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

    Leon Jct Gatesville, TX 76528

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $775,000

    Texas Farm & Hunting Land: Prime location, ready to build.

    Property Features for 0 Leon Jct

    General Information

    Property type
    Farms
    Lot Size
    3,770,554 SF

    We can help!

    Listing Contact
    Bryan Bailey

    Listing Agent: Bryan Bailey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This expansive 86.56-acre property in Coryell County, Texas, presents a unique opportunity for farming, ranching, recreation, or future development. Located in Leon Junction near Gatesville (zip code 76528), this versatile tract boasts a blend of open pastures and wooded areas featuring Pecan, Walnut, Hackberry, Elm, and Oak trees. The land is fully fenced, includes fertile soil, ample grazing areas, and large surface water tanks providing a water source for livestock and wildlife. Multiple potential building sites offer scenic views. Existing improvements include cattle pens, a barn, a shop, and grain silos situated within a pecan grove. Conveniently located near Waco, Temple, and Killeen, this property offers rural tranquility with easy access to amenities. County-maintained road frontage and readily available utilities enhance its appeal. The property is an 8-minute drive to DOMO Dove Nest Motorsports Club, 19 minutes from Mother Neff State Park, and 20 minutes from a boat launch at Lake Belton. The asking price is $775,000. All dimensions and boundaries are estimates
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.59188
    Latitude
    31.340178

    Nearby Similar for Sale

    • $899,000
      1,000 SF

      Texas Ranch with Cabin and Shop

      96-acre Central Texas ranch featuring a cabin and shop.
      2998 Straws Mill Rd, Gatesville, TX 76528
      View Details
    • $3,950,000
      55.00 Acres

      Luxury Ranch Estate with Barndominium

      55-acre estate with a 10,000 SF barndominium lodge near Gatesville.
      410 County Road 174, Gatesville, TX 76528
      View Details
    • $1,000,000
      148.00 Acres

      Coryell County Ranch Land Opportunity

      148 acres in Coryell County, Texas, ideal for ranching.
      515 County Road 262, Gatesville, TX 76528
      View Details
    • $1,695,000
      1,080 SF

      80 Acres Farm and Ranch

      80 acres with two homes near The Grove, Texas.
      552 County Road 354, Gatesville, TX 76528
      View Details
    • $478,500
      2,058 SF

      Charming Farmhouse on Picturesque Acreage

      Five-bedroom home on 19+ acres with mature trees.
      740 Old Georgetown Rd, Gatesville, TX 76528
      View Details
    • $2,141,850
      196.50 Acres

      Central Texas Ranch Opportunity

      196.5-acre ranch with pasture, woods, and water features.
      Tbd-196.5 Acres Fm 116 Rd, Gatesville, TX 76528
      View Details
    • $850,000
      4,500 SF

      Versatile Commercial Building in Gatesville

      4,500 sq ft building with income potential near downtown.
      200 Cattle Rd, Gatesville, TX 76528
      View Details
    • $2,141,850
      196.50 Acres

      196.5 Acre Ranch in Gatesville

      196.5-acre ranch with pasture, woods, creek, and improvements near Gatesville.
      Tbd-196.5 Acres Fm 116 Rd, Gatesville, TX 76528
      View Details
    • $310,000
      3,217 SF

      Gatesville Commercial Opportunity

      Commercial property with five buildings suitable for various business ventures.
      102 E Main St, Gatesville, TX 76528
      View Details
    • New
      $350,000
      5,580 SF

      Versatile Commercial Building in Gatesville

      Commercial building with ample parking and endless business potential.
      314 Fm 116, Gatesville, TX 76528
      View Details
    • New
      $120,000
      1,792 SF

      Gatesville Retail Property on Highway

      Commercial property on Main Street in Gatesville, Texas.
      1412 W Main St, Gatesville, TX 76528
      View Details
    • $124,900
      3,544 SF

      Main Street Commercial Property in Gatesville

      3,544 SF commercial property on Main Street in Gatesville, TX.
      212 E Main St, Gatesville, TX 76528
      View Details

    FAQs

    What type of property is this?
    Farm - Texas Farm & Hunting Land: Prime location, ready to build.
    Where is this farm located?
    The property is located at Leon Jct Gatesville, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    Request Owner's contact information
    Leon Jct Gatesville, TX 76528
    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.
    Leon Jct
    Gatesville, TX 76528
    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
    Leon Jct Gatesville, TX 76528
    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
    Bryan Bailey
    Learn more
    Google sign-in failed. Please try again or use another login method.