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    1600 Logans Run Rd Perrin, TX 76486

    Sponsored
    For Sale
    $2,750,000

    Farm/Ranch - Perrin, TX

    Type:Farm
    Property size:
    2,990 SF
    Lot size:
    48.56 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 21 at 2:06 am

    Property Features for 1600 Logans Run Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    R000052905
    Parking features
    Driveway, Garage
    Interior features
    Decorative Lighting, Eat-in Kitchen
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Washer
    Size
    2,990 SF
    Lot size
    48.56 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Floors in Building
    1
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Lane Cooper

    Keller Williams Heritage West (817) 441-4000 [email protected]

    Listing agent Lane Cooper (817) 441-4000 License #0750847

    Listing date Jan 15, 2026

    MLS# 21095660 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

    Perrin Farm and Ranch Property

    Located just off US Hwy 281, this 48.5 acre property features a stocked pond and hunting area. The property includes an Austin Stone residence and a professionally designed training complex. The facility is designed for flexibility and functionality, featuring 35 large stalls that can be divided into up to 80 smaller stalls. Additional improvements include six covered turnout runs, four fully fenced pastures, a covered round pen with premium footing, a 150’x250’ roping arena, five pipe cattle pens (two with automatic waterers), three 50-amp RV hookups, a dedicated shavings storage barn, and a gated entrance. Constructed in 2024, the main barn offers a 3-horse wash bay, LED lighting, and a programmable 6-horse Priefert panel walker. A dedicated 30’x80’ equipment storage barn provides space for trailers, tractors, and operational equipment. The second barn includes 10 additional stalls with a concrete alley, wash bay, and six covered runs. The 2,700+ square foot residence features four bedrooms, three and a half baths, and an oversized two-car garage. The home also includes granite countertops, a spacious kitchen island, gas stove, versatile office or dining space, and a rock fireplace. The covered back patio is wired for an outdoor TV and offers views of tree-lined pastures and a rock fire pit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wolfe Creek Ranch Horse Trainer Absolute Termite & Pest ... Pest Control Service

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Perrin
    County
    Jack
    State
    Texas
    Longitude
    -98.051304
    Latitude
    32.972107

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    FAQs

    What type of property is this?
    Horse & equestrian property - 48.5 acre farm with equestrian facilities and residential retreat.
    Where is this horse & equestrian property located?
    The property is located at 1600 Logans Run Rd Perrin, TX.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Professionally designed training complex with adaptable stall configuration (up to 80 stalls), roping arena, cattle pens, covered round pen, and multiple barns.; - Beautiful 2,700+ sq ft Austin Stone residence featuring 4 bedrooms, 3.5 baths, granite countertops, and a covered back patio with scenic views.; - 48.5-acre property with a stocked pond, peaceful hunting area, and fenced pastures.
    (817) 441-4000
    Request Owner's contact information
    1600 Logans Run Rd Perrin, TX 76486
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    Perrin, TX 76486
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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
    1600 Logans Run Rd Perrin, TX 76486
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    We can help!
    Listing Contact
    Lane Cooper
    Real Estate License ID: 0750847
    (817) 441-4000
    Learn more
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