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    Ranch Land with Hunting and Cattle Title is generated by Realmo AI

    County Road 130, Goldthwaite, TX 76866

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    Claim this Listing
    Pending
    $4,029,792

    LAND - Goldthwaite, TX

    Lot size:
    850.00 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    613
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for County Road 130

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Cleared
    Standard status
    Pending
    APN
    R000003600
    Lot size
    850.00 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 410.090 BARNS HAYS COUNTY SCH LANDS AB
    Tax Annual Amount
    1118

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Larry Jacobs
    Larry Jacobs

    Listing agent Larry Jacobs

    Listing office Jacobs Properties Montgomery, TX

    Listing date Sep 30, 2024

    MLS# 20716191 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

    • Approx. 850‑acre Hill Country ranch with scenic, rolling live oak pastureland near Hamilton and Brownwood
    • Currently running cattle and goats with an ag exemption in place
    • Fenced and cross‑fenced pasture with two windmills for livestock and wildlife
    • Two water sources: well water plus an additional water well on the property
    • 1890s ranch house beneath two huge live oaks, plus many excellent home sites for custom builds
    • Over 8,400 ft frontage on two county roads with easy access from State Highway 16 or US Highway 84

    Overview

    This ranch property features approximately 850 acres of scenic, rolling pastureland with live oaks throughout. It is currently set up for livestock use with ag exemption in place, running cattle and goats. The land is fenced and cross-fenced, supported by two windmills used for livestock and wildlife, and there is an additional water well on site. A charming old ranch house dating to 1890 sits beneath two huge live oaks, offering character and a foundation for ranch living. With many excellent home sites available, the acreage supports a range of custom-build opportunities while keeping the working ranch layout intact.

    Access is straightforward from State Highway 16 or US Highway 84. The property also offers over 8,400 feet of frontage along two county roads, providing practical entry points for moving equipment and planning future site development.

    For buyers seeking a working ranch that also holds hunting potential, the combination of pasture improvements, fencing, water features, and abundant wildlife creates a strong fit. It may also appeal to investors or families looking for a long-term land asset in the Hill Country with room to build and expand their ranch plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Goldthwaite
    County
    Mills
    State
    Texas
    Longitude
    -98.586844
    Latitude
    31.6136575

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    FAQs

    What type of property is this?
    Ranch - Live oak pastureland with established ag operations, deer presence, and multiple home sites for a custom ranch build.
    Where is this ranch located?
    The property is located at County Road 130 Goldthwaite, TX.
    What is the asking price?
    The asking price for this property is $4,029,792.
    What are key features of this property?
    This property features: Approx. 850‑acre Hill Country ranch with scenic, rolling live oak pastureland near Hamilton and Brownwood; Currently running cattle and goats with an ag exemption in place; Fenced and cross‑fenced pasture with two windmills for livestock and wildlife
    (936) 597-3317
    We can help!
    Listing Contact
    Larry Jacobs
    Larry Jacobs
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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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