Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Texas Land Near Equestrian Arena Title is generated by Realmo AI

    350 Private Road 6191 lot 14, Hamilton, TX 76531

    View on Map
    Claim this Listing
    For Sale
    $189,900

    LAND - Hamilton, TX

    Lot size:
    30.24 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    293
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for 350 Private Road 6191 lot 14

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R57889
    Lot size
    30.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    75 BBB & C RR ACRES 30.24 LOT 14
    Tax Annual Amount
    31

    We can help!

    Listing Contact
    Lindy Burks
    Lindy Burks

    Listing agent Lindy Burks License #0815257

    Listing office Burks Real Estate 715 E US HWY 84, TX

    Listing date Aug 12, 2025

    MLS# 589437 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 30.24‑acre tract offering ample space and freedom.
    • Multiple ideal building sites suitable for a custom home, barndominium, or ranch.
    • Conveniently located 20 minutes from downtown Hamilton.
    • Proximity to Circle T Arena, a premier equestrian complex.
    • Open pastureland with scenic views, ideal for horses or livestock.
    • Electricity nearby, simplifying the building process.

    Overview

    This 30.24-acre tract, identified as Lot 14 in the Paloma Vista subdivision, presents an opportunity for Texas country living. Located approximately 20 minutes from downtown Hamilton and near Pottsville, the property features open pastureland and scenic views. Multiple building sites offer flexibility for a custom home, barndominium, weekend retreat, or small ranch. The property is also suitable for horses. Electricity is nearby, and a water well will need to be drilled. Equestrian enthusiasts may find the property's proximity to Circle T Arena in Hamilton appealing. This arena complex is known for its covered arenas and facilities, and hosts rodeo and equine events. The complex includes an on-site hotel and steakhouse. Hamilton offers small-town charm with local shopping and restaurants. The local 2A Hamilton ISD is recognized for academics and sports. This property provides space for outdoor recreation, livestock, or horses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Hamilton
    County
    Hamilton
    State
    Texas
    Longitude
    -98.35763829
    Latitude
    31.71067313

    Nearby Similar for Sale

    • $1,399,000
      3,733 SF

      Hamilton Ranch Near Downtown

      54.9 acre ranch featuring a 3,250 sqft limestone home.
      502 N Brown Street, Hamilton, TX 76531
      View Details
    • $1,350,000
      2,744 SF

      Hamilton Ranch with Custom Home

      206-acre ranch featuring a custom home and farming potential.
      2975 N Fm 1702, Hamilton, TX 76531
      View Details
    • $249,000
      2,026 SF

      Restaurant Opportunity on Highway 281

      Long-standing restaurant with expansion potential off Highway 281.
      702 S Rice Street, Hamilton, TX 76531
      View Details
    • $1,275,000
      3,962 SF

      Custom Home on 25 Acres

      Spacious home with acreage, ideal for livestock and recreation.
      998 Hwy 22 E, Hamilton, TX 76531
      View Details
    • $595,000
      1,891 SF

      Hamilton Ranch with Workshop

      10-acre ranch featuring a house, shops, and storage.
      1340 N US Hwy 281, Hamilton, TX 76531
      View Details
    • $725,000
      2,050 SF

      65 Acres with Workshop in Hamilton

      65.46-acre property with brick home, barns, and workshop in Hamilton, TX.
      1830 Fm 221, Hamilton, TX 76531
      View Details
    • $450,000
      2,400 SF

      Hamilton TX Acreage with Buildings

      12 acres with metal and frame buildings near Hamilton.
      913 N Rice, Hamilton, TX 76531
      View Details
    • $825,000
      2,300 SF

      Versatile Land with Barndominium in Texas

      66.19 acres with barndominium, shop, and agricultural features.
      990 County Road 518, Hamilton, TX 76531
      View Details
    • $399,999
      1,514 SF

      Texas Ranch with Equestrian Potential

      17.88-acre ranch with home, outbuildings, and equestrian potential.
      998 FM218, Hamilton, TX 76531
      View Details
    • $2,900,000
      4,240 SF

      Hamilton County Ranch with Lodge

      400-acre Texas ranch featuring a custom stucco lodge.
      5905 N US Highway 281 (400), Hamilton, TX 76531
      View Details
    • $1,900,000
      4,240 SF

      Texas Ranch with Bison History

      172-acre ranch in Hamilton County, ideal for recreation.
      5905 N US Highway 281 (172), Hamilton, TX 76531
      View Details
    • $2,650,000

      Texas Ranch with Creek Frontage

      286.93-acre ranch featuring scenic beauty and recreational opportunities.
      1233 County Road 434, Hamilton, TX 76531
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 30.24-acre tract near Hamilton, TX, ideal for custom home.
    Where is this agricultural land / farmland located?
    The property is located at 350 Private Road 6191 lot 14 Hamilton, TX.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Large 30.24‑acre tract offering ample space and freedom.; Multiple ideal building sites suitable for a custom home, barndominium, or ranch.; Conveniently located 20 minutes from downtown Hamilton.
    (254) 206-0643
    We can help!
    Listing Contact
    Lindy Burks
    Lindy Burks
    Real Estate License ID: 0815257
    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
    350 Private Road 6191 lot: 14, Hamilton, TX 76531
    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!