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    Equestrian Property with Owner Financing Title is generated by Realmo AI

    1786 County Road 1070, Mount Pleasant, TX 75455

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    For Sale
    $199,000

    8-acre equestrian property with improvements and owner financing.

    Type:Lots & Acreage / Farm/Ranch
    Property size:
    348,480 SF
    Lot size:
    8.00 Acres
    Price / SF:
    $0.57/SF
    Added:
    Jun 15, 2025
    Days on Market:
    351
    Last Refresh:
    Mar 13 at 2:19 pm

    Property Features for 1786 County Road 1070

    General Information

    Standard status
    Active
    Size
    348,480 SF
    Lot size
    8.00 Acres
    Property subtype
    Lots & Acreage / Farm/Ranch

    We can help!

    Listing Contact
    Shannon Miles
    Shannon Miles

    Listing agent Shannon Miles License #0734748

    Listing office EXP REALTY

    Listing date Jun 15, 2025

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY

    HighLights

    • Owner financing available: Seller will finance the property.
    • Equestrian ready: Includes 3 horse stalls, large round pen, and arena.
    • Versatile land: 8 acres with open pasture, scattered trees, sandy loam and clay soil, and a small pond.
    • Utilities in place: Water and electricity are already on site.
    • No restrictions & no floodplain: Offers flexibility for various uses.
    • Convenient location: Paved county road frontage, quiet and secluded, yet close to Mt. Vernon and Mt. Pleasant.

    Overview

    This 8-acre property in Titus County is currently operating as a horse training facility. It features 3 horse stalls, a large round pen, and an arena, making it suitable for equestrian use. The land offers a mix of open pasture and scattered trees, sandy loam and clay soil, a small pond, good perimeter fencing, and an agricultural exemption. Improvements include an unfinished 350+ sq. ft. tiny home with covered porches, a 10x12 structure that can serve as a saddle house, workshop, or office, plus a storage shed. The property has water and electricity on site, paved county road frontage, no restrictions, and no floodplain. It is situated in a quiet and secluded setting just minutes from Mt. Vernon and Mt. Pleasant. The property is ideal for horses, a weekend retreat, a future homesite, or as an investment property. Owner financing is available.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Mount Pleasant
    County
    Titus
    State
    Texas
    Longitude
    -95.113115
    Latitude
    33.186561

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    FAQs

    What type of property is this?
    Horse & equestrian property - 8-acre equestrian property with improvements and owner financing.
    Where is this horse & equestrian property located?
    The property is located at 1786 County Road 1070 Mount Pleasant, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Owner financing available: Seller will finance the property.; Equestrian ready: Includes **3 horse stalls, large round pen, and arena.**; Versatile land: 8 acres with open pasture, scattered trees, sandy loam and clay soil, and a small pond.
    (469) 588-8395
    We can help!
    Listing Contact
    Shannon Miles
    Shannon Miles
    Real Estate License ID: 0734748
    Learn More
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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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