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    18045 -- Kenley Ln Christoval, TX 76935

    Sponsored
    For Sale
    $4,925,000

    Acreage, Farm & Ranch, Farm Land,Ranch Land - Christoval, TX

    Type:Farm
    Lot size:
    231.00 Acres
    Days on Market:
    216
    Last Refresh:
    Jan 30 at 10:06 pm

    Property Features for 18045 -- Kenley Ln

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    None
    Exterior features
    House, Barn, Stables, Working Pens
    Lot size
    231.00 Acres

    Building Details

    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Alan Drennan

    Drennan Real Estate Group (325) 716-5869

    Listing agent Alan Drennan (325) 716-5869

    Listing date Jun 29, 2025

    MLS# 92642 Listing URL

    Copyright © 2026 Central Hill Country 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

    Christoval Farm and Venue Property

    This one-of-a-kind 231-acre property is located on the west bank of the South Concho River, just north of Christoval, Texas. It features approximately 1,700 feet of river frontage lined with native Pecan and Liveoak trees. The eastern portion of the property along the river is coastal and transitions westward to a limestone hill scattered with live oaks. The property is improved with two residences, a lodge, a sale/party/venue barn, a livestock barn, a shop with an attached equipment shed, livestock pens, and two silos, all centrally located on the property. A 100-person rock amphitheater is situated on the bank of the river under the shade. The sale/party/venue barn has hosted several weddings. Currently operated as a stock farm, this property offers significant venue and vineyard potential. Additional details about the improvements and attributes of the property are available in the extra documents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vineyards

    Map

    City
    Christoval
    County
    Tom Green
    State
    Texas
    Longitude
    -100.54552193862
    Latitude
    31.211467088135

    Nearby Similar for Sale

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      Christoval Ranch with River Frontage

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    • $4,250,000

      Vineyard and Agricultural Land

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    FAQs

    What type of property is this?
    Farm - Unique 231-acre property with river frontage and venue potential.
    Where is this farm located?
    The property is located at 18045 -- Kenley Ln Christoval, TX.
    What is the asking price?
    The asking price for this property is $4,925,000.
    What are key features of this property?
    This property features: - Approximately 1,700' of South Concho River frontage with native Pecan and Liveoak trees.; - Multiple residences, including a lodge and two houses.; - **Sale/party/venue barn suitable for weddings and events.**
    (325) 315-1515
    Request Owner's contact information
    18045 -- Kenley Ln Christoval, TX 76935
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    Christoval, TX 76935
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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
    18045 -- Kenley Ln Christoval, TX 76935
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    We can help!
    Listing Contact
    Alan Drennan
    (325) 315-1515
    Learn more
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