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    Fully Fenced Ranch and Hunting Land Title is generated by Realmo AI

    CR 440, De Leon, TX 76444

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    Claim this Listing
    For Sale
    $890,000

    LAND - De Leon, TX

    Lot size:
    103.30 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    140
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for CR 440

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Fencing
    Fenced
    Standard status
    Active
    APN
    95775
    Lot size
    103.30 Acres

    Taxes and HOA fees

    Tax Description
    A00988 WALKER, JAMES, ACRES 103.3

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Gordon Watts

    Listing agent Gordon Watts License #0792418

    Listing office Signature Land & Home Dublin, TX

    Listing date Jan 14, 2026

    MLS# 21149376 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

    • 103.3‑acre fully fenced property south of Hwy 6 between De Leon and Dublin
    • Approx. 1 mile off FM 1496 on CR 440
    • Approx. 70 acres sown wheat field, with the remainder a mix of woods and native grasses
    • On‑site water well with a 5‑horse pump; set up to feed a nearby tank
    • Wheat drilled on Nov 4 of last fall; approx. 200 lbs of nitrogen sprayed per acre
    • New survey available; boundary lines shown in photos are approximate

    Overview

    This fully fenced ranch and hunting land offering spans 103.3 acres and is designed to support both production and recreation. The property includes approximately 70 acres sown in wheat, with the remainder featuring a mix of woods and native grasses. A water well on-site is equipped with a 5-horse pump, and the property is set up to feed a tank nearby if needed. The acreage has been well-maintained over the years, and a new survey is available.

    The land is located just south of Highway 6 between De Leon and Dublin, with access approximately one mile off FM blacktop road 1496 on CR 440. Boundary lines are shown in photos as approximate, providing a clear starting point for buyers who want to confirm exact dimensions through the available survey.

    For buyers seeking a single tract to run livestock while also enjoying hunting and outdoor recreation, this ground offers a practical blend of open wheat acreage and more natural cover. The established water well and fencing support day-to-day use, while the woods/native grasses portion can support long-term recreational and wildlife-friendly use. The combination of cultivated production area and mixed habitat makes it a strong fit for an operator looking for versatility in one purchase.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    De Leon
    County
    Comanche
    State
    Texas
    Longitude
    -98.481571
    Latitude
    32.082747

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    FAQs

    What type of property is this?
    Ranch - 103+ acres of fully fenced livestock and hunting/recreation land with a wheat field and established water well.
    Where is this ranch located?
    The property is located at CR 440 De Leon, TX.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: 103.3‑acre fully fenced property south of Hwy 6 between De Leon and Dublin; Approx. 1 mile off FM 1496 on CR 440; Approx. 70 acres sown wheat field, with the remainder a mix of woods and native grasses
    (254) 485-5718
    We can help!
    Listing Contact
    Gordon Watts
    Real Estate License ID: 0792418
    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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