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    Turnkey Recreational Hunting Ranch Land Title is generated by Realmo AI

    9 N Hcr 624 Road N, Goldthwaite, TX 76844

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    For Sale
    $1,675,000

    LAND - Other - Goldthwaite, TX

    Lot size:
    299.89 Acres
    Added:
    May 24, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 9 N Hcr 624 Road N

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Grassed, Wooded
    Fencing
    Fenced
    Standard status
    Active
    APN
    R12293
    Lot size
    299.89 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2010
    Architectural style
    Other
    Additional Structures
    Corral(s)

    We can help!

    Listing Contact
    Angela Hill
    Angela Hill

    Listing agent Angela Hill License #0650525

    Listing office Teamly Realty Early, TX

    Listing date May 24, 2026

    MLS# 21274488 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.

    HighLights

    • Nearly 300‑acre ranch (299.89 acres) in Goldthwaite, TX, across Mills and Hamilton Counties
    • 2‑bedroom, 2‑bath house plus a 30x50 enclosed metal workshop with concrete floors
    • Spring‑fed tank and stocked pond with bluegill and largemouth bass
    • Fully fenced with extensive new fencing completed within the past few years
    • Cattle pens with water and a 15 x 30 deer cleaning station (three‑sided)
    • Central heat and central air; water from well and sewer via septic tank

    Overview

    This turnkey Texas ranch spans nearly 300 acres of rolling pastureland and native grasses with mature oak trees and long-range views. Improvements include a comfortable 2-bedroom, 2-bath house suited for a lodge or weekend retreat, along with a newly constructed 30x50 enclosed metal workshop featuring concrete floors. The property also has a three-sided 15x30 deer cleaning station and cattle pens with water. Water features include a stocked pond with bluegill and largemouth bass, plus a spring-fed tank to support wildlife and livestock. The ranch is fully fenced, with extensive new fencing completed within the past few years.

    The property is located in the Goldthwaite area and sits across Mills and Hamilton Counties. It offers a well-rounded habitat mix for a range of native game species, including whitetail deer, turkey, dove, ducks, and quail.

    This is a strong fit for buyers seeking an immediately usable hunting and recreation property that also supports working ranch use. The existing ranch infrastructure, fencing, and water sources make it well suited for families looking for a private getaway, as well as operators interested in running cattle, sheep, or additional exotic livestock on a fenced, turnkey platform.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Goldthwaite
    County
    Mills
    State
    Texas
    Longitude
    -98.39961
    Latitude
    31.587073

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    FAQs

    What type of property is this?
    Ranch - Nearly 300 acres with a hunting-ready layout, spring-fed water, a 2/2 house, and a fully enclosed metal workshop.
    Where is this ranch located?
    The property is located at 9 N Hcr 624 Road N Goldthwaite, TX.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: Nearly 300‑acre ranch (299.89 acres) in Goldthwaite, TX, across Mills and Hamilton Counties; 2‑bedroom, 2‑bath house plus a 30x50 enclosed metal workshop with concrete floors; Spring‑fed tank and stocked pond with bluegill and largemouth bass
    (512) 922-0607
    We can help!
    Listing Contact
    Angela Hill
    Angela Hill
    Real Estate License ID: 0650525
    Learn More
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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.

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