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Ruple Ranch & Land brokers ...

Updated Dec 4, 2024

Houston Investors Acquire 658-Acre Tigner Ranch In Fort Bend County For $8.1M
SOLDLand

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

Derek Ham

Ruple Ranch & Land

Broker

$8.1M

vol

1 deal

Broker

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

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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

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