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    Turnkey Ranch in Pleasant Valley Title is generated by Realmo AI

    402 N FM 369, Pleasant Valley, TX 76367

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    Claim this Listing
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    For Sale
    $799,500

    Ranch, Farm/Ranch - Pleasant Valley, TX

    Type:Farm
    Property size:
    3,249 SF
    Lot size:
    72.29 Acres
    Price / SF:
    $246/SF
    Added:
    May 11, 2026
    Days on Market:
    2
    Last Refresh:
    May 12 at 8:06 am

    Property Features for 402 N FM 369

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport, Driveway
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Balcony, Courtyard, Covered Patio/Porch, Dog Run, Fire Pit, Rain Gutters, Rain Barrel/Cistern(s), Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Range, Range - Gas, Washer
    Standard status
    Active
    APN
    113712
    Size
    3,249 SF
    Lot size
    72.29 Acres

    Utilities

    Heating system
    Active Solar, Central, Fireplace(s), Heat Pump (Heating), Solar (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Canal (man Made)

    Building Details

    Year built
    1980
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile, Tile - Ceramic
    Building materials
    Brick
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Kennel/Dog Run, Stable(s)

    We can help!

    Listing Contact
    Bethann Oswald
    Bethann Oswald

    Listing agent Bethann Oswald License #0609787

    Listing office Bishop Realtor Group, Inc 1916 Elmwood North Ave, Wichita Falls, TX

    Listing date May 11, 2026

    MLS# 21266848 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

    • Turnkey 72‑acre ranch with no restrictions, offering immediate use and development potential.
    • Well‑maintained 4 bed, 3 bath home featuring a renovated kitchen with commercial gas range, fresh paint, hardwood floors, and energy‑efficient windows.
    • Energy efficiency and self‑sufficiency provided by solar panels, whole‑house generator, and metal roof.
    • Water resources include Pleasant Valley water, a good water well, and an irrigation canal.
    • 4,000 SF barn with livestock lane, suitable for various agricultural or storage needs.
    • Enjoy a saltwater pool, cross‑fencing, improved grasses, and 2 stock tanks.

    Overview

    This turnkey 72-acre ranch is located in Pleasant Valley, situated between Highway 287 and Old Iowa Park Road, and is part of the Iowa Park CISD. The property features a well-maintained, one-owner home with 3 living areas, 4 bedrooms, and 3 bathrooms. The home's interior has fresh paint and hardwood floors, along with energy-efficient windows. The renovated kitchen includes an apron sink and a commercial gas range. Additional features include solar panels, a whole-house generator, and a metal roof. The property also boasts a saltwater pool. The land is cross-fenced and features improved grasses, along with 2 stock tanks and an irrigation canal to the south. Water is supplied by Pleasant Valley water and a good water well. There is a 4,000 square foot barn, plus other barns with a livestock lane. The property has no restrictions. The residence is 3,249 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Pleasant Valley
    County
    Wichita
    State
    Texas
    Longitude
    -98.717
    Latitude
    33.961

    FAQs

    What type of property is this?
    Ranch - 72-acre ranch with well-maintained home and extensive amenities.
    Where is this ranch located?
    The property is located at 402 N FM 369 Pleasant Valley, TX.
    What is the asking price?
    The asking price for this property is $799,500.
    What are key features of this property?
    This property features: Turnkey 72‑acre ranch with no restrictions, offering immediate use and development potential.; Well‑maintained 4 bed, 3 bath home featuring a renovated kitchen with commercial gas range, fresh paint, hardwood floors, and energy‑efficient windows.; Energy efficiency and self‑sufficiency provided by solar panels, whole‑house generator, and metal roof.
    (940) 691-7355
    We can help!
    Listing Contact
    Bethann Oswald
    Bethann Oswald
    Real Estate License ID: 0609787
    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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