Technical
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Property profile

1875 Co Rd Purmela, TX 76566

OFF-MARKET
Land
158.03 ac lot
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Property summary

AI-generated overview

This turnkey 158-acre ranch in Coryell County, Texas, presents a unique opportunity. The property boasts a 3-bedroom, 3.5-bathroom home built in 2001, featuring an open floor plan and an upstairs loft suitable for a fourth bedroom. Additional living space could be created by converting the existing workout room into a guesthouse. The property includes a substantial main shop with solar panels, a 360 sq ft air-conditioned apartment/room with a half-bath, and ample RV storage. A deer-proof fenced garden area is conveniently located adjacent to the shop. Two newer equipment storage lean-tos provide additional covered space. The property features extensive fencing, including newer 6-strain barb wire on the south and east sides, 10-strain barb wire on the west, and 7-strain on the north and county road sides. Two working water wells and an older well/windmill are also present. The land itself offers a good mix of cattle grazing pastures and wildlife habitat, including a half-acre deep pond, two additional ponds, and a wet weather creek. Abundant wildlife includes whitetail deer, doves, and turkeys. The property is located at 1875 Co Rd 100, Purmela, TX 76566, and is zoned rural. The asking price is $2,466,000.

Property profile

Verified
Property type Land
Lot 158.03 ac (6,883,787 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1875 Co Rd Purmela, TX 76566
Purmela metro
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Value estimations

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Owner & transaction history

Comparables

3 recent transactions · within 1.5 mi
Comparable in this city
3 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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