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    Comstock Acreage with Canyon Views Title is generated by Realmo AI

    #75 Ward Ranch, Comstock, TX 78837

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    Claim this Listing
    For Sale
    $199,000

    Acreage - Comstock, TX

    Type:Single Family Residence
    Lot size:
    150.00 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    36
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for #75 Ward Ranch

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential Single Family
    Exterior features
    Portable Building, Other/See Remarks
    Standard status
    Active
    Lot size
    150.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    55

    Building Details

    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Lynzee Lewis

    Listing agent Lynzee Lewis

    Listing office Circle L Realty 939 Lago Vista Dr, Del Rio, TX

    Listing date Apr 30, 2026

    MLS# 207961 Listing URL

    Copyright © 2026 Del Rio Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey Ranch: Includes travel trailers, a cabin, hunting blinds/feeders, and a generator, allowing immediate use.
    • Scenic Canyons: Features two canyons creating natural wildlife corridors and scenic views.
    • Abundant Wildlife: Home to whitetail deer, free‑ranging exotics (axis, aoudad), turkey, quail, and other native species.
    • Low Property Taxes: Agricultural exemption results in approximately $50 annual property taxes (buyer to verify).
    • Community Water Access: Owners have access to a community water source.
    • Established Subdivision: Located in a well‑established subdivision known for expansive views and recreational appeal.

    Overview

    Double Canyon Ranch, encompassing 150 acres in Val Verde County near Comstock, Texas, offers rugged beauty, privacy, and quiet seclusion. Located in a well-established subdivision, the property is known for open skies, expansive views, and recreational appeal. The ranch includes two travel trailers and a recently added cabin, providing a comfortable headquarters. The established campsite offers shade, privacy, and convenience. Two hunting blinds, two feeders, and a water catchment system will remain with the property. The owner is willing to include the generator currently onsite. A defining feature is the pair of canyons creating natural wildlife corridors and scenic vistas. Elevation changes, rock outcroppings, and natural draws give the land character and visual appeal. Wildlife includes whitetail deer, free-ranging exotics such as axis deer and aoudad, turkey, quail, dove, songbirds, and other native species. Vegetation reflects the transition between the Edwards Plateau and West Texas brush country, including cedar, mesquite, shin oak, persimmon, cenizo, sotol, prickly pear, and native browse, with scattered live oaks in draws and along canyon edges. The property currently carries an agricultural exemption. Low POA fees support road maintenance and community water system upkeep. Owners enjoy access to a community water source, and several nearby tracts already have electricity in place, making future utility expansion more attainable.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Comstock
    County
    Val Verde
    State
    Texas
    Longitude
    -101.415
    Latitude
    29.9831

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    FAQs

    What type of property is this?
    Ranch - 150-acre ranch near Comstock, TX with canyon features.
    Where is this ranch located?
    The property is located at #75 Ward Ranch Comstock, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Turnkey Ranch: Includes travel trailers, a cabin, hunting blinds/feeders, and a generator, allowing immediate use.; Scenic Canyons: Features two canyons creating natural wildlife corridors and scenic views.; Abundant Wildlife: Home to whitetail deer, free‑ranging exotics (axis, aoudad), turkey, quail, and other native species.
    (830) 719-2799
    We can help!
    Listing Contact
    Lynzee Lewis
    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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