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    522 S Caddo St Lipan, TX 76462

    Sponsored
    For Sale
    $825,000

    Farm/Ranch - Lipan, TX

    Type:Farm
    Property size:
    1,494 SF
    Lot size:
    8.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 1 at 7:06 am

    Property Features for 522 S Caddo St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    R000045816
    Parking features
    Other, RV, Secured
    Interior features
    Cable Tv Available, Eat-in Kitchen, Open Floorplan
    Exterior features
    Rv Hookup, Stable/Barn
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Garbage Disposer, Washer
    Size
    1,494 SF
    Lot size
    8.00 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1985
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Nancy Russell

    Fathom Realty, LLC (888) 455-6040

    Listing agent Nancy Russell (888) 455-6040 License #0720263

    Listing date Feb 26, 2026

    MLS# 21191137 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

    Turnkey Horse Property in Lipan

    This 8-acre horse property in Lipan, TX, features a 1,494 square foot home with 3 bedrooms and 2 bathrooms, along with complete equestrian facilities. The improvements include a 150 X 250 piped roping arena, equipped with a Priefert chute. There are 9 100 X 100 turnouts, each with shelter, water, and electric, as well as 11 frost-freeze hydrants. The barn includes a tack-feed room and 5 oversized stalls (14 X 24) that could be converted to 10 stalls. The property also features a separate 800 sq ft apartment with 1 bedroom and 1 bathroom, suitable for additional income or guest quarters. A workshop with electric is also present. The backyard is fenced and includes a building that could serve as a game room. There are 2 entrances to the property. The property is equipped with 4-30 amp RV plugs. Located outside city limits, the property is the last one eligible for city water. It is located 30+ minutes from Stephenville, Granbury, Weatherford and Mineral Wells.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Lipan
    County
    Hood
    State
    Texas
    Longitude
    -98.052522
    Latitude
    32.499147

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    FAQs

    What type of property is this?
    Horse & equestrian property - Equipped horse property with arena, turnouts, and living accommodations.
    Where is this horse & equestrian property located?
    The property is located at 522 S Caddo St Lipan, TX.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Turn-key 8-acre horse property with complete equestrian setup including a 150 X 250 piped roping arena with chute and 9 turnouts with shelter, water and electric.; - Includes an 800 sq ft apartment, ideal for rental income (previously $1,500/month) or guest quarters, featuring 1 bed and 1 bath.; - Barn features a tack/feed room and 5 oversized (14 X 24) stalls convertible to 10.
    (888) 455-6040
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    522 S Caddo St Lipan, TX 76462
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    Lipan, TX 76462
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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
    522 S Caddo St Lipan, TX 76462
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    We can help!
    Listing Contact
    Nancy Russell
    Real Estate License ID: 0720263
    (888) 455-6040
    Learn more
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