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    201 Fm 116 Gatesville, TX 76528

    For Sale
    $4,116,130

    LAND - Gatesville, TX

    Lot size:
    116.00 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 10 at 6:06 am

    Property Features for 201 Fm 116

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    111168
    Fencing
    Perimeter, Fenced
    Lot size
    116.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    United Country H5 Auction & RE (903) 387-6647

    Listing agent Kim Hill (903) 387-6647 License #0592248

    Listing date Nov 6, 2025

    MLS# 551982 Listing URL

    Copyright © 2025 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Development Land in Gatesville, TX

    This 116-acre tract in Coryell County, annexed into the city limits of Gatesville, TX, presents opportunities for commercial, industrial, and residential development. The property features 4,500 feet of paved frontage on Texas FM 116. The commercial frontage is divided into two tracts, suitable for phased development. Its location and visibility make it suitable for retail, hospitality, medical, office, or government facilities. City utilities are available, and the property has AG tax status. The property also has its own source of road base material, suitable for road construction. Gatesville has a low crime rate, favorable tax climate, and strong economy. Its central position offers access to major highways and proximity to Fort Hood, Waco, Temple, and Killeen, as well as being within driving distance of Austin, DFW, and Houston.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Dental Office Department Store Skin Care Clinic Storage Facility Car Rental Smoke and Vape Shop Shopping Mall Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.78767
    Latitude
    31.422136

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    FAQs

    What type of property is this?
    Land - 116-acre tract suitable for commercial, industrial, and residential development.
    Where is this land located?
    The property is located at 201 Fm 116 Gatesville, TX.
    What is the asking price?
    The asking price for this property is $4,116,130.
    What are key features of this property?
    This property features: - 116-acre tract annexed into city limits, suitable for commercial, industrial, and residential development.; - **4,500 ft. of paved frontage on Texas FM 116**, ideal for phased commercial development.; - City utilities available and AG tax status in place.
    (903) 387-6647
    Request Owner's contact information
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    Gatesville, TX 76528
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    Realmo Value Estimation

    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.

    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.

    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
    201 Fm 116 Gatesville, TX 76528
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