Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Hunting Ranch Near Comstock Title is generated by Realmo AI

    US Hwy 90, Comstock, TX 78837

    View on Map
    Claim this Listing
    For Sale
    $9,724,500

    Vacant Land - Comstock, TX

    Lot size:
    12,997.00 Acres
    Added:
    Jul 31, 2025
    Days on Market:
    309
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for US Hwy 90

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    300
    Parking features
    Garage
    Standard status
    Active
    Lot size
    12,997.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Scott Foster
    Michael Scott Foster

    Listing agent Michael Scott Foster

    Listing office UC Ranch Properties Box Land Company 2206 N 1st St., Carrizo Springs, TX

    Listing date Jul 31, 2025

    MLS# 11546566 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 12,997‑acre ag‑exempt Texas hunting ranch with 4.39 miles of US Hwy 90 frontage.
    • Abundant wildlife including Whitetail Deer, Axis, Hog, Turkey, and Blue Quail.
    • Three water wells and an extensive road system for ranch access.
    • Hunters Cabin for accommodating family and visitors.
    • Located near historic Pumpville, Judge Roy Bean Museum in Langtry, Lake Amistad, and Seminole Canyon State Park.
    • Rich historical heritage and rugged charm.

    Overview

    This historic 12,997-acre ag-exempt Texas hunting ranch near Comstock features over 4.39 miles of frontage on US Hwy 90. The property offers hunting amenities and rugged charm. Wildlife includes Whitetail Deer, Axis, Hog, Turkey, Blue Quail, and occasional sightings of Mule deer and Elk. The ranch also features three water wells and an extensive road system providing UTV access throughout the property. A hunter's cabin provides rustic accommodations for family and visitors. On the northern edge of the ranch is historic Pumpville, known for its railway history and train robberies of the late 1800s. The Pumpville Baptist Church, featured on 'Texas Bucket List', attracts visitors for Sunday services. Nearby attractions include the Judge Roy Bean Museum in Langtry, Lake Amistad National Recreation Area, and Seminole Canyon State Park. This property is suitable for hunters and outdoor enthusiasts looking to explore the terrain, hunt, and enjoy nature. This is a surface sale only; no mineral rights are conveyed. The property is zoned 300.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Comstock
    County
    Val Verde
    State
    Texas
    Longitude
    -101.749191
    Latitude
    29.901526

    Nearby Similar for Sale

    • $990,000

      Texas Hunting Ranch with Home

      275-acre Comstock, TX ranch with home, utilities, and hunting infrastructure.
      0 WARD RANCH RD, Comstock, TX 76943
      View Details
    • $370,000
      1,500 SF

      Texas Ranch with Furnished Home

      153-acre ranch featuring a furnished home and various amenities.
      1284 Cholla, Comstock, TX 78837
      View Details
    • $419,712

      349 Acre Hunting and Recreation Ranch

      349 acre ranch near Langtry, Texas, perfect for hunting.
      TBD Hargrove Winters Rd, Comstock, TX 78837
      View Details
    • $126,000

      Comstock Hunting Land For Sale

      62.96 acres in High Lonesome Ranch West.
      Peck Rd, Comstock, TX 78837
      View Details
    • $157,500

      Texas Hunting and Recreational Land

      100-acre property with hunting, recreation, and residential potential.
      1284 Cholla Road, Comstock, TX 78837-0000
      View Details
    • $199,000

      Comstock Acreage with Canyon Views

      150-acre ranch near Comstock, TX with canyon features.
      #75 Ward Ranch, Comstock, TX 78837
      View Details
    • $119,000

      Scenic Acreage in Comstock, Texas

      50.21 acres with scenic views and community water access.
      042 Brando Road, Comstock, TX 78837-0000
      View Details
    • $188,000

      Recreational Ranch Ready to Enjoy

      81.66 acre recreational retreat in Val Verde County, Texas.
      #21 High Lonesome Road, Comstock, TX 78837
      View Details
    • $168,855

      Secluded West Texas Acreage with Cabin

      112.57 acres with cabin near Comstock, Texas.
      Lot 92 Northridge, Comstock, TX 78837
      View Details
    • $35,000

      Comstock, TX Lakeside Lot

      Residential lot near the lake in Comstock, Texas.
      Lot 38 Western, Comstock, TX 78837
      View Details
    • $170,000

      Val Verde County Hunting Retreat

      88.71 acres of hunting and recreation land in Texas.
      1697 Van Cleef, Comstock, TX 78837
      View Details
    • $115,000

      Comstock Hunting Land with Cabin

      47.51 acres of fenced hunting land with cabin.
      1935 Wolf Springs, Comstock, TX 78837
      View Details

    FAQs

    What type of property is this?
    Ranch - 12,997-acre ag-exempt Texas hunting ranch with highway frontage.
    Where is this ranch located?
    The property is located at US Hwy 90 Comstock, TX.
    What is the asking price?
    The asking price for this property is $9,724,500.
    What are key features of this property?
    This property features: 12,997‑acre ag‑exempt Texas hunting ranch with **4.39 miles of US Hwy 90 frontage.**; Abundant wildlife including Whitetail Deer, Axis, Hog, Turkey, and Blue Quail.; Three water wells and an extensive road system for ranch access.
    (432) 894-6196
    We can help!
    Listing Contact
    Michael Scott Foster
    Michael Scott Foster
    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

    Thank You for Inquiry
    US Hwy 90, Comstock, TX 78837
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!