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    High Fence Hunting Ranch Land Title is generated by Realmo AI

    511 +/-169ac LCR 793, Groesbeck, TX 76642

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    Claim this Listing
    For Sale
    $1,599,000

    LAND - Groesbeck, TX

    Lot size:
    169.08 Acres
    Added:
    May 1, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 511 +/-169ac LCR 793

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Brush
    Fencing
    Perimeter, Fenced
    Standard status
    Active
    APN
    117858
    Lot size
    169.08 Acres

    Taxes and HOA fees

    Tax Description
    169.08ac out of J.L Chavert Survery A-4

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Ceiling Fan(s)

    We can help!

    Listing Contact
    Jessica Armstrong

    Listing agent Jessica Armstrong

    Listing office Armstrong Properties TX

    Listing date May 1, 2026

    MLS# 21079827 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

    • 169‑acre high‑fenced hunting ranch with perimeter fencing and multiple hunting locations
    • Hunting facilities include predator wire, 3D bow range, and 100‑yd gun range
    • 4‑bed, 2‑bath modular home sleeps around 10 guests
    • Wildlife reported: whitetail, axis, aoudad, and hogs, with multiple blinds and feeders in place
    • Utilities include single‑phase electricity, 2 community water meters, and field line septic (septic tank)
    • Additional improvements: main entrance gate, outdoor cooking area, new water gaps, and erosion control culvert

    Overview

    This high fence hunting ranch spans approximately 169 acres and is set up for productive hunts and comfortable stays. The property includes a modular 4-bedroom, 2-bath home that sleeps around 10 guests, along with hunting facilities such as predator wire, a 3D bow range, and a 100-yard gun range. Multiple blinds and feeders are strategically placed across the landscape, creating several distinct hunting locations. Additional improvements include a main entrance gate, an outdoor cooking area, new water gaps, and erosion control culvert work, supported by field line septic. Utilities feature single-phase electricity and two community water meters, and the ranch carries Wildlife Exempt status.

    Located in Limestone County, the ranch sits between I-45 and I-35 and is near Lake Limestone, Waco, and the DFW Metroplex. The acreage is largely covered with mature oaks and yaupon hardwoods, providing a natural setting for game management.

    For buyers seeking an operational hunting retreat, this property is ready to facilitate hunts with established infrastructure and on-site lodging. It also offers a practical platform for continued wildlife management and range use, while giving owners a self-contained setup for hosting groups and making the land the destination.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Groesbeck
    County
    Limestone
    State
    Texas
    Longitude
    -96.5518
    Latitude
    31.5394

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    FAQs

    What type of property is this?
    Ranch - Turnkey high fence hunting property with multiple hunting setups, ranges, and a modular home suited for weekend groups.
    Where is this ranch located?
    The property is located at 511 +/-169ac LCR 793 Groesbeck, TX.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: 169‑acre high‑fenced hunting ranch with perimeter fencing and multiple hunting locations; Hunting facilities include predator wire, 3D bow range, and 100‑yd gun range; 4‑bed, 2‑bath modular home sleeps around 10 guests
    (979) 567-7653
    We can help!
    Listing Contact
    Jessica Armstrong
    Request Owner's contact information
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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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