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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9024 Fm 64 Pecan Gap, TX 75469

    • Commercial real estate
    • 83.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1771615
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9024 Fm 64

    Lot size
    83.17 lot acres
    Property type
    Commercial real estate
    APN
    4575, 4573, 4564

    Description

    Exceptional investment opportunity awaits with this 83.166-acre agricultural land parcel in Pecan Gap, Texas. Located at 9024 FM 64, Delta County, this fee simple property (APN: 4575, 4573, 4564) is currently under cultivation, producing multiple crops including cotton, and benefits from an agricultural tax exemption. The unrestricted zoning allows for diverse development possibilities, including continued agricultural use, residential expansion, or commercial ventures. Conveniently situated with direct access from Hwy 64 and CR 3430, this property offers a unique blend of rural charm and strategic location, approximately 1.5 hours from the Dallas-Fort Worth Metroplex. The asking price of $699,000 presents a compelling buy-and-hold opportunity for investors seeking long-term value and growth potential in a rapidly developing area. This prime land presents a rare chance to capitalize on the burgeoning residential and infrastructure improvements underway nearby. The property's rich history as a former homestead adds to its unique appeal. Don't miss this chance to own a piece of Texas's vibrant agricultural landscape and secure a promising future investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pecan Gap
    County
    Delta
    State
    Texas
    Longitude
    -95.815607934317
    Latitude
    33.412180879179

    Comparable in this City

    • $747,825
      115.05 Acres

      Productive Farmland in Pecan Gap

      115.05 acres of income-producing land with road access.
      000 County Road 3140, Pecan Gap, TX 75469
      View Details
    • $599,000
      896 SF

      51+ Acre Ranch with Cabin

      51+ acre ranch with cabin near Cooper and Bois D'arc Lakes.
      50 County Road 3400, Pecan Gap, TX 75469
      View Details
    • $599,000
      51.29 Acres

      51+ Acre Ranch in Pecan Gap

      51+ acre ranch with mobile home, shop, and storage.
      50 Cr 3400, Pecan Gap, TX 75469
      View Details
    • $90,000
      3.00 Acres

      Pecan Gap Unimproved Land

      Three-acre lot near Dallas and Commerce, Texas, no builder restrictions.
      Tbd Fm 904, Pecan Gap, TX 75469
      View Details
    • $115,000
      3.77 Acres

      Pecan Gap Unimproved Land

      3.77 acre cul-de-sac lot near Texas A&M Commerce campus.
      County Line Rd, Pecan Gap, TX 75469
      View Details
    • New
      $70,000
      4.20 Acres

      Pecan Gap Unimproved Land

      4.2 acre lot with building potential near Commerce, TX.
      1625 Fm 904 S, Pecan Gap, TX 75469
      View Details

    Similar Nearby for Sale

    • $747,825
      115.05 Acres

      Productive Farmland in Pecan Gap

      115.05 acres of income-producing land with road access.
      000 County Road 3140, Pecan Gap, TX 75469
      View Details
    • $599,000
      896 SF

      51+ Acre Ranch with Cabin

      51+ acre ranch with cabin near Cooper and Bois D'arc Lakes.
      50 County Road 3400, Pecan Gap, TX 75469
      View Details
    • $599,000
      51.29 Acres

      51+ Acre Ranch in Pecan Gap

      51+ acre ranch with mobile home, shop, and storage.
      50 Cr 3400, Pecan Gap, TX 75469
      View Details
    • New
      $45,000
      3.00 Acres

      3-Acre Lot in Pecan Gap

      Unimproved 3-acre lot with established utilities near Commerce, TX.
      9 County Line Rd, Pecan Gap, TX 75469
      View Details
    • $129,000
      9.30 Acres

      Unrestricted Land Near Pecan Gap

      9.304 acres of unrestricted land suitable for various uses.
      Tbd County Rd 2200, Pecan Gap, TX 75469
      View Details
    • $249,900
      11.01 Acres

      Unrestricted Land in Pecan Gap

      11-acre unrestricted agricultural land with possibilities for building.
      0000 County Road 2200, Pecan Gap, TX 75469
      View Details
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    9024 Fm 64
    Pecan Gap, TX 75469
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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.

    More about this property
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