Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hico, TX Ag-Exempt Land Title is generated by Realmo AI

    16 CR 127 lot 16, Hico, TX 76457

    View on Map
    Claim this Listing
    For Sale
    $110,000

    LAND - Hico, TX

    Lot size:
    10.01 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    411
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 16 CR 127 lot 16

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R58812
    Lot size
    10.01 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    857 J B WALDEN; ACRES: 10.01 LOT 16
    Tax Annual Amount
    11

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well, Well Needed

    We can help!

    Listing Contact
    Courtney M. King

    Listing agent Courtney M. King License #0605236

    Listing office Redfin Corporation 2611 Internet Blvd. Suite 201, TX

    Listing date Apr 16, 2025

    MLS# 576804 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10.01 ag‑exempt acres offer wide‑open space and country living
    • Located in the scenic Ranches at Comanche Point near Hico, Texas
    • Barn on‑site, ready to be built out
    • Gently rolling terrain with Hill country views
    • Close proximity to Hico's amenities (shopping, restaurants, winery, event center)
    • 20‑minute drive to Stephenville

    Overview

    This 10.01-acre property, located in Hamilton County near Hico, Texas, offers an opportunity for country living. The land is ag-exempt and situated in the Ranches at Comanche Point. A barn is already on-site. The terrain is gently rolling and provides views of the surrounding area. The location offers privacy and a sense of Texas tranquility. Hico, known for its small-town charm, unique shopping, restaurants, a local winery, and an event center, is just minutes away. Stephenville is a 20-minute drive, providing access to additional amenities. This property presents potential for establishing a homestead, escaping the city, or investing in a growing area.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -98.033
    Latitude
    31.981

    Nearby Similar for Sale

    • $540,000
      2,825 SF

      Downtown Hico Commercial Opportunity

      Prime commercial building in the heart of Hico, Texas.
      125 N Pecan Street, Hico, TX 76457
      View Details
    • $664,900
      2,530 SF

      Texas Ranch with Highway Frontage

      15-acre ranch near Hico, TX, with updated home.
      17305 N US Highway 281, Hico, TX 76457
      View Details
    • $1,499,000
      2,640 SF

      93 Acres Ranch with Stocked Lake

      93-acre ranch featuring a modern farmhouse and stocked lake.
      1642 County Road 234, Hico, TX 76457
      View Details
    • $1,375,000
      2,763 SF

      Texas Vineyard Estate with Hacienda

      23+ acre vineyard estate with award-winning mid-century modern hacienda.
      25270 State Highway 6, Hico, TX 76457
      View Details
    • $3,495,000
      4,300 SF

      Luxury Ranch with Panoramic Views

      Turnkey ranch featuring a custom home and recreational amenities.
      2170 County Road 228, Fairy, TX 76457
      View Details
    • $359,900

      Hico, TX Stone Building

      Stone building suitable for retail, office, or other business.
      510 N Second Street, Hico, TX 76457
      View Details
    • $2,495,000
      2,846 SF

      Erath County Ranch with Airstrip

      102 acre ranch with custom home and grass airstrip.
      2707 County Road 247, Hico, TX 76457
      View Details
    • $845,000

      Commercial Lot in Hico, Texas

      Commercial land with development potential at major highway intersection.
      108 Cedar Street, Hico, TX 76457
      View Details
    • $2,950,000

      Historic Hico Opera House

      Premier retail destination in historic downtown Hico, Texas.
      101 N Elm Street, Hico, TX 76457
      View Details
    • $185,000

      Retail/Office/Food Opportunity in Hico, TX

      Versatile commercial space suitable for retail, office, or food-related businesses.
      600 N Second Street, Hico, TX 76457
      View Details
    • $3,995,000
      2,160 SF

      Erath County Ranch with Amenities

      92-acre ranch in Erath County with barns and modern home.
      24183 S US 281, Hico, TX 76457
      View Details
    • $1,299,999
      1,332 SF

      Expansive Ranch with Hunting Potential

      82.56 acres with ranch house, pasture, and woodlands.
      1535 County Road 246, Hico, TX 76457
      View Details

    FAQs

    What type of property is this?
    Ranch - 10.01 acres in Hamilton County near Hico, Texas.
    Where is this ranch located?
    The property is located at 16 CR 127 lot 16 Hico, TX.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 10.01 ag‑exempt acres offer wide‑open space and country living; Located in the scenic Ranches at Comanche Point near Hico, Texas; Barn on‑site, ready to be built out
    (832) 336-1071
    We can help!
    Listing Contact
    Courtney M. King
    Real Estate License ID: 0605236
    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
    16 CR 127 lot: 16, Hico, TX 76457
    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!