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    Rural Acreage with Pastures and Pond Title is generated by Realmo AI

    Anderson County Road 163, Elkhart, TX 75839

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    Claim this Listing
    For Sale
    $265,000

    LAND - Elkhart, TX

    Lot size:
    29.73 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    197
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for Anderson County Road 163

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15598
    Lot size
    29.73 Acres

    We can help!

    Listing Contact
    Cody Robertson

    Listing agent Cody Robertson License #0588216

    Listing office Whitetail Properties Real Estate Boerne, TX

    Listing date Nov 18, 2025

    MLS# 21114587 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

    • 29.73‑acre vacant tract in southern Anderson County, fronting ACR 163 (Blue Ribbon Road).
    • Layout includes about half open and half wooded land with three interior pastures: 2.5 ac front, 8 ac middle, and 4 ac rear.
    • Wooded perimeter provides a natural privacy buffer from neighbors and the roadway.
    • Gently rolling topography with elevations from 380 to 410 ft above sea level and a small pond between the front two pastures.
    • Open pastures feature Bahia and Bermuda grasses, suitable for grazing or hay production.
    • Timber includes mature hardwoods in the front and pine in the rear; wooded areas include oaks, elms, and pines.

    Overview

    This 29.73-acre vacant tract is set up with a balanced mix of open pastureland and wooded terrain. The layout includes three interior pastures, with the front, middle, and rear areas separated and supported by timber buffers that help define the homesite and recreational potential. A small pond sits between the front two pastures and is surrounded by hardwood trees, adding both scenic value and water utility. The property also features a wooded perimeter that creates a natural privacy buffer.

    The acreage fronts along the northern boundary of ACR 163, also known as Blue Ribbon Road, and is located just northeast of Elkhart in southern Anderson County. Topography is gently rolling, with elevations ranging from 380 to 410 feet above sea level, and the wooded perimeter helps provide screening from neighbors and the roadway.

    With its overgrown native pastures and established tree cover, the land offers a practical starting point for buyers looking to restore pasture for grazing or hay, or to preserve a wildlife-oriented retreat. The mix of grasses and the mature timber components, including hardwoods and pine, support a variety of agricultural and recreational plans, while the pond and wooded areas can complement outdoor uses.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Elkhart
    County
    Anderson
    State
    Texas
    Longitude
    -95.5577
    Latitude
    31.6457

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Vacant 29-plus-acre tract with open pastures, wooded areas, and a small pond for flexible recreational or agricultural use.
    Where is this agricultural land / farmland located?
    The property is located at Anderson County Road 163 Elkhart, TX.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 29.73‑acre vacant tract in southern Anderson County, fronting ACR 163 (Blue Ribbon Road).; Layout includes about half open and half wooded land with three interior pastures: 2.5 ac front, 8 ac middle, and 4 ac rear.; Wooded perimeter provides a natural privacy buffer from neighbors and the roadway.
    (830) 428-0096
    We can help!
    Listing Contact
    Cody Robertson
    Real Estate License ID: 0588216
    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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