TBD COUNTY ROAD 146
About This Property
Discover the beauty and potential of this 62.31-acre ranch located in the desirable Lipan, Texas area. The property features gently rolling terrain with abundant mature oak trees, creating a classic North Texas landscape that offers shade, wildlife habitat, and scenic views. The sandy soil is well-suited for grazing, recreation, and select agricultural uses.
A portion of the property lies within a floodplain, providing a natural setting that supports native grasses and wildlife while adding character to the land. The remaining acreage offers higher ground suitable for a variety of uses, including recreational enjoyment, livestock, or future improvements (subject to buyer verification).
This ranch presents an excellent opportunity for those seeking privacy, open space, and natural beauty in a peaceful rural setting, while still enjoying convenient access to nearby towns and amenities. Ideal for a weekend retreat, recreational ranch, or long-term land investment.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Price Decreased |
$1,089,000
↓ $310K
(22.2%) | |
| Price Decreased | |||
| Mar 4, 2026 | Price Decreased |
$1,399,000
↓ $65K
(4.5%) | |
| Price Decreased | |||
| Jan 16, 2026 | Listed by RIDGETEX REALTY | $1,464,285 | |
| Listed by RIDGETEX REALTY | |||
| May 22, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2024 | Listed by CLARK REAL ESTATE GROUP | $755,500 | |
| Listed by CLARK REAL ESTATE GROUP | |||
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Here's your opportunity to own 35.8 Ag Exempt Acres in the desirable growing community of Lipan! Conveniently located minutes from 281 and downtown Lipan, yet situated on a secluded quiet road, the property is ready to make it your own! Sitting on the property is a large tank that holds water year round. As you go further back, you'll notice a slight elevation increase with a beautiful view surrounded by trees while looking out to the cleared bottom. The tranquil property offers loamy soil, as well as some clay. The land has previously grown coastal, oats, turnips, and Sudan.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017