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    750 County Road 100 Purmela, TX 76566

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    For Sale
    $595,000

    Modern Farmhouse, Farm/Ranch - Purmela, TX

    Type:Farm
    Property size:
    1,734 SF
    Lot size:
    25.00 Acres
    Price / SF:
    $343/SF
    Added:
    May 1, 2026
    Days on Market:
    2
    Last Refresh:
    May 2 at 7:06 pm

    Property Features for 750 County Road 100

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Carport
    Patio and Porch features
    Patio, Porch
    Interior features
    Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rv Hookup, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    154613
    Size
    1,734 SF
    Lot size
    25.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2021
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Board & Batten Siding
    Roof type
    Metal
    Architectural style
    Modern
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    Calvin Burks
    Calvin Burks

    Listing agent Calvin Burks

    Listing office BURKS REAL ESTATE 715 E Hwy 84, Evant, TX

    Listing date May 1, 2026

    MLS# 21145692 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.

    Overview

    Modern Farmhouse with Horse Facilities

    This 25-acre property in Purmela, TX, features a modern 2-bedroom, 2-bath home constructed in 2021. The home includes an open floor plan, stained concrete floors, high ceilings, and large living-room windows. The kitchen is equipped with a large island, granite countertops, a country sink, a pantry, and ample cabinet space. Both bathrooms have double vanities and walk-in showers, and the bedrooms feature large walk-in closets. A laundry room includes a granite countertop and sink. The property includes a covered back porch, a hot tub, and an attached 2-car carport with storage. The property is improved with a horse barn, a storage building, and covered RV storage with electrical hookups. An electric front entrance gate and wooden panel entrance with a two-rail fenced lane provide access to the home. The land features rolling terrain, tree cover, and a stock tank, suitable for horses or livestock. Located on a paved county road with a multi-county water meter and within Gatesville ISD, the property is approximately 10 minutes from Coryell Health Hospital and 15 minutes from downtown Gatesville. It is about one hour from Waco, Temple, Killeen, and Stephenville. The property is intended for country living and is set up for horses or livestock.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Purmela
    County
    Coryell
    State
    Texas
    Longitude
    -97.900519
    Latitude
    31.476982

    FAQs

    What type of property is this?
    Horse & equestrian property - 25-acre horse property with modern home near Gatesville, TX.
    Where is this horse & equestrian property located?
    The property is located at 750 County Road 100 Purmela, TX.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 25± acre horse property with a modern 2‑bedroom, 2‑bath home built in 2021.; Includes a horse barn, storage building, and covered RV storage with electrical hookups.; Enjoy the open floor plan, stained concrete floors, high ceilings, granite countertops, and large windows.
    (254) 865-3601
    We can help!
    Listing Contact
    Calvin Burks
    Calvin Burks
    Real Estate License ID: 0268721
    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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    750 County Road 100, Purmela, TX 76566

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