Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    28 Acres Near Palo Pinto Title is generated by Realmo AI

    Tbd Ward Mt, Santo, TX 76472

    View on Map
    Claim this Listing
    New
    For Sale
    $600,600

    Ranch - Santo, TX

    Type:Ranch
    Lot size:
    28.60 Acres
    Added:
    May 29, 2026
    Days on Market:
    3
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for Tbd Ward Mt

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    R9273
    Lot size
    28.60 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Shilene Arwood

    Listing agent Shilene Arwood License #0505540

    Listing office Cornerstone Home and Ranch 102 NE 2nd, Mineral Wells, TX

    Listing date May 29, 2026

    MLS# 21284181 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

    • 28 acre property offering open pasture and partially wooded terrain.
    • Minutes from Palo Pinto Lake.
    • Versatile property suitable for homesite, recreation, ranch, or investment.
    • Land previously produced coastal grass, ideal for grazing or agriculture.
    • Located in the Santo Independent School District.
    • Ranch architectural style.

    Overview

    This 28.6 acre property is located minutes from Palo Pinto Lake and features a mix of open pasture and partially wooded terrain. The land has previously produced coastal grass, making it well suited for grazing or agricultural use. The property offers possibilities for a future homesite, recreational retreat, ranch use, or investment opportunity. It provides peaceful country living with convenient access to the lake while benefiting from the Santo Independent School District. The property is located in Santo, TX.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Santo
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.233806
    Latitude
    32.62981

    Nearby Similar for Sale

    • $975,000
      2,538 SF

      Santo, TX Farm/Ranch Property

      20-acre farm/ranch with a well-maintained home and park-like setting.
      970 Live Oak Road, Santo, TX 76472
      View Details
    • $2,699,999
      3,600 SF

      Equestrian Estate with Mountain Views

      Luxury ranch living on over 75 acres in Santo, TX.
      1084 Beddo Mountain, Santo, TX 76472
      View Details
    • $250,000

      Palo Pinto County Land

      20 acres of rolling pastures and gentle hills.
      0000 S Bosley Rd, Santo, TX 76472
      View Details

    FAQs

    What type of property is this?
    Ranch - 28 acre property near Palo Pinto Lake in Santo, TX.
    Where is this ranch located?
    The property is located at Tbd Ward Mt Santo, TX.
    What is the asking price?
    The asking price for this property is $600,600.
    What are key features of this property?
    This property features: 28 acre property offering open pasture and partially wooded terrain.; Minutes from Palo Pinto Lake.; Versatile property suitable for homesite, recreation, ranch, or investment.
    (940) 452-7915
    We can help!
    Listing Contact
    Shilene Arwood
    Real Estate License ID: 0505540
    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

    Thank You for Inquiry
    Tbd Ward Mt, Santo, TX 76472
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!