Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Goldthwaite Ranch with Equestrian Facilities Title is generated by Realmo AI

    91 State Highway 16 S, Goldthwaite, TX 76844

    View on Map
    Claim this Listing
    For Sale
    $1,684,274

    LAND - Goldthwaite, TX

    Lot size:
    177.29 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 91 State Highway 16 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Grassed, Brush
    Fencing
    Fenced
    Standard status
    Active
    APN
    R000004055
    Lot size
    177.29 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 175.292 H T & B RR CO ABST-352
    Tax Annual Amount
    606

    Utilities

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

    Building Details

    Additional Structures
    Arena

    We can help!

    Listing Contact
    Roy Pfingsten

    Listing agent Roy Pfingsten License #0516718

    Listing office Texas Country Real Estate Boyd, TX

    Listing date Mar 24, 2026

    MLS# 20559569 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

    • 177+ acres of land with highway frontage on two sides (Highway 16 and FM Highway 3023).
    • Three ponds and a creek running through the property.
    • Horse facilities including 13‑stall stables, roping arena, horse walker, and round pen.
    • Cross‑fenced into 5 pastures with water lines run to back pastures.
    • Two water wells on the property.
    • Includes a single wide mobile home with three bedrooms and two bathrooms.

    Overview

    This 177.292+ acre ranch is located near Goldthwaite, TX. The property features three ponds and a creek. It has frontage on both Highway 16 and FM Highway 3023. The property includes two water wells. Equestrian facilities include a set of 13-stall horse stables, a roping arena, a horse walker, and a round pen. Water lines are run to the back pastures, and the property is cross-fenced into 5 pastures. A single wide mobile home with three bedrooms and two bathrooms is also located on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Goldthwaite
    County
    Mills
    State
    Texas
    Longitude
    -98.585849
    Latitude
    31.434884

    Nearby Similar for Sale

    • $298,900
      7,000 SF

      Versatile Commercial Space in Goldthwaite

      Unique commercial property with high visibility and flexible usage options.
      1208 Fisher, Goldthwaite, TX 76844
      View Details
    • $225,000

      Flex Building with Roll-Up Door

      Versatile metal building with an open interior and roll-up back access for multiple business concepts.
      705 N Commercial, Goldthwaite, TX 76844
      View Details
    • $879,000

      Private Ranch Land with Water

      Secluded acreage with a private entrance, cultivated ground, mature trees, and on-site well and earthen tank.
      Fm 3023 S, Goldthwaite, TX 76844
      View Details
    • $105,000

      Commercial & Residential Development Land

      7-acre tract inside city limits with multiple access points suited for residential or light commercial development.
      20 County Road 505, Goldthwaite, TX 76844
      View Details
    • $529,875

      Agricultural Land with Barndominium

      Rolling, fenced acreage with county road frontage and a barndominium ready for completion, plus well and power in place.
      131 County Road 317, Goldthwaite, TX 76844
      View Details
    • $589,172

      Fenced Ranch Recreational Acreage

      Well-equipped fenced ranch acreage with highway frontage, utilities, and RV hookups for immediate recreational and agricultural use.
      65 CR 406, Goldthwaite, TX 76844
      View Details
    • $1,395,000

      High-Fenced Game Ranch Land

      Turnkey high-fenced hunting property with multiple blinds, feeders, and year-round water support.
      267 CR 112, Goldthwaite, TX 76844
      View Details
    • $825,000

      Hunting Ranch with Highway Frontage

      Texas ranch with large oak groves, seasonal stock tanks, and U.S. Highway 84 frontage for recreation and legacy land ownership.
      730 E US HWY 84, Goldthwaite, TX 76844
      View Details
    • $648,750

      Versatile Ranch with Panoramic Views

      92.44-acre ranch near Goldthwaite, TX, with utilities and abundant wildlife.
      250 CR 310, Goldthwaite, TX 76844
      View Details
    • $595,000

      Hunting Land with Cabin and Pond

      Well-covered rolling acreage with highway frontage, a wet-weather pond, and a small cabin with electricity for private hunting use.
      891 US Highway 183 S, Goldthwaite, TX 76844
      View Details
    • $625,000

      Fenced Ranch with Road Frontage

      Fully fenced 90+ acre ranch with paved road frontage, a water well, and seasonal creek-fed tank for wildlife and recreation.
      621 E FM 572, Goldthwaite, TX 76844
      View Details
    • $325,000

      Recreational Hunting Land with Cabin

      19-acre property with 920 feet of Highway 183 frontage, rolling cover, and a small electrified cabin.
      TBD1 US Highway 183 S, Goldthwaite, TX 76844
      View Details

    FAQs

    What type of property is this?
    Land - 177+ acre ranch featuring stables, arena, and multiple water sources.
    Where is this land located?
    The property is located at 91 State Highway 16 S Goldthwaite, TX.
    What is the asking price?
    The asking price for this property is $1,684,274.
    What are key features of this property?
    This property features: 177+ acres of land with highway frontage on two sides (Highway 16 and FM Highway 3023).; Three ponds and a creek running through the property.; Horse facilities including 13‑stall stables, roping arena, horse walker, and round pen.
    (325) 647-1309
    We can help!
    Listing Contact
    Roy Pfingsten
    Real Estate License ID: 0516718
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    91 State Highway 16 S, Goldthwaite, TX 76844
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!