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    Diversified Ranch and Hunting Land Title is generated by Realmo AI

    11814 County Road 266, Richland Springs, TX 76871

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    Claim this Listing
    For Sale
    $4,330,950

    LAND - Richland Springs, TX

    Property size:
    1,344 SF
    Lot size:
    333.17 Acres
    Price / SF:
    $3,222/SF
    Added:
    Jan 31, 2026
    Days on Market:
    126
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for 11814 County Road 266

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Brush
    Fencing
    Fenced
    Standard status
    Active
    APN
    2964
    Lot size
    333.17 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air

    Building Details

    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Jay Terry

    Listing agent Jay Terry License #0708953

    Listing office United Country H5 Auction & Realty Longview, TX

    Listing date Jan 31, 2026

    MLS# 21014300 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

    • 333.17‑acre San Saba County ranch with hunting‑focused acreage and several internal roads and trails
    • Richland Springs address; less than a mile from County Road 266 to the Colorado River at Keys Crossing
    • 100+ acres of improved coastal grass with 84' x 90' and 75' x 60' cattle working pens; cross fenced with pond and water troughs
    • 2.79 miles? (Not provided)—2769' of road frontage on County Road 266, with potential to develop or subdivide
    • 1980 manufactured home with 1,344 SF, 3 bedrooms, 2 full baths; includes open kitchen/dining/living area and will be sold fully furnished
    • On‑site improvements: 2+ acre small lake, additional shared pond, cabin bunk house 12' x 19', storage buildings including 2520 SF pole barn, plus greenhouse

    Overview

    This diversified ranch and hunting property spans 333.17 acres and includes a mix of improved pasture and primarily hunting-focused fenced acreage. The improved coastal grass features cross fencing and includes cattle working pens measuring 84' x 90' and 75' x 60', along with a pond, water troughs, and service from the Richland Springs Special Utility District. Improvements on the property also include a secluded 1,344 sf manufactured home from 1980 with three bedrooms and two full baths. The home offers an open concept kitchen, dining, and living area, and will convey fully furnished, suited as either a permanent residence or a camp house for hunting season.

    The land is located less than a mile from where County Road 266 runs into the Colorado River at Keys Crossing, and it provides approximately 2,769' of road frontage along County Road 266. The property has internal roads and trails for access to different areas, with fencing and water features supporting both cattle use and hunting.

    With cattle handling improvements, multiple storage options, and established hunting areas with spots for blinds and feeders, the property is well-suited for buyers seeking a turn-key ranch operation alongside a dedicated hunting retreat. The included cabin bunk house and pole barn further support group stays and day-to-day equipment storage for active ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Richland Springs
    County
    San Saba
    State
    Texas
    Longitude
    -99.031712
    Latitude
    31.332874

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    FAQs

    What type of property is this?
    Ranch - A working ranch setup with improved pasture, cattle pens, and ready-to-use hunting amenities.
    Where is this ranch located?
    The property is located at 11814 County Road 266 Richland Springs, TX.
    What is the asking price?
    The asking price for this property is $4,330,950.
    What are key features of this property?
    This property features: 333.17‑acre San Saba County ranch with hunting‑focused acreage and several internal roads and trails; Richland Springs address; less than a mile from County Road 266 to the Colorado River at Keys Crossing; 100+ acres of improved coastal grass with 84' x 90' and 75' x 60' cattle working pens; cross fenced with pond and water troughs
    (940) 600-0188
    We can help!
    Listing Contact
    Jay Terry
    Real Estate License ID: 0708953
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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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