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    The Largest CRE Database in the US with Over 1 Million Listings

    650 County Road 82 Gatesville, TX 76528

    Sponsored
    For Sale
    $480,000

    Ranch - Gatesville, TX

    Type:Ranch
    Lot size:
    32.35 Acres
    Days on Market:
    25
    Last Refresh:
    Feb 5 at 1:06 pm

    Property Features for 650 County Road 82

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Standard status
    Active
    APN
    106315
    Patio and Porch features
    Patio, Porch
    Exterior features
    Covered Patio/Porch, Garden(s), Storage, Fence
    Fencing
    Fenced
    Lot size
    32.35 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    River Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1996
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kim Hill

    Kim Hill Real Estate Group (254) 277-1820

    Listing agent Kim Hill (254) 277-1820 License #0592248

    Listing date Jan 12, 2026

    MLS# 20941724 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

    32-Acre Texas Ranch on Leon River

    This 32.35-acre property in Gatesville, TX, features over 675 feet of year-round frontage on the Leon River, suitable for fishing, kayaking, and riverside activities. The land is characterized by native Texas hardwoods, including oak, pecan, elm, and ash, with minimal cedar and sandy loam soils. The property's rolling topography and established trails create a sense of spaciousness. A deep water well is present, capable of supporting homestead or livestock needs. The property has a history of Native American presence, with arrowheads having been found on site. Wildlife is abundant, with frequent sightings of deer and turkey. Improvements include a 1996-model manufactured home, storage buildings, covered porches, and a pump house with washer and dryer hookups and a full bathroom. A chicken coop houses egg-producing chickens and free-ranging guineas. The property offers views of sunrises over the river and sunsets across the pasture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.779268
    Latitude
    31.477917

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    FAQs

    What type of property is this?
    Ranch - 32-acre ranch with river frontage, hardwoods, and abundant wildlife.
    Where is this ranch located?
    The property is located at 650 County Road 82 Gatesville, TX.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: - 32-acre property with **675+ feet of Leon River frontage** for year-round water activities.; - **Deep water well** provides reliable water source for homestead or livestock.; - Native Texas hardwoods, rolling topography, and established trails create a private and expansive feel.
    (903) 686-0636
    Request Owner's contact information
    650 County Road 82 Gatesville, TX 76528
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    Gatesville, TX 76528
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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
    650 County Road 82 Gatesville, TX 76528
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    We can help!
    Listing Contact
    Kim Hill
    Real Estate License ID: 0592248
    (903) 686-0636
    Learn more
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