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    Ranch Land with Hunting Cabins Title is generated by Realmo AI

    7947 CR 1255, Lampasas, TX 76550

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    For Sale
    $22,273,260

    LAND - Lampasas, TX

    Lot size:
    2,819.40 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    101
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 7947 CR 1255

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    PrivateEntrance
    Fencing
    Gate, Perimeter, Fenced
    Standard status
    Active
    APN
    13466
    Lot size
    2,819.40 Acres

    Utilities

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

    Building Details

    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Leah Caruthers

    Listing agent Leah Caruthers

    Listing office TEXAS REAL ESTATE SALES Lampasas, TX

    Listing date Feb 24, 2026

    MLS# 21187920 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

    • 2,819.4‑acre Lampasas County ranch with 2.8+ miles of CR frontage on the south side and 0.3 miles of CR access on the north side
    • Operational hunting cabins (3) plus a guest cabin for lodging or rental use
    • Main residence, foreman home, and livestock barn with panoramic Hill Country views and high mesas
    • Well water with septic tank; 4‑inch water main (Corix water) runs along CR 1255, plus established Pedernales Electric service
    • Three year‑round stocked ponds with native fish
    • Approved MUD; historical cemetery on the north side; private gate/fenced/perimeter with a private entrance

    Overview

    Pitt Creek Ranch presents a rare, large ranch offering both live-in improvements and income-ready lodging. The property includes a main residence, a foreman home, and a livestock barn, plus multiple operational accommodations with three hunting cabins and a guest cabin that are ready for rental use. For on-site water and utilities, a 4-inch water main provided by Corix water runs along CR 1255, and Pedernales Electric service is established. The ranch is improved with native hardwoods, year-round ponds stocked with native fish, and an approved MUD. A historical cemetery is located on the north side of the ranch, adding to the property’s character and local history.

    Ownership includes extensive county road access, with over 2.8 miles of CR frontage on the south side and an additional 0.3 miles of CR access on the north side. Current hunting and grass lease arrangements are in place, and the ranch supports a wildlife-rich habitat with white-tail deer, wild pig, quail, dove, and turkey.

    This offering is well suited to buyers looking for a working ranch with existing operations and the option to continue leasing or expand recreational and lodging use. It’s offered in an assumable structure, with terms that include a note balloon in October 2026, making it particularly relevant for buyers evaluating long-term hold strategies.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.306257
    Latitude
    31.056382

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    FAQs

    What type of property is this?
    Ranch - Large Lampasas County ranch offering ranch infrastructure, operational cabins, ponds, and established leases for hunting and grazing.
    Where is this ranch located?
    The property is located at 7947 CR 1255 Lampasas, TX.
    What is the asking price?
    The asking price for this property is $22,273,260.
    What are key features of this property?
    This property features: 2,819.4‑acre Lampasas County ranch with 2.8+ miles of CR frontage on the south side and 0.3 miles of CR access on the north side; Operational hunting cabins (3) plus a guest cabin for lodging or rental use; Main residence, foreman home, and livestock barn with panoramic Hill Country views and high mesas
    (512) 556-9090
    We can help!
    Listing Contact
    Leah Caruthers
    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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