10405 Lipan Highway
About This Property
The land is fully fenced and cross-fenced, making it ideal for livestock, horses, or recreational use. Two stock tanks provide water sources for animals and add to the property's scenic appeal. A blend of open pasture and scattered tree cover creates a beautiful Texas landscape with room to expand, ride, hunt, or simply enjoy the outdoors.
The centerpiece of the property is a well-designed barndominium featuring approximately 1,200 square feet of living space positioned above an impressive 2,400-square-foot shop. The living quarters include three bedrooms, two bathrooms, and a dedicated office, offering comfortable accommodations for full-time living, a ranch headquarters, or weekend retreat.
Below, the expansive shop provides ample space for equipment storage, workshop projects, ranch operations, vehicles, recreational toys, or business use. The layout offers the flexibility that barndominium buyers are seeking, combining practical workspace with comfortable living quarters in one efficient structure.
The property also features a well house and a 30' x 100' tin barn at the western edge of the property.
Rarely do properties offer this combination of acreage, infrastructure, water features, highway frontage, and functional improvements. Enjoy the quiet of country life while remaining within easy reach of Granbury, Weatherford, Stephenville, and the surrounding communities.
Come experience all the possibilities this outstanding Lipan acreage has to offer.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2026 | Price Decreased |
$699,000
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$749,000
↓ $46K
(5.8%) | |
| Price Decreased | |||
| Jun 16, 2026 | Listed by Keller Williams Brazos West | $795,000 | |
| Listed by Keller Williams Brazos West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017