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    Recreational Hunting Land with Pond Title is generated by Realmo AI

    Dye Mound Road, Forestburg, TX 76239

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    Claim this Listing
    Pending
    $2,181,125

    LAND - Forestburg, TX

    Lot size:
    174.49 Acres
    Added:
    May 19, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for Dye Mound Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Pending
    APN
    R000014586
    Lot size
    174.49 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 160.000 AB 957 WM J ELLIS SURVEY
    Tax Annual Amount
    121

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    John Lanier
    John Lanier

    Listing agent John Lanier License #0453020

    Listing office Parker Properties Real Estate Decatur, TX

    Listing date May 19, 2026

    MLS# 20890464 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

    • Well on the property is run from a solar panel
    • Good‑sized stocked pond
    • About 60–70% wooded with scattered openings
    • Elevation change of over 200 feet, from around 1,050 feet near the live creek to 1,250 feet at the top of the hill
    • Wildlife reported: deer, hogs, turkey, and a variety of small animals
    • Includes a camper and a tractor with mower that will stay with the property

    Overview

    Offered for sale is a recreational hunting tract in Montague County that combines rugged terrain with practical on-site improvements. The property shows more than 200 feet of elevation change, running from a live creek area up to a higher point along the hill. Approximately 60–70% of the land is wooded, with scattered openings that create natural movement and varied hunting cover. Water infrastructure includes a good well reportedly powered by a solar panel. A camper and tractor with mower are included with the property, and a stocked pond adds another managed feature to the landscape.

    Located on Dye Mound Road in Forestburg, Texas, the acreage is suited to owners looking for a private retreat with wildlife activity. The property hosts deer, hogs, turkey, and a variety of small animals, supported by the mix of timber and open areas. The pond has been stocked, though it has not been fished in a while.

    For buyers seeking a long-term recreational property, this land offers a compelling combination of elevation, cover, and game habitat without relying on built improvements. It can also fit buyers interested in a weekend hunting base, with the included camper and equipment designed to support immediate use after closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Forestburg
    County
    Montague
    State
    Texas
    Longitude
    -97.614457
    Latitude
    33.613661

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    FAQs

    What type of property is this?
    Hunting land - Large, heavily wooded property featuring a stocked pond and year-round wildlife for weekend recreation or seasonal hunting.
    Where is this hunting land located?
    The property is located at Dye Mound Road Forestburg, TX.
    What is the asking price?
    The asking price for this property is $2,181,125.
    What are key features of this property?
    This property features: Well on the property is run from a solar panel; Good‑sized stocked pond; About 60–70% wooded with scattered openings
    (940) 627-9040
    We can help!
    Listing Contact
    John Lanier
    John Lanier
    Real Estate License ID: 0453020
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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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