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    The Largest CRE Database in the US with Over 1 Million Listings

    6135 Dobbs Valley Rd Millsap, TX 76066

    Sponsored
    For Sale
    Under Contract
    $1,495,000

    Farm/Ranch - Millsap, TX

    Type:Farm
    Property size:
    4,474 SF
    Lot size:
    30.00 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 23 at 6:06 pm

    Property Features for 6135 Dobbs Valley Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    5
    APN
    25762
    Parking features
    Carport, Covered
    Patio and Porch features
    Deck
    Interior features
    Cable Tv Available, Decorative Lighting, Double Vanity, High Speed Internet Available, Kitchen Island, Loft, Multiple Staircases, Natural Woodwork, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-in Closet(s), Second Primary Bedroom
    Exterior features
    Attached Grill, Barbecue, Built-in Barbecue, Covered Deck, Fire Pit, Gas Grill, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Oven - Double, Refrigerator, Washer
    Size
    4,474 SF
    Lot size
    30.00 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Fireplace(s), Pellet Stove (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Flooring type
    Carpet, Concrete, Tile, Tile - Ceramic
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Outdoor Kitchen, Stable(s)

    We can help!

    Listing Contact
    Benjamin Clark

    KELLER WILLIAMS REALTY (940) 484-9411

    Listing agent Benjamin Clark (940) 484-9411 License #0611947

    Listing date Jan 21, 2026

    MLS# 20998211 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

    Millsap Ranch with Stone Home

    Located in Millsap, this private 30-acre ranch features a unique 3-story stone home designed for comfortable living and entertaining. The 4,474 square foot home is nestled into the hillside. The walk-out basement serves as a game room, complete with a half bath. The main floor includes two primary bedrooms, a primary bathroom, a full guest bath, a spacious living room, a functional kitchen, and a laundry area. Upstairs, a loft space overlooks the living area and leads to two additional bedrooms, each with their own private full bathrooms. Outside there is a pool and hot tub just off the back patio, with a pool house that includes a half bath and shower. The outdoor kitchen and stone fireplace create a space for gathering year-round. All of the rock used in the fireplace, pool area, and retaining walls was sourced directly from the property. A 40' x 50' shop offers room for tractors, trailers, and tools. The horse barn includes four 12’x12’ stalls, a tack room, and is connected to working pens with a cattle chute. The pasture has been cut for hay, providing extra forage for cattle, horses, or other animals. This property delivers the space, privacy, and infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Millsap
    County
    Parker
    State
    Texas
    Longitude
    -98.07710579
    Latitude
    32.73382186

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    FAQs

    What type of property is this?
    Ranch - Private 30-acre ranch featuring a unique 3-story stone home.
    Where is this ranch located?
    The property is located at 6135 Dobbs Valley Rd Millsap, TX.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Unique 3-story stone home with comfortable living and entertaining spaces.; - **Outdoor Amenities:** Pool, hot tub, pool house, outdoor kitchen, and stone fireplace.; - Ranch-ready with a 40' x 50' shop, horse barn with stalls, tack room, working pens, and cattle chute.
    (940) 484-9411
    Request Owner's contact information
    6135 Dobbs Valley Rd Millsap, TX 76066
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    Millsap, TX 76066
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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
    6135 Dobbs Valley Rd Millsap, TX 76066
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    We can help!
    Listing Contact
    Benjamin Clark
    Real Estate License ID: 0611947
    (940) 484-9411
    Learn more
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