Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    482 Acres W Fm 217 Jonesboro, TX 76538

    Sponsored
    For Sale
    $3,860,272

    Ranch - Jonesboro, TX

    Type:Ranch
    Lot size:
    482.53 Acres
    Days on Market:
    114
    Last Refresh:
    Feb 3 at 3:06 am

    Property Features for 482 Acres W Fm 217

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    105373
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    482.53 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Calvin Burks
    Calvin Burks

    Burks Real Estate (254) 865-3601

    Listing agent Calvin Burks (254) 865-3601

    Listing date Oct 13, 2025

    MLS# 21085584 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

    Overview

    Coryell County Ranch Land For Sale

    Located north of Jonesboro in Coryell County, this 482.534-acre property offers a balance of ranch land, recreation, and natural beauty. The rolling terrain, with elevations ranging from 980 ft to 1180 ft, provides views of the surrounding countryside and multiple homesites. The land includes approximately 75 acres of farmland suitable for grazing or cultivation, with the remainder consisting of open pasture and native tree cover. Several small seasonal branches meander throughout the property, enhancing wildlife habitat. The property features 3 stock tanks and strong perimeter and cross fencing, making it suitable for cattle or other ranching operations. Deer, turkey, and other game roam the ranch, making it a prime hunting property. The property has FM 217 road frontage for access and is located within the Jonesboro ISD. Its central location is approximately 20 minutes from Gatesville & Hamilton, 30 minutes to Clifton, and about an hour to Waco, Temple, Stephenville, and Killeen. This ranch offers potential for ranching, recreation, or building a home.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Jonesboro
    County
    Coryell
    State
    Texas
    Longitude
    -97.84762204
    Latitude
    31.62609286

    Nearby Similar for Sale

    • $1,250,000
      2,380 SF

      Jonesboro Farm/Estate on 100 Acres

      100-acre farm with a stone home and highway frontage.
      10047 Hwy 36 E, Jonesboro, TX 76538
      View Details
    • $2,800,000
      3,029 SF

      Turnkey Ranch Retreat in Jonesboro

      189-acre furnished ranch with farmhouse, mobile homes, and hunting setup.
      1340 County Road 189, Jonesboro, TX 76538
      View Details
    • $10,490,000
      466.52 Acres

      Texas Ranch with River Frontage

      466.52 acre ranch with custom home and guest house.
      11157 State Highway 36, Jonesboro, TX 76538
      View Details
    • $5,160,760
      1,812 SF

      Coryell County Ranch with Creeks

      516-acre ranch featuring a rock home and live water.
      5315 Fm 932, Jonesboro, TX 76538
      View Details
    • $10,490,000
      7,022 SF

      Texas Ranch with River Frontage

      466.52 acre ranch featuring a custom-built 7,022 SF residence.
      11157 N State Highway 36, Jonesboro, TX 76538
      View Details
    • $1,640,000
      225.00 Acres

      230-Acre Ranch in Hamilton County

      Ranch property with creek, tank, and grazing potential near Hamilton.
      Tbd Fm-1602, Jonesboro, TX 76538
      View Details
    • $798,100
      92.00 Acres

      Secluded 92-Acre Ranch in Jonesboro, TX

      92-acre ranch property with wildlife valuation and brush management.
      3575b Fm 932, Jonesboro, TX 76538
      View Details
    • $695,000
      8,767 SF

      Jonesboro TX Multi-Use Estate

      6-Acre Estate, Multiple Dwellings, Huge Potential
      510 Crk 317 Rd, Jonesboro, TX 76538
      View Details

    FAQs

    What type of property is this?
    Ranch - 482.534 acre ranch in Coryell County, perfect for recreation.
    Where is this ranch located?
    The property is located at 482 Acres W Fm 217 Jonesboro, TX.
    What is the asking price?
    The asking price for this property is $3,860,272.
    What are key features of this property?
    This property features: - Large acreage (482.534 acres) offering diverse use: ranching, recreation, and building.; - Productive land with 75 acres of farmland, pasture, native trees, and water features (3 stock tanks, seasonal branches).; - Excellent location with FM 217 frontage and easy access to multiple towns.
    (254) 865-3601
    Request Owner's contact information
    482 Acres W Fm 217 Jonesboro, TX 76538
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    482 Acres W Fm 217
    Jonesboro, TX 76538
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    482 Acres W Fm 217 Jonesboro, TX 76538
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Calvin Burks
    Calvin Burks
    Real Estate License ID: 0268721
    (254) 865-3601
    Learn more
    Google sign-in failed. Please try again or use another login method.