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    Unrestricted Open Pasture Land Title is generated by Realmo AI

    County Road 414 lot 11, Jonesboro, TX 76538

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    Claim this Listing
    For Sale
    $105,000

    LAND - Jonesboro, TX

    Lot size:
    10.01 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for County Road 414 lot 11

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    62786
    Lot size
    10.01 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1390

    We can help!

    Listing Contact
    Glenda Hall
    Glenda Hall

    Listing agent Glenda Hall License #0578236

    Listing office UCRE Heart of Texas Land & Home Waco, TX

    Listing date Apr 16, 2026

    MLS# 20911426 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

    • 10.01 acres of unrestricted land on County Road 414 in Jonesboro, TX (Hamilton County)
    • Open pastureland suitable for grazing, livestock, horses, or future development
    • Barbed wire fencing in place; electricity available at the road
    • No HOA and no restrictions
    • Water well will be required
    • Convenient access near Highway 36 for trips to Gatesville, Hamilton, and surrounding Central Texas areas

    Overview

    Offered for sale is an unrestricted tract in the Ranches at Prairie Ridge, featuring open pastureland suited for grazing, livestock, horses, or future development. The property includes barbed wire fencing in place and electricity available at the road. Because there is no public water noted, a water well will be required for future use.

    The land is located off County Road 414 in Hamilton County, near Jonesboro, Texas. With convenient access to Highway 36, it offers practical connectivity to Gatesville, Hamilton, and surrounding Central Texas areas while maintaining a rural setting.

    This property is a strong fit for buyers seeking flexible, no-HOA acreage where they can plan their own rural lifestyle or development timeline. The unrestricted status makes it well suited for building a custom home or barndominium, creating a private ranch, or setting up a recreational retreat. If you want land that supports current agricultural uses while leaving room for long-term improvements, this tract provides that opportunity with straightforward site basics already in place.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Jonesboro
    County
    Coryell
    State
    Texas
    Longitude
    -97.99434574
    Latitude
    31.61506443

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Unrestricted acreage with open pasture and fencing, ideal for grazing, livestock, or future rural development.
    Where is this agricultural land / farmland located?
    The property is located at County Road 414 lot 11 Jonesboro, TX.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: 10.01 acres of unrestricted land on County Road 414 in Jonesboro, TX (Hamilton County); Open pastureland suitable for grazing, livestock, horses, or future development; Barbed wire fencing in place; electricity available at the road
    (254) 749-6307
    We can help!
    Listing Contact
    Glenda Hall
    Glenda Hall
    Real Estate License ID: 0578236
    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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