Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1031 -- Shin Oak Junction, TX 76859

    Sponsored
    For Sale
    $699,900

    Ranch Land,Single Family Residential, City Lots - Junction, TX

    Type:Single Family Residence
    Lot size:
    73.00 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 24 at 7:06 am

    Property Features for 1031 -- Shin Oak

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    OS
    Exterior features
    Barn, Barndominium, Corrals, Portable Building, Storage Building, Working Pens
    Lot size
    73.00 Acres

    Building Details

    Architectural style
    Ranch
    Additional Structures
    Barn(s), Corral(s), Storage

    We can help!

    Listing Contact
    Traci Phillips
    Traci Phillips

    Homestead & Ranch Real Estate (512) 466-1460

    Listing agent Traci Phillips (512) 466-1460

    Listing date Jan 14, 2026

    MLS# 100458 Listing URL

    Copyright © 2026 Central Hill Country Board of Realtors. 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

    Updated Barndominium on 73 Acres

    This 73-acre property features an updated and fully furnished 2-bedroom, 2-bath barndominium. The barndominium has an open floor plan with stylish finishes. The property includes a large equipment barn, a versatile storage building, and a well-appointed tack room. Holding pens are present on the land, which is home to whitetail deer, axis deer, pigs, and turkey. The property has an agricultural exemption. It is located at the end of a tranquil road in Junction, TX. The property is suited for equestrian pursuits or farming needs and could be used as a weekend retreat, a home, or a working ranch.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Junction
    County
    Kimble
    State
    Texas
    Longitude
    -99.688050344922
    Latitude
    30.663804110218

    Nearby Similar for Sale

    • $899,900
      0.65 Acres

      Victorian Home with Retail Space

      Stunning Victorian home with retail space in Junction, Texas.
      105 N 11Th St, Junction, TX 76849
      View Details
    • $4,200,000
      14.49 Acres

      Commercial Acreage Near I-10

      14.49-acre commercial property with multiple buildings and highway frontage.
      545 Hwy 83 N, Junction, TX 78649
      View Details
    • $350,000
      0.53 Acres

      Junction, TX Apartment Investment Opportunity

      Four-unit apartment complex with consistent rental history in Junction, TX.
      100 -- Shady Riv Rd, Junction, TX 76849
      View Details
    • $535,000
      65.00 Acres

      65 Acre Ranch with Exotic Game

      65 acre ranch featuring exotic game, pond, and utilities.
      W Kc 210, Junction, TX 76849
      View Details
    • $5,950,000

      Income Producing Ranch with Lodge

      Ranch with high fence, lodge, and trophy animals.
      1585 Kc 213, Junction, TX 76849
      View Details
    • $745,000

      Hill Country Acreage with Barndominium

      75-acre ranch within YO Ranch Lands community.
      220 Rattlesnake Rd, Junction, TX 76849
      View Details
    • $625,000

      Historic Junction Warehouse with RV Hookups

      Unique 12,500 sq ft warehouse with living space and RV hookups.
      702 Pecan St, Junction, TX 76849
      View Details
    • $1,150,000

      114 Acres Ranch Near Junction

      Ranch property with mobile home near Junction, Texas.
      649 Rocky Hl Rd, Junction, TX 76849
      View Details
    • $495,000

      Income-Producing Four-Unit Apartment Building

      Four-unit apartment building in Junction, Texas, fully occupied and remodeled.
      615 Pecan St, Junction, TX 76849
      View Details
    • $730,000

      Junction, TX Agricultural Property

      Agricultural property for sale in Junction, Texas.
      1155 Razor Rdg Rd, Junction, TX 76849
      View Details
    • $4,950,000

      Junction, TX Agricultural Property

      Agricultural property for sale in Junction, Texas.
      13105 I-10 Service Rd, Junction, TX 76849
      View Details
    • $900,000

      Junction, TX Agricultural Property

      Agricultural property for sale in Junction, Texas.
      2321 Gentry Crk Rd, Junction, TX 76849
      View Details

    FAQs

    What type of property is this?
    Ranch - 73-acre property with updated barndominium, equipment barn, and abundant wildlife.
    Where is this ranch located?
    The property is located at 1031 -- Shin Oak Junction, TX.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - 73-acre property with agricultural exemption.; - Updated and **fully furnished 2-bedroom, 2-bath barndominium.**; - Large equipment barn, storage building, and tack room.
    (512) 393-9996
    Request Owner's contact information
    1031 -- Shin Oak Junction, TX 76859
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1031 -- Shin Oak
    Junction, TX 76859
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1031 -- Shin Oak Junction, TX 76859
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Traci Phillips
    Traci Phillips
    Real Estate License ID: 0464775
    (512) 393-9996
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.