Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    317 Fm 229 Crockett, TX 75835

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,225,000

    Horse ranch featuring a lake, multiple residences, and equestrian facilities.

    Lot size:
    80.71 Acres

    Property Features for 317 Fm 229

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Active
    Lot size
    80.71 Acres

    Building Details

    Year built
    1997

    We can help!

    Listing Contact
    Nancy Lawrence
    Nancy Lawrence
    Source: Elliman

    Listing Agency: Lawrence Realty Listing Agent: Nancy Lawrence

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

    Learn more

    Property Insight Report

    Overview

    80-Acre Horse Ranch with Lake

    This 80-acre horse ranch is fully fenced for horses and livestock and includes a spring-fed 12-acre fishing lake. The main residence features four bedrooms and five bathrooms, granite countertops, tile and hardwood flooring. There are two additional residences: a guest house with two bedrooms, two bathrooms, vaulted ceilings, entertainment spaces, granite finishes, and hardwood floors, and a foreman's home with two bedrooms and two bathrooms. Equestrian facilities include two barns with a total of 40 horse stalls. One barn has 29 oversized 12x12 stalls, an office/tack room, upstairs bunk, and a large outdoor carport suitable for an RV. The second horse barn contains 8 12x12 stalls and a wash rack. The property is located in Crockett, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crockett
    County
    Houston
    State
    Texas
    Longitude
    -95.48554
    Latitude
    31.32608

    Nearby Similar for Sale

    • $425,000
      4,965 SF

      Turn-Key Bar/Restaurant/Venue in Crockett, TX

      Versatile commercial space with bar, seating, dance floor, and patio.
      229 East Goliad Ave, Crockett, TX 75835
      View Details
    • $399,000
      11,495 SF

      Versatile Commercial Building in Crockett, TX

      Three-story commercial building with retail and office/residential potential.
      513 East Houston Ave, Crockett, TX 75835
      View Details
    • $540,000
      2,500 SF

      Energy-Efficient Office Building on Highway

      2,500 sq ft office building with high traffic location.
      2108 N 4Th St, Crockett, TX 75835
      View Details
    • $1,500,000
      6,000 SF

      Established Automotive Repair Business For Sale

      Automotive repair business with equipment on 1.84 acres.
      2200 S 4Th St, Crockett, TX 75835
      View Details
    • New
      $1,400,000
      12,125 SF

      Turn-Key Medical Center in Crockett

      Expansive medical center with advanced operating rooms and ample parking.
      200 Renaissance Way, Crockett, TX 75835
      View Details
    • $389,500
      4,400 SF

      Historic Crockett Office Building For Sale

      4400 sq ft office building in historic downtown Crockett.
      519/521 East Goliad Ave, Crockett, TX 75801
      View Details
    • $630,000
      6,000 SF

      Downtown Crockett Warehouse with New Roof

      Downtown warehouse with new roof, suitable for retail or automotive.
      105 N 4Th St, Crockett, TX 75835
      View Details
    • $170,000
      6,819 SF

      Prime Commercial Gem in Crockett

      High-visibility commercial property in Crockett, Texas, ideal for retail/office.
      201 E Houston Ave, Crockett, TX 75835
      View Details
    • $155,000
      2,880 SF

      Downtown Crockett Commercial Building

      Income-producing retail building near downtown Crockett square.
      201 N 4Th St, Crockett, TX 75835
      View Details
    • $550,000
      7,760 SF

      Downtown Crockett Mixed-Use Building

      Two-story building in downtown Crockett with office and apartment spaces.
      100 N 5Th St, Crockett, TX 75835
      View Details
    • $220,000
      2,400 SF

      Downtown Crockett Retail Building For Sale

      Spacious 2,400 sq. ft. retail building in excellent condition.
      105 S 4Th St, Crockett, TX 75835
      View Details
    • $4,965,000
      Pending

      Expansive Ranch Bordering National Forest

      665+ acre ranch with pastures, ponds, and home.
      2679 County Road 4140, Crockett, TX 75835
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Horse ranch featuring a lake, multiple residences, and equestrian facilities.
    Where is this horse & equestrian property located?
    The property is located at 317 Fm 229 Crockett, TX.
    What is the asking price?
    The asking price for this property is $3,225,000.
    What are key features of this property?
    This property features: - Expansive 80-acre horse ranch with full fencing.; - Enjoy a scenic 12-acre spring-fed fishing lake.; - Main residence features four bedrooms, five bathrooms, granite countertops, tile and hardwood flooring.
    (936) 546-4182
    Request Owner's contact information
    317 Fm 229 Crockett, TX 75835
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    317 Fm 229
    Crockett, TX 75835
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    317 Fm 229 Crockett, TX 75835
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nancy Lawrence
    Nancy Lawrence
    Real Estate License ID: 0499239
    (936) 546-4182 (936) 544-4747 (972) 387-0300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!