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    7550 Us Highway 287 E Vernon, TX 76384

    Sponsored
    For Sale
    $190,000

    Barndominium, Farm/Ranch - Vernon, TX

    Type:Farm
    Property size:
    1,300 SF
    Lot size:
    2.96 Acres
    Days on Market:
    127
    Last Refresh:
    Feb 26 at 1:06 pm

    Property Features for 7550 Us Highway 287 E

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1
    Bedrooms
    1
    Bathrooms
    1
    APN
    9664001
    Interior features
    Built-in Features
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    1,300 SF
    Lot size
    2.96 Acres

    Utilities

    Heating system
    Propane (Heating)
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1980
    Floors in Building
    1
    Flooring type
    Wood
    Building materials
    Aluminum Siding
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Beau Byars

    B&B Legacy Group, LLC (940) 357-9940

    Listing agent Beau Byars (940) 357-9940 License #0580737

    Listing date Oct 23, 2025

    MLS# 21091706 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

    Vernon, TX Horse Facility

    Located just east of Vernon, TX, along Highway 287, this well-maintained horse facility offers a unique opportunity. The property, spanning 2.96 acres, has been under the same family's ownership for decades. It features approximately 3,200 ft of single rail pipe fence with cedar stays around the perimeter, along with cross fencing. The setup includes seven separate horse pens, with room to build additional runs. A 96 ft x 22 ft indoor stall barn houses six stalls, additional stall areas, an enclosed pen, and a covered wash bay. There is also a 100 ft x 25 ft open barn with pen and a 70 ft x 22 ft open barn with pen. Equipment storage is provided in a 28 ft x 26 ft area, which includes an enclosed tack room. The property also features a small shop area with included tools. A 340 ft x 110 ft roping arena, complete with a return alley and stripping chute, is suitable for team roping, calf roping, and steer roping. The ranch includes a 1,300 sq ft apartment with one bedroom, a kitchen, a living room, and an additional room. The land features sandy loam soils. The property is serviced by Oklaunion Water Authority and has an electric and septic system for the apartment. The ranch has the ability to house up to 15 horses. Also included is an open cab JD tractor with front end loader and implements (plow, box drag and hay fork), a horse walker and 20 ft container.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Auto Parts Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Wilbarger
    State
    Texas
    Longitude
    -99.22168
    Latitude
    34.145623

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    FAQs

    What type of property is this?
    Horse & equestrian property - Well-maintained horse facility on 2.96 acres near Highway 287.
    Where is this horse & equestrian property located?
    The property is located at 7550 Us Highway 287 E Vernon, TX.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - 2.96 +/- acre horse facility with the ability to house up to 15 horses.; - Roping arena (340 ft x 110 ft) with return alley and stripping chute.; - Indoor stall barn (96 ft x 22 ft) with 6 stalls, additional stall areas, enclosed pen, and covered wash bay.
    (940) 357-9940
    Request Owner's contact information
    7550 Us Highway 287 E Vernon, TX 76384
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    Vernon, TX 76384
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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
    7550 Us Highway 287 E Vernon, TX 76384
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    We can help!
    Listing Contact
    Beau Byars
    Real Estate License ID: 0580737
    (940) 357-9940
    Learn more
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