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    Turnkey Ranch with Livestock Improvements Title is generated by Realmo AI

    12335 County Road 4230, Purdon, TX 76679

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    Claim this Listing
    For Sale
    $1,199,999

    LAND - Other - Purdon, TX

    Lot size:
    137.39 Acres
    Added:
    May 13, 2026
    Days on Market:
    25
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 12335 County Road 4230

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush, Cleared, Wooded
    Exterior features
    PrivateEntrance, Storage
    Fencing
    Fenced
    Standard status
    Active
    APN
    46673
    Lot size
    137.39 Acres

    Taxes and HOA fees

    Tax Description
    ABS A10477 E LOWERY ABST TRACT 12 137.39 ACRE
    Tax Annual Amount
    2449

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Ceiling Fan(s), Central Air
    Water front features
    Creek

    Building Details

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

    We can help!

    Listing Contact
    Teresa Lee

    Listing agent Teresa Lee License #0527243

    Listing office Stephens Ranch Hand Real Estate Early, TX

    Listing date May 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.

    HighLights

    • 137.39‑acre Navarro County ranch with improved, fenced and cross‑fenced pastures
    • Water features include Board Creek running north to south plus five surface tanks and each pasture with its own surface water
    • 2, 2‑bath brick home built in 1976 with 1,249 SF, metal roof, covered porch, and attached two‑car garage
    • Livestock facilities include a 3,290 SF livestock barn with concrete workroom flooring, working pens, calf table, and squeeze chute
    • Equipment included: 2018 Mahindra 8100 (approx. 240 hours), Mahindra 3615 batwing mower, utility trailer, Connex container, and more
    • Fenced and cross‑fenced ranch with 45x45 metal equipment barn built in 2020 and additional storage

    Overview

    This turnkey ranch spans 137.39 acres and is set up for productive grazing with fenced and cross-fenced improved pastures. Pasture plantings include coastal Bermuda and native grasses, with each pasture supported by its own surface water source. Five surface tanks provide water, and Board Creek runs north to south through the property, adding a naturally scenic corridor with heavy tree cover and mature pecan, post oak, elm, mesquite, and live oak trees. The terrain is gently rolling with large scattered shade trees and open views.

    Access is provided via a gravel county road with an attractive pipe entrance at the front of the ranch. Core ranch improvements include a brick home built in 1976, featuring two bedrooms and two bathrooms, a large living room with a brick wood-burning fireplace, a kitchen with adjoining dining area, a laundry room with access to an attached two-car garage, a den, and a large covered porch. The metal roof and large windows support comfortable year-round living.

    Ranch operations are supported by an approximately 3,290 sq ft livestock barn with concrete flooring, workroom space, and adjoining functional working pens, including a calf table and squeeze chute. Additional storage is available in a 45x45 metal equipment barn built in 2020 and a 40-foot Connex container. Equipment included supports immediate cattle and hay production, making the property well-suited for buyers seeking a ready-to-run operation.
    Property Profile 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

    • $366,000

      Ag Exempt Ranch Land with Pond

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      SW County Rd 3050, Purdon, TX 76629
      View Details
    • $905,000

      96 Acres Fenced Ranch Land

      Expansive fenced pastureland with road frontage, ideal for livestock.
      Tbd Fm 709 S, Purdon, TX 76679
      View Details

    FAQs

    What type of property is this?
    Ranch - Turnkey cattle and hay ranch with improved, fenced pastures, surface water, and substantial barn and equipment storage.
    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 $1,199,999.
    What are key features of this property?
    This property features: 137.39‑acre Navarro County ranch with improved, fenced and cross‑fenced pastures; Water features include Board Creek running north to south plus five surface tanks and each pasture with its own surface water; 2, 2‑bath brick home built in 1976 with 1,249 SF, metal roof, covered porch, and attached two‑car garage
    (325) 646-1229
    We can help!
    Listing Contact
    Teresa Lee
    Real Estate License ID: 0527243
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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.

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