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Property profile & analytics
OFF-MARKET
Land

389 Acres Hondo, TX 78861

389 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 389-acre commercial property in Medina County, Texas, presents a unique investment opportunity. Located near Hondo, TX, zip code 78861, the land boasts significant features including a water well and electricity, ensuring convenient utility access. A wet weather creek and a stock tank, currently stocked with catfish, provide ample water resources. The property offers county road frontage on two sides, enhancing accessibility. Diverse elevation changes add to the land's character and appeal. The property also includes a starter herd of cattle. Abundant wildlife, including turkey, deer, and quail, makes this land ideal for hunting and ranching pursuits. Adding to its investment potential, the seller retains a portion of the mineral rights, which generated $40,000 in income during 2023. The seller will consider conveying these mineral rights with a suitable offer. This is a remarkable opportunity to own a substantial piece of the Texas Hill Country. The asking price for this expansive property is $2,431,250.

Property profile
Verified
Property type Land
Lot 389 ac (16,944,840 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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