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    Duplex with Barn and Fenced Pastures Title is generated by Realmo AI

    11755 W FM 8, Stephenville, TX 76401

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    For Sale
    $499,000

    MULTI_FAMILY - Stephenville, TX

    Lot size:
    3.60 Acres
    Added:
    May 11, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 11755 W FM 8

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
    Parking
    5
    Parking features
    Driveway, Garage
    Interior features
    EatInKitchen, HighSpeedInternet, OpenFloorplan, NaturalWoodwork
    Exterior features
    Storage
    Fencing
    Fenced
    Appliances
    ElectricCooktop, ElectricOven, ElectricWaterHeater, Refrigerator, WaterSoftener, WaterPurifier
    Standard status
    Active
    APN
    R000019494
    Lot size
    3.60 Acres

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Multi Units, Ceiling Fan(s), Central Air
    Water source
    Well, Private

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    FiberCement
    Roof type
    Metal
    Additional Structures
    Storage, Barn(s)

    We can help!

    Listing Contact
    Darrell Hicks

    Listing agent Darrell Hicks License #770920

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date May 11, 2026

    MLS# 21258675 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

    • Well‑maintained duplex‑style residence with 2 separate living units, each offering 2 bedrooms and 1 bathroom
    • Set on a little over 3 acres with fenced pastures, plus a large multi‑stall barn and a workshop
    • Metal roof and fiber‑cement construction materials; built in 1920
    • Each unit includes an eat‑in kitchen and an open floorplan with natural woodwork; laminate flooring
    • Utilities include well water with private sewer via septic tank/private sewer
    • On‑site parking with driveway and garage; exterior storage; fenced property

    Overview

    This property features a well-maintained duplex-style residence with two complete living units. Each unit offers two bedrooms and one bathroom, providing a practical layout for dual occupancy while maintaining separate household space. The estate is also set up for rural living with mature shade, a large multi-stall barn, a workshop, and fenced pastures, making it more than just a place to live.

    Located just outside Stephenville in Erath County, the setting supports a country lifestyle while still offering built-in flexibility. The property sits on a little over three acres, and the combination of onsite housing and agricultural facilities is designed for owners who want convenience and capability in one location.

    From a leasing and ownership standpoint, the duplex configuration can appeal to investors seeking rental income, as well as buyers looking for multi-generational use or a guest/extended-family arrangement. The onsite housing may also fit trainers and equestrian-focused operators who need resident space for themselves or others, supported by the property’s barn, workshop, and fenced pasture setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.312974
    Latitude
    32.23741

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-unit duplex with income-ready layout and equestrian improvements on fenced agricultural land.
    Where is this duplex located?
    The property is located at 11755 W FM 8 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Well‑maintained duplex‑style residence with 2 separate living units, each offering 2 bedrooms and 1 bathroom; Set on a little over 3 acres with fenced pastures, plus a large multi‑stall barn and a workshop; Metal roof and fiber‑cement construction materials; built in 1920
    (817) 441-4000
    We can help!
    Listing Contact
    Darrell Hicks
    Real Estate License ID: 770920
    Request Owner's contact information
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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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