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    Rural Hobby Farm Property Title is generated by Realmo AI

    1044 HCR 3241, Hubbard, TX 76648

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    For Sale
    $1,100,000

    LAND - Other - Hubbard, TX

    Lot size:
    72.09 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 6 at 10:06 pm

    Property Features for 1044 HCR 3241

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Cleared, Grassed
    Fencing
    Fenced, Perimeter
    Fireplace
    1
    Standard status
    Active
    APN
    124755
    Lot size
    72.09 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Propane (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2006
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Audri Henderson

    Listing agent Audri Henderson License #0845945

    Listing office Muirhead Ranch & Realty Hubbard, TX

    Listing date Jun 6, 2026

    MLS# 21293331 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

    • 3‑bedroom, 2‑bath home built in 2006 with two living areas and hardwood floors
    • Two porches with screening: screened‑in front and back porches
    • Recent updates include a new roof, 1‑year‑old HVAC system, and hot water heater installed 3 months ago
    • Fireplace with central air plus ceiling fans; utilities include propane and septic tank
    • Outdoor amenities include a 2‑car garage, storm cellar, 2,400 SF barn, and three ponds
    • Landscaping includes mature fruit trees (fig, apple, peach, apricot, plum, and pear) plus three water meters and a fire hydrant at the corner

    Overview

    This rural hobby farm offering includes a 3-bedroom, 2-bath residence with two living areas, hardwood floors, and a cozy fireplace. The primary bedroom includes an office and a suite with double sinks, a garden tub, and ample storage. The home also features large walk-in closets and ceiling fans throughout. Recent improvements include a new roof, a 1-year-old HVAC system, a hot water heater installed 3 months ago, cordless blinds throughout, and professional leveling completed last year. Outdoor living is supported by screened front and back porches. There is an attached 2-car garage and a storm cellar, plus a 2,400-square-foot barn. The kitchen sink is equipped with a triple filtration system and an arsenic filter, and the property includes three water meters and a fire hydrant located at the corner.

    Set on approximately 72.09 acres in Hubbard, Texas in Hill County, the acreage is enhanced by three ponds and mature fruit trees, including fig, apple, peach, apricot, plum, and pear.

    The combination of a move-in-ready home, productive acreage features, and a substantial barn makes this property well-suited for buyers looking for a homestead or hobby farm where indoor comfort and outdoor capacity both matter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hubbard
    County
    Hill
    State
    Texas
    Longitude
    -96.880032
    Latitude
    31.854566

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    FAQs

    What type of property is this?
    Single family property - Land with a 3-bedroom home, screened porches, multiple ponds, and a large barn for flexible rural uses.
    Where is this single family property located?
    The property is located at 1044 HCR 3241 Hubbard, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 3‑bedroom, 2‑bath home built in 2006 with two living areas and hardwood floors; Two porches with screening: screened‑in front and back porches; Recent updates include a new roof, 1‑year‑old HVAC system, and hot water heater installed 3 months ago
    (214) 808-3418
    We can help!
    Listing Contact
    Audri Henderson
    Real Estate License ID: 0845945
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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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