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

    11874 Fm 157 Maypearl, TX 76064

    Sponsored
    For Sale
    $4,200,000

    Ranch - Maypearl, TX

    Type:Ranch
    Lot size:
    135.87 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 25 at 7:06 pm

    Property Features for 11874 Fm 157

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    255433
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Dock, Lighting, Private Entrance, Rv Hookup, Rv/Boat Parking, Stable/Barn, Storage, Other, Fence
    Dock
    1
    Fencing
    Fenced
    Lot size
    135.87 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Architectural style
    Ranch
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s), Storage

    We can help!

    Listing Contact
    Corbin Carpenter

    NextHome Property Advisors (972) 246-8297

    Listing agent Corbin Carpenter (972) 246-8297 License #0838908

    Listing date Jan 22, 2026

    MLS# 21139580 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

    Ellis County Multi-Use Ranch

    This 135-acre ranch in Ellis County presents a multi-use opportunity with development, agricultural, and multi-residential potential. The property, known as Keefer Ranch, features a blend of open pasture, mature trees, and multiple water features. It includes three residences: a 1,680 sqft home built in 2012, a 3,140 sqft home built in 1997, and a 1,500 sqft home built in 2015, each with covered porches and private views. Additional improvements include a 72x40 barn with 6 stalls, tack room, and wash rack, plus an 8,000+ sqft workshop with electricity and water, suitable for equipment, storage, or commercial use. Land features include three ponds (two stocked), cross-fencing for livestock, and an on-site water well. One of the ponds spans over an acre and reaches depths of 25+ feet. The property has 1,100 ft of road frontage along FM 157. Mountain Peak SUD provides water service. The ranch is located minutes from Maypearl and within 45 minutes of Dallas–Fort Worth, with quick access to I-35, I-20, and DFW Airport. It is ideal for multi-family living, ranch staff, or rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Maypearl
    County
    Ellis
    State
    Texas
    Longitude
    -97.021698
    Latitude
    32.337961

    Nearby Similar for Sale

    • $1,150,000
      1,904 SF

      41 Acres in Maypearl ISD

      41-acre parcel with rolling terrain, creek, pastures, and residences.
      510 N D Rnch Rd, Maypearl, TX 76064
      View Details
    • $525,000
      1.45 Acres

      Occupied Duplex on Large Lot

      Fully occupied duplex on 1.4 acres, ideal for investors.
      892 W 1St St, Maypearl, TX 76064
      View Details
    • $299,000

      Retail Space on Main Street

      Retail property for sale, currently leased to motorcycle accessories.
      213 Main St, Maypearl, TX 76064
      View Details
    • $299,000
      1,500 SF

      Maypearl Main Street Retail Space

      Prime Retail Location, High Traffic Area
      213 Main St, Maypearl, TX 76064
      View Details
    • $425,000
      2,520 SF

      Maypearl Commercial Building - Great Potential

      Spacious building, 3 roll-up doors, ideal for storage.
      308 Main St, Maypearl, TX 76064
      View Details

    FAQs

    What type of property is this?
    Ranch - 135-acre ranch in Ellis County with development and residential potential.
    Where is this ranch located?
    The property is located at 11874 Fm 157 Maypearl, TX.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - 135-acre multi-use ranch with development, agricultural, and multi-residential potential in Ellis County.; - Three separate residences (1,680 sqft, 3,140 sqft, and 1,500 sqft) ideal for multi-family living or rental income.; - 72x40 barn with 6 stalls, tack room, and wash rack, plus an 8,000+ sqft workshop with electricity and water.
    (972) 246-8297
    Request Owner's contact information
    11874 Fm 157 Maypearl, TX 76064
    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.
    11874 Fm 157
    Maypearl, TX 76064
    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
    11874 Fm 157 Maypearl, TX 76064
    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
    Corbin Carpenter
    Real Estate License ID: 0838908
    (972) 246-8297
    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.