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    Turnkey Hunting Tracts with Ponds Title is generated by Realmo AI

    TBD County Road 291, Breckenridge, TX 76464

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    Claim this Listing
    For Sale
    $1,029,350

    LAND - Other - Breckenridge, TX

    Lot size:
    147.05 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for TBD County Road 291

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Brush
    Fencing
    Gate, Fenced
    Standard status
    Active
    APN
    R20231
    Lot size
    147.05 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 146.800 TRACT: SW/4 ABST: 2066 SURVEY:
    Tax Annual Amount
    167

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Dedwylder

    Listing agent David Dedwylder License #0489408

    Listing office Pinnacle Group REALTORS Arlington, TX

    Listing date Apr 10, 2026

    MLS# 21226966 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

    • 147‑acre fully fenced hunting and recreational property in Stephens County, Texas, with recent fencing improvements totaling over $40,000
    • Entire 147 acres divided into three separate tracts, each with its own private gate
    • Each tract has its own water access (public water) and electricity available, with three separate water meters
    • Gently rolling terrain with dense natural cover, designed as habitat for whitetail deer, turkey, and hogs
    • Two ponds on the property plus established feeders and multiple hunting stands for immediate use
    • Can be purchased as the full contiguous 147 acres or as one, two, or all three tracts

    Overview

    This fully fenced hunting and recreational property totals 147.05 acres and is set up for immediate use. The land features gently rolling terrain with dense natural cover that supports habitat for whitetail deer, turkey, and hogs. Two ponds, established feeders, and multiple hunting stands are already in place, and the fencing has been recently improved with more than $40,000 invested in upgrades. The acreage is divided into three separate tracts, each accessed through its own private gate, with water available and electricity on site. Three separate water meters are in place, offering a rare and practical advantage for Texas recreational land.

    Located in Stephens County near the Shackelford County line, the property offers a balance of convenience and privacy. It is described as a short drive to Breckenridge and Hubbard Creek Lake, supporting easy weekend access while maintaining a secluded feel.

    This configuration fits buyers seeking turnkey hunting without the added timeline of installation. The ability to purchase the entire contiguous parcel or select one, two, or all three tracts provides flexibility for individual user-operators, family ownership, or an investor looking to manage multiple separated hunting areas with their own gated access and utility availability.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Breckenridge
    County
    Stephens
    State
    Texas
    Longitude
    -99.1748
    Latitude
    32.5978

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    FAQs

    What type of property is this?
    Hunting land - Fully fenced 147-acre hunting property with two ponds, feeders, and multiple stands, divided into three gated tracts.
    Where is this hunting land located?
    The property is located at TBD County Road 291 Breckenridge, TX.
    What is the asking price?
    The asking price for this property is $1,029,350.
    What are key features of this property?
    This property features: 147‑acre fully fenced hunting and recreational property in Stephens County, Texas, with recent fencing improvements totaling over $40,000; Entire 147 acres divided into three separate tracts, each with its own private gate; Each tract has its own water access (public water) and electricity available, with three separate water meters
    (817) 460-3900
    We can help!
    Listing Contact
    David Dedwylder
    Real Estate License ID: 0489408
    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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