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    11975 Massey Rd Pilot Point, TX 76258

    Sponsored
    For Sale
    $569,000

    Traditional, Farm/Ranch - Pilot Point, TX

    Type:Farm
    Property size:
    2,298 SF
    Lot size:
    2.77 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 3 at 9:06 pm

    Property Features for 11975 Massey 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
    R208134
    Parking features
    Driveway
    Patio and Porch features
    Patio, Porch
    Interior features
    Decorative Lighting, Flat Screen Wiring, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rain Gutters, Lighting, Rain Barrel/Cistern(s), Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Washer
    Size
    2,298 SF
    Lot size
    2.77 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2004
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, Stone
    Roof type
    Composition
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Jenny Jordan

    Texas Starpath Partners Inc (972) 599-7000

    Listing agent Jenny Jordan (972) 599-7000 License #0671832

    Listing date Feb 2, 2026

    MLS# 21160993 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

    Equipped Horse and Livestock Property

    This well-equipped horse and livestock property is nestled on 2.77 acres, offering functional ranch amenities, comfortable living, and scenic North Texas views. Located minutes from Lake Ray Roberts, this property is suited for equestrian enthusiasts, ranchers, or those seeking a country lifestyle. The property is equipped for horses and livestock, featuring a lighted calf lane with Priefert calf chute, box, and return alley, which can be converted into a turnout run. The barn area includes two 10’ x 20’ stalls and one oversized foaling stall, all connected to outdoor runs and adjoining pastures. Two separate pastures can be opened into one large grazing area. A pad is in place for a 60’ round pen or hot walker with electrical hookups, and there is space to build a custom arena or additional facilities. Additional improvements include a calf or storage shed with water and electricity, an extra-large dog or goat kennel with the ability to divide into two separate runs, and a heated animal house. The residence features an open concept floorplan connecting the living, kitchen, and dining areas with maintenance free stained concrete floors. The kitchen offers ample cabinet and counter-top space. A bonus room with walk-in storage closet could be used as a home-office or second living area. The backyard includes a cowboy soaking pool with filtration system and sun deck. This property offers rural living with access to Pilot Points equestrian culture, and Lake Ray Roberts’ boating, fishing, and trail systems.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pilot Point
    County
    Denton
    State
    Texas
    Longitude
    -96.971371
    Latitude
    33.39027

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    FAQs

    What type of property is this?
    Horse & equestrian property - Boutique horse and livestock property on 2.77 acres.
    Where is this horse & equestrian property located?
    The property is located at 11975 Massey Rd Pilot Point, TX.
    What is the asking price?
    The asking price for this property is $569,000.
    What are key features of this property?
    This property features: - Move-in-ready horse and livestock property on 2.77 acres with functional ranch amenities.; - Equipped with lighted calf lane, **Priefert calf chute, box, return alley, barn with stalls, and pastures.**; - Pad in place for 60’ round pen or hot walker with electrical hookups; ample space for arena or facilities.
    (972) 599-7000
    Request Owner's contact information
    11975 Massey Rd Pilot Point, TX 76258
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    Pilot Point, TX 76258
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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
    11975 Massey Rd Pilot Point, TX 76258
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    We can help!
    Listing Contact
    Jenny Jordan
    Real Estate License ID: 0671832
    (972) 599-7000
    Learn more
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