Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1681 Fm 574 Mullin, TX 76864

    Sponsored
    For Sale
    $4,499,000

    483-acre turnkey hunting ranch

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    Exceptional opportunity to own a fully equipped, 483-acre high-fenced game ranch in Mills County, Texas. This turnkey property boasts a remarkable history of producing top-quality B&C Whitetail deer for over a decade. Included in the sale are two houses: a 3600 sq ft main house (remodeled 2020) with 6 bedrooms and 3.5 bathrooms, and a 2500 sq ft hunter's lodge (built 2021) with 4 bedrooms and 2.5 bathrooms. Both residences feature modern kitchens, laundry facilities, and high-speed fiber optic internet (up to 2 Gbps). All ranch equipment, including a tractor, deer stands, feeders, and all furniture in both houses and the lodge, is included. The property also features 5 large deer breeding pens, numerous outbuildings for storage, an above-ground pool, and a firepit area. Beyond whitetail deer, the ranch supports a diverse population of exotic animals, including Black Buck, Axis Deer, Fallow Deer, and Scimitar Oryx, as well as turkey, hogs, and dove. The sale includes 100% of the mineral rights, making this a truly exceptional recreational and investment opportunity in central Texas. Located at 1681 FM574, Mullin, TX 76864, this property is priced at $4,499,000 and is zoned as "No Zoning".

    Property Features for 1681 Fm 574

    General Information

    Property type
    Farms
    Lot Size
    21,039,480 SF

    We can help!

    Listing Contact
    John Spillar
    John Spillar

    Learn more

    HighLights

    • High‑fenced, turn‑key Texas game ranch producing trophy whitetail deer for over 10 years.
    • Includes all ranch equipment, two houses (3600 sq ft main house with 6 bedrooms, 3.5 baths, remodeled 2020; 2500 sq ft hunter's lodge with 4 bedrooms, 2.5 baths, built 2021), 5 deer breeding pens, and 100% mineral rights.
    • Abundant wildlife includes whitetail deer, black buck, axis deer, fallow deer, scimitar oryx, turkey, hogs, and dove.
    • Amenities include above‑ground pool, fire pit, large garage/storage, multiple outbuildings, and high‑speed fiber optic internet (up to 2 Gbps).
    • Premier recreational ranch in Central Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mullin
    County
    Mills
    State
    Texas
    Longitude
    -98.8203625
    Latitude
    31.4638987

    Nearby Comparable

    • $1,425,000
      156.00 Acres

      Mills County Ranch with Farmhouse

      156-acre ranch featuring a farmhouse, guest house, and multiple ponds.
      1547 Fm 574 W, Mullin, TX 76864
      View Details
    • $711,000

      90 Acre Ranch with Views

      90-acre ranch featuring native land, ponds, and abundant wildlife.
      1276 Fm 574 W, Mullin, TX 76864
      View Details
    • $1,640,000

      226 Acre Central Texas Ranch

      Beautiful Mills County ranch with wildlife and agricultural exemption.
      838 Fm 573 S, Mullin, TX 76864
      View Details
    • $3,395,000
      485.00 Acres

      Texas Hill Country Ranch For Sale

      485-acre ranch featuring rolling hills, grazing land, and hunting amenities.
      16101 Fm 500, San Saba, TX 76871
      View Details
    • $3,715,330
      373.40 Acres

      Colorado River Ranch with Acreage

      Productive ranch with river frontage and recreational opportunities.
      8498 County Road 121, San Saba, TX 76877
      View Details
    • $1,950,000
      256.00 Acres

      Texas Hill Country Hunting Ranch

      256 Acres, Abundant Wildlife
      38 County Road 550, Mullin, TX 76864
      View Details
    • $1,950,000
      256.00 Acres

      256 Acres in Mills County

      Private ranch with hunting cabin and water features in Central Texas.
      38 County Road 550, Mullin, TX 76864
      View Details
    • $1,650,000

      Ranch Property with Colorado River Frontage

      150-acre ranch featuring Colorado River frontage, abundant wildlife.
      124 County Road 439, Brownwood, TX 76801
      View Details
    • $999,900
      38.24 Acres

      Brownwood Barndominium on Ag Exempt Acres

      Unique barndominium on 38 ag exempt acres near Brownwood, TX.
      5 County Road 441, Brownwood, TX 76801
      View Details

    Nearby Similar for Sale

    • $1,425,000
      156.00 Acres

      Mills County Ranch with Farmhouse

      156-acre ranch featuring a farmhouse, guest house, and multiple ponds.
      1547 Fm 574 W, Mullin, TX 76864
      View Details
    • $1,640,000

      226 Acre Central Texas Ranch

      Beautiful Mills County ranch with wildlife and agricultural exemption.
      838 Fm 573 S, Mullin, TX 76864
      View Details
    • $725,000

      Mills County Ranch with Wildlife

      100 acre ranch with wildlife, ponds, and creek.
      000 Fm 573, Mullin, TX 76864
      View Details

    FAQs

    What type of property is this?
    Farm - 483-acre turnkey hunting ranch
    Where is this farm located?
    The property is located at 1681 Fm 574 Mullin, TX.
    What is the asking price?
    The asking price for this property is $4,499,000.
    What are key features of this property?
    This property features: High-fenced, turn-key Texas game ranch producing trophy whitetail deer for over 10 years.; Includes all ranch equipment, two houses (3600 sq ft main house with 6 bedrooms, 3.5 baths, remodeled 2020; 2500 sq ft hunter's lodge with 4 bedrooms, 2.5 baths, built 2021), 5 deer breeding pens, and 100% mineral rights.; Abundant wildlife includes whitetail deer, black buck, axis deer, fallow deer, scimitar oryx, turkey, hogs, and dove.
    Request Owner's contact information
    1681 Fm 574 Mullin, TX 76864
    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.
    1681 Fm 574
    Mullin, TX 76864
    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
    1681 Fm 574 Mullin, TX 76864
    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

    We can help!
    Listing Contact
    John Spillar
    John Spillar
    Real Estate License ID: 629885
    Learn more
    Google sign-in failed. Please try again or use another login method.