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    Ranch Land with Pond and Barn Title is generated by Realmo AI

    20304 S US Highway 377, Dublin, TX 76446

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    Claim this Listing
    For Sale
    $2,000,000

    LAND - Dublin, TX

    Lot size:
    108.91 Acres
    Added:
    May 9, 2026
    Days on Market:
    28
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 20304 S US Highway 377

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000020806
    Lot size
    108.91 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 108.91 A0422 IVES CALEB S & 1220 W C
    Tax Annual Amount
    1699

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Space Heater
    Cooling system
    Ceiling Fan(s), Window Unit(s)
    Water source
    Well

    Building Details

    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    J J HAMPTON

    Listing agent J J HAMPTON

    Listing office J.J. HAMPTON REALTY Stephenville, TX

    Listing date May 9, 2026

    MLS# 21264900 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

    • 108.91 acres of ranch land just outside the city limits of Dublin, TX, with a small portion inside city limits
    • Land includes cattle infrastructure: cattle pens, a loading chute, and a hay barn
    • Pond on the property for a natural water source for animals
    • Water access includes well water, with access to city water through the portion inside city limits
    • Septic tank system and space heater/ceiling fan/window unit cooling noted
    • Includes an old rock building/bunk house with a shower and bath

    Overview

    Ranch land spanning 108.91 acres with a natural mix of oak trees and scenic views. A small portion sits inside the city limits, and the property offers access to city water. For day-to-day ranching needs, there are cattle pens, a loading chute, and a hay barn already in place, along with a pond that can serve as a natural water source for animals. An older rock building is also present, currently used as a bunk house with a shower and bath, suited to an overnight retreat or weekend getaway.

    The property is located just outside the city limits of Dublin, Texas, with the address at 20304 S US Highway 377. It is described as only minutes from downtown Dublin and about 10 miles from Stephenville city limits, supporting both recreational use and a straightforward transition toward small-town ranch living.

    This is a strong fit for buyers looking for productive ranch land and practical on-site improvements without starting from scratch. The existing livestock and storage features make it well-suited for continuing cattle operations, while the build-ready setting and city-water access support long-term plans for a residence and continued ranch use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Erath
    State
    Texas
    Longitude
    -98.3370004
    Latitude
    32.1023882

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    FAQs

    What type of property is this?
    Ranch - Ranch property with cattle infrastructure, hay barn, and a natural pond, offering room to build near town.
    Where is this ranch located?
    The property is located at 20304 S US Highway 377 Dublin, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 108.91 acres of ranch land just outside the city limits of Dublin, TX, with a small portion inside city limits; Land includes cattle infrastructure: cattle pens, a loading chute, and a hay barn; Pond on the property for a natural water source for animals
    (254) 965-4717
    We can help!
    Listing Contact
    J J HAMPTON
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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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