Productive Ranchland with Equestrian
For Sale
$774,000
2455 FM 116, Gatesville, TX 76528
LAND - Gatesville, TX
Property SizeContact for details
Lot Size86.37 Acres
Days on Market56
Property Features for 2455 FM 116
General Information
Property type
Land
Property subtype
Other
Fencing
Perimeter, Fenced
Subdivision
J Thompson
Lot features
Acreage, Pasture, Pond On Lot
Elementary school
Gatesville
Middle school
Gatesville
High school
Gatesville
Elementary school district
Gatesville ISD
Middle school district
Gatesville ISD
High school district
Gatesville ISD
Directions
From Gatesville, head West on Hwy 84 (Main St) and turn left onto FM 116 towards Killeen. Property will be on the left, watch for sign. GPS to entrance 31.3899, -97.8127.
Standard status
Active
APN
108822
Lot size
86.37 Acres
Taxes and HOA fees
Tax Description
1009 J THOMPSON, ACRES 86.37
Legal Description
1009 J THOMPSON, ACRES 86.37
Utilities
Water front features
Creek
Water front
1
Building Details
Additional Structures
Barn(s)
Listing Agency:
Kim Hill Real Estate Group
(254) 277-1820
Listed By:
Kim Hill · License #0592248
(903) 686-0636
Added: Jul 12
Changed: Aug 14
Last Checked: Sep 5 at 6:06AM
MLS# 21295515
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.
Investment Insights
Based on property information with market context.
This 86.37-acre ranch combines productive agricultural ground with established livestock and equestrian improvements. The property produces approximately 200-250 hay bales annually and supports cattle grazing across cross-fenced pastures. Improvements include a sand-based roping arena, multiple barns and outbuildings, working pens, corrals, and a squeeze chute. A small cabin provides additional space for a ranch office, guest quarters, or weekend use.
Cottonwood Creek borders the property and generally maintains flow except during the most severe drought conditions. Two stock ponds, perimeter fencing, native vegetation, wild plum trees, and habitat for whitetail deer, turkey, and dove add recreational and agricultural value. Water and electricity extend to the barn areas, although those services currently originate from an adjacent residence that is not included in the sale and will require independent connections by the future owner. The property has frontage on FM 116 near Gatesville in Coryell County.
Cottonwood Creek borders the property and generally maintains flow except during the most severe drought conditions. Two stock ponds, perimeter fencing, native vegetation, wild plum trees, and habitat for whitetail deer, turkey, and dove add recreational and agricultural value. Water and electricity extend to the barn areas, although those services currently originate from an adjacent residence that is not included in the sale and will require independent connections by the future owner. The property has frontage on FM 116 near Gatesville in Coryell County.
Key Highlights
- 86.37+/- acres with hay production of approximately 200‑250 bales annually
- Cross‑fenced pastures support cattle grazing and livestock management
- Sand‑based roping arena, barns, outbuildings, working pens, corrals, and squeeze chute
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Ranch - Versatile ranch acreage with hay production, livestock facilities, creek frontage, and horse-use improvements along FM 116.
Where is this ranch located?
The property is located at 2455 FM 116 Gatesville, TX.
What is the asking price?
The asking price for this property is $774,000.
What are key features of this property?
This property features: 86.37+/- acres with hay production of approximately 200‑250 bales annually; Cross‑fenced pastures support cattle grazing and livestock management; Sand‑based roping arena, barns, outbuildings, working pens, corrals, and squeeze chute
