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    93 Acres Ranch with Stocked Lake Title is generated by Realmo AI

    1642 County Road 234, Hico, TX 76457

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    For Sale
    $1,499,000

    Farm/Ranch - Hico, TX

    Type:Farm
    Property size:
    2,640 SF
    Lot size:
    92.75 Acres
    Price / SF:
    $567/SF
    Added:
    May 16, 2026
    Days on Market:
    1
    Last Refresh:
    May 16 at 11:06 pm

    Property Features for 1642 County Road 234

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Carport
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Chandelier, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Paneling, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Stable/Barn, Fence
    Dock
    1
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Dryer, Microwave, Range, Range - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    R21014
    Size
    2,640 SF
    Lot size
    92.75 Acres

    Utilities

    Heating system
    Fireplace(s)

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Engineered Wood, Hardwood, Tile
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Tai Cobb Klam

    Listing agent Tai Cobb Klam License #0594871

    Listing office COBB RANCH PROPERTIES, LLC 300 N 3rd St, Cranfills Gap, TX

    Listing date May 16, 2026

    MLS# 21199518 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

    • 93‑acre ranch with wildlife exemption, attracting diverse wildlife and preserving natural habitat
    • Enjoy fishing on the 1.5‑acre stocked lake (Bass, Crappie & Bluegill) with a dock
    • Modern farmhouse featuring 2,640 sq. ft. with 2 bedrooms, 2 baths, and a sunroom
    • Additional structures include a 2,000 sq. ft. barn with water & electric, and a 1,200 sq. ft. workshop with water, sewer, & covered patio
    • Scenic location with views, a 12 x 40 covered front porch, and Bailey Branch Creek winding through the property
    • Fenced and cross‑fenced land suitable for cattle or horses, with mature trees and native grasses

    Overview

    This 93-acre ranch offers a blend of country living and convenient access to town, located 8 miles from historic downtown Hico, Texas. The property features a 2,640 sq. ft. modern farmhouse with 2 bedrooms, 2 baths, a formal dining room, and a spacious family room. The home includes 2 wood-burning fireplaces and a sunroom with a custom swing bed. A 12 x 40 covered front porch offers views of wildlife and sunrises. The property has a wildlife exemption, encouraging native habitat and attracting animals such as quail, deer, turkey, dove, and fox. Additional improvements include a 2,000 sq. ft. barn with water and separate electric service, a 1,200 sq. ft. workshop featuring water, sewer, and a covered patio, as well as an oversized two-car carport. The ranch includes a 1.5-acre stocked lake with Bass, Crappie & Bluegill and a dock. Bailey Branch Creek winds through the property. The land is fenced and cross-fenced for cattle or horses with mature trees and native grasses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -97.968413
    Latitude
    31.922931

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    FAQs

    What type of property is this?
    Ranch - 93-acre ranch featuring a modern farmhouse and stocked lake.
    Where is this ranch located?
    The property is located at 1642 County Road 234 Hico, TX.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: 93‑acre ranch with wildlife exemption, attracting diverse wildlife and preserving natural habitat; Enjoy fishing on the 1.5‑acre stocked lake (Bass, Crappie & Bluegill) with a dock; Modern farmhouse featuring 2,640 sq. ft. with 2 bedrooms, 2 baths, and a sunroom
    (254) 253-0157
    We can help!
    Listing Contact
    Tai Cobb Klam
    Real Estate License ID: 0594871
    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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