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    258 County Road 206 Ovalo, TX 79541

    Sponsored
    For Sale
    $920,100

    Improved Land - Ovalo, TX

    Property size:
    1,000 SF
    Lot size:
    118.08 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 24 at 4:06 am

    Property Features for 258 County Road 206

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    971958
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Fire Pit, Private Entrance, Rv Hookup, Stable/Barn, Fence
    Fencing
    Fenced
    Size
    1,000 SF
    Lot size
    118.08 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Year built
    2007
    Architectural style
    Other
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Teresa Lee

    STEPHENS RANCH HAND REAL EST-EARLY (325) 646-1229

    Listing agent Teresa Lee (325) 646-1229 License #0527243

    Listing date Feb 11, 2026

    MLS# 21176747 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

    Wooded Ranchland Near Abilene

    This 118-acre ranchland features wooded, gently rolling terrain, offering recreational and rural living opportunities near Abilene, within the Jim Ned Independent School District. The property includes a 1,000 sq. ft. home with 2 bedrooms, 1 bath, an open-concept kitchen and living area, and an upstairs loft with two queen-size beds. The living room features a wood-burning stove, with mini-split units for heating and cooling. The home is electric and has a propane instant hot water heater. The property has four stock tanks, several stocked with fish, and a creek, providing surface water. Improvements include a pole barn with working pens, hunting blinds and feeders, and Barnes wire and net fencing. Electricity is available at the home and barn with two electric meters, and there are two water meters in place. Municipal water service is available, and septic is in place at the main residence. The dual meters provide opportunity for an additional residence. Wildlife includes whitetail deer, Rio Grande turkey, dove, quail, ducks, and hogs. The property is suitable for hunting, fishing, cattle, recreation, or full-time country living. County Road 206 frontage provides access while maintaining privacy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Ovalo
    County
    Taylor
    State
    Texas
    Longitude
    -99.93723653
    Latitude
    32.12910675

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    • $3,900,000
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    FAQs

    What type of property is this?
    Ranch - 118-acre ranch with home, tanks, and abundant wildlife.
    Where is this ranch located?
    The property is located at 258 County Road 206 Ovalo, TX.
    What is the asking price?
    The asking price for this property is $920,100.
    What are key features of this property?
    This property features: - 118± acres of wooded ranchland with creek and 4 stock tanks (some stocked with fish), ideal for recreation and wildlife.; - Minutes from Abilene in Jim Ned ISD, offering convenient access to city amenities while maintaining a rural lifestyle.; - Comfortable 1,000 sq. ft. home with 2 bedrooms, 1 bath, open-concept living area, loft, and wood-burning stove.
    (325) 646-1229
    Request Owner's contact information
    258 County Road 206 Ovalo, TX 79541
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    Ovalo, TX 79541
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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
    258 County Road 206 Ovalo, TX 79541
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    We can help!
    Listing Contact
    Teresa Lee
    Real Estate License ID: 0527243
    (325) 646-1229 (325) 647-5461
    Learn more
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