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    Horse Ranch Land with Private Lake Title is generated by Realmo AI

    4640 Noell Road, Anna, TX 75409

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    For Sale
    $8,000,000

    LAND - Anna, TX

    Property size:
    1,200 SF
    Lot size:
    274.48 Acres
    Price / SF:
    $6,666/SF
    Added:
    Mar 27, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 4640 Noell Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Gate, Fenced
    Standard status
    Active
    APN
    R674200205501
    Lot size
    274.48 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0742 MARK ROBERTS SURVEY, SHEET 2, TRACT 55
    Tax Annual Amount
    5271

    Utilities

    Sewer type
    Septic Tank
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1985
    Additional Structures
    Arena

    We can help!

    Listing Contact
    Tina Thomas

    Listing agent Tina Thomas License #0621576

    Listing office Coldwell Banker Apex, REALTORS Plano, TX

    Listing date Mar 27, 2026

    MLS# 21126061 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

    • Just under 275 acres of rolling land with lake frontage and a 5‑acre lake with dam maintained by the Corps of Engineers
    • Multiple ranch buildings: 80x120 insulated metal shop with concrete floor, electric and water
    • Equestrian facilities include a 120x150 indoor arena with 9 horse stalls, tack room and wash station
    • Horse barns and support buildings: 60x80 horse barn with six stalls and double foaling stall, plus 40x60 hay barn
    • Additional pasture infrastructure with gated, fenced property and 5 additional 12x20 loafing sheds
    • Two‑parcel listing: 271.082 acres (Tract 55) plus 3.4 acres (Tract 70), built in 1985; septic tank sewer and not‑habitable 2‑story 1,200‑SF log home

    Overview

    This former Noelling Hills Horse Ranch spans rolling, tree-lined land and includes a 5-acre lake with a dam that the Corps of Engineers maintains. The property is improved with multiple agricultural and equestrian structures designed for day-to-day operations, including an 80x120 insulated metal shop with a concrete floor plus electric and water, and a 120x150 indoor arena with nine horse stalls, a tack room, and a wash station. Additional improvements include a 60x80 horse barn with six stalls and a double foaling stall, a 40x60 hay barn with a natural floor, and five 12x20 loafing sheds distributed across the pastures. There is also a two-story 1,200-square-foot log home on site that is not currently habitable.

    The property is in Exemplary Anna ISD and is located off FM 3133, with access to shopping, schools, medical care, and entertainment. The south side of the property runs along Sister Grove Creek, and the listing includes two parcels: ABS A0742 Mark Roberts Survey, Sheet 2, Tract 55 (271.082 acres) and Tract 70 (3.4 acres).

    With extensive existing ranch infrastructure and generous open land, the site is well-suited for buyers looking to bring the equestrian operation back to life, as well as developers exploring a residential subdivision or mixed-use concept that can be designed around the lake and mature landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Anna
    County
    Collin
    State
    Texas
    Longitude
    -96.507872
    Latitude
    33.39331

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    FAQs

    What type of property is this?
    Horse & equestrian property - Rolling acreage with an equestrian facility set-up and a 5-acre lake, offering redevelopment or ranch restoration potential.
    Where is this horse & equestrian property located?
    The property is located at 4640 Noell Road Anna, TX.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Just under 275 acres of rolling land with lake frontage and a 5‑acre lake with dam maintained by the Corps of Engineers; Multiple ranch buildings: 80x120 insulated metal shop with concrete floor, electric and water; Equestrian facilities include a 120x150 indoor arena with 9 horse stalls, tack room and wash station
    (972) 208-8797
    We can help!
    Listing Contact
    Tina Thomas
    Real Estate License ID: 0621576
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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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