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    0000 County Road 5040 Leonard, TX 75452

    For Sale
    $1,600,000

    Ranch - Leonard, TX

    Type:Ranch
    Lot size:
    64.50 Acres
    Days on Market:
    246
    Last Refresh:
    Dec 10 at 4:06 am

    Property Features for 0000 County Road 5040

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    000000084369
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    64.50 Acres

    Building Details

    Year built
    1950
    Architectural style
    Ranch

    Wakeland Property Company (972) 740-9472

    Listing agent Mark Wakeland (972) 740-9472 License #0393661

    Listing date Apr 9, 2025

    MLS# 20897443 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    65-Acre Ranch Near Leonard, TX

    This 65± acre ag-exempt ranch offers a blend of peace, productivity, and convenience, located 5 minutes from Leonard, less than 10 minutes from SH 121, and 30 minutes from McKinney. Situated at the dead end of a quiet county road, the ranch provides privacy and views suitable for livestock operations and country living. The property is fully fenced and cross-fenced into six pastures, designed for cattle or horse grazing. Electricity and public water are available, including to the ranch house, with multiple underground lines and hydrants providing water for livestock. Fertile backland soils support grass growth, and the property includes a large pond and greenbelt area. The terrain is gently rolling, with level areas on the west and north ends and a gentle slope on the southeast portion, offering views from the ranch house on a hilltop. Improvements include a storage barn with electricity, horse or cattle turn-out pens, and working pens with a loading chute. This property is suitable for expanding a livestock operation, a private weekend getaway, or building a dream home.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leonard
    County
    Fannin
    State
    Texas
    Longitude
    -96.29857081
    Latitude
    33.3670712

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    FAQs

    What type of property is this?
    Ranch - Ag-exempt ranch with multiple pastures, pond, and convenient location.
    Where is this ranch located?
    The property is located at 0000 County Road 5040 Leonard, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - 65± acre ag exempt ranch offering tax benefits.; - Prime location: 5 minutes from Leonard, less than 10 minutes to SH 121, and 30 minutes from McKinney.; - Fully fenced and cross-fenced into six pastures, ideal for cattle or horse grazing.
    (972) 740-9472
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    Leonard, TX 75452
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    Realmo Value Estimation

    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.

    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.

    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
    0000 County Road 5040 Leonard, TX 75452
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