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    Turn-Key Working Farm and Home Title is generated by Realmo AI

    1299 Dunn Road, Olney, TX 76374

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    Claim this Listing
    For Sale
    $1,399,900

    LAND - Olney, TX

    Lot size:
    320.00 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    87
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 1299 Dunn Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    664
    Lot size
    320.00 Acres

    Taxes and HOA fees

    Tax Description
    TE&L 181 - A-0428 LIFE ESTATE MYRLE
    Tax Annual Amount
    2863

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Jimmy Padgett

    Listing agent Jimmy Padgett License #0828394

    Listing office Arrowhead Land Company Keller, TX

    Listing date Mar 10, 2026

    MLS# 21132228 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

    • 320‑acre Young County, Texas farm with 92% productive tillable ground
    • Full perimeter fencing plus cross‑fencing already in place for grazing cattle or farming
    • 3‑bedroom, 2‑bath home with metal roof, central heat and air, and wood floors
    • Rural water supplied by Baylor County SUD; septic tank sewer service
    • Property includes a couple of ponds that can serve as water sources for wildlife or livestock
    • Current property and home leased to tenants through June 30, 2026

    Overview

    This 320-acre farm in Young County is designed to operate as a working ranch or agricultural operation. Approximately 92% of the acreage is productive tillable ground, supported by full perimeter fencing and additional cross-fencing already in place. Water features include a couple of ponds that can serve as a resource for wildlife and livestock. On-site, there is a 3-bedroom, 2-bath home with a metal roof, central heat and air, and wood floors, providing options for a primary residence, farm rental, or housing for a hired hand.

    The property is located at 1299 Dunn Road in Olney, Texas, and includes rural water service through Baylor County SUD. The land offers open acreage with the potential to see and hunt whitetail deer, turkey, hogs, and dove. The property and home are currently leased to tenants through June 30, 2026.

    With its fenced layout, majority tillable ground, and on-site living space, the ranch and farm configuration can appeal to owner-users looking for day-to-day control or to investors seeking a turn-key agricultural asset with existing lease income through mid-2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Olney
    County
    Young
    State
    Texas
    Longitude
    -98.7961394
    Latitude
    33.3057371

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    FAQs

    What type of property is this?
    Farm - 320-acre Young County property with productive tillable ground, perimeter fencing, ponds, and a 3-bedroom home for flexible farm use.
    Where is this farm located?
    The property is located at 1299 Dunn Road Olney, TX.
    What is the asking price?
    The asking price for this property is $1,399,900.
    What are key features of this property?
    This property features: 320‑acre Young County, Texas farm with 92% productive tillable ground; Full perimeter fencing plus cross‑fencing already in place for grazing cattle or farming; 3‑bedroom, 2‑bath home with metal roof, central heat and air, and wood floors
    (817) 915-2502
    We can help!
    Listing Contact
    Jimmy Padgett
    Real Estate License ID: 0828394
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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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