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    1208 Private Road 1399 Dublin, TX 76446

    Sponsored
    For Sale
    $750,000

    Ranch, Farm/Ranch - Dublin, TX

    Type:Farm
    Property size:
    1,752 SF
    Lot size:
    48.00 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 2 at 10:06 am

    Property Features for 1208 Private Road 1399

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    R000044373
    Parking features
    Carport
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Cable Tv Available, High Speed Internet Available, Paneling, Vaulted Ceiling(s), Wainscoting
    Exterior features
    Covered Deck, Covered Patio/Porch, Lighting, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Range, Refrigerator, Washer
    Size
    1,752 SF
    Lot size
    48.00 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1996
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick, Stone
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dawn Sumrall

    Keller Williams Realty (817) 795-2500

    Listing agent Dawn Sumrall (817) 795-2500 License #0658606

    Listing date Feb 26, 2026

    MLS# 21189866 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

    Dublin Ranch with Custom Home

    This 48-acre AG-Exempt property features a custom-built, one-owner home with a screened porch, pool, and views. The property is located at the end of the road in a quiet, peaceful, park-like setting surrounded by mature trees with an abundance of seasonal native plants and wildflowers. The fenced and cross-fenced pastures are in fair condition and currently hold cattle. Cottonwood Creek borders one of the pastures. There are two stock ponds on the property. The house well is 370 ft to the Trinity. The majority of the acreage is in native range mix with a couple of hay fields behind the home. The 1,752 square foot homestead features vaulted ceilings, 2 bedrooms, 2 full bathrooms, a stone wood-burning fireplace, and an open-concept kitchen with built-in cabinets. The property includes a metal RV cover with a stone well house including two levels of storage and a 2-car carport leading into the house or backyard area. The property is located minutes from downtown Dublin and less than 30 minutes from Stephenville, TX. The property serves as a great place to hunt, and all owned minerals will convey with the right offer. A portion of this property is located in a Flood Plain. Additional property up to 106.28 acres is possibly available as well.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Dublin
    County
    Erath
    State
    Texas
    Longitude
    -98.304435
    Latitude
    32.075868

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    FAQs

    What type of property is this?
    Ranch - 48-acre ranch featuring a custom home and AG-exemption.
    Where is this ranch located?
    The property is located at 1208 Private Road 1399 Dublin, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - 1.48-acre AG-Exempt property with Cottonwood Creek, fenced pastures, and two stock ponds, ideal for livestock.; - Custom-built home featuring a screened porch, pool, and scenic views in a quiet, park-like setting with mature trees.; - Mineral rights conveyance included with acceptable offer; potential for farming equipment to be included.
    (817) 795-2500
    Request Owner's contact information
    1208 Private Road 1399 Dublin, TX 76446
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    Dublin, TX 76446
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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
    1208 Private Road 1399 Dublin, TX 76446
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    We can help!
    Listing Contact
    Dawn Sumrall
    Real Estate License ID: 0658606
    (817) 795-2500 (817) 343-7783
    Learn more
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