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    North Texas Hunting Ranch Land Title is generated by Realmo AI

    Nowell Road, Quanah, TX 79252

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    Claim this Listing
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    For Sale
    $1,024,000

    LAND - Other - Quanah, TX

    Lot size:
    320.00 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 7 at 10:06 am

    Property Features for Nowell Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Brush
    Fencing
    Fenced
    Standard status
    Active
    APN
    2959
    Lot size
    320.00 Acres

    Taxes and HOA fees

    Tax Description
    EAST 1/2

    Utilities

    Water source
    Well
    Water front features
    Creek

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Horton

    Listing agent Jason Horton

    Listing office United Country H5 Auction & Realty Longview, TX

    Listing date Jun 5, 2026

    MLS# 21292359 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

    • 320+/- acre Hardeman County ranch near Quanah, with creek frontage and native wildlife habitat
    • Divided into two 160‑acre tracts, including one fenced separately native pasture tract
    • 160+/- acres improved pasture with primarily bluestem grasses for rotational grazing
    • 160+/- acres native pasture featuring curly mesquite, buffalo grass, little bluestem, and sideoats grama
    • Cross‑fenced into 80‑acre pastures with dependable water from a submersible well plus a 2‑3‑acre stock tank and smaller water sources
    • Perimeter and cross fencing throughout, with gentle elevation changes and a seasonal wet weather draw

    Overview

    This 320+/- acre North Texas ranch combines fenced native pasture with improved pasture and a water system designed for practical use. The property is divided into two 160-acre tracts, including a fenced native pasture tract and an improved pasture tract cross-fenced into roughly 80-acre sections. Water is provided by a submersible well, supported by a 2–3 acre stock tank plus additional smaller water sources. Perimeter and cross-fencing are in place throughout, and the land features gentle elevation changes along with a seasonal wet weather draw.

    Access is supported by proximity to FM 680, located about one mile from the property. Quanah is approximately 12 miles away, and Childress is about 15–20 miles from the ranch, with regional goods and services available in those towns.

    For buyers looking for a working ranch setup or a hunting property, the acreage includes diverse habitat with a mix of native grasses and natural cover. The remarks list native wildlife such as whitetail deer, Rio Grande turkey, feral hogs, coyotes, bobwhite quail, and dove, along with multiple bedding areas. The layout and pasture rotation infrastructure may also align with cow-calf or stocker grazing operations that benefit from separated paddocks and reliable water.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Quanah
    County
    Hardeman
    State
    Texas
    Longitude
    -99.8151
    Latitude
    34.3085

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    FAQs

    What type of property is this?
    Ranch - 320+/- acre Hardeman County ranch with fenced pasture, dependable well water, and multiple tanks for livestock or hunting use.
    Where is this ranch located?
    The property is located at Nowell Road Quanah, TX.
    What is the asking price?
    The asking price for this property is $1,024,000.
    What are key features of this property?
    This property features: 320+/- acre Hardeman County ranch near Quanah, with creek frontage and native wildlife habitat; Divided into two 160‑acre tracts, including one fenced separately native pasture tract; 160+/- acres improved pasture with primarily bluestem grasses for rotational grazing
    (940) 600-0188
    We can help!
    Listing Contact
    Jason Horton
    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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