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    Texas Ranch with Lake and Barndominium Title is generated by Realmo AI

    168 Private Road 2641, Santa Anna, TX 76878

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    Claim this Listing
    For Sale
    $4,950,000

    Improved Land - Santa Anna, TX

    Property size:
    1,500 SF
    Lot size:
    865.90 Acres
    Price / SF:
    $3,300/SF
    Added:
    May 16, 2026
    Days on Market:
    12
    Last Refresh:
    May 27 at 4:06 pm

    Property Features for 168 Private Road 2641

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R13325
    Size
    1,500 SF
    Lot size
    865.90 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Roland

    Listing agent James Roland License #0520416

    Listing office Ranch & Hunting Land Realty, LLC 140 Allen Dr, Bangs, TX

    Listing date May 16, 2026

    MLS# 21078574 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

    • 858‑acre high‑fenced ranch with diverse terrain, mature oak cover, and excellent road system.
    • Enjoy the 8+ acre stocked lake with floating dock and rock fish habitat, plus 7 additional ponds.
    • New, fully furnished 1,500 sq. ft. barndominium with panoramic views, outdoor kitchen, firepit, and covered porches.
    • Exceptional hunting opportunities for dove, ducks, turkey, and quail.
    • Utilities in place: water, electricity, and hardwired internet.
    • 5.6 miles of new tight‑lock fencing with secure water gaps.

    Overview

    This 865.9-acre high-fenced ranch in Coleman County, Texas, offers a turn-key property with amenities. The land features rolling terrain, mature oak cover, and an 8-acre lake stocked with fish. A 1,500 sq. ft. barndominium sits on the ranch’s highest point, offering panoramic views, an outdoor kitchen, a firepit, and covered porches. The barndominium is fully furnished. The ranch has an 110 ft. elevation change and an road system. The 8-acre lake is 25+ ft. deep and includes a floating dock and rock fish habitat. There are seven additional ponds, one of which is stocked with 600 black-nosed crappie. Approximately 665 acres are timbered with live oak, post oak, mesquite, elm, hackberry, and cedar. There are 201 acres of cultivation in 4 fields; a local farmer lease is available. The property includes 5.6 miles of new tight-lock fencing with water gaps. Hunting opportunities exist for dove, ducks, turkey, and quail. Utilities in place include water, electricity, and hardwired internet. There is a 1-car garage for ATV storage and crushed-granite landscaping. A future homesite has been cleared beside the barndominium. The property is located 0.5 miles off CR 264, 8 miles south of Santa Anna, and 29 miles southwest of Brownwood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Anna
    County
    Coleman
    State
    Texas
    Longitude
    -99.310226
    Latitude
    31.65941

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    FAQs

    What type of property is this?
    Ranch - 865.9-acre high-fenced ranch featuring an 8-acre lake and barndominium.
    Where is this ranch located?
    The property is located at 168 Private Road 2641 Santa Anna, TX.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: 858‑acre high‑fenced ranch with diverse terrain, mature oak cover, and excellent road system.; Enjoy the **8+ acre stocked lake with floating dock and rock fish habitat**, plus 7 additional ponds.; New, **fully furnished 1,500 sq. ft. barndominium with panoramic views**, outdoor kitchen, firepit, and covered porches.
    (325) 647-7889
    We can help!
    Listing Contact
    James Roland
    Real Estate License ID: 0520416
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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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