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    Horse Property with Multiple Barns Title is generated by Realmo AI

    28222 Margerstadt Rd, Hockley, TX 77447

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    New
    For Sale
    $1,700,000

    Unrestricted acreage with barns, stalls, RV hookups, and a 3-bedroom home, suited for equestrian or mixed-use operations.

    Type:Farm and Ranch Properties
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 2:42 am

    Property Features for 28222 Margerstadt Rd

    General Information

    Standard status
    Active
    Property subtype
    Farm and Ranch Properties

    Building Details

    Year Built
    1936

    We can help!

    Listing Contact
    Noe Farias

    Listing agent Noe Farias License #0745827

    Listing office

    Listing date Jun 4, 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 Noe Farias

    HighLights

    • Over 12 acres of unrestricted Texas land with agricultural exemption and no restrictions
    • 3‑bedroom, 2‑bath home features updated flooring, oak cabinetry, kitchen island, and storm windows
    • Multiple barns with stalls, pastures, livestock pens, and dog kennels plus storage sheds and a large workshop
    • 3 covered RV spaces with 50 amp service, plus detached carport and abundant parking
    • Climate‑controlled two‑room office building for business, guest, or hobby use
    • On‑site amenities include pond, well, septic system, solar, motion‑activated lighting, and gated pastures

    Overview

    This expansive Texas property offers over 12 acres with an agricultural exemption and unrestricted use. The ranch is improved with multiple barns that include stalls, along with pastures and livestock pens, dog kennels, and storage sheds. Farm infrastructure is in place, including a large workshop and a pond, supported by a well and septic system. There are also three covered RV spaces with 50 amp service, a detached carport, and a climate-controlled two-room office building. The main residence is a 3-bedroom, 2-bath home with updated flooring, oak cabinetry, a kitchen island, and storm windows. Additional site features include gated pastures, mature shade trees, abundant parking, and solar and motion-activated lighting.

    Access and site flow appear designed for hands-on operations, with gated pasture areas and multiple outbuildings that support livestock care and storage. The property is located in Hockley, Texas, and it is described as a Waller County holding; the public remarks also note that mobile homes located in Harris County are not included in the sale.

    For buyers seeking an owner-user setup or a flexible platform for agricultural, residential, or commercial use, the combination of equestrian facilities, an on-site office, and RV accommodations provides practical space for managing daily operations, hosting guests, or supporting a hobby-oriented business. Utilities and key systems serving the home and site are identified, including well and septic, helping confirm it is positioned for ongoing use.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Pet Store Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Harris
    State
    Texas
    Longitude
    -95.858629
    Latitude
    30.122395

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    FAQs

    What type of property is this?
    Ranch - Unrestricted acreage with barns, stalls, RV hookups, and a 3-bedroom home, suited for equestrian or mixed-use operations.
    Where is this ranch located?
    The property is located at 28222 Margerstadt Rd Hockley, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Over 12 acres of unrestricted Texas land with agricultural exemption and no restrictions; 3‑bedroom, 2‑bath home features updated flooring, oak cabinetry, kitchen island, and storm windows; Multiple barns with stalls, pastures, livestock pens, and dog kennels plus storage sheds and a large workshop
    (323) 742-1152
    We can help!
    Listing Contact
    Noe Farias
    Real Estate License ID: 0745827
    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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    28222 Margerstadt Rd, Hockley, TX 77447
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