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    The Largest CRE Database in the US with Over 1 Million Listings

    1009 Private Road 1024 Hallettsville, TX 77964

    Sponsored
    For Sale
    $1,500,000

    Residential (farm-ranch),Farm,Standard Frame - Hallettsville, TX

    Type:Farm
    Property size:
    3,342 SF
    Lot size:
    48.00 Acres
    Days on Market:
    14
    Last Refresh:
    Jan 26 at 6:06 am

    Property Features for 1009 Private Road 1024

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    50332
    Parking features
    Carport, Garage
    Exterior features
    Barn(s), Barns, Additional_house, Additional House, Pond, Private Road, Well
    Size
    3,342 SF
    Lot size
    48.00 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1984
    Year renovated
    1984
    Floors in Building
    1
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Chip Bubela
    Chip Bubela

    Bubela & Associates, Inc. Schulenburg (979) 221-6679 Flatonia (361)741-4890

    Listing agent Chip Bubela (979) 743-4555 License #590779

    Listing date Jan 13, 2026

    MLS# 154310 Listing URL

    Copyright © 2026 South Central Texas 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.

    Learn more

    Property Insight Report

    Overview

    Lavaca County Ranch with Income Potential

    Located in Lavaca County, this 48-acre property features a 3,342 sq ft main home with 4 bedrooms and 3 bathrooms, along with three additional apartment units and multiple outbuildings. The main residence includes multiple living areas and covered outdoor spaces, such as two open porches, several carports, and a patio cover. The property also contains multiple barns, sheds, utility buildings, and four chicken coops suitable for conversion into storage, workshops, or studio areas. Three apartments, each over 700 sq ft, include covered parking and basic furniture and appliances. Apartment 1 has 3 bedrooms and 1 bathroom, while Apartments 2 and 3 each have 2 bedrooms and 1 bathroom. Historically, the apartments have generated approximately $1,000 per month each in rental income. Outdoor amenities include two ponds, one with a fishing pier and covered seating, plus a deer blind and feeder. The property maintains a current Ag exemption through a verbal cattle lease with the neighboring landowner. The 48 unrestricted acres feature rolling pasture, paved road access, three septic tanks, and a water well. One of the current apartment tenants serves as the ranch hand, assisting with property operations. The property is located minutes from Hallettsville and approximately 10 minutes from Splashway Waterpark & Campgrounds.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Hallettsville
    County
    Lavaca
    State
    Texas
    Longitude
    -96.709275
    Latitude
    29.460324

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    FAQs

    What type of property is this?
    Ranch - 48-acre ranch featuring a main home, apartments, and outbuildings.
    Where is this ranch located?
    The property is located at 1009 Private Road 1024 Hallettsville, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 48 unrestricted acres with Ag exemption offering tax advantages.; - Spacious 3,342 sq ft, 4-bed / 3-bath main residence with multiple living areas and covered outdoor spaces.; - Three additional apartment units (3/2/2 bed configurations) provide immediate rental income potential.
    (922) 337-2036
    Request Owner's contact information
    1009 Private Road 1024 Hallettsville, TX 77964
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    Hallettsville, TX 77964
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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.

    More about this property
    1009 Private Road 1024 Hallettsville, TX 77964
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    We can help!
    Listing Contact
    Chip Bubela
    Chip Bubela
    Real Estate License ID: 590779
    (922) 337-2036
    Learn more
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