30
Map
TBD Mitchell Road
About This Property
The property currently holds all minerials, an agricultural exemption, helping keep property taxes low while providing flexibility for livestock, hunting or continued agricultural use. Native wildlife is plentiful, making this an excellent opportunity for outdoor enthusiasts looking for hunting land or a peaceful escape in the Texas countryside.
Water is available at the road, giving buyers a head start on future development with the ability to establish a meter and connection. An existing Utility easement and a ingress and egress easement for a neighbor to access their property.
Conveniently located in Kosse, Texas, with access to Groesbeck, Mexia and other surrounding Central Texas communities, this property combines rural living with reasonable proximity to town amenities. The heavily wooded landscape offers multiple potential homesites, allowing you to create your own private ranch, country home or weekend getaway.
Larger acreage tracts with agricultural exemption, water line access and tree coverage are becoming increasingly hard to find in this part of Texas. Whether you're looking to build, invest or enjoy recreational land, this Robertson County property presents a strong opportunity to secure your own piece of Texas land. Mineral Rights will convey with the property.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 1, 2026 | Relisted | $500,000 | |
| Relisted | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by UCRE Heart of Texas Land & Hom | $500,000 | |
| Listed by UCRE Heart of Texas Land & Hom | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017