Houston Investors Acquire 658-Acre Tigner Ranch In Fort Bend County For $8.1M
$8,100,000
Building Size
—
Asset Type
Land
Closing
Sep 14, 2023
About this deal
AI
The 658-acre Tigner Ranch in Fort Bend County, located on Miller Road in Rosharon, has been sold to Houston investors for nearly $8.1 million. The property, owned by the Tigner family for 147 years, was listed initially for under $8.9 million. This vast land will continue to be utilized for cattle farming and hay production, with potential plans for future recreational hunting activities.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $8,100,000
- Address: Miller Road
- Market: Rosharon
- Asset Type: Land
- Acres: 658
- Broker: Derek Ham - Ruple Ranch & Land
Derek Ham of Ruple Ranch & Landrepresented the investors in this transaction. The Tigner family's long-held ranch has now changed hands, offering new opportunities for investment and potential future development. Despite selling below its original listing price, the property's value and potential as a cattle ranch and hunting site were recognized by the Houston buyers.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93