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    Hill Country Retreat with RV Sites Title is generated by Realmo AI

    1532 N FM, Rainbow, TX 76077

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    Claim this Listing
    For Sale
    $1,596,000

    LAND - Rainbow, TX

    Lot size:
    56.86 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 1532 N FM

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Fencing
    Fenced
    Standard status
    Active
    APN
    R000004553
    Lot size
    56.86 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Well
    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Justin Jircik

    Listing agent Justin Jircik License #0840709

    Listing office UCRE-TX Home and Ranches RE Weatherford, TX

    Listing date Mar 16, 2026

    MLS# 21195267 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two homes on the property for full‑time living, multi‑generational use, or weekend getaways
    • Georges Creek runs along the southern boundary, plus a tank on‑site
    • 7 existing RV sites with electric and plumbing, with 7 additional sites already laid out
    • Fenced property with cross fencing and a dedicated fenced area for roping and riding
    • Productive hay fields suited for livestock and agricultural use
    • Utilities include electric heating/cooling, a well for water, and a septic tank for sewer

    Overview

    Set on approximately 56.86 acres, this Hill Country retreat combines agricultural improvements with hospitality-ready capacity. Georges Creek runs along the southern boundary, and the property includes a tank, cross fencing, and productive hay fields supporting livestock and farming use. There is also a dedicated fenced area for roping and riding, providing space for equestrian activities and open-country recreation. Two homes on the property add versatility for full-time living, multi-generational arrangements, or weekend use.

    The property is located about one mile off US 67, with only a few miles east of Glen Rose, offering a balance of privacy and practical accessibility. RV infrastructure is already in place with seven existing RV sites that include electric and plumbing, and an additional seven sites that are already laid out, creating an immediate foundation for continued development.

    With its mix of creek frontage, livestock setup, and existing RV sites, this offering fits buyers and operators looking for a multi-use country property that can support agriculture while also pursuing lodging or short-term rental income. The on-site homes and expanded site layout also make it well-suited for an owner-operator model where guests and operations can be managed from the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Rainbow
    County
    Somervell
    State
    Texas
    Longitude
    -97.7129431
    Latitude
    32.2658631

    FAQs

    What type of property is this?
    Horse & equestrian property - 56-acre estate near Glen Rose offers homes, hay fields, creek frontage, and built-out RV infrastructure for flexible income use.
    Where is this horse & equestrian property located?
    The property is located at 1532 N FM Rainbow, TX.
    What is the asking price?
    The asking price for this property is $1,596,000.
    What are key features of this property?
    This property features: Two homes on the property for full‑time living, multi‑generational use, or weekend getaways; Georges Creek runs along the southern boundary, plus a tank on‑site; 7 existing RV sites with electric and plumbing, with 7 additional sites already laid out
    (682) 294-1077
    We can help!
    Listing Contact
    Justin Jircik
    Real Estate License ID: 0840709
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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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