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    845 N Cardinal Road Reno, TX 76020

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    Claim this Listing
    New
    For Sale
    $619,500

    Barndominium, Farm/Ranch - Reno, TX

    Type:Farm
    Property size:
    1,400 SF
    Lot size:
    8.86 Acres
    Price / SF:
    $442/SF
    Added:
    May 1, 2026
    Days on Market:
    3
    Last Refresh:
    May 3 at 10:06 pm

    Property Features for 845 N Cardinal Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Driveway, Garage, Oversized, RV, Workshop
    Interior features
    Decorative Lighting, Eat-in Kitchen, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Rain Gutters, Lighting, Rv/Boat Parking
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Washer
    Standard status
    Active
    APN
    R000119524
    Size
    1,400 SF
    Lot size
    8.86 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2017
    Floors in Building
    2
    Building materials
    Steel Siding
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Angela LaBounty

    Listing agent Angela LaBounty License #0720547

    Listing office Compass RE Texas, LLC 550 Reserve Street #650, Dallas, TX

    Listing date May 1, 2026

    MLS# 21035908 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

    Equestrian Retreat with Barndominium

    This 8.86-acre equestrian property features a three-bedroom, two-bath barndominium designed for comfort and functionality. The home includes a spacious upstairs loft with two large storage areas, adaptable as a third bedroom or flexible living space. Soaring ceilings create an open atmosphere, complemented by a wood and iron staircase. Custom cabinetry and finishes enhance the interior. A wrap-around porch offers space for relaxation, and a firepit provides an area for gatherings. Equestrian facilities include four stalls equipped with electricity and automatic water systems. There are two large turnouts, measuring 2 and 5 acres, along with two 50x50 pens. A 15'x15' tack room and covered storage cater to equestrian needs, while a 1400 sq ft shop with electricity supports maintenance activities. An RV hookup adds convenience for RV storage or visiting guests. The property yields approximately 30-40 large bales of Coastal Hay annually. The property offers opportunities for a full-time residence, a weekend retreat, or an income-generating rental or boarding investment. It is suited for horse enthusiasts or those with an interest in 4H or FFA seeking a country lifestyle. The property is located in Reno, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Reno
    County
    Lamar
    State
    Texas
    Longitude
    -97.556
    Latitude
    32.912

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    FAQs

    What type of property is this?
    Horse & equestrian property - 8.86-acre equestrian property with barndominium, stalls, and shop.
    Where is this horse & equestrian property located?
    The property is located at 845 N Cardinal Road Reno, TX.
    What is the asking price?
    The asking price for this property is $619,500.
    What are key features of this property?
    This property features: 8.6‑acre equestrian property featuring **4 stalls with electricity and automatic water, 2 large turnouts (2 and 5 acres), and 2 large 50x50 pens**.; **Barndominium home with 3 bedrooms (including a flexible loft), 2 bathrooms, soaring ceilings, and custom finishes.**; 1400 sq ft shop with electricity, 15'x15' tack room, and covered storage.
    (682) 226-6938
    We can help!
    Listing Contact
    Angela LaBounty
    Real Estate License ID: 0720547
    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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    845 N Cardinal Road, Reno, TX 76020

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