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    11137 County Road 348 Abilene, TX 79601

    Sponsored
    For Sale
    $895,000

    Farm/Ranch - Abilene, TX

    Type:Farm
    Property size:
    2,806 SF
    Lot size:
    52.32 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 27 at 10:06 pm

    Property Features for 11137 County Road 348

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    R21118
    Interior features
    Built-in Features, Decorative Lighting, Dry Bar, High Speed Internet Available
    Fireplace
    1
    Appliances
    Dishwasher, Range, Range - Gas, Washer, Water - Softener
    Size
    2,806 SF
    Lot size
    52.32 Acres

    Utilities

    Heating system
    Fireplace(s)

    Building Details

    Year built
    2004
    Floors in Building
    1
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Colton Harbert
    Colton Harbert

    Capitol Ranch Real Estate, LLC (979) 530-7010

    Listing agent Colton Harbert (855) 968-1200 License #0667827

    Listing date Feb 23, 2026

    MLS# 21186568 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

    Property Insight Report

    Overview

    Turnkey Ranch Retreat near Abilene

    Lazy J Ranch is a private 52.32-acre turnkey retreat featuring a rock home, mature oaks, trails, and a stocked pond with a waterfall and dock. The pond is fed by a well and contains largemouth bass, bluegill, crappie, koi, and blue catfish. The rock-built home offers 5 bedrooms, 2.5 baths, and 2,806 square feet with views from every room. Features include a three-car garage, a safe room, hidden storage spaces, and an existing security system. Appliances included are a stove oven and dishwasher. The main well, located in the southwest corner, is 40 feet deep and rated at 100 GPM, with the pump replaced approximately 1.5 years ago. The current flow is approximately 66 GPM. A second well on the south side of the pond is rated at 5 GPM but has no pump installed. Improvements include a solar-powered gate, custom stonework and entrance gate, a pond-side shed with power and irrigation pump switch plus 3 water spigots, and a 20’ x 40’ open-front tractor shed. The attic has approximately 2–3’ of blown insulation. Utilities include Big Country Electric, Hawley Water Co-op, County Waste, and Taylor Telecom fiber optic internet. The septic was pumped on 2.10.2025, with the cleanout located behind the home near the primary bedroom window. County Rd 348 is graded regularly.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Abilene
    County
    Taylor
    State
    Texas
    Longitude
    -99.70196807
    Latitude
    32.68787605

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    FAQs

    What type of property is this?
    Ranch - Private 52-acre ranch with rock home, pond, and improvements.
    Where is this ranch located?
    The property is located at 11137 County Road 348 Abilene, TX.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Private 52-acre turnkey ranch retreat with mature oaks and miles of trails.; - Stocked pond with waterfall and dock, fed by a high-output well (66 GPM) ensuring year-round water.; - Timeless 5-bedroom, 2.5-bath rock home (2,806 SF) with views from every room.
    (855) 968-1200
    Request Owner's contact information
    11137 County Road 348 Abilene, TX 79601
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    Abilene, TX 79601
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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
    11137 County Road 348 Abilene, TX 79601
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    We can help!
    Listing Contact
    Colton Harbert
    Colton Harbert
    Real Estate License ID: 0667827
    (855) 968-1200 (806) 335-5867 (979) 530-7010
    Learn more
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