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

    TBD 20 Acres CR 186, Gorman, TX 76454

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Gorman, TX

    Lot size:
    20.00 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    73
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for TBD 20 Acres CR 186

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Active
    APN
    4137 (part)
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Description
    A01066 HOUSTON, JOHN H

    We can help!

    Listing Contact
    Byrl Cogburn

    Listing agent Byrl Cogburn License #0405786

    Listing office Cogburn Real Estate De Leon, TX

    Listing date Mar 25, 2026

    MLS# 21218395 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

    • 20 wooded acres (to be surveyed), to be surveyed as an even 20 acres out of a larger tract
    • Nice stock pond on the property
    • Currently fenced on 3 sides; north boundary fence will be needed
    • Wildlife noted: deer, turkey, and other wildlife
    • Deer stand not included

    Overview

    This recreational hunting property features approximately 20 wooded acres (to be surveyed) with a nice stock pond and plentiful deer, turkey, and other wildlife. The land is currently fenced on three sides, and a fence will be needed on the north boundary to complete the perimeter. A deer stand is not included.

    The property is being offered as an even 20 acres cut from a larger tract, with boundaries expected to closely follow the lines shown in the photos. It is described as remotely located, making it well suited for a private hunting or weekend escape.

    For buyers seeking an off-the-grid style hunting retreat, this parcel offers a mix of cover and water that supports year-round game activity. The established fencing on three sides can help reduce setup time, while the north boundary fencing requirement offers a clear next step for completing the enclosure. With surveying planned to confirm the final acreage, it provides a straightforward path to securing a dedicated tract for recreation and wildlife management.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Gorman
    County
    Eastland
    State
    Texas
    Longitude
    -98.737
    Latitude
    32.2385

    Nearby Similar for Sale

    • $659,556

      Agricultural Land with Water Wells

      Gently rolling land with established Coastal Bermuda grass and five water wells, ready for cattle or horse operations.
      2966 Highway 679, Gorman, TX 76454
      View Details
    • $175,000

      Mixed-Use Restaurant Building

      Restaurant, bar, and flexible upper rooms make this an attractive turn-key opportunity in downtown Gorman.
      107 N Kent Street, Gorman, TX 76454
      View Details
    • $75,000

      Flex Space with Two Buildings

      Two-building flex property with open main space and kitchenette plus metal outbuilding for storage or workshop.
      107 Briscoe, Gorman, TX 76454
      View Details
    • $310,830

      23.9 Acres of Pasture Land

      Vacant pasture land with utilities and mature trees.
      County Rd 389, Gorman, TX 76444
      View Details
    • $200,000

      Rural Ranch with Native Pasture

      16-acre rural tract with native pasture and natural tree cover for grazing, hunting, and potential homesites.
      16 Acres TBD FM 571, Gorman, TX 76454
      View Details
    • $145,000

      Recreational Farmland with Pond

      A 16-acre mix of open pasture, native brush, and a freshwater pond for recreation, homesite, or agriculture.
      454 County Road 196, Gorman, TX 76454
      View Details
    • $175,000
      10,005 SF

      Historic Gorman Restaurant and Event

      Restaurant, bar, event center, and potential living space.
      107 N Kent Street, Gorman, TX 76454
      View Details
    • $28,500

      Cleared Land Ready For Construction

      0.766-acre lot in Gorman, TX, ready for new construction.
      428 W Roberts Street, Gorman, TX 76454
      View Details

    FAQs

    What type of property is this?
    Hunting land - Wooded 20-acre hunting getaway with a stock pond and abundant local wildlife, fenced on three sides.
    Where is this hunting land located?
    The property is located at TBD 20 Acres CR 186 Gorman, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 20 wooded acres (to be surveyed), to be surveyed as an even 20 acres out of a larger tract; Nice stock pond on the property; Currently fenced on 3 sides; north boundary fence will be needed
    (254) 734-5974
    We can help!
    Listing Contact
    Byrl Cogburn
    Real Estate License ID: 0405786
    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 20 Acres CR 186, Gorman, TX 76454
    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!