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    The Largest CRE Database in the US with Over 1 Million Listings

    12300 County Road 367 May, TX 76857

    Sponsored
    For Sale
    $2,500,000

    Traditional, Farm/Ranch - May, TX

    Type:Farm
    Property size:
    3,068 SF
    Lot size:
    146.71 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 25 at 1:06 pm

    Property Features for 12300 County Road 367

    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
    000000032562
    Parking features
    Carport, Covered, Driveway, Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Tv Available, Decorative Lighting, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Fire Pit, Garden(s), Rain Gutters, Kennel, Lighting, Outdoor Living Center, Rv/Boat Parking, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Garbage Disposer, Microwave, Range, Refrigerator, Refrigerator - Built-in, Water - Filter
    Size
    3,068 SF
    Lot size
    146.71 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating), Fireplace(s), Fireplace Insert, Zoned (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Zoned

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Stone
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s)

    We can help!

    Listing Contact
    Teresa Lee

    STEPHENS RANCH HAND REAL EST-EARLY (325) 646-1229

    Listing agent Teresa Lee (325) 646-1229 License #0527243

    Listing date Jan 7, 2026

    MLS# 21013493 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

    Custom Home on 146 Acres

    Located in Northern Brown County, this property features a custom stone home situated on 146.71 acres. The residence offers panoramic views and includes 3 bedrooms, 2 bathrooms, a great room with cathedral ceilings and a stone fireplace, and an open kitchen equipped with granite counters, stainless appliances, and a commercial gas cooktop. The master suite includes porch access, a jacuzzi tub, double sinks, and a walk-in closet. Additional interior features include a large office, sunroom, butler’s pantry, and laundry room. The property also includes a metal barndo with a full kitchen, bedroom, bath, vaulted ceilings, attached covered parking, RV bay, 4 stalls, and tack room. A 2,000 sq ft insulated metal shop is equipped with roll-up doors, a workbench, and water storage. Exterior amenities include a gazebo with a fireplace, dog kennels, a 40x50 fenced garden, and a small orchard. The land is cross-fenced into 3 pastures with water and features snake-proof fencing around approximately 7 acres. There are two water wells, one solar, and a large stock tank. The fields are planted in B-Dahl Grass. The property is located within a 20-minute drive of Lake Brownwood State Park. Abundant wildlife including whitetail deer, turkey, dove, and blackbuck antelope. The property is suitable for full-time living, hunting, ranching, or use as a family retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Building Supply Wholesale Shop Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    May
    County
    Brown
    State
    Texas
    Longitude
    -98.91067911
    Latitude
    31.88110083

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    FAQs

    What type of property is this?
    Farm - Custom stone home with barndo, shop, and abundant wildlife.
    Where is this farm located?
    The property is located at 12300 County Road 367 May, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - 146.7± acre property featuring a custom stone home with panoramic 360° views.; - Includes a metal barndo with full kitchen, bedroom, bath, RV bay, 4 stalls, and tack room.; - Features a 2,000 sq ft insulated metal shop with roll-up doors and workbench.
    (325) 646-1229
    Request Owner's contact information
    12300 County Road 367 May, TX 76857
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    May, TX 76857
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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
    12300 County Road 367 May, TX 76857
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    We can help!
    Listing Contact
    Teresa Lee
    Real Estate License ID: 0527243
    (325) 646-1229
    Learn more
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