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 3230 Hico, TX 76457

    Sponsored
    For Sale
    $125,000

    Unimproved Land - Hico, TX

    Type:Unimproved Land
    Lot size:
    15.01 Acres
    Days on Market:
    11
    Last Refresh:
    Mar 4 at 2:06 pm

    Property Features for Tbd Cr 3230

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000054808
    Lot size
    15.01 Acres

    Taxes and HOA fees

    Expense value
    100
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Craddock

    Signature Land & Home (254) 485-5718

    Listing agent Brian Craddock (254) 485-5718 License #0829801

    Listing date Feb 22, 2026

    MLS# 21183260 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

    Overview

    15 Acres of Open Land

    This 15.01-acre tract of AG-exempt land is located on CR 3230, offering a blend of open space and accessibility. The property is situated 16 minutes from Hico, 25 minutes from Hamilton and the Circle T Arena, and 35 minutes from Stephenville, providing convenient access to roping arenas, shopping, dining, and Tarleton State University. The level tract is suitable for building a home, creating a hobby farm, establishing a weekend retreat, or developing a horse property. Light restrictions are in place to maintain the area’s integrity while allowing flexibility for various plans. A new owner will need to install a well and septic system. The property's open layout and rural setting provide a blank canvas for potential development.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -98.025733
    Latitude
    31.946119

    Nearby Similar for Sale

    • $2,950,000
      0.16 Acres

      Historic Hico Opera House

      Premier retail destination in historic downtown Hico, Texas.
      101 N Elm St, Hico, TX 76457
      View Details
    • $480,000
      40.00 Acres

      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
    • $2,160,437
      354.17 Acres

      354 Acres of Unimproved Land

      Secluded 354-acre property near Hico, Hamilton, and Stephenville, Texas.
      7805 County Road 210, Hico, TX 76457
      View Details
    • $199,000
      0.18 Acres

      Office Building in Growing Hico

      Office building in Hico, Texas, with city utilities.
      306 Cedar St, Hico, TX 76457
      View Details
    • $189,900
      0.18 Acres

      Retail Opportunity in Hico, Texas

      Versatile retail or office space in Hico, Texas.
      600 N Second St, Hico, TX 76457
      View Details
    • New
      $1,250,000
      33.67 Acres

      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
    • $1,325,000
      1,332 SF

      Expansive Ranch with Hunting Potential

      82.56 acres with ranch house, pasture, and woodland.
      1535 County Road 246, Hico, TX 76457
      View Details
    • $995,000
      27.00 Acres

      Hico, TX Horse Property

      27+ acre horse property with barn and riding areas.
      Tbd County Rd 218, Hico, TX 76457
      View Details
    • $320,000
      20.02 Acres

      Texas Ranch with Panoramic Views

      20-acre ranch property with container home near Hico, Texas.
      Pass Lot 14&15 Honey Crk, Hico, TX 76457
      View Details
    • $1,990,900
      191.96 Acres

      Versatile Ranch Near Hico, Texas

      191.96 acre ranch with diverse terrain and abundant wildlife.
      1705a County Road 122, Hico, TX 76457
      View Details
    • $3,499,000
      3,500 SF

      Turnkey Dairy Farm on 221 Acres

      Fully equipped commercial dairy farm in Hamilton County, Texas.
      910 E Fm 219, Hico, TX 76457
      View Details
    • $999,000
      2,000 SF

      Hico, TX Farm/Ranch Property

      26-acre farm/ranch with custom home near Hico, Texas.
      2440 County Road 243, Hico, TX 76457
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 15.01 AG-exempt acres, ideal for building or recreation.
    Where is this agricultural land located?
    The property is located at Tbd Cr 3230 Hico, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - 15.01 AG-exempt acres offer tax benefits and potential.; - Conveniently located: 16 minutes to Hico, 25 minutes to Hamilton/Circle T Arena, 35 minutes to Stephenville/Tarleton State University.; - Level tract is ready to build a home, hobby farm, weekend retreat, or horse property.
    (254) 485-5718
    Request Owner's contact information
    Tbd Cr 3230 Hico, TX 76457
    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.
    Tbd Cr 3230
    Hico, TX 76457
    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
    Tbd Cr 3230 Hico, TX 76457
    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
    Brian Craddock
    Real Estate License ID: 0829801
    (254) 485-5718
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!