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    2416 County Road 317 Keene, TX 76031

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    Claim this Listing
    For Sale
    $875,000

    Ranch,Southwestern, Farm/Ranch - Keene, TX

    Type:Farm
    Property size:
    1,598 SF
    Lot size:
    18.38 Acres
    Price / SF:
    $547/SF
    Added:
    Mar 25, 2026
    Days on Market:
    33
    Last Refresh:
    Apr 26 at 5:06 am

    Property Features for 2416 County Road 317

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Covered, Garage, Oversized, RV, Workshop
    Patio and Porch features
    Patio, Porch
    Interior features
    Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Open Floorplan, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rv/Boat Parking, Storage, Other, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Washer
    Standard status
    Active
    APN
    126087500153
    Size
    1,598 SF
    Lot size
    18.38 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Floors in Building
    1
    Flooring type
    Tile, Tile - Ceramic, Wood
    Building materials
    Frame, Vinyl Siding
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    RV/Boat Storage, Storage

    We can help!

    Listing Contact
    Larry Leach
    Larry Leach

    Listing agent Larry Leach License #0453945

    Listing office LL Homes, LLC P.O. Box 1971, Fort Worth, TX

    Listing date Mar 25, 2026

    MLS# 21157930 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

    Keene Ranch with Commercial Potential

    Located just off Business Highway 67 between Cleburne and Keene, this property offers convenient highway access. The updated ranch-style home features three bedrooms and two bathrooms. The second and third bedrooms have separate entry/exit doors. The front portion of the 18.38-acre property is zoned commercial but is currently used for agricultural purposes. Several outbuildings are present, including an oversized three-car garage with a game room or office on the second floor, a large 60 x 70 shop with 14 ft drive-through overhead doors suitable for parking large equipment, and an old railroad car used for storage, along with several other storage buildings. Water is supplied by JCSUD, and there is also a private water well for watering. The property offers potential owner financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Keene
    County
    Johnson
    State
    Texas
    Longitude
    -97.342029
    Latitude
    32.372773

    Nearby Similar for Sale

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      Keene Quadruplex Near University

      Investment opportunity near Southwestern Adventist University with strong rental demand.
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    • $295,000

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    FAQs

    What type of property is this?
    Ranch - Updated ranch on 18.38 acres with commercial zoning potential.
    Where is this ranch located?
    The property is located at 2416 County Road 317 Keene, TX.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Large 60 x 70 shop with 14 ft drive‑through overhead doors, ideal for large equipment.; Oversized three‑car garage with a game room or office on the second floor.; Commercially zoned front portion of the property, currently used for AG.
    (817) 307-7653
    We can help!
    Listing Contact
    Larry Leach
    Larry Leach
    Real Estate License ID: 0453945
    Learn More
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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
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