Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rochelle Ranch with New Fences Title is generated by Realmo AI

    1000 Homestead Drive, Rochelle, TX 76872

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $229,900

    Ranch - Rochelle, TX

    Type:Ranch
    Lot size:
    21.72 Acres
    Added:
    Dec 23, 2024
    Days on Market:
    509
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 1000 Homestead Drive

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    36242
    Lot size
    21.72 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jerry Burkhart

    Listing agent Jerry Burkhart

    Listing office McKinnerney Real Estate 100 W Coyote Trail, Richland Springs, TX

    Listing date Dec 23, 2024

    MLS# 20502620 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

    • Rural water meter and electricity are already in place.
    • New fences surround the property on all sides.
    • Currently under ag exemption.
    • Located in Rochelle ISD school district.
    • Asphalt frontage road access.
    • Suitable for hunting deer, turkey, hogs, and other wildlife.

    Overview

    This peaceful 21.72-acre property is located in the quiet rural area of Placid, Texas, within the Rochelle ISD school district. It would make a nice country home site or recreational property. The land is suitable for hunting deer, turkey, hogs, and other wildlife. The property features an asphalt frontage road and caliche on the backside. New fences surround the property on all sides. A rural water meter is in place on the property, along with electricity. The property is currently under ag exemption. Brady, Texas, is 20 miles away, offering access to grocery stores, restaurants, and small-town activities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Rochelle
    County
    McCulloch
    State
    Texas
    Longitude
    -99.179799
    Latitude
    31.348724

    Nearby Similar for Sale

    • $618,000

      77 Acres in McCulloch County

      Versatile Texas land with recreational, agricultural, and ranching potential.
      0000 County Road 442, Rochelle, TX 76872
      View Details
    • $1,972,848
      2,090 SF

      Rochelle Ranch with Valley Views

      319-acre ranch featuring a main house, guest house, and barn.
      1825 FM 1028, Rochelle, TX 76872
      View Details
    • $99,900

      Highway Frontage Land in Rochelle, TX

      10.28 acre AG exempt land with highway frontage.
      2055 County Road 472, Rochelle, TX 76872
      View Details
    • $1,199,000

      Rochelle Ranch with Custom Lodge

      123-acre ranch featuring a custom German-style rock lodge.
      4335 -- Hwy 190, Rochelle, TX 76872
      View Details
    • $1,199,000
      2,600 SF

      Rochelle Ranch with Lodge

      123 acre ranch featuring a custom German-style rock lodge.
      4335 Hwy 190, Rochelle, TX 76872
      View Details
    • $110,000

      Rochelle, TX 10-Acre Ranch

      10-acre ranch land with hardwoods, pasture, and new fencing.
      Tract 2 Tbd CR 424, Rochelle, TX 76872
      View Details
    • $249,000

      Rochelle Ranch with Creek Frontage

      24-acre ranch featuring Little Brady Creek, diverse trees, and open pasture.
      Tract 3 Tbd CR 424, Rochelle, TX 76872
      View Details
    • $150,000

      Rochelle Farm and Estate

      15-acre wildlife magnet with pond and FM frontage.
      TBD FM 1028, Rochelle, TX 76872
      View Details
    • $650,000
      1,080 SF

      San Saba County Ranch Retreat

      47-acre ranch with updated home, shop, and creek frontage.
      1483 County Road 255, Rochelle, TX 76872
      View Details
    • $4,330,950
      14,512,885 SF

      San Saba County Ranch Paradise

      333.17-acre ranch with home, cabin, and hunting amenities.
      11814 County Road 266, Rochelle, TX 76872
      View Details
    • $560,000
      1,315 SF

      Texas Hunting Retreat with Cabin

      71-acre hunting property with two-bedroom cabin in central Texas.
      950 County Road 442, Rochelle, TX 76872
      View Details

    FAQs

    What type of property is this?
    Ranch - 21.72 acre ranch featuring new fences, water meter, and electricity.
    Where is this ranch located?
    The property is located at 1000 Homestead Drive Rochelle, TX.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Rural water meter and electricity are already in place.; New fences surround the property on all sides.; Currently under ag exemption.
    (325) 452-3357
    We can help!
    Listing Contact
    Jerry Burkhart
    Real Estate License ID: 0783560
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1000 Homestead Drive, Rochelle, TX 76872
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!