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    Texas Ranch with Workshop and Barn Title is generated by Realmo AI

    10860 Farm Road 197, Arthur City, TX 75411

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    Claim this Listing
    For Sale
    $4,500,000

    Farm/Ranch - Arthur City, TX

    Type:Farm
    Property size:
    1,560 SF
    Lot size:
    398.78 Acres
    Price / SF:
    $2,884/SF
    Added:
    May 21, 2026
    Days on Market:
    8
    Last Refresh:
    May 28 at 7:06 am

    Property Features for 10860 Farm Road 197

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Covered, Garage
    Interior features
    Built-in Features
    Appliances
    Cooktop, Cooktop - Electric, Microwave
    Standard status
    Active
    APN
    52158
    Size
    1,560 SF
    Lot size
    398.78 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2013
    Floors in Building
    1
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Rusty Lowe
    Rusty Lowe

    Listing agent Rusty Lowe License #0435783

    Listing office Century 21 Harvey Properties-P 2550 Lamar Ave, Bonham, TX

    Listing date May 21, 2026

    MLS# 21242876 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

    • 398± Acres of Land: Ample space for ranching, hunting, recreation, and privacy.
    • Impressive 125x50 Workshop: Includes a 10k lb2 lift, ideal for equipment, hobbies, or work.
    • 80x50 Barn: Provides additional space for storage or livestock.
    • Comfortable 3‑Bed, 2‑Bath Home: Suitable for full‑time living, weekend getaways, or a hunting base camp.
    • Multiple Ponds: Offer water sources for livestock, fishing opportunities, and scenic views.
    • Mix of Open Ground and Timber: Creates natural habitat for wildlife and opportunities for exploring.

    Overview

    This 398-acre property in Texas features a 3-bed, 2-bath home, a 125x50 workshop built in August that includes a 10k lb2 lift, and an 80x50 barn. The land offers a mix of open ground and timber, creating a natural habitat for wildlife. Several ponds are scattered throughout the property, providing water sources for livestock and fishing opportunities. The home provides a peaceful setting. The workshop offers space for tractors, UTVs, tools, storage, or a custom setup. The property is suited for ranching, hunting, or enjoying the outdoors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Arthur City
    County
    Lamar
    State
    Texas
    Longitude
    -95.680494
    Latitude
    33.851745

    Nearby Similar for Sale

    • $900,000
      2,664 SF

      Red River Frontage Farmhouse Cottage

      75-acre Red River frontage property with charming farmhouse cottage.
      520 County Road 36980, Arthur City, TX 75411
      View Details
    • $4,777,777

      Texas Ranch with Workshop & Barn

      398-acre Texas ranch featuring a home, workshop, and barn.
      10860 Farm Road 197, Arthur City, TX 75411
      View Details

    FAQs

    What type of property is this?
    Ranch - 398-acre Texas ranch featuring a home, workshop, and barn.
    Where is this ranch located?
    The property is located at 10860 Farm Road 197 Arthur City, TX.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 398± Acres of Land: Ample space for ranching, hunting, recreation, and privacy.; Impressive 125x50 Workshop: Includes a 10k lb2 lift, ideal for equipment, hobbies, or work.; 80x50 Barn: Provides additional space for storage or livestock.
    (903) 785-8484
    We can help!
    Listing Contact
    Rusty Lowe
    Rusty Lowe
    Real Estate License ID: 0435783
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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
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