Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ranch Land with Panoramic Views Title is generated by Realmo AI

    55 Acres FM 61, Graham, TX 76450

    View on Map
    Claim this Listing
    For Sale
    $555,500

    LAND - Graham, TX

    Lot size:
    55.00 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 55 Acres FM 61

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    784115
    Lot size
    55.00 Acres

    Taxes and HOA fees

    Tax Description
    AB 1430, I.&G.N.R.R. Co. Survey, AB 276, J. Tanner
    Tax Annual Amount
    65

    We can help!

    Listing Contact
    Miles Maddox

    Listing agent Miles Maddox License #0606637

    Listing office Maddox Realty Jacksboro, TX

    Listing date Apr 15, 2026

    MLS# 21210997 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

    • 55‑acre ranch just over 1 mile from downtown Graham, TX
    • Multiple entrances including from Highway 61, plus access from Spivey Hill via Fawn Trial and Arrowhead Road
    • Property features elevation changes with multiple cliff tops and panoramic views
    • Heavy tree cover with abundant wildlife and existing internal trails
    • Adjacent to the Spivey Hill Neighborhood (property butts up to Spivey Hill)
    • Deed restrictions apply; appointment only for showings

    Overview

    This 55-acre ranch land offers significant elevation changes, heavy tree cover, and multiple cliff tops with panoramic views. The property includes existing internal trails suited to outdoor recreation, wildlife enjoyment, and exploration across the terrain. It presents a strong opportunity for buyers looking to build a dream home and take advantage of the landscape, or to use the acreage as a recreational hunting property.

    The ranch is located just over 1 mile from Downtown Graham, with easy access via multiple entrances from FM/Highway 61. Additional access points connect through Spivey Hill via Fawn Trial and Arrowhead Road. The layout includes multiple entrances on all sides, which can support development planning, subdivision concepts, or flexible use of the land. The property also butts up to the Spivey Hill Neighborhood.

    With its mix of dramatic views, recreational appeal, and practical access, this tract can fit investors and developers exploring subdivision potential, as well as hunters seeking wooded acreage with established trails. Deed restrictions apply, and showings are appointment only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Graham
    County
    Young
    State
    Texas
    Longitude
    -98.6043942
    Latitude
    33.1164161

    Nearby Similar for Sale

    • $999,999
      5,000 SF

      Turnkey Restaurant Off Main Highway

      Well-established, highly visible restaurant with full-service bar and turn-key operations for an owner-operator or investor.
      1111 State Highway 16 S, Graham, TX 76450
      View Details
    • $650,000

      Professional Office Building with Reception

      Well-maintained office suite with private offices and adaptable open workspaces designed for productive, client-facing teams.
      620 Oak Street, Graham, TX 76450
      View Details
    • $899,700

      Industrial Flex Property with Fenced Yard

      Secure, fully fenced yard complements a dedicated office suite and a high-clearance shop with large bay doors.
      528 US Highway 380 W, Graham, TX 76450
      View Details
    • $450,000

      Office Complex with 14 Offices

      Well-equipped office complex with multiple private offices, conference space, and restrooms across two levels.
      620 4th Street, Graham, TX 76450
      View Details
    • $450,000

      Historic Bank-Style Office Building

      Turnkey downtown-area office building with a preserved walk-in safe, flexible layout, and an attached outbuilding for additional workspace.
      408 4th Street, Graham, TX 76450
      View Details
    • $399,000

      Historic Church Building with Office Potential

      A 1917 landmark with stained-glass dome and flexible interior previously used for home health offices and administration.
      700 Elm Street, Graham, TX 76450
      View Details
    • $1,695,000

      Ranch Property with Barndominium

      Turnkey ranch with a large barndominium, horse barn, cleared pastures, and three stock tanks for recreation and livestock.
      1950 Hamilton Road, Graham, TX 76450
      View Details
    • $2,595,000

      Turnkey Ranch with Barndominium

      Turnkey ranch with a large barndominium, equestrian facilities, and stocked tanks for recreation and livestock use.
      1951 Hamilton Road, Graham, TX 76450
      View Details
    • $569,000

      Automotive Service Station Opportunity

      Oil lube and service station with pull-through bays, office, and customer waiting area on a 1.3-acre site.
      164 US Highway 380 W, Graham, TX 76450
      View Details
    • $595,000

      Multi-Use Hospitality Property

      A versatile hospitality setup with indoor bar space and outdoor gathering areas plus expansion opportunities on a major highway.
      471 Highway 667, Graham, TX 76450
      View Details
    • $495,000
      1,822 SF

      20-Acre Country Retreat Ranchette

      Charming 20-acre property with a cozy home and functional structures.
      1368 Rosser Ranch Road, Graham, TX 76450
      View Details
    • $210,000

      Commercial Land Off Highway 380

      Vacant, commercially zoned 4.5 acres behind a funeral home with utilities available and highway visibility in Graham.
      1501 US Hwy 380, Graham, TX 76450
      View Details

    FAQs

    What type of property is this?
    Hunting land - 55-acre tract with heavy tree cover, internal trails, and multiple access points for building or recreational use.
    Where is this hunting land located?
    The property is located at 55 Acres FM 61 Graham, TX.
    What is the asking price?
    The asking price for this property is $555,500.
    What are key features of this property?
    This property features: 55‑acre ranch just over 1 mile from downtown Graham, TX; Multiple entrances including from Highway 61, plus access from Spivey Hill via Fawn Trial and Arrowhead Road; Property features elevation changes with multiple cliff tops and panoramic views
    (940) 507-0102
    We can help!
    Listing Contact
    Miles Maddox
    Real Estate License ID: 0606637
    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
    55 Acres FM 61, Graham, TX 76450
    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!