278 County Road 182
About This Property
A horseman's paradise offering almost 100+ - horse stalls with mare & baby accommodations; high-walled stud stalls all distributed among 5 separate barns of various sizes. The largest barn labeled #2 is where the oversized covered arena is located. This barn features 28 high-walled stud stalls. The large covered arena is the heart of the ranch operation, equipped with built-in roping chute, catch pen and return, with enough space to develop horses in working cow and reining pattern disciplines and events. Two small studio apartments or office options are in Barn #2, along with 2 separate horse wash areas.
Barns #4 & #5 have 52 stalls combined, with large drop-down windows on each side for effective breezeway cooling in the summer and protection during winter. Barn #4 has the workings of the breeding area with small potential lab room at the front. Seven cross-fenced turnout pastures are spread throughout, from the front entrance to the back section behind the hay barn. The large 74+ - acre tract located on the east side of the barns across the creek favors cattle and horses to roam at will with a large tank (pond) that holds water throughout most Texas summers. Native grasses offer feed, and plenty of trees provide shade cover throughout a natural habitat along a seasonal flowing creek, making this ranch a true Texas paradise.
A modest 4 bedroom, 2 bathroom mobile home at the front of the ranch are the living quarters. This is a very unique horse facility which at one time breed many top name equine bloodlines. A wonderful set up which offers family satisfaction to leave lasting memories to the grandkids of the family ranch or capitalize on the business structure laid out on it's 92+ - acres in horse country of Gainesville, Texas!
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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%.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Listed by The Platinum Group RE, LLC | $4,000,000 | |
| Listed by The Platinum Group RE, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017