Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Recreational Farm with Multi-Home Setup Title is generated by Realmo AI

    2517 St Highway 31, Hubbard, TX 76648

    View on Map
    Claim this Listing
    New
    For Sale
    $795,000

    LAND - Other - Hubbard, TX

    Lot size:
    82.02 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 2517 St Highway 31

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Grassed, Brush, Wooded
    Exterior features
    Dock
    Fencing
    Fenced, Perimeter
    Fireplace
    1
    Standard status
    Active
    APN
    116655
    Lot size
    82.02 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Aerobic Septic
    Heating system
    Propane (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Audri Henderson

    Listing agent Audri Henderson License #0845945

    Listing office Muirhead Ranch & Realty Hubbard, TX

    Listing date Jun 3, 2026

    MLS# 21288727 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

    • 82.019‑acre property with 3 ponds, including 2 ponds with docks and aerators; large pond stocked with catfish and features a man‑made dam
    • Total of 9 bedrooms and 6.5 bathrooms across 3 buildings with approximately 6,000 sq ft of air‑conditioned living space
    • Main home: 3 bed, 2 bath double wide with a 2‑car garage, stone skirting, and fenced backyard
    • Second home: 4 bed, 2.5 bath double wide with a large front deck and greenhouse
    • Party barn includes a large recreation room, kitchen, dining area, 2 bedrooms, 2 bathrooms, and covered parking; living quarters for guests or multi‑generational use
    • Utilities include propane; septic system is aerobic septic; property has 1 water meter and propane HVAC/heat plus central air

    Overview

    This 82-acre property is designed for both recreation and everyday livability, with three separate living buildings totaling approximately 6,000 square feet of air-conditioned space. The main home is a 3-bedroom, 2-bath double wide with a 2-car garage, stone skirting, and a fenced backyard. A second double wide adds 4 bedrooms and 2.5 bathrooms, along with a large front deck and greenhouse. The party barn includes a large recreation room, kitchen, dining area, 2 bedrooms, and 2 bathrooms, plus covered parking along one side, creating a versatile option for entertaining, guests, or multi-generational living. Outdoor features include three ponds, including two with docks and aerators, with catfish stocked in the larger pond and seasonal stocking in the front pond, along with additional water potential farther into the meadow.

    Located at 2517 St Highway 31 in Hubbard, the tract is positioned for easy access while maintaining a quiet, rural setting. The property’s deer activity is described as excellent, supporting hunting and recreational use. During wet months, the back portion backs up to Hubbard City Lake, with water extending onto the acreage. The coastal meadow has produced hay consistently, and the property includes 1 water meter.

    This layout is well-suited for buyers seeking a private family compound, a hunting and fishing getaway with established water and wildlife, or an owner-operator setup that can support multiple households under one roof. With pond amenities, productive meadow ground, and three distinct structures for varied uses, the property offers a rare combination of recreation, agriculture, and multi-home functionality.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Hubbard
    County
    Hill
    State
    Texas
    Longitude
    -96.833452
    Latitude
    31.821937

    Nearby Similar for Sale

    • $1,460,000

      Commercial Development Land with Lake

      Large tract in Hubbard, TX with a lake feature and partial fencing, offering flexible options for commercial or residential development.
      HCR 3363, Hubbard, TX 76648
      View Details
    • $300,000

      Two-Metal Building Industrial Property

      Two metal warehouses on one lot with open storage space, parking, and flexibility for multiple business functions.
      302 N Elm Avenue, Hubbard, TX 76648
      View Details
    • $895,000

      Recreational Farm Tract with Ponds

      A sizable Hill County tract with three ponds, a renovated 2/2 farmhouse, and a pole barn for flexible land use.
      148 Hcr 3341, Hubbard, TX 76648
      View Details
    • $543,000

      71 Acres of Texas Prairie

      Unimproved land featuring ponds and native grasses near major cities.
      HCR 3352, Hubbard, TX 76648
      View Details
    • $175,000

      Cleared Acreage with Sunset Views

      Cleared, fully fenced land in a quiet country setting offers flexible options for building, recreation, or agriculture.
      582 HCR 3320, Hubbard, TX 76648
      View Details
    • $137,000

      10-Acre Residential and Farm Lot

      A 10-acre tract with utilities available and tree-lined building potential in a developing area.
      Hcr 3373, Hubbard, TX 76648
      View Details
    • $895,000
      2,226 SF

      Hubbard Estate on 55 Acres

      Luxury rock home on 55 acres with pond.
      535 Hcr 3350 N, Hubbard, TX 76648
      View Details
    • $119,899

      Unrestricted Ranch Land

      Unrestricted rural acreage with an electric pole already in place for flexible homestead or self-directed living plans.
      182 Hill County Road 3352, Hubbard, TX 76648
      View Details
    • $170,000

      Open Pasture Land Tract with Trees

      15-acre tract offers build flexibility with open pasture, natural tree lines, and no deed restrictions for adaptable use.
      15 Acres | Tract 5 County Rd 3307, Hubbard, TX 76648
      View Details
    • $149,900

      Open Pasture Tract with Homesites

      A fully open Hill County tract with multiple homesites and pasture potential, with no deed restrictions.
      12.54 Acres | Tract 2 County Rd 3307, Hubbard, TX 76648
      View Details
    • $132,000

      Gently Rolling Pasture Land

      An 11-acre open tract near Hubbard with flexible homesite options, long-range views, and no deed restrictions.
      11 Acres | TBD County Rd 3150, Hubbard, TX 76648
      View Details
    • $149,900

      Tract of Land with Pasture

      Gently rolling open pasture with natural tree coverage, ideal for flexible residential, agricultural, or recreational plans.
      12.54 Acres | Tract 4 County Rd 3307, Hubbard, TX 76648
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 82 acres with ponds, deer activity, productive coastal meadow, and three residences for flexible family, hunting, or retreat use.
    Where is this agricultural land / farmland located?
    The property is located at 2517 St Highway 31 Hubbard, TX.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 82.019‑acre property with 3 ponds, including 2 ponds with docks and aerators; large pond stocked with catfish and features a man‑made dam; Total of 9 bedrooms and 6.5 bathrooms across 3 buildings with approximately 6,000 sq ft of air‑conditioned living space; Main home: 3 bed, 2 bath double wide with a 2‑car garage, stone skirting, and fenced backyard
    (214) 808-3418
    We can help!
    Listing Contact
    Audri Henderson
    Real Estate License ID: 0845945
    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
    2517 St Highway 31, Hubbard, TX 76648
    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!