Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Acreage Tract with Pasture and Tanks Title is generated by Realmo AI

    Private Road 451 lot 51, Grandview, TX 76050

    View on Map
    Claim this Listing
    New
    Pending
    $229,000

    LAND - Grandview, TX

    Lot size:
    10.01 Acres
    Added:
    May 29, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for Private Road 451 lot 51

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    100263
    Lot size
    10.01 Acres

    Taxes and HOA fees

    Tax Description
    GRAND VIEW RANCH PH 1 TR 51 10.01 AC
    Tax Annual Amount
    11

    We can help!

    Listing Contact
    Crystal Beaty

    Listing agent Crystal Beaty License #0832626

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date May 29, 2026

    MLS# 21025934 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

    • 10.01‑acre lot in Grand View Ranch, part of a 1,000‑acre ranch subdivided into mini‑ranches
    • Owner financing available
    • Open pastureland with tanks and heavily wooded areas on the property
    • Survey is current and ready for your plans
    • Utilities include T‑poles placed every 100 feet
    • Ag exemption with current cattle lease; annual taxes reported under $100

    Overview

    Offered for sale as part of Grand View Ranch, this 10.01-acre tract provides a mix of open pastureland and heavily wooded areas, along with tanks for added character and utility. The survey is current and ready for your plans. Utility infrastructure includes T-poles placed every 100 feet, supporting development needs while keeping the property’s rural feel. An active ag exemption is noted via a current cattle lease, with annual taxes reported as under $100.

    The community is positioned just south of Fort Worth and less than an hour from the Dallas-Fort Worth metroplex, balancing country privacy with access to regional shopping, dining, and entertainment. The property is accessed via Private Road 451 within the subdivided 1,000-acre ranch.

    This tract is well suited for buyers seeking a quieter acreage lifestyle with room for a dream home or barndominium, as well as outdoor uses like gardening, recreation, and hobby ranching. Owner financing is available, and the overall “mini-ranch” approach with minimal restrictions is designed to accommodate a range of plans. If you’re looking for a prepared, flexible rural homesite, schedule a private viewing to review the details and next steps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Grandview
    County
    Johnson
    State
    Texas
    Longitude
    -97.2154
    Latitude
    32.2875

    Nearby Similar for Sale

    • $999,000

      Agricultural Land with Ponds and Creek

      Fenced 87.5-acre tract with four stocked ponds, a seasonal creek, and strong road frontage for ranching or development.
      County Road 307, Grandview, TX 76050
      View Details
    • $194,997

      Platted Farmland Development Tracts

      Clean, cultivated farmland with substantial road frontage and development-minded restrictions to support planning and long-term use.
      CR 204 lot: 2, Grandview, TX 76050
      View Details

    FAQs

    What type of property is this?
    Ranch - A scenic Hill County mini-ranch tract with pasture, tanks, and current survey-ready utilities for flexible recreational or residential use.
    Where is this ranch located?
    The property is located at Private Road 451 lot 51 Grandview, TX.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: 10.01‑acre lot in Grand View Ranch, part of a 1,000‑acre ranch subdivided into mini‑ranches; Owner financing available; Open pastureland with tanks and heavily wooded areas on the property
    (817) 441-4000
    We can help!
    Listing Contact
    Crystal Beaty
    Real Estate License ID: 0832626
    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
    Private Road 451 lot: 51, Grandview, TX 76050
    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!