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    East Texas Ranch Retreat Title is generated by Realmo AI

    509 County Road 35985, Powderly, TX 75473

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    Claim this Listing
    New
    For Sale
    $549,000

    Traditional, Farm/Ranch - Powderly, TX

    Type:Farm
    Property size:
    1,290 SF
    Lot size:
    24.12 Acres
    Price / SF:
    $425/SF
    Added:
    May 22, 2026
    Days on Market:
    7
    Last Refresh:
    May 28 at 9:06 am

    Property Features for 509 County Road 35985

    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
    Carport, Driveway, Garage, RV
    Interior features
    Pantry
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Garbage Disposer, Oven - Gas, Washer
    Standard status
    Active
    APN
    51635
    Size
    1,290 SF
    Lot size
    24.12 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl
    Roof type
    Composition
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Kasey Taylor

    Listing agent Kasey Taylor License #0812808

    Listing office Agency Dallas Park Cities, LLC 8111 Preston Road Suite 725, Dallas, TX

    Listing date May 22, 2026

    MLS# 21191431 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

    • Scenic 3.5± acre lake KNOWN FOR STRONG BASS FISHING (recorded catch over 7 pounds).
    • 24± acre property OFFERING A BALANCE OF OPEN PASTURE AND PINE‑STUDDED TIMBER, ideal for recreation and relaxed country living.
    • Well‑situated 3‑bedroom, 2‑bath home (approx. 1,290 sq ft) with open floor plan and peaceful covered back patio.
    • Multiple barns providing ample space for equipment, storage, or hobbies.
    • Convenient location in Powderly, near Paris, offering privacy and seclusion with easy access to town.
    • Established shooting range and abundant wildlife (deer, waterfowl, etc.) for hunting and wildlife viewing.

    Overview

    Located in Lamar County, Stillwater at Powderly Ranch is a 24.12-acre property featuring a 3.5-acre lake and a blend of open pasture and pine timber. The property includes a 1,290-square-foot home with 3 bedrooms and 2 bathrooms. The home has an open floor plan, a front porch overlooking the gated entrance and pasture, and a covered back patio facing the barns and rolling hardwoods. Multiple barns provide space for equipment, storage, or hobbies. The 3.5-acre lake is known for bass fishing. The land features gentle elevation changes, a mix of hardwoods and pines, and a network of trails. Wildlife including deer, waterfowl, coyotes, bobcats, and feral hogs frequent the area. An established shooting range is present on the property. The usable open ground is suitable for light grazing or agricultural use. Located in Powderly, north of Paris, the property offers convenient access to town while maintaining privacy. The property is suited as a recreational retreat or full-time country residence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Department Store Food Market Grocery & Convenience Store Storage Facility Car Rental Facility Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Powderly
    County
    Lamar
    State
    Texas
    Longitude
    -95.52172
    Latitude
    33.838221

    FAQs

    What type of property is this?
    Ranch - 24-acre ranch with a 3-bedroom home and 3.5-acre lake.
    Where is this ranch located?
    The property is located at 509 County Road 35985 Powderly, TX.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Scenic 3.5± acre lake KNOWN FOR STRONG BASS FISHING (recorded catch over 7 pounds).; 24± acre property OFFERING A BALANCE OF OPEN PASTURE AND PINE‑STUDDED TIMBER, ideal for recreation and relaxed country living.; Well‑situated 3‑bedroom, 2‑bath home (approx. 1,290 sq ft) with open floor plan and peaceful covered back patio.
    (336) 743-0336
    We can help!
    Listing Contact
    Kasey Taylor
    Real Estate License ID: 0812808
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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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