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    Improved Ranch Land with Ponds Title is generated by Realmo AI

    1111 Fm 1486, Richards, TX 77873

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    Claim this Listing
    New
    For Sale
    $1,675,000

    Highly improved ranch tract with pasture, mature trees, and two surface ponds for cattle, hay, or recreation use.

    Type:Land / Unimproved Land
    Property size:
    2,941,607 SF
    Price / SF:
    $0.57/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:09 am

    Property Features for 1111 Fm 1486

    General Information

    Standard status
    Active
    Size
    2,941,607 SF
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Zachary Biermann

    Listing agent Zachary Biermann License #0706394

    Listing office Texas Landmen

    Listing date Jun 2, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Texas Landmen

    HighLights

    • Highly improved 67‑acre ranch on FM 1486 between Richards and Shiro in Grimes County
    • Extensive FM 1486 frontage plus multiple elevated building sites with scenic views
    • Over 30 feet of elevation change with rolling terrain, open pasture, and scattered mature shade trees
    • Surface water features include a tributary of Lake Creek and two surface ponds
    • Productive soils and improved pasture grasses for cattle, hay production, or recreation
    • Anderson County Water Supply Corporation water available along the road; fully fenced with barbed wire and cross fencing

    Overview

    This exceptional ranch spans approximately 67 acres and is characterized by rolling terrain with more than 30 feet of elevation change. The property includes a tributary of Lake Creek, two surface ponds, improved pasture grasses, and productive soils intended to support cattle and hay production. Scattered mature shade trees add cover and variety across the open pasture, while the landscape also provides multiple elevated building sites.

    The ranch is accessed via FM 1486 and offers extensive frontage along the road. The public remarks note water availability through the Anderson County Water Supply Corporation along the road, supporting on-site development planning. The property is located between Richards and Shiro in Grimes County.

    For operators or owners seeking an all-in-one rural asset, this configuration supports both agricultural activity and recreational use, with open pasture and surface water resources. The presence of several elevated sites can be useful for a future homesite or country retreat, while the mix of pasture, trees, and water provides practical flexibility for current and future land uses.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Hair Salon Hotel & Motel Food Market HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richards
    County
    Grimes
    State
    Texas
    Longitude
    -95.8393946
    Latitude
    30.5377003

    Nearby Similar for Sale

    • $468,000

      Unrestricted 12 Acres in Grimes

      Cleared, unrestricted 12-acre tract in Grimes County, Texas.
      6015 FM 1486 Farm To Market Road, Richards, TX 77873
      View Details
    • $1,072,500

      Picturesque Acreage Near National Forest

      32.5 acres near Sam Houston National Forest.
      000 Fm 1791, Richards, TX 77873
      View Details

    FAQs

    What type of property is this?
    Ranch - Highly improved ranch tract with pasture, mature trees, and two surface ponds for cattle, hay, or recreation use.
    Where is this ranch located?
    The property is located at 1111 Fm 1486 Richards, TX.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: Highly improved 67‑acre ranch on FM 1486 between Richards and Shiro in Grimes County; Extensive FM 1486 frontage plus multiple elevated building sites with scenic views; Over 30 feet of elevation change with rolling terrain, open pasture, and scattered mature shade trees
    (830) 353-1164
    We can help!
    Listing Contact
    Zachary Biermann
    Real Estate License ID: 0706394
    Learn More
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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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