Add Listing
    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

    6388 Old 3 Hundred Dr Washington, TX 77880

    View on Map
    Sponsored
    For Sale
    $1,103,519

    Acreage,Land - Washington, TX

    Type:Farm
    Lot size:
    21.01 Acres
    Days on Market:
    424
    Last Refresh:
    Mar 16 at 8:06 am

    Property Features for 6388 Old 3 Hundred Dr

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Vegetation
    Partially Wooded, Wooded
    APN
    189425
    Parking features
    Carport
    Exterior features
    Partially Wooded, Seasonalcreek, Well
    Lot size
    21.01 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Samantha Medve

    Medve Real Estate, LLC. (936) 662-7604

    Listing agent Samantha Medve (936) 662-7604 License #649466

    Listing date Jan 16, 2025

    MLS# 150060 Listing URL

    Copyright © 2026 South Central Texas 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

    Overview

    Land in Gated Ranch Community

    Located near Washington, TX, Gates Crossing is a luxury ranch community featuring 40 ranches ranging from 14 to 160 acres. This gated development spans 1899 acres on the banks of the Brazos River. Tract 17 is a 21.011-acre lot with road frontage on Old Three Hundred Drive, offering potential for a back porch view. The property is surrounded by trees, providing a sense of privacy. An elevation change from the front to the back of the property could enhance views over a future pool and pond. The back property line includes a seasonal creek, potentially fed by a natural spring. Gates Crossing includes a 600-acre game preserve with whitetail deer, doves, hogs, waterfowl, and other wildlife species, exclusively available to ranch owners. The community features 4.6 miles of Brazos River frontage. The lot pricing includes a custom gated entry, water well, conventional septic system, underground power from the road to the home, and a buried 1000-gallon propane tank. Electrical lines on the 40 tracts are underground. Gates Crossing has restrictions and an HOA. It is located approximately 1 hour and 15 minutes from Houston, approximately 1 hour and 45 minutes from Austin, and approximately 30 minutes to College Station.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Washington
    County
    Washington
    State
    Texas
    Longitude
    -96.119142
    Latitude
    30.249624

    Nearby Similar for Sale

    • $895,000
      2,807 SF

      Texas Woodland Retreat Home

      Contemporary home on 22+ acres near Navasota and Brenham.
      11107 Mount Falls School Rd, Washington, TX 77880
      View Details
    • $3,995,000

      Washington County Estate on Acres

      Private estate with custom home on 17.8 acres.
      404 Blackberry Ln, Washington, TX 77880
      View Details
    • $4,100,000

      Hilltop Home on 55 Acres

      55-acre property with hilltop home, pond views, and outdoor amenities.
      18581 William Penn Rd, Washington, TX 77880
      View Details
    • $2,499,900

      Texas Ranch with Farmhouse

      100-acre working cattle ranch in Washington County, Texas.
      20751 Fm 1155 E, Washington, TX 77880
      View Details
    • $2,499,000

      Brazos River Ranch Land

      105.78 acres of Texas countryside charm on the Brazos River.
      6322 Fm 1370, Washington, TX 77880
      View Details
    • New
      $185,000
      Pending

      Washington, TX Farm with Residence

      2002 sqft home on 1.64 acres near Brenham and Navasota.
      6504 Farm To Market Rd 1370, Washington, TX 77880
      View Details
    • $2,499,900

      Texas Ranch with Farmhouse

      100-acre working cattle ranch in Washington County, Texas.
      20751 Fm 1155 E, Washington, TX 77880
      View Details
    • $1,175,000

      Farmhouse with Bunkhouse and Stables

      Charming farmhouse with bunkhouse, stables, and acreage near Chappell Hill.
      13555 Fm 1155 E, Washington, TX 77880
      View Details
    • $1,450,000

      Agricultural Land Near Chappell Hill

      174.5-acre farm near Chappell Hill, fertile soil.
      00 Felder Rd, Washington, TX 77880
      View Details
    • $169,000

      Washington, TX Farmhouse on Acreage

      Acreage with farmhouse near Bryan/College Station and Houston.
      18105 Sweed Rd, Washington, TX 77880
      View Details
    • $2,499,000

      Brazos River Ranch Land

      105.78 acres of Texas countryside charm on Brazos River.
      6322 Fm 1370, Washington, TX 77880
      View Details
    • $1,398,880

      Luxury Ranch Community

      Gated ranch community with Brazos River frontage.
      5925 Old 3 Hundred Dr, Washington, TX 77880
      View Details

    FAQs

    What type of property is this?
    Ranch - 21-acre lot in luxury ranch community near Brazos River.
    Where is this ranch located?
    The property is located at 6388 Old 3 Hundred Dr Washington, TX.
    What is the asking price?
    The asking price for this property is $1,103,519.
    What are key features of this property?
    This property features: - Exclusive access to a 600-acre game preserve with diverse wildlife.; - Located within the gated Gates Crossing luxury ranch community, offering a secure and refined lifestyle.; - Includes essential utilities: water well, conventional septic system, underground power, and a filled 1000-gallon propane tank.
    (936) 662-7604
    Request Owner's contact information
    6388 Old 3 Hundred Dr Washington, TX 77880
    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.
    6388 Old 3 Hundred Dr
    Washington, TX 77880
    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
    6388 Old 3 Hundred Dr Washington, TX 77880
    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
    Samantha Medve
    Real Estate License ID: 649466
    (936) 662-7604 (979) 530-7088
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!