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    Fenced Agricultural Land with Ranch Improvements Title is generated by Realmo AI

    15523 W FM8, Stephenville, TX 76401

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    Pending
    $1,450,000

    LAND - Stephenville, TX

    Lot size:
    47.84 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    113
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 15523 W FM8

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Fencing
    Fenced
    Standard status
    Pending
    APN
    R000019508
    Lot size
    47.84 Acres

    Taxes and HOA fees

    Tax Description
    47.840 acres A0332 Henson Absalom

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric, Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    1973
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Judith Riola
    Judith Riola

    Listing agent Judith Riola License #0446923

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date Feb 10, 2026

    MLS# 21083877 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

    • 47‑acre property near Lingleville Schools with extensive FM road frontage and fully fenced land
    • 1973 home with 4,232 SF featuring 5 bedrooms and 2.5 baths
    • Property was previously a TCEQ‑approved dairy and retains some original amenities for potential reuse
    • 2 barns plus RV storage; barns can be converted into horse barns
    • Well water with three wells, including one currently active; private sewer
    • Central heat and central air, plus ceiling fans; fenced property

    Overview

    This property offers nearly 48 acres of fully fenced agricultural land with multiple income- and lifestyle-oriented improvements already in place. A large 1973 home (5 bedrooms, 2.5 baths, 4,232 square feet) provides comfortable on-site living, while RV storage supports practical day-to-day use. Two barns offer additional utility and potential to be reconfigured as horse barns, and the site includes three wells, with one currently active. The property previously operated as a TCEQ-approved dairy and retains some original amenities, creating options for a small dairy or calf operation, a working ranch, or a hobby farm setup.

    The land features extensive FM road frontage and benefits from proximity to Lingleville Schools. With multiple wells on site and a fenced layout, the acreage is positioned for hands-on agricultural activity and continued operational flexibility.

    For buyers seeking a self-contained property with operational infrastructure, the combination of fenced pasture, water access via active well service, barns, and on-site residential space makes this a compelling fit. It may also appeal to investors or families looking for generational living with the ability to scale agricultural use over time, subject to appropriate planning and permitting for any future reconfiguration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jam Dot Dairy Production Facility

    Map

    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.340427
    Latitude
    32.234982

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    FAQs

    What type of property is this?
    Farm - Versatile, fully fenced acreage with a functional well supply, barns, and a sizable residence for diversified farm or ranch use.
    Where is this farm located?
    The property is located at 15523 W FM8 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 47‑acre property near Lingleville Schools with extensive FM road frontage and fully fenced land; 1973 home with 4,232 SF featuring 5 bedrooms and 2.5 baths; Property was previously a TCEQ‑approved dairy and retains some original amenities for potential reuse
    (817) 441-4000
    We can help!
    Listing Contact
    Judith Riola
    Judith Riola
    Real Estate License ID: 0446923
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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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