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    Fenced Ranch Homestead with Creek Title is generated by Realmo AI

    801 State Highway 153, Wingate, TX 79566

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    Claim this Listing
    For Sale
    $440,000

    LAND - Wingate, TX

    Lot size:
    59.97 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 801 State Highway 153

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Boat, RV
    Vegetation
    Grassed, Wooded
    Exterior features
    PrivateEntrance, Storage
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Active
    APN
    R000005962
    Lot size
    59.97 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 2.000 E ISAACS AB: 1035 SU: 454
    Tax Annual Amount
    2211

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Wood, Wood Stove, Fireplace(s)
    Cooling system
    Window Unit(s), Ceiling Fan(s)
    Water source
    Well, Public

    Building Details

    Year built
    1965
    Additional Structures
    Storage, Shed(s)

    We can help!

    Listing Contact
    Chelsea Pemberton
    Chelsea Pemberton

    Listing agent Chelsea Pemberton

    Listing office Sendero Properties, LLC Abilene, TX

    Listing date Mar 25, 2026

    MLS# 21142015 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

    • 60‑acre fenced homestead with 40 acres of improved pasture for grazing livestock, registered with NRCS
    • Spring‑fed creek runs through the eastern portion, bordered by mature live oaks
    • Updated 4‑bedroom, 2‑bath farmhouse (1,623 SF) with real wood burning stove and wood stove/fireplace
    • Metal roof is 1 year old; vinyl flooring throughout; both bathrooms updated
    • Utilities include propane; water sources are city water plus a brand new 100‑ft‑deep well ready to connect
    • Separate unfinished structure could be converted to a guest house; storage includes shipping container plus small tack room and animal pens

    Overview

    Set on nearly 60 acres with a fenced layout, this ranchette homestead is built for practical ranching and everyday living. Approximately 40 acres are improved pasture, and the property is registered with NRCS. A spring-fed creek runs through the eastern portion, bordered by mature live oaks that create a scenic area for wildlife and recreation. The home is a cute updated 4-bedroom, 2-bath older farmhouse with about 1,623 square feet, featuring an open-concept living area with a real wood-burning stove and an eat-in kitchen with newer cabinets, countertops, appliances, and a farm sink. Vinyl flooring runs throughout, both bathrooms have been updated, and the metal roof is about one year old. The property currently runs on city water, with a brand-new well (about 100 feet deep) ready to connect. Additional ranch improvements include an unfinished separate structure that could be converted to a guest house, a shipping container for storage, a small tack room, animal pens, and portable livestock panels.

    Located in Wingate, Texas, and positioned along State Highway 153, the property balances privacy with straightforward access. The ranch setting includes mature tree cover and creek frontage through the eastern portion, adding natural character and usable outdoor space.

    This offering is well-suited to buyers seeking a turn-key lifestyle ranch with grazing value, basic livestock support, and room to expand. It can also appeal to investors or multi-generational households interested in converting the unfinished structure into additional living space while keeping the core homestead and ranch improvements in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Wingate
    County
    Runnels
    State
    Texas
    Longitude
    -100.114344
    Latitude
    32.065927

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    FAQs

    What type of property is this?
    Ranch - Secluded, improved pasture ranch with a spring-fed creek, livestock facilities, and an updated farmhouse for lifestyle and agricultural use.
    Where is this ranch located?
    The property is located at 801 State Highway 153 Wingate, TX.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: 60‑acre fenced homestead with 40 acres of improved pasture for grazing livestock, registered with NRCS; Spring‑fed creek runs through the eastern portion, bordered by mature live oaks; Updated 4‑bedroom, 2‑bath farmhouse (1,623 SF) with real wood burning stove and wood stove/fireplace
    (325) 370-4356
    We can help!
    Listing Contact
    Chelsea Pemberton
    Chelsea Pemberton
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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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