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    998 W Fm 218 Hamilton, TX 76531

    Sponsored
    For Sale
    $399,999

    Prairie,Ranch,Traditional, Farm/Ranch - Hamilton, TX

    Type:Farm
    Property size:
    1,514 SF
    Lot size:
    17.88 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 24 at 4:06 am

    Property Features for 998 W Fm 218

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    R16923
    Parking features
    Carport, Covered, Open
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Tv Available, Decorative Lighting, Kitchen Island, Paneling
    Exterior features
    Covered Patio/Porch, Private Yard, Rv Hookup, Rv/Boat Parking, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Microwave, Refrigerator, Refrigerator - Built-in, Washer
    Size
    1,514 SF
    Lot size
    17.88 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    1945
    Floors in Building
    1
    Flooring type
    Laminate, Wood
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), RV/Boat Storage, Stable(s), Storage

    We can help!

    Listing Contact
    Brittany Jones

    Texas West Real Estate LLC (817) 694-6045

    Listing agent Brittany Jones (817) 694-6045 License #0715526

    Listing date Jan 23, 2026

    MLS# 21157208 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

    Texas Ranch with Equestrian Potential

    Located in Hamilton, TX, this 17.88-acre ranch offers a blend of charm and functionality. The property is conveniently situated minutes from the Circle T Arena. An electric gated entrance welcomes you to the property, which features perimeter fencing, lush coastal grass suitable for livestock, and a stock tank. The residence includes 2 bedrooms and 1 full bath, plus an ensuite bathroom in the primary bedroom with connections for a separate shower and tub. The home offers character and warmth, with a large covered back porch. Multiple outbuildings include a large metal covered area for RV or horse trailer parking with a plug, a metal building with an additional covered overhang for equipment or storage, a wooden barn with stalls, and a greenhouse. The sandy soil is suitable for horses, with the potential for adding an arena or horse barn. The property is suitable as a small ranch, equestrian setup, or country escape in a Hamilton County location. The residence has 1514 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Law Firm Kitchen & Bath Wine and Liquor Store Plumbing Service Pet Store Italian Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Hamilton
    State
    Texas
    Longitude
    -98.14372097
    Latitude
    31.70279782

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    FAQs

    What type of property is this?
    Ranch - 17.88-acre ranch in Hamilton, TX, near Circle T Arena.
    Where is this ranch located?
    The property is located at 998 W Fm 218 Hamilton, TX.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: - 17.88-acre ranch property in Hamilton, TX, ideal for country living.; - Located minutes from the Circle T Arena.; - Includes perimeter fencing, lush coastal grass, and a stock tank suitable for livestock.
    (817) 694-6045
    Request Owner's contact information
    998 W Fm 218 Hamilton, TX 76531
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    Hamilton, TX 76531
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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
    998 W Fm 218 Hamilton, TX 76531
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    We can help!
    Listing Contact
    Brittany Jones
    Real Estate License ID: 0715526
    (817) 694-6045
    Learn more
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