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    Nocona Farm/Ranch Custom Home Title is generated by Realmo AI

    1080 N Greenbrier Road, Nocona, TX 76255

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    For Sale
    $4,900,000

    Craftsman, Farm/Ranch - Nocona, TX

    Type:Farm
    Property size:
    4,146 SF
    Lot size:
    178.00 Acres
    Price / SF:
    $1,181/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 1080 N Greenbrier Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Carport, Covered, Garage, RV, Workshop
    Patio and Porch features
    Patio, Porch
    Interior features
    Granite Counters, Natural Woodwork
    Exterior features
    Courtyard, Covered Courtyard, Covered Patio/Porch, Kennel
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Garbage Disposer, Oven - Double, Washer
    Standard status
    Active
    APN
    R000023022
    Size
    4,146 SF
    Lot size
    178.00 Acres

    Utilities

    Heating system
    Central, Fireplace(s), Natural Gas
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2014
    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Building materials
    Stone, Stucco
    Roof type
    Metal
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Shawn Buck

    Listing agent Shawn Buck License #0640814

    Listing office United Real Estate DFW 6640 Camp Bowie Blvd., Fort Worth, TX

    Listing date May 15, 2026

    MLS# 21260445 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.

    HighLights

    • Expansive 178‑acre property with 11 stocked ponds, mature trees, and abundant wildlife.
    • Over 4,000 sq ft custom‑built single‑story home with multiple living areas and separated bedroom wings.
    • 38x47 all‑steel barn‑shop with water, electricity, and RV hookup, plus a separate concrete RV pad.
    • High‑quality construction featuring stone and stucco exterior, 2x6 exterior walls, spray foam insulation, commercial‑grade windows, and a Class 4 metal roof (replaced in 2025).
    • Multiple patio areas, including covered spaces, offering seamless indoor‑outdoor living.
    • Oversized garage with additional storage capacity and a dedicated 200‑yard rifle range.

    Overview

    This custom home outside Nocona, TX, offers over 4,000 square feet of living space on a 178-acre property. Built in 2014, the single-story residence features an architectural layout with multiple living areas. The home showcases stone exterior accents, clean rooflines, and a welcoming entry. The floor plan is designed for functionality with spacious living areas, a central kitchen, and separated bedroom wings. The primary suite offers a private retreat with a large ensuite bath and generous closet space. Additional bedrooms and flexible rooms provide options for offices, hobby spaces, or guest accommodations. Multiple patio areas, including covered spaces, allow for indoor-outdoor living. The property also features an oversized garage with additional storage capacity. The land includes 11 stock tanks ranging from approximately 0.1 to 5 acres, stocked with various fish species. Mature trees provide shade and natural beauty throughout the property. A 200-yard rifle range offers a dedicated space for target practice. An all-steel 38x47 barn-shop with water, electricity, and RV hookup adds versatility for equipment storage and workspace needs, while a concrete RV pad provides convenience. The main house has stone, stucco 2x6 exterior walls, spray foam installation, commercial-grade exterior windows, with a class 4 metal roof replaced in 2025. Wildlife is abundant, making this property a North Texas retreat for nature lovers, hunters, or those seeking privacy and space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Nocona
    County
    Montague
    State
    Texas
    Longitude
    -97.68903
    Latitude
    33.78042

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    FAQs

    What type of property is this?
    Ranch - Custom home on 178 acres with extensive outdoor features.
    Where is this ranch located?
    The property is located at 1080 N Greenbrier Road Nocona, TX.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Expansive 178‑acre property with 11 stocked ponds, mature trees, and abundant wildlife.; Over 4,000 sq ft custom‑built single‑story home with multiple living areas and separated bedroom wings.; **38x47 all‑steel barn‑shop with water, electricity, and RV hookup, plus a separate concrete RV pad.**
    (817) 360-8499
    We can help!
    Listing Contact
    Shawn Buck
    Real Estate License ID: 0640814
    Learn More
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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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