15796 Chapel Road
About This Property
Opportunities like this are rare in Lorena.
Spanning approximately 100± acres of prime Central Texas land, this exceptional ranch offers scale, functionality, and long-term value. Whether you envision a working cattle operation, equestrian property, private family compound, or income-producing investment, this land delivers.
Property features **two well-maintained homes**, ideal for multigenerational living, guest quarters, ranch management housing, or rental income. The layout allows for privacy while keeping everything connected to the heart of the ranch.
Designed for productivity, the land is cattle-ready and fully suited for horses or livestock. A substantial barn and workshop provide ample space for equipment, storage, or projects. Covered parking adds convenience and protection for vehicles and ranch tools.
Multiple tanks and a seasonal creek enhance both the beauty and function of the property, supporting livestock and wildlife while adding natural character. Mature trees frame portions of the land, creating shaded areas and picturesque building sites, while open pastures offer usable acreage and grazing potential.
Located in highly sought-after Lorena, Texas, with convenient access to Waco and I-35, this property combines rural privacy with accessibility - a rare and valuable combination.
This is more than acreage.
It is independence, investment, and legacy - all in one remarkable ranch offering.
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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 |
|---|---|---|---|
| Mar 2, 2026 | No longer available | - | |
| No longer available | |||
| Mar 2, 2026 | Listed by Graceland Real Estate | $2,700,000 | |
| Listed by Graceland Real Estate | |||
| Jun 30, 2025 | Listed by Graceland Real Estate | $4,500,000 | |
| Listed by Graceland Real Estate | |||
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Expansive 124+ Acre Ranch Retreat with 3 Homes, Horse Facilities, Shop, and 4 tanks plus seasonal creek.
Welcome to your dream ranch – over 124 acres of scenic Texas countryside offering endless possibilities! This rare property features three well-maintained homes, perfect for multigenerational living, rental income, or guest accommodations.
Cattle ranch ready for your cattle, horses or livestock, along with a spacious workshop ideal for equipment, projects, or storage. Enjoy the beauty and functionality of multiple tanks, a seasonal creek, and wide-open pastures that provide both peace and productivity.
Whether you're looking for a working ranch, a private getaway, or a place to build your legacy, this remarkable property blends natural beauty, privacy, and versatility in one extraordinary package.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017