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

    1170 County Road 248 Gatesville, TX 76528

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $155,000

    Land suitable for building a home or ranchette.

    Type:Land / Unimproved Land
    Added:
    Oct 11, 2021
    Days on Market:
    1652
    Last Refresh:
    Mar 13 at 2:01 pm

    Property Features for 1170 County Road 248

    General Information

    Standard status
    Active
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Michael Goertz

    Listing agent Michael Goertz License #0627235

    Listing office Keller Williams Realty Lone St

    Listing date Oct 11, 2021

    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 Keller Williams Realty Lone St

    Overview

    Land with Distant Views

    This property presents an opportunity to construct a ranchette or home. The land offers distant views and is inhabited by wildlife. The soil is fertile and suitable for grazing, requiring only livestock and fencing. Water and electric utilities are accessible along the property line.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.688255
    Latitude
    31.552622

    Nearby Similar for Sale

    • $310,000
      3,217 SF

      Gatesville Commercial Opportunity

      Commercial property with five buildings suitable for various business ventures.
      102 E Main Street, Gatesville, TX 76528
      View Details
    • $624,000

      Gatesville, TX Development Opportunity

      24+/- acres ideal for residential development near Fort Hood.
      FM 116, Gatesville, TX 76528
      View Details
    • $315,000
      5,580 SF

      Gatesville Commercial Metal Building

      Versatile commercial building with ample parking and endless potential.
      314 Fm 116, Gatesville, TX 76528
      View Details
    • $749,000

      Gatesville Land Redevelopment Opportunity

      3.7 acres of flat, level land with utilities available.
      2913 S State Highway 36, Gatesville, TX 76528
      View Details
    • $899,000
      1,182 SF

      Texas Ranch with Utilities On-Site

      96-acre Central Texas ranch ready for development.
      2998 Straws Mill Road, Gatesville, TX 76528
      View Details
    • $118,900
      3,544 SF

      Gatesville Commercial Property on Main

      3,544 SF commercial property on Main Street in Gatesville, TX.
      212 E Main Street, Gatesville, TX 76528
      View Details
    • $1,150,000
      4,321 SF

      Texas Ranch with Rock Home

      Luxury meets country living on 57 acres near Gatesville.
      400 Indian Hills Road, Gatesville, TX 76528
      View Details
    • $865,000

      Custom Home on Ag-Exempt Acres

      Private home on 11 acres with Hill Country views.
      705 Indian Hills Road, Gatesville, TX 76528
      View Details
    • $477,500
      2,058 SF

      Charming Farmhouse on Picturesque Acreage

      Five-bedroom home on 19+ acres with mature trees.
      740 Old Georgetown Road, Gatesville, TX 76528
      View Details
    • $1,000,000

      Coryell County Ranch Land Opportunity

      148 acres in Coryell County, Texas, ideal for ranching.
      515 County Road 262, Gatesville, TX 76528
      View Details
    • $75,000

      Residential/Commercial Lot in Gatesville, TX

      Versatile 1.04-acre lot suitable for residential or commercial development.
      101 Creek Cliff Drive lot: 1, Gatesville, TX 76528
      View Details
    • $2,900,000
      8,200 SF

      Gatesville Ranch with Disc Golf

      21-acre ranch featuring cabins, pond, and disc golf.
      200 King Ranch Road, Gatesville, TX 76528
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land suitable for building a home or ranchette.
    Where is this agricultural land / farmland located?
    The property is located at 1170 County Road 248 Gatesville, TX.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Opportunity to build a custom ranchette or home.; Water and electric located along the property line.; Fertile soil suitable for grazing.
    (512) 784-3484
    We can help!
    Listing Contact
    Michael Goertz
    Real Estate License ID: 0627235
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!