Equestrian Ranch with Creek
For Sale
$820,515
2455 FM 116, Gatesville, TX 76528
LAND - Gatesville, TX
Lot Size86.37 Acres
Days on Market20
Property Features for 2455 FM 116
General Information
Property type
Land
Property subtype
Other
Fencing
Fenced, Perimeter
Subdivision
J Thompson
Lot features
Acreage, Pasture, Pond On Lot
Elementary school
Gatesville
Middle school
Gatesville
High school
Gatesville
Elementary school district
Gatesville ISD
Middle school district
Gatesville ISD
High school district
Gatesville ISD
Directions
From Gatesville, head West on Hwy 84 (Main St) and turn left onto FM 116 towards Killeen. Property will be on the left, watch for sign. GPS to entrance 31.3899, -97.8127.
Standard status
Active
APN
108822
Lot size
86.37 Acres
Taxes and HOA fees
Tax Description
1009 J THOMPSON, ACRES 86.37
Legal Description
1009 J THOMPSON, ACRES 86.37
Utilities
Water front features
Creek
Water front
1
Building Details
Additional Structures
Barn(s)
Listing Agency:
Kim Hill Real Estate Group
(254) 277-1820
Listed By:
Kim Hill · License #0592248
(254) 277-1820
Added: Jul 12
Changed: Jul 27
Last Checked: Jul 31 at 5:06AM
MLS# 21295515
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.
Investment Insights
Based on property information with market context.
This 86.37+/- acre ranch property offers productive agricultural ground and established equestrian and livestock infrastructure. Cross-fenced pastures support grazing, and the property includes two stock ponds that contribute to both ranch utility and wildlife habitat. Ranch improvements include a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. Water and electricity are extended to the barn areas, and a small cabin provides additional flexibility for on-site use.
The land has frontage along FM 116 in Gatesville, Texas, and also borders Cottonwood Creek, which generally maintains water flow except during severe drought conditions. The property is currently leased for grazing.
Utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Hay production is described as approximately 200–250 bales annually, along with support for cattle grazing.
The land has frontage along FM 116 in Gatesville, Texas, and also borders Cottonwood Creek, which generally maintains water flow except during severe drought conditions. The property is currently leased for grazing.
Utility services currently originate from an adjacent residence not included in the sale and will need to be independently connected by the future owner. Hay production is described as approximately 200–250 bales annually, along with support for cattle grazing.
Key Highlights
- 86.37+/- acre ranch with FM 116 frontage in Gatesville, Texas
- Produces approximately 200–250 bales of hay annually and supports cattle grazing
- Cottonwood Creek frontage with water flow typically maintained except during severe drought conditions
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Ranch - 86+ acres with FM 116 frontage, cross-fenced pastures, stock ponds, and ranch improvements including barns and a roping arena.
Where is this ranch located?
The property is located at 2455 FM 116 Gatesville, TX.
What is the asking price?
The asking price for this property is $820,515.
What are key features of this property?
This property features: 86.37+/- acre ranch with FM 116 frontage in Gatesville, Texas; Produces approximately 200–250 bales of hay annually and supports cattle grazing; Cottonwood Creek frontage with water flow typically maintained except during severe drought conditions
