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    Hunting and Ranch Property with Home Title is generated by Realmo AI

    1240 Crooked Rd, Cat Spring, TX 78933

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    For Sale
    $975,000

    Ranch acreage with pastures, a tank, hunting amenities, and a 2-bedroom home for agricultural or private recreational use.

    Type:Farm and Ranch Properties
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 3:53 am

    Property Features for 1240 Crooked Rd

    General Information

    Standard status
    Active
    Property subtype
    Farm and Ranch Properties

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    John Braun
    John Braun

    Listing agent John Braun License #0519754

    Listing office Bayou Properties Realty

    Listing date Jun 1, 2026

    Source Elliman

    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 Bayou Properties Realty

    HighLights

    • Farm and ranch acreage with multiple pastures and a moderate‑sized tank
    • Hunting amenities include a deer blind and a dedicated firearms/archery shooting area with a safe dirt mound backstop
    • Very large storage/workshop barn for equipment, vehicles, and farm storage
    • 2‑bedroom, 1.5‑bath home with kitchen, living room, laundry area, and a back porch
    • Year built: 1930; would benefit from updates but offers a solid foundation for a country residence

    Overview

    This versatile farm and ranch property includes multiple pastures and a moderate-sized tank, supporting both agricultural activity and recreational use. The site is set up for hunting with a deer blind and a dedicated shooting area for firearms and archery, backed by a safe dirt mound. For storage and work, the property features a very large storage and workshop barn designed for equipment, vehicles, and farm storage. A 2-bedroom, 1.5-bath home is also included, with a kitchen, living room, laundry area, and a back porch. The home would benefit from updates while offering a solid base for a country residence.

    The property is located at 1240 Crooked Rd in Cat Spring, TX, on substantial acreage and presented as a private gentleman’s ranch or hunting retreat. Access is described generally as car-dependent, consistent with a rural property setting. Bike and walk scores indicate reliance on vehicles for getting around.

    For buyers looking for land that can serve more than one purpose, the combination of grazing and hay suitability with established hunting features provides flexibility. The included residence and large barn also support day-to-day farm or weekend use, whether the priority is livestock and equipment storage or a managed hunting setup.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Cat Spring
    County
    Austin
    State
    Texas
    Longitude
    -96.392
    Latitude
    29.7398

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    FAQs

    What type of property is this?
    Ranch - Ranch acreage with pastures, a tank, hunting amenities, and a 2-bedroom home for agricultural or private recreational use.
    Where is this ranch located?
    The property is located at 1240 Crooked Rd Cat Spring, TX.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Farm and ranch acreage with multiple pastures and a moderate‑sized tank; Hunting amenities include a deer blind and a dedicated firearms/archery shooting area with a safe dirt mound backstop; Very large storage/workshop barn for equipment, vehicles, and farm storage
    (281) 650-1678
    We can help!
    Listing Contact
    John Braun
    John Braun
    Real Estate License ID: 0519754
    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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