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    Multi-Tract Horse & Ag Land Title is generated by Realmo AI

    1595 CR 131, Rising Star, TX 76471

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    Claim this Listing
    For Sale
    $583,000

    LAND - Rising Star, TX

    Lot size:
    29.80 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 1595 CR 131

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed
    Fencing
    Fenced
    Standard status
    Active
    APN
    000000080593
    Lot size
    29.80 Acres

    Taxes and HOA fees

    Tax Description
    A608 LAMPASAS CO. SCH. LAND, TRCT 8, & 7(29.8 Ac)
    Tax Annual Amount
    402

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Electric, Central Air
    Water source
    Private, Well

    Building Details

    Year built
    2023
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Danny Armstrong

    Listing agent Danny Armstrong

    Listing office ARMSTRONG REAL ESTATE Comanche, TX

    Listing date Mar 18, 2026

    MLS# 21202558 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

    • 29.8‑acre property with 2 tracts that can be sold together or separately
    • Tract 8 includes a 13‑acre property with a new 3 bed, 2 bath manufactured home plus office area
    • Horse facilities on Tract 8 include a barn with 4 runs, tack & feed containers, holding pens, and a roping arena
    • Tract 7 is 16.8 acres of grass for riding and vegetation
    • Water wells on each tract; irrigation system present but not in use
    • Septic tank on site; central electric heating and central air conditioning

    Overview

    This offering totals 29.8 acres across two tracts, with the flexibility to purchase together or separately. Tract 8 includes a new manufactured home with three bedrooms, two bathrooms, an office area, and an open-concept layout, along with a horse barn featuring four runs, containers for tack and feed, and holding pens. It also includes a roping arena. Tract 7 is improved for pasture use with grass. Water wells are located on each tract, and an irrigation system is present but not in use.

    The land is described as excellent natural ground for riding and vegetation, with additional excess plowed areas suited for exercising horses. The property is located at 1595 CR 131 in Rising Star, Texas. Driving time is approximately one hour to Abilene, Stephenville, or Circle T in Hamilton, and about one and a half hours to Fort Worth.

    Designed for horse owners and small agricultural operations, this property offers practical on-site infrastructure for daily care and training, including barn capacity and roping facilities. Buyers seeking an owner-operator setup may find Tract 8 particularly compelling, while those looking for pasture acreage and optional development may prefer Tract 7 or the combined two-tract layout.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Rising Star
    County
    Eastland
    State
    Texas
    Longitude
    -98.885779
    Latitude
    32.078246

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    FAQs

    What type of property is this?
    Horse & equestrian property - 29.8-acre property with two tracts, on-site wells, and riding-ready terrain, plus a new manufactured home and horse facilities.
    Where is this horse & equestrian property located?
    The property is located at 1595 CR 131 Rising Star, TX.
    What is the asking price?
    The asking price for this property is $583,000.
    What are key features of this property?
    This property features: 29.8‑acre property with 2 tracts that can be sold together or separately; Tract 8 includes a 13‑acre property with a new 3 bed, 2 bath manufactured home plus office area; Horse facilities on Tract 8 include a barn with 4 runs, tack & feed containers, holding pens, and a roping arena
    (254) 842-7612
    We can help!
    Listing Contact
    Danny Armstrong
    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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