Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Recreational Hunting and Ag Land Title is generated by Realmo AI

    262.71 Acres FM 1191, Jacksboro, TX 76458

    View on Map
    Claim this Listing
    For Sale
    $1,641,938

    LAND - Jacksboro, TX

    Lot size:
    262.71 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 262.71 Acres FM 1191

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5963
    Lot size
    262.71 Acres

    Taxes and HOA fees

    Tax Description
    AB 785, T.E. & L. Co Survey
    Tax Annual Amount
    363

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Miles Maddox

    Listing agent Miles Maddox License #0606637

    Listing office Maddox Realty Jacksboro, TX

    Listing date Mar 19, 2026

    MLS# 21211980 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

    • Well water on‑site powered by a solar panel
    • Electricity available at the road
    • Working pens along the main interior road
    • Tank batteries and a separator on the property (no production)
    • Surface‑only with Ag Exempt status

    Overview

    This expansive rural tract is well suited for outdoor recreation, hunting, and personal use, with surface-only rights. The property includes electricity at the road and an old line currently on-site that is not active. A water well powered by a solar panel supports onsite water needs, and the interior road is lined with working pens. Equipment infrastructure includes tank batteries and a separator, though there is no production in place. Ag exempt status may appeal to buyers looking for a long-term agricultural-oriented holding.

    Situated in northwest Jack County on FM 1191 just north of Jermyn, the property is surrounded by very large neighbors and is described as having minimal hunting pressure. The setting is characterized as secluded and quiet, providing an atmosphere that supports privacy for recreation or future development.

    For tenants, buyers, or operators seeking a private, self-contained tract for hunting and lifestyle use, the combination of seclusion, working pens, and readily available utilities at the road creates a practical foundation. It may also appeal to those looking to build a residence on the land while maintaining an ag-exempt posture.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Jacksboro
    County
    Jack
    State
    Texas
    Longitude
    -98.1467
    Latitude
    33.301

    Nearby Similar for Sale

    • $1,225,000
      3,774 SF

      Texas Haven on Rolling Acres

      Spacious 4-bedroom home on 18 acres in Jacksboro, TX.
      735 Gresham Lane, Jacksboro, TX 76458
      View Details
    • $939,000

      Four-Unit Downtown Office & Retail

      Leased restaurant and office spaces in a multi-unit downtown property, with two additional units ready for new designs.
      128 N Church Street, Jacksboro, TX 76458
      View Details
    • $1,295,000
      2,584 SF

      Turnkey Ranch with STOL Runways

      70.7-acre ranch with home, shop, ponds, and runways.
      10650 FM 1156, Jacksboro, TX 76458
      View Details
    • $1,150,000
      2,700 SF

      Texas Ranch with Extensive Improvements

      Well-maintained 63-acre ranch featuring multiple residences and outbuildings.
      7203 Pump Station Road, Jacksboro, TX 76458
      View Details
    • $2,154,260

      Commercial Land at Major Intersection

      Over six acres with strong visibility and access, positioned near healthcare, retail, dining, and financial services.
      N Main Street, Jacksboro, TX 76458
      View Details
    • $2,154,260

      Highly Visible Commercial Land Site

      Over six acres of highly visible commercial land at a major Hwy/FM intersection with expansion potential for future development.
      N Main Street, Jacksboro, TX 76458
      View Details
    • $319,950

      Centrally Located Retail-Office Property

      Versatile commercial property near the town square with flexible interior layout and street-level visibility for retail or office use.
      212 N Church Street, Jacksboro, TX 76458
      View Details
    • $3,490,000
      3,652 SF

      Texas Ranch Retreat with Views

      Custom-built ranch on 287 acres with Spanish Mediterranean design.
      2688 FM 2190, Jacksboro, TX 76458
      View Details
    • $179,900

      Historic Downtown Office-Retail Building

      Five private suites, ample front parking, and covered back parking support flexible office or retail use in a historic downtown setting.
      115 E Archer Street, Jacksboro, TX 76458
      View Details
    • $229,000

      Downtown Office Building Opportunity

      Multi-tenant office building with break room, bathrooms, and additional leasable space on the Jacksboro square.
      124 N Church Street, Jacksboro, TX 76458
      View Details
    • $800,000
      1,200 SF

      Texas Ranch with Fenced Acres

      31.84-acre ranch featuring a home, ponds, and trails.
      421 Erwin, Jacksboro, TX 76458
      View Details
    • $4,574,562

      High-Visibility Mixed-Use Land Parcel

      A highly visible land opportunity near key commercial and healthcare amenities, with flexible mixed-use potential.
      N Main Street, Jacksboro, TX 76458
      View Details

    FAQs

    What type of property is this?
    Hunting land - 262-plus acres offering seclusion for hunting and recreation, with water well and electricity available at the road.
    Where is this hunting land located?
    The property is located at 262.71 Acres FM 1191 Jacksboro, TX.
    What is the asking price?
    The asking price for this property is $1,641,938.
    What are key features of this property?
    This property features: Well water on‑site powered by a solar panel; Electricity available at the road; Working pens along the main interior road
    (940) 507-0102
    We can help!
    Listing Contact
    Miles Maddox
    Real Estate License ID: 0606637
    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
    262.71 Acres FM 1191, Jacksboro, TX 76458
    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!