Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unrestricted Ranch and Equestrian Land Title is generated by Realmo AI

    2135 Mule Creek Rd, Harwood, TX 78632

    View on Map
    Claim this Listing
    New
    For Sale
    $649,900

    Turnkey acreage with livestock and horse facilities, plus a 2-bedroom mobile home on unrestricted land.

    Type:Land
    Lot size:
    46.23 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 4:50 am

    Property Features for 2135 Mule Creek Rd

    General Information

    Standard status
    Active
    Lot size
    46.23 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Taylor Greeves

    Listing agent Taylor Greeves License #0784801

    Listing office Land Unlimited

    Listing date Jun 1, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Land Unlimited

    HighLights

    • 46.23 unrestricted acres in Caldwell County with open pastures and mature oak trees
    • 2‑bedroom, 1‑bath mobile home included
    • Livestock and horse setup: workshop, cattle/holding pens, and a barn with three horse stalls
    • Utilities in place: two water wells, septic, and electricity
    • Large garden on the property
    • Option to purchase half of the acreage

    Overview

    This turnkey ranch property offers 46.23 unrestricted acres configured for livestock, horses, and hunting. Improvements include a 2-bedroom, 1-bath mobile home, a workshop, cattle and holding pens, and a barn with three horse stalls. Additional features include a large garden and open pastures with mature oak trees.

    Utilities and basic infrastructure are already in place with two water wells, septic, and electricity. The property is located in Caldwell County, with the public remarks noting it is minutes from town and operates with an option for buyers to purchase half of the acreage available.

    For prospective owners, the combination of existing livestock pens and a small-stall barn supports practical day-to-day use for ranching and light equestrian operations. The unrestricted acreage configuration provides flexibility for an operator to run livestock, keep horses, or use the land for hunting and outdoor recreation, while the on-site well and septic reduce setup needs.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harwood
    County
    Gonzales
    State
    Texas
    Longitude
    -97.533678
    Latitude
    29.684682

    Nearby Similar for Sale

    • $675,000
      3,394 SF

      Harwood, TX 19.99 Acre Property

      19.99 acre property with two mobile homes and development potential.
      7519 Silvermine Rd, Harwood, TX 78632
      View Details
    • $690,000
      1,800 SF

      Harwood, TX Unrestricted Acreage

      44.978 acres with a 2-bedroom home, ideal for recreation.
      4025 County Road 284, Harwood, TX 78632
      View Details
    • $2,935,000

      Agricultural Land Tract

      284± acres of post oak savannah with fencing, seasonal tanks, and direct access via IH10 and County Road 283.
      Tract 1 CR 283, Harwood, TX 78632
      View Details
    • $6,900,000

      Acreage with Direct Highway Access

      Large land tract with fencing, seasonal tanks, and direct access off IH10 and State Highway 90 for agricultural or recreational use.
      7180 CR 283, Harwood, TX 78632
      View Details
    • $3,965,000

      Rural Land Tract with Highway Access

      Rural tract near major metros with fencing, cross-fencing, seasonal tanks, and an Ag exemption in place.
      Tract 2 CR 283, Harwood, TX 78632
      View Details
    • $649,900
      924 SF

      Unrestricted Land in Caldwell County

      Turnkey 46.23-acre property ready for livestock, horses, or hunting.
      2135 Mule Creek Road lot: 5, Harwood, TX 78632
      View Details
    • $169,500

      Unrestricted Land in Harwood, TX

      9.804 acres suitable for residential, agricultural, or recreational use.
      1140 Chalk Road, Harwood, TX 78632
      View Details
    • $6,900,000

      Expansive Land Near IH10

      668 acres near Austin, San Antonio, and Houston.
      7180 CR 283, Harwood, TX 78632
      View Details
    • $6,900,000

      Expansive Land Near IH10, TX

      668 acre tract near Austin, San Antonio, and Houston.
      7180 CR 283, Harwood, TX 78632
      View Details
    • $690,000
      1,800 SF

      Harwood Ranch with Ag-Exempt Land

      Unrestricted 44.978-acre ranch with home, pond, and RV hookups.
      4025 County Road 284, Harwood, TX 78632
      View Details
    • $648,000

      Harwood Land with Irrigation Potential

      44-acre income-producing hay field with irrigation well and highway frontage.
      1391 State Highway 304, Harwood, TX 78632
      View Details
    • $189,900

      Harwood, TX Acreage For Sale

      10.94 acres with highway frontage, suitable for homestead or investment.
      Tract 1 State Highway 304, Harwood, TX 78632
      View Details

    FAQs

    What type of property is this?
    Ranch - Turnkey acreage with livestock and horse facilities, plus a 2-bedroom mobile home on unrestricted land.
    Where is this ranch located?
    The property is located at 2135 Mule Creek Rd Harwood, TX.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: 46.23 unrestricted acres in Caldwell County with open pastures and mature oak trees; 2‑bedroom, 1‑bath mobile home included; Livestock and horse setup: workshop, cattle/holding pens, and a barn with three horse stalls
    (817) 657-2257
    We can help!
    Listing Contact
    Taylor Greeves
    Real Estate License ID: 0784801
    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
    2135 Mule Creek Rd, Harwood, TX 78632
    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!