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    Wooded Ranch Land with Stock Tanks Title is generated by Realmo AI

    258 County Road 206, Ovalo, TX 79541

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    Claim this Listing
    For Sale
    $920,100

    LAND - Other - Ovalo, TX

    Property size:
    1,000 SF
    Lot size:
    118.08 Acres
    Price / SF:
    $920/SF
    Added:
    Apr 9, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 258 County Road 206

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Exterior features
    FirePit, PrivateEntrance, RvHookup
    Fencing
    Fenced
    Standard status
    Active
    APN
    971958
    Lot size
    118.08 Acres

    Taxes and HOA fees

    Tax Description
    A0047 SUR 505 LEMUEL CRAWFORD, ACRES 118.08
    Tax Annual Amount
    1289

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric, Ceiling Fan(s)
    Water front features
    Waterfront, Creek
    Water front
    1

    Building Details

    Year built
    2007
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Teresa Lee

    Listing agent Teresa Lee License #0527243

    Listing office Stephens Ranch Hand Real Estate Early, TX

    Listing date Apr 9, 2026

    MLS# 21176747 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

    • 118+/- acres of wooded, gently rolling ranchland with a creek winding through the property for natural contour and wildlife habitat
    • 1,000 SF home (2 bed, 1 bath) built in 2007 with open‑concept kitchen and living area plus an upstairs loft for extra sleeping space
    • Home features a wood‑burning stove, mini‑split heating and cooling, and propane instant hot water heater; central heating/cooling and ceiling fans also present
    • Four stock tanks (several stocked with fish) plus the creek provide surface water for year‑round recreation and wildlife
    • Pole barn with working pens, hunting blinds and feeders, fenced perimeter with Barnes wire and net, and RV hookup
    • County Road 206 frontage with fencing and utilities on‑site, including dual electric meters and two water meters; septic tank at the main residence

    Overview

    This 118+/- acre ranch offers a mix of wooded, gently rolling terrain with a creek winding through the property. A comfortable 1,000 sq. ft. home includes two bedrooms, one bath, an open kitchen and living area, and an upstairs loft with additional sleeping space. The living room is anchored by a wood-burning stove, and the home is supported by mini-split heating and cooling. Electric service powers the home, complemented by a propane instant hot water heater, and the rear of the home overlooks a large stock tank.

    Access is provided via County Road 206 frontage, offering convenient entry while maintaining privacy. The property includes four stock tanks, several of which are stocked with fish, along with wildlife and natural cover created by the creek and rolling landscape. Improvements include a pole barn with working pens, hunting blinds and feeders, and fencing with Barnes wire and net. Electricity is available at both the home and barn with two electric meters, and there are two water meters in place; municipal water is available (buyer to verify). Septic is in place at the main residence, and dual meters may offer opportunity for an additional residence.

    With abundant surface water, established habitat, and on-site ranch improvements, the property is well suited for hunting, fishing, cattle, recreation, or full-time rural living. Dual utilities and existing infrastructure also support buyers looking for flexibility in how they set up camp, operations, or an additional home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Ovalo
    County
    Taylor
    State
    Texas
    Longitude
    -99.938859
    Latitude
    32.129031

    Nearby Similar for Sale

    • $600,000
      1,200 SF

      30 Acres in Jim Ned

      30-acre property with metal building, pool, and utilities.
      6922 Hwy 83, Ovalo, TX 79541
      View Details

    FAQs

    What type of property is this?
    Ranch - A wooded, gently rolling ranch with creek, multiple stock tanks, and a ranch home for year-round recreation.
    Where is this ranch located?
    The property is located at 258 County Road 206 Ovalo, TX.
    What is the asking price?
    The asking price for this property is $920,100.
    What are key features of this property?
    This property features: 118+/- acres of wooded, gently rolling ranchland with a creek winding through the property for natural contour and wildlife habitat; 1,000 SF home (2 bed, 1 bath) built in 2007 with open‑concept kitchen and living area plus an upstairs loft for extra sleeping space; Home features a wood‑burning stove, mini‑split heating and cooling, and propane instant hot water heater; central heating/cooling and ceiling fans also present
    (325) 646-1229
    We can help!
    Listing Contact
    Teresa Lee
    Real Estate License ID: 0527243
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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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