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    1340 County Road 189 Jonesboro, TX 76538

    View on Map
    Sponsored
    For Sale
    $2,499,999

    Farm/Ranch - Jonesboro, TX

    Type:Farm
    Property size:
    2,533 SF
    Lot size:
    189.00 Acres
    Days on Market:
    33
    Last Refresh:
    Mar 10 at 3:06 am

    Property Features for 1340 County Road 189

    General Information

    Property type
    Residential
    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
    106885
    Parking features
    Carport, Driveway, Garage, Gated, RV, Workshop
    Interior features
    Chandelier, Decorative Lighting, Eat-in Kitchen, Flat Screen Wiring, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Pantry, Tile Counters, Walk-in Closet(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Garbage Disposer, Ice Maker, Microwave, Range, Refrigerator, Warming Drawer, Washer
    Size
    2,533 SF
    Lot size
    189.00 Acres

    Utilities

    Heating system
    Fireplace(s)

    Building Details

    Year built
    2021
    Floors in Building
    2
    Flooring type
    Carpet, Tile
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Tai Cobb Klam

    Cobb Properties (254) 253-0157

    Listing agent Tai Cobb Klam (254) 253-0157 License #0594871

    Listing date Feb 5, 2026

    MLS# 20977948 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Ranch Retreat in Jonesboro

    This turnkey ranch retreat, spanning 189 acres, is located in Jonesboro, Texas, approximately 15 miles from Hamilton and 17 miles from Gatesville. The property includes a farmhouse built in 2021, featuring 4 bedrooms and 3.5 bathrooms. The open-concept kitchen and dining area create a welcoming space, with the primary suite and one guest room on the ground floor. Upstairs, there are two additional bedrooms, a full bath, and a bonus room currently used as sleeping quarters. Additional accommodations include a double-wide and a single-wide mobile home. The property is set up for hunting, with 7 feeders and 7 blinds. Approximately 55 acres are dedicated to hay production, yielding between 70 to 180 bales annually. A large shop provides storage, while the RV barn, complete with a cookout space, is suitable for entertaining. Horse lovers will appreciate the designated trap with loafing sheds. The property includes native grasses, hardwoods, oak, cedar, and mesquite, along with a one-acre tank and a seasonal pond. Recent improvements include a generator and a water storage tank. The main house has a total space of 3029 square feet, with 2533 square feet of heated space. The property is all electric, except for the gas fireplace and gas-powered cooktop. There is a tankless water heater for the main home and a conventional water heater for the mobile homes. It is perfect for multi-generational gatherings, hunting weekends, or peaceful escapes to the country.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Jonesboro
    County
    Coryell
    State
    Texas
    Longitude
    -97.897551
    Latitude
    31.584782

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    FAQs

    What type of property is this?
    Ranch - 189-acre furnished ranch with farmhouse, mobile homes, and hunting setup.
    Where is this ranch located?
    The property is located at 1340 County Road 189 Jonesboro, TX.
    What is the asking price?
    The asking price for this property is $2,499,999.
    What are key features of this property?
    This property features: - Turnkey 189-acre ranch retreat, fully furnished and equipped for immediate use.; - Beautifully designed 4-bedroom, 3.5-bathroom farmhouse built in 2021 with open-concept living.; - Multiple dwellings: Includes a main house, double-wide, and single-wide mobile home, all furnished.
    (254) 253-0157
    Request Owner's contact information
    1340 County Road 189 Jonesboro, TX 76538
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    Jonesboro, TX 76538
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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
    1340 County Road 189 Jonesboro, TX 76538
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    We can help!
    Listing Contact
    Tai Cobb Klam
    Real Estate License ID: 0594871
    (254) 253-0157
    Learn more
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