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$675,000

0000 CR 121, Gainesville, TX, 76240

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

If you are looking for the perfect place to set up a cattle or horse ranch, this is it! Almost 52 acres are quietly tucked off of the main road and down short a private drive, and you will find an oasis of peace and quiet for long summer days and quiet, star filled nights. Part of the property is in a 100 year flood plain, but for cattle and ranching, what a perfect set up! The grass is lush and abundant, and with the low lying areas, you can harvest hay for the winter easily. With more than 80 percent of the property above the flood plain, you can confidently build your dream home and look down on the rolling hills to see your cattle and horses grazing peacefully. No known building restrictions. Just minutes from Highway 82 and still away from all the noise and traffic, you would be hard pressed to find a more perfect retreat from the city. NO SURVEY. Proposed survey is in transaction desk. Seller offers BAC. There is lease near the front of the property with Peterson Oil Company that has light traffic occasionally. The lease has no expiration date and oil and mineral rights do not convey to the Buyer. ALL INFORMATION is deemed reliable but not guaranteed for accuracy. Buyer and buyer's representative to confirm and validate all services, restrictions, and survey prior to close.

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$0Estimated Equity
0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Michele Smith

Lake & Country Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gainesville

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