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Property profile & analytics
OFF-MARKET
Commercial real estate

5205 Fm 279 Ben Wheeler, TX 75754

227 ac lot
Property ID
US82-5141309
Property summary
AI-generated overview

This exceptional 227-acre property in Van Zandt County, Texas, presents a unique opportunity for recreational enthusiasts and investors. Located at 5205 FM 279, Ben Wheeler, TX 75754, this agricultural and hunting ranch boasts a newly renovated 960-square-foot, two-bedroom cabin complete with new flooring, HVAC system, cabinets, and appliances. A new water well and aerobic system have also been installed. The property is well-equipped for hunting, featuring strategically placed feeders, blinds, and game cameras, all easily accessible via established trails. Three ponds, two of which are undergoing expansion, provide ample fishing opportunities. Approximately 204 acres are covered in heavy timber, creating an ideal habitat for deer and hogs. The sandy soil ensures easy navigation, even in wet conditions. Importantly, this property is not located within a FEMA-designated floodplain. The asking price is $2,156,500, translating to $9,467.05 per acre. This turnkey recreational property is ready for immediate enjoyment and offers significant potential for future appreciation. The permitted zoning is agricultural.

Property profile
Verified
Property type Commercial real estate
Lot 227 ac (9,888,120 SF)
UPID US82-5141309
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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