Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Land Tract for Horse Ranch Title is generated by Realmo AI

    1115 Tract 3 - County Road 204 Rd, Burnet, TX 78611

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    A cleared tract with good top-soil and scattered trees, suited for a private horse ranch concept.

    Type:Land
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 5:26 am

    Property Features for 1115 Tract 3 - County Road 204 Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Michael Brown

    Listing agent Michael Brown License #0348586

    Listing office Carpenter Ledyard RE Co

    Listing date Jun 4, 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 Carpenter Ledyard RE Co

    HighLights

    • Cleared land tract with good top‑soil and scattered trees
    • Suitable for a private horse ranch concept
    • Land plan available for 12 tracts made up of 10‑acre tracts

    Overview

    This offering is one of 12 available land tracts. The property is cleared with scattered trees and has good top-soil, providing a workable base for an owner-directed use. A land plan is also available for dividing the overall offering into 12 ten-acre tracts, supporting a straightforward tract layout concept.

    The tract is located at 1115 Tract 3 on County Road 204 Rd in Burnet, TX 78611. Based on the available mobility data, the area is car-dependent, reflecting the practical expectation of driving access.

    For buyers seeking a private rural setting, the cleared condition and top-soil are key attributes for an equestrian-minded layout. If you’re looking for a property you can shape around your own design, this tract’s mix of open areas and scattered trees can help accommodate a ranch setup while leaving room for your imagination on how to develop the site.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Burnet
    County
    Burnet
    State
    Texas
    Longitude
    -98.2564
    Latitude
    30.8393

    Nearby Similar for Sale

    • $719,000
      3,202 SF

      Duplex with Dedicated Driveways

      Two identical 3-bedroom, 2.5-bath units each with a dedicated driveway make this duplex a straightforward income property.
      1010 E Marble Street, Burnet, TX 78611
      View Details
    • $279,800
      1,380 SF

      Burnet Commercial Property For Sale

      Prime commercial property near Burnet County Historical Square.
      308 S Main Street, Burnet, TX 78611
      View Details
    • $385,000
      4,000 SF

      Turnkey Commercial Space in Burnet

      Versatile commercial space ideal for contractors and service-based businesses.
      201 W NINTH, Burnet, TX 78611
      View Details
    • $595,000
      2,400 SF

      Burnet Commercial Building on Corner

      High-visibility commercial building on corner lot near town square.
      109 W Jackson, Burnet, TX 78611
      View Details
    • $1,300,000
      1,243 SF

      Prime Commercial Land Opportunity

      2.3 acres on Highway 281, Burnet, TX.
      3100 & 3210 S HWY 281, Burnet, TX 78611
      View Details
    • $485,000

      Unrestricted Land with Lake Views

      Secluded 8-acre property near Lake Buchanan with commercial potential.
      Ranch Road 2341, Burnet, TX 78611
      View Details
    • $625,000

      Waterfront Lake Buchanan Land Parcel

      Waterfront land with multiple homesites, mature oaks, and seasonal creek features along Lake Buchanan.
      4215 E Sunset Cliff Road, Burnet, TX 78611
      View Details
    • $625,000

      Waterfront Land with Lake Buchanan Access

      Waterfront land on Lake Buchanan with multiple homesites, mature oaks, and approximately 90 feet of frontage.
      4215 Sunset Cliff Road, Burnet, TX 78611
      View Details
    • $1,300,000

      Prime Commercial Land on Highway

      2.3 acres on Highway 281, Burnet, TX. Commercial zoning.
      3100 & 3210 S HWY 281, Burnet, TX 78611
      View Details
    • $450,000
      520 SF

      Burnet, TX Hill Country Land

      4-acre property with utilities, cabin, and concrete pad.
      Dog Run, Burnet, TX 78611
      View Details
    • $630,000

      Burnet, TX Land Opportunity

      24-acre property near Burnet, TX with road frontage.
      FM 2340, Burnet, TX 78611
      View Details
    • $495,800

      Burnet Office Building on Highway

      Income-producing office building with high visibility and traffic flow.
      700 E Polk St, Burnet, TX 78611
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - A cleared tract with good top-soil and scattered trees, suited for a private horse ranch concept.
    Where is this agricultural land / farmland located?
    The property is located at 1115 Tract 3 - County Road 204 Rd Burnet, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Cleared land tract with good top‑soil and scattered trees; Suitable for a private horse ranch concept; Land plan available for 12 tracts made up of 10‑acre tracts
    (512) 751-1032
    We can help!
    Listing Contact
    Michael Brown
    Real Estate License ID: 0348586
    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

    Thank You for Inquiry
    1115 Tract 3 - County Road 204 Rd, Burnet, TX 78611
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!