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    Farm and Hunting Land with Road Frontage Title is generated by Realmo AI

    HCR 3430, Bynum, TX 76631

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    Claim this Listing
    For Sale
    $400,000

    LAND - Bynum, TX

    Lot size:
    39.64 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    124
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for HCR 3430

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Brush, Crops
    Standard status
    Active
    APN
    122408
    Lot size
    39.64 Acres

    Taxes and HOA fees

    Tax Description
    C SCHNIEDER A-872 TR 4 37.64 AC
    Tax Annual Amount
    63

    We can help!

    Listing Contact
    Chrisi Degner-Cordell

    Listing agent Chrisi Degner-Cordell License #0683016

    Listing office Lehmann Real Estate Hillsboro, TX

    Listing date Jan 30, 2026

    MLS# 21165686 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

    • 39.64‑acre farm with 925 ft of county road frontage
    • Includes a 2‑acre northern lot with three wooden barns and seven pecan trees
    • 17 acres currently in cultivation plus hay ground ready for baling
    • Electric pole for contractors already in place
    • Currently under Agricultural Exemption; seller will retain mineral rights

    Overview

    This 39.64-acre farm property offers a mix of improvements and production-ready acreage. Along the northern edge, a 2-acre portion includes three sturdy wooden barns and seven pecan trees, giving the site both character and practical utility. The remainder of the land is set up for flexible use, featuring 17 acres currently in cultivation and additional hay ground ready for baling. An electric pole for contractors is already in place, which can support future development needs. The property is currently under agricultural exemption, and the seller will retain mineral rights.

    The property benefits from approximately 925 feet of county road frontage, providing visibility and convenient access for a range of ownership goals. Located near Bynum in Hill County, the acreage is well-suited for buyers seeking private space for recreation, including a potential hunting retreat, while still maintaining agricultural value.

    With cultivated ground and hay acreage already established, this property fits buyers who want both lifestyle and working land. The combination of barns, mature pecan trees, and long road frontage can appeal to operators looking for an easy-to-manage rural base, as well as investors or individuals planning a longer-term development or improvement strategy. If you’re evaluating land for farming, hay production, or seasonal recreation, this is a compelling, ready-to-use option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Bynum
    County
    Hill
    State
    Texas
    Longitude
    -96.9703
    Latitude
    31.989

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    FAQs

    What type of property is this?
    Farm - Versatile Hill County acreage with barns, pecan trees, cultivation and hay ground plus strong county road access.
    Where is this farm located?
    The property is located at HCR 3430 Bynum, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 39.64‑acre farm with 925 ft of county road frontage; Includes a 2‑acre northern lot with three wooden barns and seven pecan trees; 17 acres currently in cultivation plus hay ground ready for baling
    (254) 582-2587
    We can help!
    Listing Contact
    Chrisi Degner-Cordell
    Real Estate License ID: 0683016
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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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