% earnest money deposit is required with any offer. All dimensions and boundaries are estimates

    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
    -96.147552
    Latitude
    33.271033

    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
    • $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
    • $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
    • $2,290,000
      152.74 Acres

      Land with Ponds and Pasture

      152+ acre tract with ponds, pasture, and development potential.
      Celeste, TX 75423
      View Details
    • $459,990
      35.44 Acres

      Fenced Agricultural Land with Pond

      Fenced farmland featuring a stocked pond and a barn with living quarters, stalls, and working pens for flexible use.
      2516 County Road 1017, Wolfe City, 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

    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
    • $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
    • $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
    • $2,290,000
      152.74 Acres

      Land with Ponds and Pasture

      152+ acre tract with ponds, pasture, and development potential.
      Celeste, TX 75423
      View Details
    • $459,990
      35.44 Acres

      Fenced Agricultural Land with Pond

      Fenced farmland featuring a stocked pond and a barn with living quarters, stalls, and working pens for flexible use.
      2516 County Road 1017, Wolfe City, TX 75423
      View Details
    • $159,000

      Land for Sale

      Land available on County Road 1076, Celeste, TX.
      3136 County Road 1076, Celeste, TX 75423
      View Details
    View Listing
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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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