Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Fenced Ag Exempt Acreage Title is generated by Realmo AI

    14114 Howard Lake Court, Lipan, TX 76462

    View on Map
    Claim this Listing
    For Sale
    $650,000

    LAND - Other - Lipan, TX

    Lot size:
    16.52 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    125
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 14114 Howard Lake Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed
    Fencing
    Fenced
    Standard status
    Active
    APN
    R000105345
    Lot size
    16.52 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 16.520 ABST: N F ROBERTS - ABST 469
    Tax Annual Amount
    52

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Penelope Pardue

    Listing agent Penelope Pardue License #0648224

    Listing office Scopen Realty Group Aledo, TX

    Listing date Jan 30, 2026

    MLS# 21113624 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

    • 16.52‑acre Ag Exempt property on a quiet dead‑end road, located 1.2 miles south of Lipan
    • Fully fenced and cross‑fenced with two pastures for rotation or turnout
    • Includes a stock tank and mature pecan and live oak trees for shade
    • Public water available and electricity at the road
    • Flat, usable ground currently used as a productive hay field for grazing or hay production

    Overview

    This 16.52-acre ag exempt tract is set up for horse and cattle use, with open, usable ground that’s currently a productive hay field. The property is covered in Coastal Bermuda and sandy loam soil, offering strong support for grazing, hay production, or a future build. It includes a stock tank for livestock use, along with mature pecan and live oak trees that provide natural shade. The land is fully fenced and cross-fenced into two pastures, providing flexibility for rotation or turnout, and the terrain is flat.

    Located just 1.2 miles south of Lipan on a quiet dead-end road, the property offers privacy and wide-open views while still keeping you within practical reach of town. City water and electricity are available at the road, which can help streamline plans for a barn, arena, or a family home. Access to I-20 is described as easy, making it simpler to manage ranch operations without giving up country seclusion.

    For buyers seeking an operational ranch environment, this site offers an immediately functional layout for grazing and livestock, along with the flexibility to expand into a larger country homestead. With its existing pasture configuration, hay field condition, and livestock-ready features, the property is well suited for horse and cattle owners planning to stay actively involved in daily operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lipan
    County
    Hood
    State
    Texas
    Longitude
    -98.056334
    Latitude
    32.506199

    Nearby Similar for Sale

    • $229,900
      2,520 SF

      Two-Bay Metal Shop with Apartment

      Insulated two-bay shop plus a 1BR apartment or office space, ideal for combined work and live-in use.
      104 Yuma Street, Lipan, TX 76462
      View Details
    • $2,250,000

      Secluded Pasture Land with Pond

      Corner parcel offers pond, hay barn, and multiple water sources for livestock, with good building locations in Brock ISD.
      Big Valley Circle, Lipan, TX 76439
      View Details
    • $5,250,000

      Equestrian Ranch with Indoor Arena

      Turn-key ranch with indoor and outdoor arenas, show barn, fenced pastures, and build sites on expansive acreage.
      15200A Choice Acres Court, Lipan, TX 76462
      View Details
    • $1,036,000

      Ranch Land with Water Resources

      64+ acres in Santo ISD with frontage on FM 4 and multiple water sources for cattle, recreation, or future development.
      19514 S FM 4, Lipan, TX 76462
      View Details
    • $1,050,000

      Recreational Ranch with Ponds

      A fenced, well-equipped tract with ponds, corral, and creek frontage for cattle use and outdoor recreation.
      11701 Bowden Road, Lipan, TX 76462
      View Details
    • $610,000

      Wooded Land with Highway Frontage

      Heavily wooded acreage with substantial highway frontage, ideal for a secluded home site with outdoor recreation potential.
      9901 Brock Highway, Lipan, TX 76462
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Ag-exempt acreage with two fenced pastures, ready for grazing or hay production, plus utilities available at the road.
    Where is this horse & equestrian property located?
    The property is located at 14114 Howard Lake Court Lipan, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 16.52‑acre Ag Exempt property on a quiet dead‑end road, located 1.2 miles south of Lipan; Fully fenced and cross‑fenced with two pastures for rotation or turnout; Includes a stock tank and mature pecan and live oak trees for shade
    (817) 401-4243
    We can help!
    Listing Contact
    Penelope Pardue
    Real Estate License ID: 0648224
    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
    14114 Howard Lake Court, Lipan, TX 76462
    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!