Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2200 FM 205 Stephenville, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7.37 acres with barn, arena, and AG exemption.

    Type:LAND
    Lot size:
    7.37 Acres
    Added:
    Oct 21, 2024
    Days on Market:
    564
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 2200 FM 205

    General Information

    Standard status
    Active
    Lot size
    7.37 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Sam Byrd
    Sam Byrd

    Listing agent Sam Byrd

    Listing office Clark Real Estate Group

    Listing date Oct 21, 2024

    Source Moodyscre

    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 Clark Real Estate Group

    HighLights

    • 7.37 Acres of Land
    • Features an 8 Stall Horse Barn
    • Includes an Arena
    • AG Exempt property
    • 4 Bed, 4 Bath home
    • 2,478 SF of living space

    Overview

    Equestrian Property with Horse Barn

    This property features 7.37 acres of land and includes a 2,478 square foot structure with 4 bedrooms and 4 bathrooms. It is equipped with an 8-stall horse barn and an arena. The property currently has an AG exemption.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Dustin Dorris Veterinary Clinic Stephenville Equine Sports ... Equestrian Facility

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.1679
    Latitude
    32.2226

    Nearby Similar for Sale

    • $995,000

      Stephenville Industrial Multi-Use Facility

      Multi-use industrial facility with retail, warehouse, and storage spaces.
      1208 E Washington Street, Stephenville, TX 76401
      View Details
    • $1,995,000

      Stephenville Retail Property on Highway

      Commercial property on 3.58 acres with highway frontage.
      6688 S US Highway 377, Stephenville, TX 76401
      View Details
    • $210,000

      Commercial Property in Stephenville, TX

      Commercial property with updates, suitable for office or investment.
      1102 Washington Street, Stephenville, TX 76401
      View Details
    • $1,699,999
      3,521 SF

      Stephenville Horse Property with Arena

      Updated 4-bed smart home on 10 acres with horse facilities.
      1766 CR 424, Stephenville, TX 76401
      View Details
    • $985,000

      Boutique Hotel Near Tarleton University

      Turn-key boutique hotel near Tarleton State University.
      1092 W Tarleton Street, Stephenville, TX 76401
      View Details
    • $850,000

      Versatile Commercial Property in Stephenville

      Adaptable space suitable for medical, therapy, or educational purposes.
      205 River N. Boulevard, Stephenville, TX 76401
      View Details
    • $1,200,000

      Stephenville Multi-Use Commercial Property

      2.54ac multi-use property with frontage on Hwy 377 & CR351.
      5346 S US Highway 377, Stephenville, TX 76401
      View Details
    • $275,000

      Highway Frontage Commercial Building

      Versatile commercial building with high visibility on US Highway 281.
      21963 N US Highway 281, Stephenville, TX 76401
      View Details
    • $499,000
      2,416 SF

      Multi-Family Investment Opportunity in Stephenville

      Two homes on 0.69 acres near Tarleton State University.
      1425-1435 Groesbeck Street, Stephenville, TX 76401
      View Details
    • $780,000

      High Visibility Retail Opportunity

      Retail space in revitalized Stephenville, high traffic location.
      367 E Washington Street, Stephenville, TX 76401
      View Details
    • $1,700,000

      Prime Retail Location in Stephenville

      High-visibility retail property with drive-thru in growing Stephenville, TX.
      3011 W Washington Street, Stephenville, TX 76401
      View Details
    • $839,000
      2,230 SF

      Stephenville Farm/Ranch on 27 Acres

      Custom home on 27 acres in Huckabay school district.
      493 Private Road 1673, Stephenville, TX 76401
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 7.37 acres with barn, arena, and AG exemption.
    Where is this horse & equestrian property located?
    The property is located at 2200 FM 205 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 7.37 Acres of Land; Features an 8 Stall Horse Barn; Includes an Arena
    (817) 578-0609 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam Byrd
    Sam Byrd
    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
    2200 FM 205, Stephenville, TX
    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!