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    12335 County Road 4230 Purdon, TX 76679

    Sponsored
    For Sale
    $1,250,000

    Improved Land - Purdon, TX

    Property size:
    1,249 SF
    Lot size:
    137.39 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 24 at 9:06 pm

    Property Features for 12335 County Road 4230

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    46673
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Private Entrance, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Size
    1,249 SF
    Lot size
    137.39 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Creek

    Building Details

    Year built
    1976
    Architectural style
    Other
    Additional Structures
    Barn(s), Stable(s), Storage

    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 Feb 13, 2026

    MLS# 21179588 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

    Turnkey Ranch with Equipment Included

    Located in Purdon, Texas, this 137.39-acre ranch in Navarro County features productive pastureland and abundant water. The property is fenced and cross-fenced into improved pastures with coastal Bermuda and native grasses. Each pasture benefits from its own surface water source, supported by five surface tanks. Board Creek traverses the ranch from north to south, creating a scenic corridor with mature pecan, post oak, elm, mesquite, and live oak trees. The gently rolling terrain is enhanced by large scattered shade trees and views. Access is provided via a gravel county road, marked by a pipe entrance. The brick home, constructed in 1976, offers 1,249 square feet, including 2 bedrooms and 2 bathrooms. The home features a large living room with a brick wood-burning fireplace, a kitchen with an adjoining dining area, a laundry room with access to the attached two-car garage, and a screened-in porch. The home has a metal roof, carpet and laminate flooring, and large windows. Ranch improvements include a 3,290 sq ft livestock barn with concrete flooring in the workroom, adjoining functional working pens, calf table, and squeeze chute. A metal equipment barn, built in 2020 and measuring 45x45, provides additional storage, along with a 40-foot Connex container. Equipment included in the sale are: a 2018 Mahindra 8100 (approx. 240 hours) with bucket loader and brush grapple, Mahindra 3615 heavy-duty batwing mower, 8-ft blade with chisel rippers, utility trailer, older John Deere tractor with front-end loader and shredder, and a Gravely zero-turn mower. This property is a turnkey cattle and hay operation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Purdon
    County
    Navarro
    State
    Texas
    Longitude
    -96.552576
    Latitude
    31.874831

    Nearby Similar for Sale

    • $1,250,000
      1,249 SF

      Turnkey Ranch in Navarro County

      137.39-acre ranch with home, barns, equipment, and abundant water.
      12335a County Road 4230, Purdon, TX 76679
      View Details

    FAQs

    What type of property is this?
    Ranch - 137.39-acre turnkey ranch in Navarro County with productive pastureland.
    Where is this ranch located?
    The property is located at 12335 County Road 4230 Purdon, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Turnkey 137.39-acre ranch in Navarro County, ready for cattle and hay operation.; - Equipment included: Tractors, mower, loader, and other essential ranching tools are included.; - Productive pastureland with improved grasses, cross-fenced with abundant surface water (5 tanks) and Board Creek.
    (325) 646-1229
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    12335 County Road 4230 Purdon, TX 76679
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    Purdon, TX 76679
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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
    12335 County Road 4230 Purdon, TX 76679
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    We can help!
    Listing Contact
    Teresa Lee
    Real Estate License ID: 0527243
    (325) 646-1229 (325) 647-5461
    Learn more
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