Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hico Land for Residential Development Title is generated by Realmo AI

    Tbd Magnolia/ Chestnut Street, Hico, TX 76457

    View on Map
    Claim this Listing
    New
    For Sale
    Under Contract
    $160,000

    Unimproved Land - Hico, TX

    Type:Unimproved Land
    Lot size:
    8.00 Acres
    Added:
    May 11, 2026
    Days on Market:
    6
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for Tbd Magnolia/ Chestnut Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    APN
    R19862
    Lot size
    8.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Christi Black

    Listing agent Christi Black

    Listing office BLACK REAL ESTATE, LLC 18886 N HWY 281, Hico, TX

    Listing date May 11, 2026

    MLS# 21263266 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

    • Approximately 8 acres of land
    • Located inside city limits of Hico
    • Suitable for a single home site or multiple home sites
    • City utilities available
    • Restricted to City of Hico Restrictions
    • Coordinates provided for easy location

    Overview

    This is approximately 8 acres of land located inside the city limits of Hico, Texas. It is suitable for a single home site or multiple home sites. City utilities are available. The land is subject to City of Hico restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hico
    County
    Hamilton
    State
    Texas
    Longitude
    -98.018774
    Latitude
    31.995925

    Nearby Similar for Sale

    • $669,900
      2,530 SF

      Hico Ranch with Highway Frontage

      15-acre ranch featuring updated home and modern energy efficiency.
      17305 N US Highway 281, Hico, TX 76457
      View Details
    • $359,900

      Hico, TX Stone Building

      Stone building suitable for retail, office, or other business.
      510 N Second Street, Hico, TX 76457
      View Details
    • $1,375,000
      2,763 SF

      Texas Vineyard Estate with Hacienda

      23+ acre vineyard estate with award-winning mid-century modern hacienda.
      25270 State Highway 6, Hico, TX 76457
      View Details
    • $480,000

      Versatile 40-Acre Central Texas Ranch

      40 acres near Hico, TX, ideal for ranching and recreation.
      0000 County Road 119, Hico, TX 76457
      View Details
    • $1,499,000
      2,640 SF

      93 Acres Ranch with Stocked Lake

      93-acre ranch featuring a modern farmhouse and stocked lake.
      1642 County Road 234, Hico, TX 76457
      View Details
    • $845,000

      Commercial Lot in Hico, Texas

      Commercial land with development potential at major highway intersection.
      108 Cedar Street, Hico, TX 76457
      View Details
    • $2,950,000

      Historic Hico Opera House

      Premier retail destination in historic downtown Hico, Texas.
      101 N Elm Street, Hico, TX 76457
      View Details
    • $185,000

      Retail/Office/Food Opportunity in Hico, TX

      Versatile commercial space suitable for retail, office, or food-related businesses.
      600 N Second Street, Hico, TX 76457
      View Details
    • $3,995,000
      2,160 SF

      Erath County Ranch with Amenities

      92-acre ranch in Erath County with barns and modern home.
      24183 S US 281, Hico, TX 76457
      View Details
    • $2,495,000
      2,846 SF

      Erath County Ranch with Airstrip

      102 acre ranch with custom home and grass airstrip.
      2707 County Road 247, Hico, TX 76457
      View Details
    • $325,000

      Income-Producing Cabins in Hico, TX

      Income potential property ideal for event venue or AirBnB.
      724 W First Street, Hico, TX 76457
      View Details
    • $1,250,000

      Texas Ranch with Vineyard Potential

      33.67-acre Texas ranch suitable for estate or commercial development.
      8526 N Fm 1744, Hico, TX 76457
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approximately 8 acres of land suitable for residential development.
    Where is this residential land & home lot located?
    The property is located at Tbd Magnolia/ Chestnut Street Hico, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Approximately 8 acres of land; Located inside city limits of Hico; Suitable for a single home site or multiple home sites
    (254) 796-4178
    We can help!
    Listing Contact
    Christi Black
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Tbd Magnolia/ Chestnut Street, Hico, TX 76457
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!