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    Brittany Jones, Lipan, TX

    License ID: 0715526
    Years of Experience
    4
    Association
    Greater Metro West Association Realtors Inc

    Service Locations

    Contact details

    Phone:
    (817) 694-6045
    Office Address:
    1956 FM 3208, Lipan, TX

    Property Types

    • Commercial Sale
    • Land
    • Residential

    Performance

    Listings
    10
    Total transactions
    123
    Total transactions amount
    $49M
    Price range
    $135k - 4M
    Average price
    $398k

    Listings

    For Sale (10)

    View map
    • New
      $624,999
      1,500 SF

      Modern Farmhouse on Horse Ready Property

      15 acre horse property with modern farmhouse charm.
      11140 Light Rd, Lipan, TX 76462
      View Details
    • $2,749,999
      3,600 SF

      Santo Texas Equestrian Estate

      Luxury ranch retreat designed for horse enthusiasts on 75+ acres.
      1084 Beddo Mountain Rd, Santo, TX 76472
      View Details
    • $199,999
      6.00 Acres

      6 Acre Ag Exempt Land

      6 acre ag-exempt land in Poolville ISD with sandy soil.
      Division Ln, Poolville, TX 76487
      View Details
    • $2,699,999
      68.43 Acres

      Unique Retreat on 68 Acres

      Secluded retreat near Palo Pinto Lake with versatile metal shop.
      1175 Thornton Ln, Palo Pinto, TX 76462
      View Details
    • $2,699,999
      68.43 Acres

      Turn-Key Deer Farm on 68 Acres

      High-fence deer farm ready for deer, exotics, or show animals.
      1175 Thornton Ln, Palo Pinto, TX 76462
      View Details
    • $2,699,999
      68.43 Acres

      Palo Pinto Ranch Retreat

      68+ acre ranch near Palo Pinto Lake with custom apartment.
      1175 Thornton Ln, Palo Pinto, TX 76462
      View Details
    • New
      $399,999
      1,514 SF

      Texas Ranch with Equestrian Potential

      17.88-acre ranch in Hamilton, TX, near Circle T Arena.
      998 Fm 218, Hamilton, TX 76531
      View Details
    • New
      $2,195,000
      9,562 SF

      Hill Country Retreat and Venue

      Exclusive retreat and venue property in Mingus, Texas, on 34 acres.
      Tbd Moway Ct, Mingus, TX 76463
      View Details
    • New
      $2,195,000
      9,642 SF

      Texas Hill Country Retreat Lodge

      Exclusive retreat with hosting layout, great room, and nine bedrooms.
      Tbd Moway Ct, Mingus, TX 76463
      View Details
    • $1,449,999
      3,906 SF

      Turnkey Santo Horse Property

      Equipped horse ranch on 29.993 acres with updated home.
      3716 Live Oak Rd, Santo, TX 76472
      View Details

    Leases and Sales on Map

    • For Sale

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    Brittany Jones, Lipan, TX
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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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    Brittany Jones, Lipan, TX
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