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

    1301 Hawk Lane Junction, TX 76849

    View on Map
    Claim this Listing
    For Sale
    $3,900,000

    Farm/Estate - JUNCTION, TX

    Type:Farm
    Lot size:
    648.22 Acres
    Added:
    Mar 11, 2024
    Days on Market:
    783
    Last Refresh:
    May 2 at 2:06 pm

    Property Features for 1301 Hawk Lane

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Parking features
    Garage
    Standard status
    Active
    Lot size
    648.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Kothmann

    Listing agent Kelly Kothmann

    Listing office R.D. Kothmann Real Estate 1701 Main Street, Junction, TX

    Listing date Mar 11, 2024

    MLS# 11576671 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kimble County Ranch Retreat

    Located in Kimble County, this 648.22-acre ranch offers rolling terrain and views. The property includes a home, guest lodging, barns, and working pens. It features access to two electric wells. The land includes three pastures cleared of cedar to maintain the natural landscape and support local wildlife. Axis deer, whitetail, turkey, and hogs populate the area. South Llano River State Park is 35 minutes away. The town of Junction, with groceries, local shops, and eateries, is nearby. The London Dance Hall is 25 minutes away. Fredericksburg is an hour and a half drive, while Kerrville is an hour away. San Antonio is within a 2-hour drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Junction
    County
    Kimble
    State
    Texas
    Longitude
    -99.5794
    Latitude
    30.4083

    Nearby Similar for Sale

    • $445,000

      Junction Commercial Building with Parking

      Versatile 3000sf building suitable for retail, office, or medical use.
      109 -- 11th Street, Junction, TX 76849
      View Details
    • $3,400,000

      Commercial Acreage with Highway Frontage

      Commercial acreage suitable for investors or entrepreneurs with highway frontage.
      545 N Hwy 83, Junction, TX 78649
      View Details
    • $699,900

      Barndo on 73-Acre Paradise

      Updated barndominium on 73 acres with agricultural exemption.
      1031 -- Shin Oak, Junction, TX 76859
      View Details
    • $1,850,000

      Texas Hill Country Family Ranch

      155-acre ranch with lodge, bunkhouse, barn, and abundant wildlife.
      215 -- 70L Rd, Junction, TX 76849
      View Details
    • $174,000

      Junction, TX Commercial Facility

      Multi-building facility suitable for storage, workshop, or commercial uses.
      109 S 15th Street, Junction, TX 76849
      View Details
    • $350,000

      Junction, TX Multifamily Investment

      Four-unit apartment complex with consistent rental history in Junction, TX.
      100 -- Shady River Rd, Junction, TX 76849
      View Details
    • $3,400,000
      4,000 SF

      Commercial Property with Highway Frontage

      14.49-acre commercial property featuring multiple buildings and highway frontage.
      545 N US Hwy 83, Out of Area, TX 76849
      View Details
    • $425,000

      Kimble County Ranch with Rock Home

      11.42 acres with rock home, barn, and apartment.
      810 -- KC 271, Junction, TX 78649
      View Details
    • $9,995,000

      440 Acres Ranch Land in Junction

      Ranch land available for sale in Junction, Texas.
      255 -- Vista Ridge Dr, Junction, TX 76849
      View Details
    • $1,900,000

      Secluded Ranch with Creek Frontage

      75.86-acre ranch with two homes and abundant water.
      1456 KC 181, Junction, TX 76849
      View Details
    • Contact for pricing
      15,000 SF

      Truck Stop with Starbucks

      Truck stop featuring a high-volume Starbucks drive-thru.
      2437 N Main St, Junction, TX 76849
      View Details
    • $499,000
      2,325 SF

      Junction, TX Ranch Property

      Ranch property available for sale in Junction, Texas.
      450 E KC 450, Junction, TX 76849
      View Details

    FAQs

    What type of property is this?
    Ranch - 648.22-acre ranch with home, guest lodging, barns, and working pens.
    Where is this ranch located?
    The property is located at 1301 Hawk Lane Junction, TX.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 648.22 acre ranch in Kimble County's London area, offering sweeping views and rolling terrain.; Fully‑equipped retreat with a home, guest lodging, barns, and working pens.; Access to two electric wells.
    (325) 446-3013
    We can help!
    Listing Contact
    Kelly Kothmann
    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

    1301 Hawk Lane, JUNCTION, TX 76849

    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!