1448 County Road 129
About This Property
A new barndominium-style office & shop provides a great headquarters for ranch operations, business use, or additional space. The property also includes a rustic older ranch house that has received several important updates, including new electrical, PEX plumbing, new windows & doors, a metal roof, & a septic system. For equipment, RVs, projects, & storage, there is an impressive 2,500± sq. ft. shop with 220-amp electrical service & an RV hookup, along with a separate equipment barn.
Water is a major asset here. The ranch features 2 water wells reportedly producing 60+ GPM, along with two stock tanks, providing excellent water resources for livestock, wildlife, & ranch use. The property has good soils suitable for planting, offering opportunities for food plots, grazing, crops, or improved pasture. Wildlife is abundant, making this an attractive recreational property with whitetail deer, turkey, quail, dove, & hogs.
The perimeter is enclosed with six-strand barbed-wire fencing, & county road frontage on two sides provides convenient access & added flexibility. Wide-open Texas skies & impressive countryside views add to the appeal, whether you're enjoying an evening at the ranch, hunting in the fall, running livestock, or planning future improvements.
With strong water, multiple shops & barns, a ranch house, hunting, productive land, & extensive road frontage, this property offers a combination that can be difficult to find. It would make an excellent working ranch, recreational retreat, family getaway, or long-term land investment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2026 | Listed by Trinity Ranch Land Cross Plain | $1,600,000 | |
| Listed by Trinity Ranch Land Cross Plain | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017