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    4538 County Road 463 Rule, TX 79548

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    For Sale
    $1,592,000

    Ranch with river access, residences, and income-producing oil wells.

    Type:Farm/Ranch
    Property size:
    2,282 SF
    Added:
    Oct 13, 2025
    Days on Market:
    189
    Last Refresh:
    Mar 13 at 4:59 pm

    Property Features for 4538 County Road 463

    General Information

    Standard status
    Active
    Size
    2,282 SF
    Property subtype
    Farm/Ranch

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Lisa Terrell

    Listing agent Lisa Terrell License #0542551

    Listing office Ekdahl Real Estate STAMFORD

    Listing date Oct 13, 2025

    Source Compass

    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 Ekdahl Real Estate STAMFORD

    Overview

    Double Mountain River Reserve Ranch

    The Double Mountain River Reserve features two residences, river access, abundant wildlife, and recreational opportunities. The main ranch house includes two living areas, a formal dining area, three bedrooms, and two bathrooms. It also features a wood-burning fireplace and large windows. A patio provides an outdoor space for relaxation. The property includes a 50x100 metal barn and horse stalls. Working oil wells are present on the property, providing additional income. A cabin, situated 200 yards above the river, includes a Buffalo Room bunkhouse, a handcrafted whiskey barrel shower, electricity, a water well, and RV hookups. It also features a western-facing area. The west border of the ranch has approximately a half-mile of the Double Mountain Fork of the Brazos River. The property also features three earth tanks, mesquite pastures, and cross-fenced areas for rotational grazing, along with a roadway system. The property is known for whitetail deer, Rio Grande turkey, bobwhite quail, bobcats, and painted buntings, with monarch butterflies migrating seasonally. The property is suited for family getaways, hunting, fishing, livestock, or investment opportunities.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Rule
    County
    Haskell
    State
    Texas
    Longitude
    -99.956446
    Latitude
    33.107488

    Nearby Similar for Sale

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    • $75,000

      Highway Frontage Land in Rule, TX

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    • $85,000

      Five Acres of Rural Land

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    FAQs

    What type of property is this?
    Ranch - Ranch with river access, residences, and income-producing oil wells.
    Where is this ranch located?
    The property is located at 4538 County Road 463 Rule, TX.
    What is the asking price?
    The asking price for this property is $1,592,000.
    What are key features of this property?
    This property features: Riverfront property with approximately a half‑mile of the Double Mountain Fork of the Brazos River; Working oil wells providing additional income; Two residences, including a main ranch house and a cabin with a whiskey barrel shower and Buffalo Room bunkhouse
    (325) 668-2385
    We can help!
    Listing Contact
    Lisa Terrell
    Real Estate License ID: 0542551
    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.

    More about this property
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