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    Ranch Land with Pond and Cross-Fencing Title is generated by Realmo AI

    1133 CR 426, Cleburne, TX 76031

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    For Sale
    $1,125,000

    LAND - Cleburne, TX

    Lot size:
    62.50 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    141
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 1133 CR 426

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    RvHookup
    Fencing
    Fenced
    Standard status
    Active
    APN
    126017200182
    Lot size
    62.50 Acres

    Taxes and HOA fees

    Tax Description
    ABST 172 TR 30A T D CLARK
    Tax Annual Amount
    1663

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Melissa Reaves

    Listing agent Melissa Reaves License #0563761

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date Jan 15, 2026

    MLS# 20877656 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

    • 62‑acre ranch with a mix of open pasture, mature trees, and a pond
    • 3‑bedroom, 2‑bath home with a kitchen open to a breakfast room
    • Formal dining room open to the living area, with an electric stove and raised ceiling with exposed beams
    • Pergola‑covered back patio for outdoor relaxing
    • Cross‑fencing and RV hookup; fenced property with septic tank service
    • Central heating and central air with ceiling fans; electric heating and electric cooling

    Overview

    Set up for comfortable daily living and animals alike, this 62-acre ranch includes a 3-bedroom, 2-bathroom home with a spacious kitchen opening to a breakfast room. A formal dining room flows into the living area, where you’ll find an electric stove, raised ceilings, and exposed beams. Off the back, the pergola-covered patio offers a private place to relax and enjoy the surrounding property.

    The property is located at 1133 CR 426 in Cleburne, Texas. The land offers a mix of open pasture and mature trees, along with a pond that supports livestock, horses, and recreation. Cross-fencing is already in place to make managing animals more straightforward.

    This combination of home, pond, pasture, and working cross-fencing makes the ranch well-suited for buyers looking for an all-in-one equestrian or livestock setup. It also supports recreational use, with the property described as a great hunting area for deer and turkey. Whether you’re starting a horse program, expanding livestock operations, or seeking a private ranch lifestyle, the layout and existing land improvements provide a strong foundation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Food Market Electrical Service Furniture & Home Goods Travel Agency Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.332757
    Latitude
    32.365184

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    FAQs

    What type of property is this?
    Ranch - 62-acre ranch with a pond, open pasture, mature trees, and cross-fencing—plus a 3-bedroom home built for country living.
    Where is this ranch located?
    The property is located at 1133 CR 426 Cleburne, TX.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: 62‑acre ranch with a mix of open pasture, mature trees, and a pond; 3‑bedroom, 2‑bath home with a kitchen open to a breakfast room; Formal dining room open to the living area, with an electric stove and raised ceiling with exposed beams
    (817) 441-4000
    We can help!
    Listing Contact
    Melissa Reaves
    Real Estate License ID: 0563761
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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.

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