Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    North Texas Ranch Near Lake Title is generated by Realmo AI

    4140 N State Highway 16 lot 1, Graford, TX 76449

    View on Map
    Claim this Listing
    For Sale
    $5,780,351

    LAND - TX

    Lot size:
    731.69 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    80
    Last Refresh:
    May 23 at 2:06 pm

    Property Features for 4140 N State Highway 16 lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R9289
    Lot size
    731.69 Acres

    Taxes and HOA fees

    Tax Description
    AB 1859 TR 1 W T DONNELL

    We can help!

    Listing Contact
    Tina Jacob

    Listing agent Tina Jacob License #0531311

    Listing office Jacob Realty 609 E Mockingbird ln, Victoria, TX

    Listing date Mar 4, 2026

    MLS# 472690 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 731+/- acre ranch near Possum Kingdom Lake, a highly desirable recreational area.
    • Approximately 6,150 feet of highway frontage providing excellent access and development potential.
    • Rolling topography with elevated ridges and scenic valleys offering breathtaking views and multiple potential homesites.
    • Currently utilized for cattle grazing with two ponds for year‑round water and strong perimeter fencing.
    • Excellent hunting and recreational opportunities with abundant whitetail deer, turkey, dove, and hogs.
    • Agricultural exemption in place, helping to keep ownership costs low.

    Overview

    This 731+/- acre North Texas ranch is located just minutes south of Possum Kingdom Lake, along State Highway 16. The property has approximately 6,150 feet of highway frontage. The land features rolling topography with elevated ridges and scenic valleys. The property is a combination of open grazing pasture, scattered hardwoods, and native brush. Currently utilized for cattle grazing, the ranch includes two ponds that provide year-round water for livestock and wildlife, along with strong perimeter fencing. The property carries an agricultural exemption. The area is well known for whitetail deer, turkey, dove, hogs, and other native wildlife. Possum Kingdom Lake is located only a few miles away. The property offers size, location, and versatility. The ranch is located in Palo Pinto County, with a postal code of 76449.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Spa & Massage Center Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.431581
    Latitude
    32.833108

    Nearby Similar for Sale

    • $3,995,000

      Commercial Property on Peninsula at PK

      High-traffic commercial property with service bays, storage units, and expansion.
      1770 Fm 2951, Graford, TX 76449
      View Details
    • $1,875,000

      Multifunction Ranch with Historic Charm

      89+ acre ranch ideal for recreation, residence, or hunting.
      2946 FM 52, Oran, TX 76449
      View Details
    • $975,000

      Turnkey Ranch with Barndominium Home

      40-acre Graford ranch with barndominium, horse stalls, workshop.
      13450 SH 254, Graford, TX 76449
      View Details
    • $725,000

      Brazos Riverfront Land For Sale

      9.92 acres on the Brazos River with RV hookups.
      2023 Jesse Run Road, Graford, TX 76449
      View Details
    • $799,000
      1,832 SF

      Graford Farm/Ranch with 25 Acres

      Farm/Ranch on 25 acres, perfect for FFA projects.
      1791 Crawford Lane, Graford, TX 76449
      View Details
    • $6,675,000

      Texas Ranch with Keechi Creek Frontage

      445-acre ranch in Graford, TX with diverse topography.
      Tbd HWY 254 Highway, Graford, TX 76449
      View Details
    • $1,319,760

      Texas Ranch with Varied Terrain

      137.55 acres in Palo Pinto County, suitable for ranching, recreation.
      140 Mountain Drive, Graford, TX 76449
      View Details

    FAQs

    What type of property is this?
    Ranch - 731+/- acre ranch near Possum Kingdom Lake.
    Where is this ranch located?
    The property is located at 4140 N State Highway 16 lot 1 Graford, TX.
    What is the asking price?
    The asking price for this property is $5,780,351.
    What are key features of this property?
    This property features: 731+/- acre ranch near Possum Kingdom Lake, a highly desirable recreational area.; Approximately 6,150 feet of highway frontage providing excellent access and development potential.; Rolling topography with elevated ridges and scenic valleys offering breathtaking views and multiple potential homesites.
    (361) 649-0892
    We can help!
    Listing Contact
    Tina Jacob
    Real Estate License ID: 0531311
    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
    4140 N State Highway 16 lot: 1, , TX 76449
    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!