Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Acreage for Custom Rural Living Title is generated by Realmo AI

    145 Gilmore Court, Lipan, TX 76462

    View on Map
    Claim this Listing
    For Sale
    $100,000

    LAND - Other - Lipan, TX

    Lot size:
    3.13 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 145 Gilmore Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000109171
    Lot size
    3.13 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 3.125 LOT: 37 BLK: 2 SUBD: THE RANCHES
    Tax Annual Amount
    1311

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Erika Capula Zepeda

    Listing agent Erika Capula Zepeda License #0721638

    Listing office Mersaes Real Estate, Inc. Garland, TX

    Listing date Mar 23, 2026

    MLS# 21164495 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

    • 3.125‑acre lot in Ranches at Star Hollow in Hood County
    • Private gated community just outside city limits; no city taxes and no mobile homes
    • Well water source and septic tank sewer system required
    • Utilities noted: propane; electric service and high‑speed fiber optic internet available
    • Barndominiums, barns, shops, and guest homes permitted with approval; minimum dwelling size 1,400 SF
    • Livestock and chickens allowed per community guidelines; no required building timeline

    Overview

    This 3.125-acre property offers open space in the Ranches at Star Hollow with a country setting in Hood County. Designed for flexible builds, the community supports custom homes, barndominiums, barns, shops, and guest homes with approval. Light restrictions help protect property values while still allowing for modern rural living. Minimum dwelling size is 1,400 square feet, and livestock and chickens are welcome in line with community guidelines. Utilities are a major part of the appeal: electric service and high-speed fiber optic internet are available, and a private well and septic system are required.

    The property sits just outside city limits in a private gated community. It provides a quiet, private backdrop with panoramic views and wide-open land, while still maintaining practical access to the broader region. It is a short drive from Granbury, Weatherford, and the Fort Worth metro area, offering convenience to shopping, dining, and services. Tolar and Lipan ISDs are noted for the area, and there is no required building timeline.

    This acreage is well suited for buyers who want a rural lifestyle with room to build on their schedule. With supportive guidelines for additional structures, livestock, and a range of dwelling types, it fits hobby farm plans, weekend retreat concepts, and long-term custom home or barndominium projects—without sacrificing connectivity through available fiber internet.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Lipan
    County
    Hood
    State
    Texas
    Longitude
    -97.9643
    Latitude
    32.5012

    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?
    Agricultural land / Farmland - 3.125 acres in a private gated community with utilities available, ready for a custom home, barndominium, or rural getaway.
    Where is this agricultural land / farmland located?
    The property is located at 145 Gilmore Court Lipan, TX.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: 3.125‑acre lot in Ranches at Star Hollow in Hood County; Private gated community just outside city limits; no city taxes and no mobile homes; Well water source and septic tank sewer system required
    (972) 203-9033
    We can help!
    Listing Contact
    Erika Capula Zepeda
    Real Estate License ID: 0721638
    Learn More
    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
    145 Gilmore 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!