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    3885 County Road 522 Stephenville, TX 76401

    Sponsored
    For Sale
    $599,000

    Farm/Ranch - Stephenville, TX

    Type:Farm
    Property size:
    2,000 SF
    Lot size:
    18.48 Acres
    Days on Market:
    40
    Last Refresh:
    Jan 23 at 4:06 am

    Property Features for 3885 County Road 522

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Property condition
    New Construction
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    3
    APN
    R000077589
    Interior features
    Open Floorplan
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    2,000 SF
    Lot size
    18.48 Acres

    Utilities

    Water front features
    Creek

    Building Details

    Year built
    2023
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Penny Corona
    Penny Corona

    UCRE Hill Country Pros (254) 248-0809

    Listing agent Penny Corona (254) 226-8893 License #0692653

    Listing date Dec 15, 2025

    MLS# 20976033 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

    Equine Property with Custom Home

    This Texas property offers the opportunity to create an equine property. The approximately 2,000 sq ft home is currently under construction, allowing for customization of the interior layout and finishes. Attached to the home is a 3,600 sq ft shop, complete with three-phase electric and plumbing in place for a restroom, suitable for a business, workshop, equipment storage, or hobby space. A 2,700 sq ft three-sided barn is ready to be transformed into a horse barn with multiple stalls, plus room for a tack room and feed room. The 18.48-acre land is fully fenced with a mix of no-climb wire and barbed wire and features gently rolling hills, a seasonal creek, and pasture ideal for grazing, livestock, or future improvements. The property is located in Dublin ISD and near Dublin, Stephenville, Hamilton, and Hico, combining rural living with access to nearby towns. It is suited for a small ranch, equestrian setup, live-work property, or a custom country retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.22112072
    Latitude
    32.08873067

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    FAQs

    What type of property is this?
    Horse & equestrian property - Equine property featuring a customizable home, shop, and barn.
    Where is this horse & equestrian property located?
    The property is located at 3885 County Road 522 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Equine property opportunity with existing infrastructure ready to be customized.; - Large 3,600 sq ft shop with **three-phase electric and plumbing**, suitable for business or hobbies.; - **2,700 sq ft three-sided barn** convertible to a horse barn with stalls, tack room, and feed room.
    (254) 226-8893
    Request Owner's contact information
    3885 County Road 522 Stephenville, TX 76401
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    Stephenville, TX 76401
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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
    3885 County Road 522 Stephenville, TX 76401
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    We can help!
    Listing Contact
    Penny Corona
    Penny Corona
    Real Estate License ID: 0692653
    (254) 226-8893
    Learn more
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