Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16586 Highway 183 S Breckenridge, TX 76437

    Sponsored
    For Sale
    $3,134,250

    Ranch - Breckenridge, TX

    Type:Ranch
    Lot size:
    597.00 Acres
    Days on Market:
    73
    Last Refresh:
    Jan 31 at 4:06 pm

    Property Features for 16586 Highway 183 S

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    16108
    Lot size
    597.00 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Stephen Turner

    TURNER APPRAISAL (940) 696-9209

    Listing agent Stephen Turner (940) 696-9209 License #0660280

    Listing date Nov 20, 2025

    MLS# 21117149 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

    Stephens County Ranch with Creek

    The Lazy Triple R Ranch is a 597+-acre property located in Stephens County. The ranch offers scenic views and versatile use. Situated near Eastland and Cisco, the property features 1.3 miles of creek frontage. The terrain is diverse, including rolling hills and wildlife habitat. Facilities are in place for ranching. Improvements include a farmhouse and stock ponds. Hunting blinds and feeders are present on the property. Infrastructure is available for livestock. The property is suitable for recreational use, cattle grazing, and wildlife management. Access is provided by 4600 feet of frontage on US Highway 183.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Gym & Fitness Auto Repair Shop Hotel & Motel Auto Parts Store Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Breckenridge
    County
    Stephens
    State
    Texas
    Longitude
    -98.88398325
    Latitude
    32.52264196

    Nearby Similar for Sale

    • New
      $350,000
      5,400 SF

      Breckenridge Bed and Breakfast Opportunity

      Bed and breakfast or residential income property in Breckenridge, Texas.
      900 W Walker St, Breckenridge, TX 76424
      View Details
    • $160,000
      2,033 SF

      Charming Breckenridge Property Near Highschool

      2 bed, 2 bath, 2033 SQFT near Breckenridge High School.
      514 W Walker St St, Breckenridge, TX 76424
      View Details
    • $249,000
      5,850 SF

      Highway 180 Warehouse Opportunity

      Versatile warehouse with office, storage on 1.2 acres.
      3020 W Walker St, Breckenridge, TX 76424
      View Details
    • $192,500
      2,400 SF

      Retail Property Near Main Highway

      Retail property with storage, visibility, and expansion potential.
      3402 W Walker St, Breckenridge, TX 76424
      View Details
    • $375,000
      1.49 Acres

      Breckenridge RV Park Opportunity

      Well-maintained 18-site RV park near Hubbard Creek Reservoir.
      66 County Road 336, Breckenridge, TX 76424
      View Details
    • $250,000
      0.48 Acres

      Turn-Key Restaurant with Drive-Thru

      Move-in ready restaurant with updated equipment and drive-thru window.
      420 W Walker St, Breckenridge, TX 76424
      View Details
    • $195,000
      0.30 Acres

      Updated Commercial Building on Highway

      Updated commercial building with retail and warehouse space for sale.
      518 N Breckenridge Ave, Breckenridge, TX 76424
      View Details
    • $200,000
      1.00 Acre

      Historic Restaurant and Bar

      Turnkey restaurant and bar with seller financing available.
      11210 Hwy 67, Breckenridge, TX 76424
      View Details
    • $565,000
      6.00 Acres

      Versatile Commercial Property on 6 Acres

      Commercial property with warehouse and office space on 6 acres.
      3316 Highway 180, Breckenridge, TX 76424
      View Details
    • $200,000
      1.00 Acre

      Historic Restaurant and Bar

      Turnkey restaurant and bar with indoor and outdoor stages.
      11210 State Highway 67, Breckenridge, TX 76424
      View Details
    • New
      $111,999
      1,224 SF

      Highway Frontage Commercial Building on Acre

      Commercial building on an acre with highway frontage.
      2770 E Us Highway 180, Breckenridge, TX 76424
      View Details
    • $140,000
      780 SF

      Breckenridge Trailer Park Investment Opportunity

      Small trailer park with existing revenue and expansion potential.
      401 W Elliott St, Breckenridge, TX 76424
      View Details

    FAQs

    What type of property is this?
    Ranch - 597+ acre ranch featuring creek frontage and diverse terrain.
    Where is this ranch located?
    The property is located at 16586 Highway 183 S Breckenridge, TX.
    What is the asking price?
    The asking price for this property is $3,134,250.
    What are key features of this property?
    This property features: - 597+ acre ranch property with diverse terrain and scenic views.; - Enjoy 1.3 miles of creek frontage.; - Located on US Highway 183 with 4600' of frontage.
    (940) 696-9209
    Request Owner's contact information
    16586 Highway 183 S Breckenridge, TX 76437
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16586 Highway 183 S
    Breckenridge, TX 76437
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16586 Highway 183 S Breckenridge, TX 76437
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephen Turner
    Real Estate License ID: 0660280
    (940) 696-9209
    Learn more
    Google sign-in failed. Please try again or use another login method.