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

    Tract 23 STATE Avenue Stephenville, TX 76401

    View on Map
    Claim this Listing
    New
    For Sale
    $200,000

    Unimproved Land - Stephenville, TX

    Type:Unimproved Land
    Lot size:
    10.10 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 19 at 10:06 pm

    Property Features for Tract 23 STATE Avenue

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000026290
    Lot size
    10.10 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nikki Light

    Listing agent Nikki Light License #0705405

    Listing office Light Realty 604 Lower Granbury Road, Stephenville, TX

    Listing date Apr 15, 2026

    MLS# 21239855 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.

    Overview

    Stephenville Land for Country Living

    This is a new subdivision in Stephenville, Texas, offering country living with secluded lots on an established road. The properties range from 10 to 23+ acres and feature mature hardwoods and scattered ponds. The location offers open fresh air and views of Texas sunsets. The natural rolling landscapes make it suitable for raising a family. Residents can build their dream home in one of the sought-after new land developments, choosing their own builder and building when ready. The location is near the City of Stephenville. Minimal restrictions apply. The property is part of the Texan Ranch West Estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.2492
    Latitude
    32.2465

    Nearby Similar for Sale

    • $995,000

      Stephenville Industrial Multi-Use Facility

      Multi-use industrial facility with retail, warehouse, and storage spaces.
      1208 E Washington Street, Stephenville, TX 76401
      View Details
    • $550,000

      Versatile Commercial Property Near Historic Square

      2,600 sqft office/retail space near Stephenville's historic square.
      240 W Green Street, Stephenville, TX 76401
      View Details
    • $325,000

      Stephenville Land Development Opportunity

      0.35-acre land in Stephenville, TX, zoned B-3.
      0 Crow Street, Stephenville, TX 76401
      View Details
    • $1,995,000

      Stephenville Retail Property on Highway

      Commercial property on 3.58 acres with highway frontage.
      6688 S US Highway 377, Stephenville, TX 76401
      View Details
    • $210,000

      Commercial Property in Stephenville, TX

      Commercial property with updates, suitable for office or investment.
      1102 Washington Street, Stephenville, TX 76401
      View Details
    • $985,000

      Boutique Hotel Near Tarleton University

      Turn-key boutique hotel near Tarleton State University.
      1092 W Tarleton Street, Stephenville, TX 76401
      View Details
    • $994,500

      Prime Commercial Land in Stephenville

      High-traffic commercial land near university and stadium in Stephenville, TX.
      2309 W Washington Street, Stephenville, TX 76401
      View Details
    • $850,000

      Versatile Commercial Property in Stephenville

      Adaptable space suitable for medical, therapy, or educational purposes.
      205 River N. Boulevard, Stephenville, TX 76401
      View Details
    • $1,200,000

      Stephenville Multi-Use Commercial Property

      2.54ac multi-use property with frontage on Hwy 377 & CR351.
      5346 S US Highway 377, Stephenville, TX 76401
      View Details
    • $275,000

      Highway Frontage Commercial Building

      Versatile commercial building with high visibility on US Highway 281.
      21963 N US Highway 281, Stephenville, TX 76401
      View Details
    • $390,000

      Stephenville Duplex in Golf Community

      Investment opportunity: duplex in established golf course neighborhood.
      167 & 169 Ben Hogan Drive, Stephenville, TX 76401
      View Details
    • $780,000

      High Visibility Retail Opportunity

      Retail space in revitalized Stephenville, high traffic location.
      367 E Washington Street, Stephenville, TX 76401
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Unimproved land in Stephenville, Texas, with no HOA.
    Where is this agricultural land / farmland located?
    The property is located at Tract 23 STATE Avenue Stephenville, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Large 10‑23+ acre lots offer secluded country living.; No HOA fees and minimal restrictions provide flexibility.; Located just 5 minutes from the City of Stephenville.
    (817) 964-7559
    We can help!
    Listing Contact
    Nikki Light
    Real Estate License ID: 0705405
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!