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    Large Hunting and Ranch Land Title is generated by Realmo AI

    FM 908 +/-1 057 acres, Caldwell, TX 77836

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    For Sale
    $11,320,000

    LAND - Caldwell, TX

    Lot size:
    1,057.00 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for FM 908 +/-1 057 acres

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Burleson
    Fencing
    Perimeter, Cross Fenced
    Standard status
    Active
    APN
    TBD FM 908 (+/-1,057 acres) 603
    Lot size
    1,057.00 Acres

    We can help!

    Listing Contact
    Melinda Scott
    Melinda Scott

    Listing agent Melinda Scott License #0527396

    Listing office Home & Ranch Real Estate 200 E Buck Street, Caldwell, TX

    Listing date Jun 3, 2026

    MLS# 26006574 Listing URL

    Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,057+ acre Crown Ranch in northwest Burleson County, centrally located between Waco, Austin, Houston, and Bryan/College Station
    • Heavy woods with 10+ miles of roads and trails for access throughout the ranch
    • Tifton 85 improved rolling pastures with hilltop views
    • Perimeter and cross fencing includes 16,000+ feet of high fence plus 5‑strand barbed wire on cedar posts
    • Multiple spring‑fed ponds and meandering creek beds
    • Partial minerals may convey; ranch is part of a successful cow‑calf grazing rotation program

    Overview

    A 1,057-acre ranch property designed for hunting, ranching, and extended time outdoors. The land features heavy woods with more than 10 miles of roads and trails, hilltop views, and Tifton 85 improved rolling pastures. Fencing includes a combination of more than 16,000 feet of high fence and 5-strand barbed wire with cedar posts, along with perimeter and cross fencing. The property also includes multiple spring-fed pond sites and meandering creek beds, and partial minerals may be able to convey.

    The ranch is located in northwestern Burleson County near FM 908, with country access that supports both day-to-day ranch use and weekend hunting. Its varied terrain and managed habitat are intended to support wildlife and hunting activity, including conditions suited to rifle and archery during season, based on the property’s sightline views, brushy meadows, and game trails.

    This acreage offers a practical fit for buyers seeking a large, self-contained tract for long-term ranching and hunting use, with established internal access, managed fencing, and water features that complement livestock grazing and outdoor recreation. The combination of woods, improved pasture, and spring-fed ponds provides multiple land-use options within one contiguous property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Spa & Massage Center Auto Repair Shop Food Market Grocery & Convenience Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Caldwell
    County
    Burleson
    State
    Texas
    Longitude
    -96.771653
    Latitude
    30.508

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    FAQs

    What type of property is this?
    Ranch - A 1,057-acre ranch with woods, hilltop views, improved pastures, roads/trails, and multiple ponds for hunting and grazing.
    Where is this ranch located?
    The property is located at FM 908 +/-1 057 acres Caldwell, TX.
    What is the asking price?
    The asking price for this property is $11,320,000.
    What are key features of this property?
    This property features: 1,057+ acre Crown Ranch in northwest Burleson County, centrally located between Waco, Austin, Houston, and Bryan/College Station; Heavy woods with 10+ miles of roads and trails for access throughout the ranch; Tifton 85 improved rolling pastures with hilltop views
    (979) 272-1759
    We can help!
    Listing Contact
    Melinda Scott
    Melinda Scott
    Real Estate License ID: 0527396
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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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