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    Working Ranch with Highway Frontage Title is generated by Realmo AI

    5234 N U.S Hwy 87, Brady, TX 76825

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    For Sale
    $625,000

    A ready-to-use Texas working ranch with hay fields, improvements, and substantial Highway 87 frontage.

    Type:Land
    Lot size:
    64.30 Acres
    Added:
    May 26, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 6 at 5:12 am

    Property Features for 5234 N U.S Hwy 87

    General Information

    Standard status
    Active
    Lot size
    64.30 Acres
    Property subtype
    Land

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    Listing Contact
    Gregory Browning

    Listing agent Gregory Browning

    Listing office Jacoby Land Co.

    Listing date May 26, 2026

    Source Exprealty

    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 Jacoby Land Co.

    HighLights

    • 64.3‑acre working farm/ag‑exempt ranch with four separate grass hay fields for hay production
    • Home includes 3 BR/1 BA plus a newly added flex room and covered back porch
    • Electricity and three working water wells in place; property ready for immediate use and future expansion
    • Large equipment barn, 30 x 40 shop, greenhouse, cattle working pens, and numerous outbuildings
    • Approximately 2,115 ft of Highway 87 frontage plus 3,600 ft of CR 150 frontage along sides and back
    • Outdoor recreation includes hunting and wildlife sightings such as whitetail deer, axis deer, dove, quail, and turkey

    Overview

    This 64.3-acre working farm ranch includes a well-built 3-bedroom, 1-bath home with a newly added flex room and a covered back porch. Farm infrastructure is in place with electricity and three working water wells. Outbuildings and work areas support day-to-day operations, including a large equipment barn, a spacious 30 x 40 shop, greenhouse, cattle working pens, and additional outbuildings. The property also has newer fencing and four separate grass hay fields.

    The ranch has approximately 2,115 feet of frontage along Highway 87 and about 3,600 feet of CR 150 frontage along the sides and back of the property, providing straightforward access for equipment and vehicles.

    Built to serve both agriculture and recreation, the land is described as offering productive hay ground and hunting and wildlife opportunities, with whitetail deer, axis deer, dove, quail, and turkey frequently seen on the ranch. As an ag-exempt property, it is positioned for buyers looking for a functioning ranch base with existing improvements and the ability to expand future use.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Brady
    County
    McCulloch
    State
    Texas
    Longitude
    -99.299736
    Latitude
    31.050652

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    FAQs

    What type of property is this?
    Ranch - A ready-to-use Texas working ranch with hay fields, improvements, and substantial Highway 87 frontage.
    Where is this ranch located?
    The property is located at 5234 N U.S Hwy 87 Brady, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 64.3‑acre working farm/ag‑exempt ranch with four separate grass hay fields for hay production; Home includes 3 BR/1 BA plus a newly added flex room and covered back porch; Electricity and three working water wells in place; property ready for immediate use and future expansion
    (512) 317-2288
    We can help!
    Listing Contact
    Gregory Browning
    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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