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    County-Fronting Ranch and Hunting Land Title is generated by Realmo AI

    Troy Davis Road, Olney, TX 76374

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    For Sale
    $775,900

    LAND - Other - Olney, TX

    Lot size:
    193.00 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    37
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for Troy Davis Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush, Wooded, Grassed
    Fencing
    Gate, Perimeter
    Standard status
    Active
    APN
    165
    Lot size
    193.00 Acres

    Taxes and HOA fees

    Tax Description
    TE&L Survey 2445, A-1123 & TE&L Survey 83, A-0359

    Utilities

    Water front features
    Creek

    Building Details

    Architectural style
    Other
    Additional Structures
    Corral(s)

    We can help!

    Listing Contact
    Arena Drennan

    Listing agent Arena Drennan License #0411524

    Listing office Drennan Realty Graham, TX

    Listing date Apr 29, 2026

    MLS# 21243930 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

    • 193.41 acres with county road frontage on Troy Davis Rd, about 12 miles west of Olney
    • Two tracts suitable for cultivation for flexible livestock and/or farming use
    • Perimeter and cross fencing with barbed wire for livestock management
    • Seasonal creek runs through the property, with creek access described as a Waterfront Feature
    • Co‑op water meter in place; electricity available along the county road
    • Heavily wooded areas noted for deer, hog, and varmint hunting cover

    Overview

    Offered as a surface estate only, this approx. 193-acre property is laid out in two tracts suitable for cultivation and includes perimeter and cross fences with barbed wire for practical livestock management. A seasonal creek runs through the land, contributing to a natural setting with wildlife habitat and a quiet backdrop for weekend camping. Large, heavily wooded areas provide cover for deer, hog, and varmint hunting, while the overall configuration supports a working ranch, a mixed livestock and farming operation, or a combination of both.

    The property is located about 12 miles west of Olney, TX, with county road frontage on Troy Davis Rd. A co-op water meter is already in place, and electricity is available along the county road, adding convenience for ongoing use.

    For buyers seeking a versatile rural tract, the fenced layout and cultivation-friendly split make it well-suited for livestock operations and farming-based rotations, while the wooded cover and creek support a true hunting and recreation component. The acreage also offers room to create a private ranch retreat for RV and ATV recreation, guided by the existing fencing, natural features, and access provided by the county road frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Olney
    County
    Young
    State
    Texas
    Longitude
    -98.887871
    Latitude
    33.37492

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      Land on Troy Davis Road

      Land available on Troy Davis Road, Olney, Texas.
      0000 Troy Davis Road, Olney, TX 76374
      View Details

    FAQs

    What type of property is this?
    Ranch - Approx. 193-acre tract with fenced pasture, a seasonal creek, and wooded cover for livestock and hunting, with co-op water in place.
    Where is this ranch located?
    The property is located at Troy Davis Road Olney, TX.
    What is the asking price?
    The asking price for this property is $775,900.
    What are key features of this property?
    This property features: 193.41 acres with county road frontage on Troy Davis Rd, about 12 miles west of Olney; Two tracts suitable for cultivation for flexible livestock and/or farming use; Perimeter and cross fencing with barbed wire for livestock management
    (940) 549-8555
    We can help!
    Listing Contact
    Arena Drennan
    Real Estate License ID: 0411524
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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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