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

    1461 Hog Town Rd Rd Collinsville, TX 76233

    Sponsored
    For Sale
    $2,280,776

    Farm/Ranch - Collinsville, TX

    Type:Farm
    Property size:
    1,550 SF
    Lot size:
    35.86 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 31 at 2:06 pm

    Property Features for 1461 Hog Town Rd 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
    223915
    Parking features
    Driveway, Garage, Gated, Off Street, Open, RV
    Interior features
    Eat-in Kitchen
    Exterior features
    Rv Hookup, Rv/Boat Parking, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Appliances
    Range
    Size
    1,550 SF
    Lot size
    35.86 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Carpet
    Roof type
    Asphalt, Shingle
    Architectural style
    Ranch
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s), Storage

    We can help!

    Listing Contact
    Corey Baumann

    Whitetail Properties Real Estate (830) 428-0096

    Listing agent Corey Baumann (217) 285-9000 License #0803877

    Listing date Jan 30, 2026

    MLS# 21166789 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

    Overview

    Equestrian Training Facility in Grayson

    Located in the heart of North Texas horse country, this 35.861-acre equestrian training facility in Grayson County is designed for an established or expansion-ready horse operation. The property is fully fenced and cross-fenced with pipe and barbed wire and features a gated entrance, plumbed pastures, eight steel-frame loafing sheds, and a pond. Improvements include a 1,600 square foot modular residence with a detached 380 square foot garage or workshop. The equine infrastructure consists of three primary barns: an approximately 8,000 square foot show barn with 21 stalls, observation area, and living quarters; a 7,500 square foot barn with 22 stalls and an aqua therapy treadmill; and a 5,200 square foot quarantine barn with 9 stalls, mare and foal harvest chute, stallion stall, 960 square foot equipment shop, and 1,440 square foot hay barn. Training amenities include a 60-foot outdoor round pen, a 6,000 square foot covered round pen with panel walker, outdoor arena, and a 125x250 covered arena totaling approximately 31,250 square feet, allowing year-round use. Utilities include electricity, city water, well water, and a septic system. Convenient access to US 82, TX-377, TX-289, Dallas North Tollway, and I-35. A feed bin is also present. Additional 62 contiguous acres are available for separate purchase.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Collinsville
    County
    Grayson
    State
    Texas
    Longitude
    -96.882699
    Latitude
    33.527507

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    FAQs

    What type of property is this?
    Horse & equestrian property - 35-acre North Texas equestrian facility with extensive equine infrastructure.
    Where is this horse & equestrian property located?
    The property is located at 1461 Hog Town Rd Rd Collinsville, TX.
    What is the asking price?
    The asking price for this property is $2,280,776.
    What are key features of this property?
    This property features: - Established equestrian training facility on 35 acres in North Texas horse country.; - Extensive equine infrastructure including a show barn (8,000 SF, 21 stalls), a barn with aqua therapy treadmill (7,500 SF, 22 stalls), and a quarantine barn (5,200 SF, 9 stalls).; - Year-round training capabilities with a 6,000 SF covered round pen, outdoor arena, and a large 125x250 covered arena (31,250 SF).
    (217) 285-9000
    Request Owner's contact information
    1461 Hog Town Rd Rd Collinsville, TX 76233
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    Collinsville, TX 76233
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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
    1461 Hog Town Rd Rd Collinsville, TX 76233
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    We can help!
    Listing Contact
    Corey Baumann
    Real Estate License ID: 0803877
    (217) 285-9000
    Learn more
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