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    2977 Fm 1241 Purmela, TX 76566

    Sponsored
    For Sale
    $6,176,900

    Ranch, Farm/Ranch - Purmela, TX

    Type:Farm
    Property size:
    1,400 SF
    Lot size:
    617.69 Acres
    Days on Market:
    138
    Last Refresh:
    Jan 30 at 4:06 am

    Property Features for 2977 Fm 1241

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    100978
    Parking features
    Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Double Vanity, Natural Woodwork, Open Floorplan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Outdoor Kitchen, Outdoor Living Center, Rv Hookup, Storage, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    1,400 SF
    Lot size
    617.69 Acres

    Utilities

    Heating system
    Electric (Heating), Other (Heating)
    Cooling system
    Ceiling Fan(s), Electric, Multi Units, Wall/Window Unit(s), Window Unit(s)
    Water front features
    Creek

    Building Details

    Year built
    2022
    Floors in Building
    1
    Flooring type
    Laminate
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Outdoor Kitchen, Storage

    We can help!

    Listing Contact
    Calvin Burks
    Calvin Burks

    Burks Real Estate (254) 865-3601

    Listing agent Calvin Burks (254) 865-3601

    Listing date Sep 15, 2025

    MLS# 21060883 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

    617 Acre Ranch with Creek Frontage

    This 617.69-acre property, located on FM 1241 just west of Purmela in Coryell County, Texas, features approximately 4,400 feet of Cow House Creek frontage forming the southern boundary. The land has a 160 ft elevation change with rolling terrain, scenic views, bluffs, ravines, and seasonal branches. Approximately 35 acres are farmable. Water resources include four stock tanks and three water wells, two of which are solar-powered. The main residence, built in 2022, is a 1,400 sq ft cabin with three bedrooms and two and a half bathrooms, a front porch, and a detached two-car garage. Additional lodging includes a one-bedroom, one-bathroom cabin, two small cabins each with bathrooms, a nostalgic camper trailer, and a tree house. A central kitchen-gathering area and an outdoor kitchen are present, along with men’s and women’s restrooms with showers and air conditioning and heat. The main workshop includes two storage rooms with two-bedroom, two-bathroom guest suites above. Additional outbuildings include a 24x12 storage, 30x24, and 40x60 metal building, as well as a chicken coop and garden area. The property offers multiple homesites and diverse topography with open pasture, wooded areas, and creek frontage. It is located approximately 20 minutes from Evant, Hamilton, and Gatesville, one hour from Waco, Temple, Stephenville, and Brownwood, one and a half hours from Austin, and two hours from Fort Worth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Purmela
    County
    Coryell
    State
    Texas
    Longitude
    -98.01053337
    Latitude
    31.48693956

    Nearby Similar for Sale

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    • $2,524,500

      Agricultural Property in Purmela, Texas

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    FAQs

    What type of property is this?
    Ranch - Ranch near Purmela, TX with diverse topography and improvements.
    Where is this ranch located?
    The property is located at 2977 Fm 1241 Purmela, TX.
    What is the asking price?
    The asking price for this property is $6,176,900.
    What are key features of this property?
    This property features: - 617.69 acre ranch with an impressive 4,400 ft of Cow House Creek frontage.; - Main home built in 2022, plus multiple cabins, camper, and treehouse provide ample lodging.; - Improvements include a central kitchen-gathering area, outdoor kitchen, restrooms with showers and AC/Heat, and workshop with guest suites.
    (254) 865-3601
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    2977 Fm 1241 Purmela, TX 76566
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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
    2977 Fm 1241 Purmela, TX 76566
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    We can help!
    Listing Contact
    Calvin Burks
    Calvin Burks
    Real Estate License ID: 0268721
    (254) 865-3601
    Learn more
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