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    Fenced Ranch & Hunting Acreage Title is generated by Realmo AI

    227 Ac CR 1137, Lone Oak, TX 75453

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    Claim this Listing
    For Sale
    $1,499,000

    LAND - Lone Oak, TX

    Lot size:
    227.00 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 227 Ac CR 1137

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    227.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Tony Johnson

    Listing agent Tony Johnson License #0449946

    Listing office Homes And Ranch Realty Farmersville, TX

    Listing date Mar 6, 2026

    MLS# 21104781 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

    • Fenced and cross‑fenced land in Hopkins County with frontage on FM 1567, CR 1137, and private road Johnson Lane
    • Currently used for cattle and hay production; includes pasture and hay meadow
    • 48 x 60 pole barn behind the residence with working pens
    • Land includes huge trees, several stock tanks, and creek access
    • Older brick home on‑site could be used as a residence, week‑end home, or hunting lodge
    • Two water meters on the property and public water service; septic tank sewer

    Overview

    Set on 227 acres, this fenced and cross-fenced ranch is built for productive use and flexible enjoyment. The land is currently used for cattle and hay production and includes a mix of huge trees, pasture, and hay meadow. Several stock tanks and creek access support everyday operations and recreational use. An older brick home on the property could serve as a residence, week-end home, or hunting lodge. Two water meters are in place, one at the current residence and one at the old home site on CR 1137. A 48 by 60 pole barn behind the residence includes working pens.

    The property has road frontage on FM 1567 and CR 1137, along with private road access via Johnson Lane. Located in Hopkins County near Lone Oak, the setting offers an established working layout alongside an outdoors-focused landscape where deer, hogs, ducks, and other wildlife are present.

    For buyers seeking a working ranch with infrastructure already in place, the combination of fencing, pens, water access, and productive pasture makes day-to-day cattle and hay operations straightforward. Hunters and outdoor recreation users will appreciate the mix of cover and water sources, plus the option to use the existing brick home as a base for weekends or longer stays. Whether your priority is agriculture, recreation, or both, this tract offers practical versatility without compromising function.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Lone Oak
    County
    Hunt
    State
    Texas
    Longitude
    -95.9357
    Latitude
    33.0218

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    FAQs

    What type of property is this?
    Ranch - Versatile Hopkins County ranchland with road frontage, cattle and hay setup, and recreation potential for hunting and wildlife.
    Where is this ranch located?
    The property is located at 227 Ac CR 1137 Lone Oak, TX.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Fenced and cross‑fenced land in Hopkins County with frontage on FM 1567, CR 1137, and private road Johnson Lane; Currently used for cattle and hay production; includes pasture and hay meadow; 48 x 60 pole barn behind the residence with working pens
    (903) 455-9944
    We can help!
    Listing Contact
    Tony Johnson
    Real Estate License ID: 0449946
    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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