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    Renovated Ranch Home on Acreage Title is generated by Realmo AI

    322 Hcr 2320, Abbott, TX 76621

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    Claim this Listing
    New
    For Sale
    $519,000

    Ranch,Traditional, Farm/Ranch - Abbott, TX

    Type:Farm
    Property size:
    2,276 SF
    Lot size:
    12.79 Acres
    Price / SF:
    $228/SF
    Added:
    May 29, 2026
    Days on Market:
    3
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for 322 Hcr 2320

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Driveway
    Interior features
    Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Storage
    Appliances
    Dishwasher, Dryer, Microwave, Range, Range - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    108837
    Size
    2,276 SF
    Lot size
    12.79 Acres

    Building Details

    Year built
    1960
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    New Traditional
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Emma Tittle

    Listing agent Emma Tittle License #0669734

    Listing office HeartLand Real Estate 104 E Criner St, Grandview, TX

    Listing date May 29, 2026

    MLS# 21085309 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

    • 12.79 acres of land with mature trees, a creek, and open farmland, offering privacy and space.
    • 30X60 metal workshop with bathroom, shower, water, and electricity, ideal for storage, hobbies, or business.
    • Completely renovated home (2019) with granite counters, open floorplan, and modern amenities; move‑in ready.
    • Spacious kitchen with double oven, gas cooktop, large island, and ample granite countertop space.
    • Primary bathroom with his and hers sinks, walk‑in shower, separate bathtub, and large walk‑in closet.
    • Convenient location with easy access to I‑35, close to Waco and Hillsboro, and within an hour of Dallas‑Fort Worth.

    Overview

    Located along a quiet country road, this property features a 2,276 square foot ranch home on 12.79 acres. The land includes mature trees, a creek, wildlife, and open farmland. A 30x60 metal workshop with a bathroom, shower, water, and electricity is a notable feature, suitable for storage, hobbies, or business use. The home, renovated in 2019, includes a covered front porch. The kitchen is equipped with a double oven, granite countertops, a gas cooktop, and a large island. The primary bathroom has his and hers sinks, a walk-in shower, a separate bathtub, and a walk-in closet. The backyard offers space for gardening, pets, or outdoor gatherings, and there are two barns for extra storage. The property is located approximately 30 minutes from Waco, 15 minutes from Hillsboro, 20 minutes from Buc-ee's, and about an hour from Dallas-Fort Worth, with easy access to I-35.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Abbott
    County
    Hill
    State
    Texas
    Longitude
    -97.145445
    Latitude
    31.897568

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    FAQs

    What type of property is this?
    Farm - Spacious renovated ranch on 12.79 acres with workshop.
    Where is this farm located?
    The property is located at 322 Hcr 2320 Abbott, TX.
    What is the asking price?
    The asking price for this property is $519,000.
    What are key features of this property?
    This property features: 12.79 acres of land with mature trees, a creek, and open farmland, offering privacy and space.; 30X60 metal workshop with bathroom, shower, water, and electricity, ideal for storage, hobbies, or business.; Completely renovated home (2019) with granite counters, open floorplan, and modern amenities; move‑in ready.
    (817) 933-8452
    We can help!
    Listing Contact
    Emma Tittle
    Real Estate License ID: 0669734
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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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