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    398 J O Junge Road Cleburne, TX 76033

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    For Sale
    $4,150,000

    Ranch, Farm/Ranch - Cleburne, TX

    Type:Farm
    Property size:
    2,690 SF
    Lot size:
    138.00 Acres
    Price / SF:
    $1,542/SF
    Added:
    Apr 29, 2026
    Days on Market:
    5
    Last Refresh:
    May 3 at 10:06 am

    Property Features for 398 J O Junge Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Driveway
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Range - Gas, Washer
    Standard status
    Active
    APN
    126084000121
    Size
    2,690 SF
    Lot size
    138.00 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air
    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Year built
    1998
    Floors in Building
    1
    Flooring type
    Carpet, Hardwood, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Tully Janszen

    Listing agent Tully Janszen License #0709021

    Listing office Texas Ranch Kings Realty 1846 N. Loop 1604 W, San Antonio, TX

    Listing date Apr 29, 2026

    MLS# 21063508 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.

    Overview

    Premier Ranch with Creek Frontage

    The PT Ranch is a 138-acre property located in Johnson County, near Cleburne. It offers end-of-the-road privacy and Buffalo Creek frontage. The property is suited for ranching, equestrian activities, and residential use. The land features 1,170 feet of Buffalo Creek frontage, a seasonal creek, two ponds, and fenced and cross-fenced pastures. There are five loafing sheds and heavy-duty pipe working pens. Wildlife is abundant, including deer, turkey, and hogs. Equestrian facilities include a 5-stall horse barn with a tack room that has a sink and water heater, two indoor and one outdoor wash bays, and a separate feed room. A 25x60 covered awning is available for hay or equipment storage. The 30x40 insulated workshop has electric service with water and sewer stubbed in, plus an attached 30x40 awning. The residence, built in 1998, offers 2,690 square feet, with an additional 258 square foot loft above the detached two-car garage, connected by a covered walkway. The home includes four bedrooms, 3.5 baths, a study, a formal dining room, and an open kitchen and living area with a center island and built-in gas cooktop. The home is fully wired for network access. Planned updates include a new roof (July 2025) and two new HVAC units (September 2025). The entry features an electric gate and a paved blacktop drive (March 2025). The PT Ranch also offers an easement to a 60-acre coastal field, creating development or subdivision potential. It is designed for both cattlemen and business professionals, blending ranch function, modern comfort, and investment potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Building Supply Hair Salon Storage Facility Car Rental Facility (Bike/Boat/Book/etc) Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.396684
    Latitude
    32.284934

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    FAQs

    What type of property is this?
    Ranch - 138-acre ranch near Cleburne with creek frontage and equestrian facilities.
    Where is this ranch located?
    The property is located at 398 J O Junge Road Cleburne, TX.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: Premier 138± acre ranch property with end‑of‑the‑road privacy and 1,170 ft of Buffalo Creek frontage.; Versatile improvements for ranching, equestrian activities, and residential living, including a 5‑stall horse barn, workshop, and working pens.; Well‑maintained 2,690 sqft residence featuring 4 bedrooms, 3.5 baths, a study, and updated features (new roof and HVAC in 2025).
    (210) 493-3030
    We can help!
    Listing Contact
    Tully Janszen
    Real Estate License ID: 0709021
    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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    398 J O Junge Road, Cleburne, TX 76033

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