689 County Road 464
About This Property
The land features productive pasture, wide-open grazing areas, perimeter fencing, and three stock ponds that provide water for livestock and wildlife while enhancing the property's natural beauty. Whether you're seeking a working ranch, hobby farm, or private rural retreat, this property is ready for a variety of agricultural and recreational uses.
Improvements include a spacious barn for equipment, feed, and livestock storage, along with a large shop featuring an interior office that provides workspace for ranch operations, equipment maintenance, business use, or personal projects. The existing infrastructure creates a strong foundation for immediate use and future growth.
Valuable utilities are already in place, including two electric meters, a water meter, a conventional septic system, and three RV hookups. These features provide flexibility for guests, ranch employees, temporary housing, or future expansion while reducing development costs.
Enjoy hunting, fishing, horseback riding, ATV recreation, and the peaceful surroundings of the Central Texas countryside. Conveniently located just minutes from Interstate 35, the property provides easy access to Waco, Temple, Hewitt, Belton, and surrounding communities while maintaining the privacy and tranquility buyers seek in rural Texas property.
Properties with 40 acres, three ponds, fencing, utilities, RV hookups, a barn, shop, and established infrastructure are becoming increasingly difficult to find in today's Central Texas market. This Bruceville-Eddy ranch combines location, functionality, and versatility in one remarkable property.
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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 |
|---|---|---|---|
| Dec 5, 2025 | Listed by UCRE Heart of Texas Land & Home | $765,890 | |
| Listed by UCRE Heart of Texas Land & Home | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017