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    Hunting Camp Compound with Apartments Title is generated by Realmo AI

    1009 Private Road 1024, Hallettsville, TX 77964

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    New
    For Sale
    $1,150,000

    Residential (farm-ranch),Farm,Standard Frame - Hallettsville, TX

    Type:Farm
    Property size:
    3,342 SF
    Lot size:
    48.00 Acres
    Price / SF:
    $344/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 1009 Private Road 1024

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport, Garage
    Vegetation
    Partially Wooded, Wooded
    Exterior features
    Barn(s), Barns, Additional_house, Additional House, Partially Wooded, Pond, Private Road, Well
    Standard status
    Active
    APN
    50332
    Size
    3,342 SF
    Lot size
    48.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2497

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1984
    Year renovated
    1984
    Floors in Building
    1
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Chip Bubela
    Chip Bubela

    Listing agent Chip Bubela License #590779

    Listing office Bubela Real Estate 603 N. Main St, Schulenburg, TX

    Listing date Jun 3, 2026

    MLS# 156463 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 48 acres in Lavaca County with ponds, hunting improvements, and paved road access.
    • 4‑bed/3‑bath ranch main home with 3,342 sq ft, multiple living areas, and covered outdoor porches/patio cover.
    • Three apartment units totaling 700+ sq ft each: Apartment 1 (3 bed/1 bath) plus Apartments 2 & 3 (2 bed/1 bath).
    • Each apartment has covered parking; reported historical rent of about $1,000/month per unit (approx.).
    • Two ponds supported by a well‑water pump; brand‑new pump installed in 2026.
    • Multiple barns and outbuildings plus four chicken coop barns and three septic systems; Ag exemption maintained through cattle lease.

    Overview

    This property is a ready-made hunting camp and recreational compound on 48 unrestricted acres, supported by a mix of residential space and ranch infrastructure. The main home is a 4-bedroom, 3-bath, 3,342-square-foot structure with multiple living areas, covered outdoor spaces, two open porches, several carports, and a patio cover. In addition, there are three separate apartment units, each over 700 square feet, with covered parking and basic furniture and appliances. Apartment 1 is 3 bed / 1 bath, while Apartments 2 and 3 are both 2 bed / 1 bath. Outdoor amenities include two ponds and a fishing pier with covered seating, along with an existing deer blind and feeder. Ranch support features include multiple barns and sheds, utility buildings, and four chicken coop barns, plus three septic systems and a water well. One pond is supplied by a well-water pump, with a brand-new pump installed in 2026.

    Located in Lavaca County, the compound is just minutes from Hallettsville and approximately 10 minutes from Splashway Waterpark & Campgrounds, with paved road access to the property. The land is currently maintained with an Ag exemption through a cattle lease, and a verbal cattle lease is also noted with the neighboring landowner.

    For buyers seeking a single property that can serve both recreation and practical ranch use, the combination of the main home, multiple guest-ready apartments, ponds, and hunting improvements provides flexible options. The apartments have historically generated approximately $1,000 per month each. One current tenant also assists as a ranch hand with fence maintenance, general ranch work, and ongoing repairs, and the tenant can be given notice to vacate if preferred.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Hallettsville
    County
    Lavaca
    State
    Texas
    Longitude
    -96.709801
    Latitude
    29.459791

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    FAQs

    What type of property is this?
    Ranch - 48-acre unrestricted ranch compound with a 4/3 main home, three apartments, ponds, and hunting outbuildings.
    Where is this ranch located?
    The property is located at 1009 Private Road 1024 Hallettsville, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 48 acres in Lavaca County with ponds, hunting improvements, and paved road access.; 4‑bed/3‑bath ranch main home with 3,342 sq ft, multiple living areas, and covered outdoor porches/patio cover.; Three apartment units totaling 700+ sq ft each: Apartment 1 (3 bed/1 bath) plus Apartments 2 & 3 (2 bed/1 bath).
    Schulenburg9792216679Flatonia3617414890
    We can help!
    Listing Contact
    Chip Bubela
    Chip Bubela
    Real Estate License ID: 590779
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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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