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    11200 Light Rd Lipan, TX 76462

    Sponsored
    For Sale
    $1,025,000

    Modern Farmhouse, Farm/Ranch - Lipan, TX

    Type:Farm
    Property size:
    1,707 SF
    Lot size:
    10.00 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 21 at 3:06 am

    Property Features for 11200 Light Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    R000098494
    Patio and Porch features
    Patio, Porch
    Interior features
    Decorative Lighting, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rv Hookup, Stable/Barn, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Ice Maker, Microwave, Washer
    Size
    1,707 SF
    Lot size
    10.00 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2022
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Stone
    Roof type
    Composition
    Architectural style
    Modern
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    David Inman

    Christies Lone Star (214) 821-3336

    Listing agent David Inman (214) 821-3336 License #0694651

    Listing date Jan 9, 2026

    MLS# 20906307 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

    Charming Horse Property with Modern Home

    This charming 10-acre horse property in Lipan, Texas, features a modern farmhouse built in 2022. The 1707 square foot home includes three bedrooms and two baths, with an exceptional primary bedroom and bath featuring a large walk-in closet. The home has an open layout with a vaulted great room open to the kitchen. The entire property is fenced and cross-fenced with pipe fencing and no-climb wire, and includes new entry gates. There are four large traps with loafing sheds, all equipped with automatic waterers, as well as two large pastures with shade and automatic waterers. A 20x60 barn features three large stalls that could be converted to six, with water lines in place. The barn also includes a tack room with saddle and bridle mounts, a large feed room, and a concrete wash area. The property also has a 125x250 lighted arena with an air-operated Priefert roping chute. A newly built 30x50 insulated shop has new lines, two large roll-up doors, full wiring, an enclosed separate storage area that could be converted into an in-law suite, and overhead storage. The property includes a water purification system and a reverse osmosis system to the sink and refrigerator. For guests, there are two 50-amp RV plugs and one 30-amp RV plug.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Food Market Grocery Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lipan
    County
    Hood
    State
    Texas
    Longitude
    -98.04918147
    Latitude
    32.53377883

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    FAQs

    What type of property is this?
    Horse & equestrian property - Exceptional 10-acre horse property with modern farmhouse in Lipan, TX.
    Where is this horse & equestrian property located?
    The property is located at 11200 Light Rd Lipan, TX.
    What is the asking price?
    The asking price for this property is $1,025,000.
    What are key features of this property?
    This property features: - Move-in ready horse property on 10 acres, completely fenced and cross-fenced with pipe fencing and no-climb wire.; - Modern 1707 sq ft home (built in 2022) features 3 bedrooms, 2 baths, open floor plan, vaulted ceilings, and a primary suite with a walk-in closet.; - **20x60 barn with three stalls (convertible to six), tack room, feed room, and concrete wash area, plus four large traps with loafing sheds and automatic waterers.**
    (214) 821-3336
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    11200 Light Rd Lipan, TX 76462
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    Lipan, TX 76462
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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
    11200 Light Rd Lipan, TX 76462
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    We can help!
    Listing Contact
    David Inman
    Real Estate License ID: 0694651
    (214) 821-3336
    Learn more
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