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 CR 204 Richland Springs, TX 76871

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,798,500

    Ranch - Richland Springs, TX

    Type:Ranch
    Lot size:
    300.00 Acres
    Added:
    Dec 23, 2024
    Days on Market:
    488
    Last Refresh:
    Apr 25 at 7:06 am

    Property Features for Tbd CR 204

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    1104
    Lot size
    300.00 Acres

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Ricky McKinnerney

    Listing agent Ricky McKinnerney

    Listing office McKinnerney Real Estate 100 W Coyote Trail, Richland Springs, TX

    Listing date Dec 23, 2024

    MLS# 20759743 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

    Texas Ranch with Mature Trees

    This expansive 300+- acre property, located in the heart of Texas, features mature live oak trees, mesquites, and cedars. The land includes a water well and reservoir storage tank, ensuring ample water supply. Electricity is available, and fiber optic internet is accessible for modern connectivity. Good perimeter fencing, native grasses, and a tank make the property suitable for both hunting and agriculture, and it benefits from an agricultural exemption. The gentle rolling elevations offer picturesque home sites amidst the live oaks. Small, older outbuildings add character to the landscape. This property offers a blend of rustic charm and modern amenities. It is located in Richland Springs, Texas.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Richland Springs
    County
    San Saba
    State
    Texas
    Longitude
    -98.8197
    Latitude
    31.306

    Nearby Similar for Sale

    • $495,000

      Richland Springs Commercial Building For Sale

      7,658 sq ft commercial building on 1.6-acre lot.
      200 E Main Street, Richland Springs, TX 76871
      View Details
    • $499,000

      Richland Springs Recreational Ranch

      36.28 acre recreational ranch with diverse features and improvements.
      2356 CR 211, Richland Springs, TX 76871
      View Details
    • $4,330,950
      1,344 SF

      Richland Springs Ranch and Hunting

      333.17-acre ranch and hunting paradise in San Saba County.
      11814 CR 266, Richland Springs, TX 76871
      View Details
    • $4,330,950

      San Saba County Ranch Paradise

      333.17 acre ranch with home, hunting, and development potential.
      11814 County Road 266, Richland Springs, TX 76871
      View Details
    • $1,059,000
      1,064 SF

      Richland Springs Farm and Ranch

      67.76-acre farm and ranch in Richland Springs, Texas.
      20092 FM500, Richland Springs, TX 76871
      View Details
    • $1,200,000
      800 SF

      Richland Springs Farm with Artesian Well

      Farm with high-yield artesian well, home, and orchard.
      191 County Road 358, Richland Springs, TX 76871
      View Details

    FAQs

    What type of property is this?
    Ranch - 300+- acre Texas ranch featuring mature trees and modern amenities.
    Where is this ranch located?
    The property is located at Tbd CR 204 Richland Springs, TX.
    What is the asking price?
    The asking price for this property is $1,798,500.
    What are key features of this property?
    This property features: Expansive 300+- acre property, ideal for hunting and agriculture with agricultural exemption.; Water well and reservoir storage tank available.; Electricity and fiber optic internet available on site.
    (325) 452-3357
    We can help!
    Listing Contact
    Ricky McKinnerney
    Real Estate License ID: 0341818
    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!