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    0001 W Pleasant Vly Rd Henrietta, TX 76230

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    Sponsored
    For Sale
    $3,705,300

    Ranch - Henrietta, TX

    Type:Ranch
    Lot size:
    537.00 Acres
    Days on Market:
    149
    Last Refresh:
    Mar 26 at 1:06 pm

    Property Features for 0001 W Pleasant Vly Rd

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    124644
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    537.00 Acres

    Building Details

    Architectural style
    Ranch

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    Listing Contact
    Matt Milligan
    Matt Milligan

    Trinity Country Real Estate

    Listing agent Matt Milligan License #0500456

    Listing date Oct 29, 2025

    MLS# 21099199 Listing URL

    Copyright © 2026 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.

    Learn more

    Overview

    Versatile Ranch with Diverse Landscape

    This premier ranch offers a versatile landscape, with approximately one-third consisting of dense hardwoods and the remaining two-thirds featuring rolling pastures dotted with scattered oaks and lush coastal grasses. The property benefits from numerous strategically placed ponds, recently cleaned and restocked with bluegill and smallmouth bass, providing ample fishing opportunities. Wildlife thrives, including deer, turkey, dove, and ducks, creating a haven for hunters. The ranch features improved pastures suitable for cattle and horses, producing approximately 400 bales of 5x6 rolls of coastal hay annually, alongside a fantastic wildlife habitat. The ranch supports a significant deer population with good genetics, a large turkey population with a major roost on a five-eighths mile long creek, and a dove field large enough to accommodate 40 hunters, along with seven stock ponds and a water well. The property also features three-phase electric power and significant elevation changes, ranging from 1,030 feet at the lower wet water creek to 1,140 feet at the scenic hills in the south, providing stunning vistas and numerous recreational opportunities. Located approximately 1.5 hours northwest of the DFW metroplex, this ranch is suitable for recreation, agriculture, or as a retreat.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Henrietta
    County
    Clay
    State
    Texas
    Longitude
    -98.1668
    Latitude
    33.5014

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    FAQs

    What type of property is this?
    Ranch - Premier ranch with pastures, ponds, and abundant wildlife.
    Where is this ranch located?
    The property is located at 0001 W Pleasant Vly Rd Henrietta, TX.
    What is the asking price?
    The asking price for this property is $3,705,300.
    What are key features of this property?
    This property features: - Versatile ranch property with a mix of dense hardwoods and rolling pastures.; - Abundant water resources with numerous ponds, recently cleaned and restocked for fishing.; - Excellent wildlife habitat supporting deer, turkey, dove, and ducks, ideal for hunting.
    (817) 594-8183
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    0001 W Pleasant Vly Rd Henrietta, TX 76230
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    Henrietta, TX 76230
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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
    0001 W Pleasant Vly Rd Henrietta, TX 76230
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    Listing Contact
    Matt Milligan
    Matt Milligan
    Real Estate License ID: 0500456
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