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    Horse Property with Riding Arena Title is generated by Realmo AI

    1250 County Road 141, Georgetown, TX 78626

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    For Sale
    $3,920,400

    Open pasture with livestock water from a stock pond, plus multiple horse barns and a riding arena.

    Type:Land / Other
    Property size:
    28,051 SF
    Price / SF:
    $139/SF
    Added:
    May 24, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 1250 County Road 141

    General Information

    Standard status
    Active
    Size
    28,051 SF
    Property subtype
    Land / Other

    We can help!

    Listing Contact
    Larry Kokel

    Listing agent Larry Kokel License #0216754

    Listing office TexAg Real Estate Services, In

    Listing date May 24, 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 TexAg Real Estate Services, In

    HighLights

    • Open pasture currently used for horses and hay
    • Stock pond on‑site provides water for livestock
    • 2,232 SF two‑story house built in 1913 (WCAD) with pier and beam foundation
    • Horse facilities include two barns (1,728 SF and 864 SF) built around 2007 with metal frame, metal siding, and metal roofs
    • 1,728 SF barn features a tack room and five stalls; 864 SF barn features a tack room and three stalls with concrete tack rooms and center aisles
    • 20,000 SF open riding arena plus additional storage structures including a 600 SF shed and 495 SF carport attached to a 144 SF storage building

    Overview

    This property is primarily open pasture currently used for horses and hay. A stock pond on-site provides water for livestock. Improvements include a 2,232 SF two-story house built in 1913 per WCAD records, supported by a pier and beam foundation, with hardiplank siding and an aluminum shingle roof.

    Horse facilities comprise two metal barns constructed around 2007. The 1,728 SF barn includes a tack room and five stalls, with concrete flooring in the tack room and center aisles. The 864 SF barn includes a tack room and three stalls, with concrete flooring in the same areas. In addition to the barns, there is a 20,000 SF open riding arena, a 600 SF storage shed, and other utility structures including a carport attached to a storage building and additional smaller sheds.

    For buyers seeking an equestrian setup, the on-site water source, stall capacity, tack rooms, and riding arena support day-to-day horse operations. The property is offered with improvements sold “As-Is,” with value represented to be primarily land-based.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom Storage Facility Shopping Center & Mall Cosmetic Store Plumbing Service Locksmith

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.62115
    Latitude
    30.728477

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    FAQs

    What type of property is this?
    Horse & equestrian property - Open pasture with livestock water from a stock pond, plus multiple horse barns and a riding arena.
    Where is this horse & equestrian property located?
    The property is located at 1250 County Road 141 Georgetown, TX.
    What is the asking price?
    The asking price for this property is $3,920,400.
    What are key features of this property?
    This property features: Open pasture currently used for horses and hay; Stock pond on‑site provides water for livestock; 2,232 SF two‑story house built in 1913 (WCAD) with pier and beam foundation
    (512) 924-5717
    We can help!
    Listing Contact
    Larry Kokel
    Real Estate License ID: 0216754
    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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