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

    Tbd County Road 246 Hico, TX 76457

    View on Map
    For Sale
    $995,280

    Unimproved Land - Hico, TX

    Type:Unimproved Land
    Lot size:
    76.56 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    15
    Last Refresh:
    Mar 31 at 8:06 pm

    Property Features for Tbd County Road 246

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000075302
    Lot size
    76.56 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    J J HAMPTON

    Listing agent J J HAMPTON

    Listing office J.J. HAMPTON REALTY 2291 Senator Robert J. Glasgow Loop, Stephenville, TX

    Listing date Mar 17, 2026

    MLS# 21124754 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.

    Overview

    76.56 Acres of Raw Land

    This expansive 76.56-acre parcel of raw land is located 8 miles south of Stephenville, off Highway 281. The property features a diverse landscape, combining cleared acreage with dense woodland. Approximately 33 acres have been cleared, presenting an opportunity for hay production or other agricultural endeavors, benefiting from fertile soil and ample sunlight. The remaining acreage is densely covered with trees, creating a habitat for wildlife and an exceptional hunting location, offering privacy and seclusion. This property offers space and resources suitable for a private estate, a recreational retreat, or a working farm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -98.033
    Latitude
    31.981

    Nearby Similar for Sale

    • $480,000

      Versatile 40-Acre Central Texas Ranch

      40 acres near Hico, TX, ideal for ranching and recreation.
      0000 County Road 119, Hico, TX 76457
      View Details
    • $395,000

      Hico, TX Stone Building

      Stone building suitable for retail, office, or other businesses.
      510 N Second Street, Hico, TX 76457
      View Details
    • $845,000

      Commercial Lot in Hico, Texas

      Commercial land with development potential at major highway intersection.
      108 Cedar Street, Hico, TX 76457
      View Details
    • $2,950,000

      Historic Hico Opera House

      Premier retail destination in historic downtown Hico, Texas.
      101 N Elm Street, Hico, TX 76457
      View Details
    • $1,499,000
      2,640 SF

      Hico Ranch with Stocked Lake

      93-acre ranch featuring a modern farmhouse and stocked lake.
      1642 County Road 234, Hico, TX 76457
      View Details
    • $2,495,000
      2,846 SF

      Erath County Ranch with Airstrip

      102 acre ranch with custom home and grass airstrip.
      2707 County Road 247, Hico, TX 76457
      View Details
    • $1,250,000

      Texas Ranch with Vineyard Potential

      33.67-acre Texas ranch suitable for estate or commercial development.
      8526 N Fm 1744, Hico, TX 76457
      View Details
    • $839,900

      40 Acres with Creek Frontage

      40-acre property with creek frontage near Hico, Texas.
      2523 County Road 218, Hico, TX 76457
      View Details
    • $1,299,999
      1,332 SF

      Expansive Ranch with Hunting Potential

      82.56 acres with ranch house, pasture, and woodlands.
      1535 County Road 246, Hico, TX 76457
      View Details
    • $1,990,900

      Versatile Ranch Near Hico, Texas

      191.96 acre ranch with diverse terrain and abundant wildlife.
      1705a CR 122, Hico, TX 76457
      View Details
    • $995,900
      1,390 SF

      Hico Farm/Ranch with Acreage

      81.81-acre farm/ranch featuring a rock home, barns, and water features.
      9885 County Road 270, Hico, TX 76457
      View Details
    • $199,000

      Office Building in Growing Hico

      Office building in Hico, Texas, with city utilities.
      306 Cedar Street, Hico, TX 76457
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Expansive land parcel perfect for agriculture, recreation, or private estate.
    Where is this agricultural land / farmland located?
    The property is located at Tbd County Road 246 Hico, TX.
    What is the asking price?
    The asking price for this property is $995,280.
    What are key features of this property?
    This property features: Expansive 76.56+or- acre parcel offers diverse landscape.; Conveniently located 8 miles south of Stephenville off Highway 281.; Approximately 33 acres cleared for hay production or agriculture.
    (254) 965-4717
    We can help!
    Listing Contact
    J J HAMPTON
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!