Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    High Lonesome lot 28 Sonora, TX 76950

    View on Map
    Claim this Listing
    For Sale
    $263,540

    LAND - Sonora, TX

    Lot size:
    131.78 Acres
    Added:
    Apr 12, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 20 at 1:06 pm

    Property Features for High Lonesome lot 28

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    128790
    Lot size
    131.78 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    We can help!

    Listing Contact
    Thomas Johnston
    Thomas Johnston

    Listing agent Thomas Johnston License #0542176

    Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX

    Listing date Apr 12, 2026

    MLS# 173837 Listing URL

    Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Sonora, Texas

    This property, located in the High Lonesome North Subdivision, consists of 131.78 acres and is situated approximately 3.4 miles south of the Devils River. The land features rolling hills with elevations ranging from 1,876 feet to 2,058 feet, with some rough patches and washouts. Buckley Draw traverses the ranch, serving as a water reliever route for the Devils River, which supports consistent brush growth. The property is located in Sonora, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Sonora
    County
    Sutton
    State
    Texas
    Longitude
    -100.538
    Latitude
    30.4983

    Nearby Similar for Sale

    • $3,670,000

      780-Acre Ranch with Hunting Potential

      Prime hunting ground with multiple species of exotics.
      2200 Private Road 3312, Sonora, TX 76950
      View Details
    • $10,019,709
      2,035 SF

      Improved Ranch for Cattle and Hunting

      2602+ acre ranch ideal for outdoor enthusiasts and ranchers.
      1815 Ranch Road 2597, Sonora, TX 76950
      View Details
    • $605,764

      Sonora Land with Rolling Hills

      327.44 acres near Devils River with well access.
      High Lonesome, Sonora, TX 76950
      View Details
    • $659,840

      Hunting Land Near Devils River

      356.67 acres near Devils River with hunting camp.
      Brando Rd, Sonora, TX 76950
      View Details
    • $40,000

      Sonora, TX Land For Sale

      Residential land with redevelopment potential in Sonora, Texas.
      509 Amistad Street, Sonora, TX 76950
      View Details
    • $1,200,000

      Sutton County Ranch Land

      200-acre working ranch near Sonora with luxury homesite potential.
      3420 NE County Rd 2596, Sonora, TX 76950
      View Details
    • $325,775

      157 Acres Hunting Land, Sonora

      157 acres with abundant wildlife near Sonora, Texas.
      Van Cleef Rd, Sonora, TX 78837
      View Details
    • $257,280

      Ranch Land Near Devils River

      128.64 acre ranch land 6 miles east of Juno.
      Brando Rd lot: 50, Sonora, TX 76950
      View Details
    • $101,000

      Sonora, TX Land For Sale

      50.5 acre ranch land for sale near Juno, Texas.
      Brando Rd lot: 8, Sonora, TX 76950
      View Details
    • $175,580

      Ranch Land Near Devils River

      87.79 acre ranch land 6 miles East of Juno.
      Brando Rd lot: 14, Sonora, TX 76950
      View Details
    • $257,280

      Ranch Land Near Devils River

      128.64 acre ranch land 6 miles East of Juno, TX.
      Brando Rd lot: 50, Sonora, TX 76950
      View Details
    • $101,000

      Sonora, TX Land For Sale

      50.05 acre ranch property located near Juno and Devils River.
      Brando Rd lot: 8, Sonora, TX 76950
      View Details

    FAQs

    What type of property is this?
    Land - 131.78 acres of land located near Devils River.
    Where is this land located?
    The property is located at High Lonesome lot 28 Sonora, TX.
    What is the asking price?
    The asking price for this property is $263,540.
    What are key features of this property?
    This property features: Proximity to the Devils River (3.4 miles south).; High elevation range (2058' high - 1876' low).; Gentle rolling hills with some rough patches.
    (432) 688-8200
    We can help!
    Listing Contact
    Thomas Johnston
    Thomas Johnston
    Real Estate License ID: 0542176
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!