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    Recreational Hunting & Farm Land Title is generated by Realmo AI

    12436 County Road 134, Ranger, TX 76470

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    Claim this Listing
    For Sale
    $685,000

    LAND - Ranger, TX

    Lot size:
    83.40 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    70
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 12436 County Road 134

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Crops, Grassed, Brush, Cleared, Wooded
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Fencing
    Fenced
    Standard status
    Active
    APN
    R44860
    Lot size
    83.40 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 83.400 BLK: 6 ABST: 305 SURVEY: T & P
    Tax Annual Amount
    7915

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Well

    Building Details

    Year built
    2000
    Additional Structures
    Corral(s)

    We can help!

    Listing Contact
    Johnny Wells
    Johnny Wells

    Listing agent Johnny Wells License #0393603

    Listing office RANGER REALTY Ranger, TX

    Listing date Mar 27, 2026

    MLS# 21074295 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

    • 3‑bedroom, 2‑bath manufactured home built in 2000 with an added‑on bedroom
    • Central heat and central air with propane heating and electric cooling
    • Large metal garage with rollup door, workshop area, wood furnace, electric, and concrete floor; RV/equipment port connected
    • Water features include 2 water wells (1 in use for house and livestock) plus 2 stock ponds
    • Fenced corrals and home/workshop fenced out from 5 other pastures with 3 fields (about 10 acres Coastal Bermudagrass plus oat/wheat/hay fields)
    • Includes fruit trees at the homesite: apple, pear, pecans, and a fig tree; remainder is wooded for hunting

    Overview

    Set up for rural living and recreation, this 83.4-acre property includes a 3-bedroom, 2-bath manufactured home with an added-on bedroom. The homesite sits on a hill with views to the east and west. A large metal garage with a rollup door also provides a workshop area, along with a wood furnace, electric service, and a concrete floor. An RV or equipment port connects to the garage. Corrals near the home support livestock, and the home and workshop are fenced out of five other pastures, which include three fields.

    The property is country located north of Ranger on County Road 134 in Stephens County, Texas. There are no close neighbors described, and the land includes areas to park equipment around the homesite. Two water wells are on the property, with one currently used for the house and livestock water. Two stock ponds provide water for livestock, while the remaining acreage is wooded and used for hunting deer, birds, or hogs.

    This offering suits buyers looking for a combined residence, working ranch setup, and recreational acreage, including opportunities for weekend use such as riding 4-wheelers on trails across the property. The pasture mix of coastal bermudagrass and cultivated fields for oats, wheat, or hay supports ongoing agricultural use, while the fenced layout can help manage animals across the separate pasture areas. Fruit trees including apple, pear, pecans, and a fig tree are also planted around the homesite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Ranger
    County
    Eastland
    State
    Texas
    Longitude
    -98.74161
    Latitude
    32.59765

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    FAQs

    What type of property is this?
    Ranch - A fenced ranch setup with home, corrals, pasture fields, ponds, and wooded hunting ground.
    Where is this ranch located?
    The property is located at 12436 County Road 134 Ranger, TX.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: 3‑bedroom, 2‑bath manufactured home built in 2000 with an added‑on bedroom; Central heat and central air with propane heating and electric cooling; Large metal garage with rollup door, workshop area, wood furnace, electric, and concrete floor; RV/equipment port connected
    (254) 631-1817
    We can help!
    Listing Contact
    Johnny Wells
    Johnny Wells
    Real Estate License ID: 0393603
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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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