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    Ranch Land with Brazos River Access Title is generated by Realmo AI

    10849 County Road 1117, Cleburne, TX 76033

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    Claim this Listing
    For Sale
    $2,600,000

    LAND - Other - Cleburne, TX

    Lot size:
    145.12 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    120
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 10849 County Road 1117

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush, Cleared, Wooded, Grassed
    Standard status
    Active
    APN
    126107400040
    Lot size
    145.12 Acres

    Taxes and HOA fees

    Tax Description
    ABST 1074 TR 2,2A,1A B S JENKINS 494 15 JENKI
    Tax Annual Amount
    383

    Utilities

    Water front features
    River Front
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gina Ulrich

    Listing agent Gina Ulrich License #0670966

    Listing office Fathom Realty Mckinney, TX

    Listing date Feb 6, 2026

    MLS# 20719247 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

    • 145+ acre ranch in the Goatneck area of southern Johnson County with dense woods and open fields
    • Direct river frontage with “river front” along the Brazos River plus a serene pond
    • Multiple build sites, with rolling hills and valleys for countryside views
    • Utilities on‑site: electricity and an RV hookup; electric and fiber internet through United Co‑op
    • Needs a water well and septic system for residential use
    • ATV trails through mature trees, gullies, and open spaces

    Overview

    This expansive ranch offers a mix of dense woods and open fields, anchored by a serene pond and direct access to the Brazos River. Rolling hills and valleys create varied terrain, and the property includes multiple build sites for an off-grid or destination-style plan. An on-site electricity service is in place, including an RV hookup, with fiber internet available through United Co-op. For residential use, a water well and septic system will be needed.

    Set in the Goatneck area of southern Johnson County, the property supports a nature-forward lifestyle with ATV trails winding through mature trees, gullies, and open spaces. It also sits just minutes from The Retreat, Ski Ranch, and Hamm Creek Park, offering convenient access to nearby outdoor recreation.

    The configuration makes this land well-suited to a range of end uses, including agriculture, ranching, residential or recreational development, or a private hunting and recreation retreat. With wildlife habitat, water features, and multiple places to build, it provides practical options for buyers looking to combine land improvements with long-term flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Cleburne
    County
    Johnson
    State
    Texas
    Longitude
    -97.54442
    Latitude
    32.168966

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    FAQs

    What type of property is this?
    Ranch - A wildlife-rich ranch with woods, fields, a pond, and direct Brazos River access for development or outdoor recreation.
    Where is this ranch located?
    The property is located at 10849 County Road 1117 Cleburne, TX.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 145+ acre ranch in the Goatneck area of southern Johnson County with dense woods and open fields; Direct river frontage with “river front” along the Brazos River plus a serene pond; Multiple build sites, with rolling hills and valleys for countryside views
    (469) 231-8088
    We can help!
    Listing Contact
    Gina Ulrich
    Real Estate License ID: 0670966
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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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    10849 County Road 1117, Cleburne, TX 76033
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