Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 King Ranch Rd Gatesville, TX 76528
    Back to Search
    Property profile & analytics

    200 King Ranch Rd, Gatesville, TX 76528

    View on Map
    • Commercial real estate
    • 8,289 SF
    • 21.07 lot acres
    For Sale
    $2,900,000
    View Listing →
    Gatesville Ranch with Disc Golf For Sale
    $2,900,000
    21.07 Acres

    Gatesville Ranch with Disc Golf

    Scenic 21+ acre ranch with cabins and disc golf.

    200 King Ranch Rd, Gatesville, TX 76528
    View Listing
    Property ID
    US82-9181258
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 200 King Ranch Rd

    Lot size
    21.07 lot acres
    Property type
    Commercial real estate

    Description

    Own a remarkable 21.07-acre Texas ranch in Gatesville (Coryell County, zip code 76528) for $5,000,000. This exceptional property, known as L and J Ranch, features 16 buildings, totaling 8,289 square feet, all situated on a single story. Renovated in 2022, the ranch boasts a unique blend of serene landscapes and endless possibilities. The property includes a private pond with a dock, perfect for fishing or relaxation. Recreational opportunities abound with an 18-hole disc golf course designed by John Houck. The existing buildings offer potential for various uses, including a bed-and-breakfast, RV/cabin campground, or an all-inclusive event center. The property's lush greenery provides ample space for expansion or further development. This turnkey operation presents a rare opportunity to acquire a fully functional and beautifully maintained ranch in a desirable Texas location. The property is located at 200 King Ranch Rd, Gatesville, TX. Ownership is currently held by Landy Thomas Jr. and Joyce Thomas. This is a for sale by owner listing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.9505344
    Latitude
    31.3743382

    Comparable in this City

    • New
      $950,000
      73.87 Acres

      Expansive Farm and Ranch Property

      73.87-acre farm and ranch with development potential.
      Tbd Moccasin Bnd Rd, Gatesville, TX 76528
      View Details
    • $450,000
      512 SF

      29 Acres with Stocked Pond

      Central Texas escape with cabin, pond, and usable acreage.
      601 County Road, Gatesville, TX 76528
      View Details
    • $2,900,000
      8,200 SF

      Gatesville Ranch with Disc Golf

      21-acre ranch featuring cabins, pond, and disc golf.
      200 King Ranch Rd, Gatesville, TX 76528
      View Details
    • $2,900,000

      Gatesville Ranch with Disc Golf

      Scenic 21+ acre ranch with cabins and disc golf.
      200 King Ranch Rd, Gatesville, TX 76528
      View Details

    Similar Nearby for Sale

    • New
      $950,000
      73.87 Acres

      Expansive Farm and Ranch Property

      73.87-acre farm and ranch with development potential.
      Tbd Moccasin Bnd Rd, Gatesville, TX 76528
      View Details
    • $450,000
      512 SF

      29 Acres with Stocked Pond

      Central Texas escape with cabin, pond, and usable acreage.
      601 County Road, Gatesville, TX 76528
      View Details
    • $2,900,000

      Gatesville Ranch with Disc Golf

      Scenic 21+ acre ranch with cabins and disc golf.
      200 King Ranch Rd, Gatesville, TX 76528
      View Details
    • $2,900,000
      8,200 SF

      Gatesville Ranch with Disc Golf

      21-acre ranch featuring cabins, pond, and disc golf.
      200 King Ranch Rd, Gatesville, TX 76528
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      850 SF

      Retail Space on Main Street

      Retail space in central location near retail and municipal offices.
      101-103 Highway 36 Byp N, Gatesville, TX 76528
      View Details
    • Contact for pricing
      6,784 SF

      Gatesville Commercial Property for Lease

      Commercial property available for lease in Gatesville, Texas.
      1409 E Main St, Gatesville, TX 76528
      View Details
    • Contact for pricing
      3,072 SF

      Retail Building Near Walmart

      3,072 SF retail building across from Walmart.
      2733 S State Highway 36, Gatesville, TX 76528
      View Details
    View Listing
    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.
    200 King Ranch Rd
    Gatesville, TX 76528
    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
    200 King Ranch Rd, Gatesville, TX, 76528
    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!