Add Listing
    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

    1696 County Road 222 Gainesville, TX 76240

    View on Map
    Sponsored
    For Sale
    $500,000

    Improved Land - Gainesville, TX

    Lot size:
    10.98 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 12 at 11:06 pm

    Property Features for 1696 County Road 222

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    8488
    Lot size
    10.98 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric

    Building Details

    Year built
    2022
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelsi Bannahan

    REAL T TEAM (940) 243-7653

    Listing agent Kelsi Bannahan (940) 243-7368 License #0646679

    Listing date Mar 9, 2026

    MLS# 21147178 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

    Rustic Barndominium on 10 Acres

    This rustic barndominium, situated on over 10 acres, offers a blend of charm and modern living. The 2-bedroom, 1-bathroom home provides expansive views and ample space for relaxation, recreation, and work. The spacious living areas feature exposed rafters and wide plank wood floors. The open-concept gourmet kitchen flows into the living area, featuring butcher block countertops, a travertine backsplash, a farmhouse sink, stainless steel appliances, and bar seating. The master suite, located at the back of the home for added privacy, includes a private entrance into the bathroom with double sinks, gold accent mirrors, and a tiled shower and tub area. The second bedroom includes a custom closet system. Outdoor living is enhanced by an expansive back deck. Beneath the house is an open stable area. The property is fully fenced and cross-fenced and includes an RV hookup with water, sewage, and electricity, along with a built patio. A designated garden area features a greenhouse and a fenced space. Located in Gainesville, TX, this property offers a serene retreat and space for an active lifestyle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -96.958314
    Latitude
    33.568992

    Nearby Similar for Sale

    • New
      $265,000
      0.08 Acres

      Historic Downtown Gainesville Brick Building

      1,750 sq ft brick building in historic downtown Gainesville.
      323 N Commerce St, Gainesville, TX 76240
      View Details
    • $975,000
      2,902 SF

      Modern Farmhouse on 11 Acres

      Stunning modern farmhouse with pond and sunrise views.
      646 County Road 2121, Gainesville, TX 76240
      View Details
    • $450,000
      26.88 Acres

      Gainesville, TX Land with Utilities

      26.88-acre property with pastures, pond, creek, utilities, and barn.
      1142 County Road 212, Gainesville, TX 76240
      View Details
    • $1,250,000
      12,000 SF

      Versatile Commercial Building in Cooke County

      12,000 sq ft commercial building suitable for various business uses.
      4747 County Road 211, Gainesville, TX 76240
      View Details
    • $1,395,000
      2,188 SF

      71 Acres North Texas Ranch

      71 acres in Gainesville, TX, ideal for estate or retreat.
      1258 County Road 352, Gainesville, TX 76240
      View Details
    • $780,000
      27.00 Acres

      26-Acre Ranch with Breeding Facilities

      26-acre ranch featuring barns, breeding area, and ponds.
      8283 S Fm 372, Gainesville, TX 76240
      View Details
    • $1,274,000
      3,000 SF

      Gainesville Luxury Ranch Living

      Barndominium estate on 11 ag-exempt acres for equestrians.
      1330 Jrc Rd, Gainesville, TX 76240
      View Details
    • $524,500
      0.34 Acres

      Completed Duplex with Leased Units

      Duplex completed in 2025, each unit with 3 bedrooms.
      1213 Mill St, Gainesville, TX 76240
      View Details
    • $1,395,000
      71.00 Acres

      71 Acre Ranch Near Gainesville

      71 acre ranch ideal for estate or equestrian retreat.
      1258 County Road 352, Gainesville, TX 76240
      View Details
    • New
      $350,000
      11.10 Acres

      Gainesville Ranch with Water Views

      11-acre ranch property with pond, equestrian facilities, and Ag-exemption.
      164 Jrc Rnch Ct, Gainesville, TX 76240
      View Details
    • $679,000
      0.31 Acres

      Downtown Gainesville Retail/Office Opportunity

      Four units near courthouse with retail/office potential. Owner financing available.
      710 E California St, Gainesville, TX 76240
      View Details
    • $1,599,000
      3,638 SF

      Gainesville Ranch with Custom Home

      25-acre Gainesville property featuring a custom-built home and ranch amenities.
      1397 County Road 338, Gainesville, TX 76240
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Unique 2-bedroom barndominium on over 10 acres in Gainesville.
    Where is this horse & equestrian property located?
    The property is located at 1696 County Road 222 Gainesville, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Over 10 acres of land offering expansive views and ample space.; - Unique rustic barndominium with modern amenities.; - Gourmet kitchen with butcher block countertops, travertine backsplash, farmhouse sink, and stainless steel appliances.
    (940) 243-7638
    Request Owner's contact information
    1696 County Road 222 Gainesville, TX 76240
    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.
    1696 County Road 222
    Gainesville, TX 76240
    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
    1696 County Road 222 Gainesville, TX 76240
    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
    Kelsi Bannahan
    Real Estate License ID: 0646679
    (940) 243-7638 (940) 243-7368 (940) 391-9852
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!