Your AI Navigator in Commercial Real Estate
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

    996 County Road 421 Evant, TX 76525

    Sponsored
    For Sale
    $398,000

    Traditional, Farm/Ranch - Evant, TX

    Type:Farm
    Property size:
    1,536 SF
    Lot size:
    16.05 Acres
    Days on Market:
    146
    Last Refresh:
    Jan 19 at 12:06 pm

    Property Features for 996 County Road 421

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    MH55563
    Parking features
    Garage
    Interior features
    High Speed Internet Available, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    1,536 SF
    Lot size
    16.05 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2015
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Board & Batten Siding
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Calvin Burks
    Calvin Burks

    Burks Real Estate (254) 865-3601 [email protected]

    Listing agent Calvin Burks (254) 865-3601

    Listing date Aug 27, 2025

    MLS# 20867990 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

    Evant Ranch with Two Homes

    This 16.053-acre property in Hamilton County, near Evant, TX, features two homes, multiple barns, and is fully fenced. The main residence is a 3-bedroom, 2-bath doublewide manufactured home with approximately 1,536 sq. ft. of living area. It features an open floor plan, a large kitchen with a center island, generous counter space, and a seamless flow into the living and dining areas. The master suite includes a private bath, and the secondary bedrooms are comfortable in size. Flooring includes carpet in the bedrooms and vinyl in the kitchen, bathrooms, and living areas. A large covered back patio deck is ideal for outdoor relaxation and entertaining. The second home is a 2-bedroom, 2-bath singlewide with approximately 896 sq. ft. It has an open concept layout with a bedroom and bath on each end. This home could serve as a guest house, private office, or potential rental for additional income. Ranch improvements include a 52 ft. x 27 ft. four-stall barn complete with a feed room and a second 16 ft. x 60 ft. livestock barn. The acreage is completely fenced, making it suitable for animals. The property features rolling terrain, open spaces, and scattered trees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Evant
    County
    Coryell
    State
    Texas
    Longitude
    -98.14537283
    Latitude
    31.49239276

    Nearby Similar for Sale

    • New
      $7,336,000
      1,048.00 Acres

      Large Acreage Ranch Near Evant

      1,048-acre ranch featuring cattle operations, farming, water, and hunting.
      3485 County Road 530, Evant, TX 76525
      View Details
    • $510,000
      2,280 SF

      Evant Farm/Ranch with Two Homes

      27.358-acre property featuring two homes, workshop, and scenic views.
      1338 County Road 2998, Evant, TX 76525
      View Details
    • $350,000
      1,898 SF

      Texas Hill Country Ranch Retreat

      5.54-acre ranch near Evant with creek and 1,898-sq-ft home.
      1134 Buffalo Crk Dr, Evant, TX 76525
      View Details
    • New
      $7,336,000
      1,048.00 Acres

      Large Acreage Ranch Near Evant, TX

      1,048-acre ranch featuring cattle operations, farming, water, and hunting.
      3485 County Road 530, Evant, TX 76525
      View Details
    • New
      $3,634,610
      519.23 Acres

      Prime Hunting & Cattle Ranch

      519.23-acre ranch near Evant, TX, with hunting and cattle infrastructure.
      530a 519.23 Acres County Rd, Evant, TX 76525
      View Details
    • $4,665,072
      686.04 Acres

      Lampasas County Ranch with Acreage

      686.04 acre ranch in Lampasas County, ideal for grazing.
      4121 County Rd 2719, Evant, TX 76525
      View Details
    • $95,000
      1,200 SF

      Versatile Metal Building in Evant, TX

      30x40 metal building on .4013-acre lot with utilities.
      308 Bee House Rd, Evant, TX 76525
      View Details
    • $399,000
      49.26 Acres

      Evant, Texas Ranch Land

      49-acre ag-exempt property with pasture, woods, and pond.
      Tbd County Rd 520, Evant, TX 76531
      View Details
    • $330,000

      Evant, TX Specialty Property

      Specialty property available for purchase in Evant, Texas.
      570 Pr, Evant, TX 76525
      View Details
    • $1,086,000

      Evant, TX Agricultural Property

      Agricultural property for sale in Evant, Texas.
      4120 County Road 158, Evant, TX 76525
      View Details
    • $369,000
      1.60 Acres

      Prime Hwy 281 Commercial Land

      High-traffic Evant, TX lot, retail potential.
      Hwy 281, Evant, TX 76525
      View Details

    FAQs

    What type of property is this?
    Farm - 16-acre property featuring two homes, barns, and fenced land.
    Where is this farm located?
    The property is located at 996 County Road 421 Evant, TX.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: - 16.053-acre property ideal for livestock or recreation, featuring two homes, barns, and fencing.; - Main residence: Spacious 3-bedroom, 2-bath doublewide (approx. 1,536 sq. ft.) with open floor plan and **large covered back patio**.; - Second home: 2-bedroom, 2-bath singlewide (approx. 896 sq. ft.) suitable as a guest house, office, or rental property.
    (254) 865-3601
    Request Owner's contact information
    996 County Road 421 Evant, TX 76525
    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.
    996 County Road 421
    Evant, TX 76525
    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
    996 County Road 421 Evant, TX 76525
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.