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$4,450,950

9940 Cole Road, Pilot Point, TX, 76258

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,578 Sq Ft
FarmFarm
price_per_sqft$1,726.51 / sqft
Year BuiltBuilt in 1981

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Gas Cooktop
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size18.25 acres

Building Information

Year Built1981
Stories1
Garage Spaces1

Land Information

APNR732085
Lot Number32R
SubdivisionHorseshoe Nail Ranch
Land UseResidential
Legal DescriptionHORSESHOE NAIL RANCH LOT 32R
Census Tract020129
Assessed Land Value$1,391,691
Assessed Improvement Value$498,387
Assessment Year2025

About this property

A turnkey equestrian property offered as either 27 acres, 18+- acres with residences and improvements, or 9+- acres of pasture overlooking a pond. See the map attached in the document section of this page. This property presents a rare opportunity to purchase a turnkey equestrian boarding and training facility with income producing potential. The ranch features four barns with a total of sixty-five available stalls, indoor and outdoor arenas, equipment-storage barns, cattle chutes, turnouts, wooded pastures, pipe fencing, and six residences including a main house with swimming pool. The surrounding area is internationally renowned for training and breeding horse farms. There are numerous vets, farriers, and trainers in the immediate area for a variety of styles including cutting, reigning, reigning cow, hunter-jumper, dressage, polo, team roping, halter, thoroughbred, western pleasure, or barrel racing to name a few. The main house was originally built in 1981 as a club house for the ranch and overlooks a swimming pool and patio and cabana area for entertaining. Other residences on the ranch include two apartments within the main barn, and an attached cabin measuring roughly 1,300 sf. A mobile home and double wide, located near the north entrance of the property, are ideal for staff housing or for rentals.

Investor Tools

Property Icon
$4,406,000
Estimated Property Value
$0Estimated Mortgage Balance
$4,391,108Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$26,706 /month
Positive
Cash Flow Estimate:
$8,902 /month

Interested in this property?

Connor Hunt

Briggs Freeman Sotheby's Int'l

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,087/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,017
$386,088
2025
$1,391,691
$498,387
$1,890,078
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,017
$386,088

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Leslie Shambo
Seller Carryback / Seller Financing / Seller Take-Back
$15,000
No
First
Jan 12, 2026
Jan 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,892
$4,391,108
99%
0%
$90/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Pilot Point

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9940 Cole Road | Property Details | No Agent List