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    Patrick Davis, Lockhart, TX

    License ID: 0500406
    Years of Experience
    21
    Association
    Four Rivers Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (512) 461-7035

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land

    Performance

    Listings
    17
    Total transactions
    148
    Total transactions amount
    $47M
    Price range
    $125k - 3.4M
    Average price
    $318k

    Listings

    For Sale (15)

    View map
    • $2,302,650
      135.45 Acres

      135 Acres Near Lockhart

      135.45 acres with road frontage, ponds, and trees.
      Fm 671, Luling, TX 78648
      View Details
    • $135,000
      0.56 Acres

      Residential Lot Near Downtown Lockhart

      0.56-acre lot near downtown, spring-fed creek, buildable.
      505 N Commerce St, Lockhart, TX 78644
      View Details
    • $850,000
      26.36 Acres

      26.3 Acres on Highway 183

      26.3 acres with highway frontage near Lockhart, Texas.
      183 Hwy S, Lockhart, TX 78644
      View Details
    • $850,000
      26.36 Acres

      26.3 Acres on Highway 183

      26.3 acres with highway frontage near Lockhart, Texas.
      183 Hwy S, Lockhart, TX 78644
      View Details
    • $776,460
      38.82 Acres

      Kingsbury, TX Homestead Property

      38.823 acres near IH 10 with mature trees.
      Nash Creek Rd, Kingsbury, TX 78638
      View Details
    • $1,962,000
      163.50 Acres

      163.5 Acres Near Lockhart

      163.5 acres near Lockhart with development potential.
      Cunningham Dr, Lockhart, TX 78648
      View Details
    • $1,814,826
      114.14 Acres

      Wooded Acreage Near Austin

      114.14 acres near Austin with owner financing available.
      995 Carter Rd, Dale, TX 78616
      View Details
    • $145,000
      2.50 Acres

      2.5 Acre Tract Near IH 10

      2.5 acre tract near IH 10 and Buc-ee's.
      439 Arrow Ln, Luling, TX 78648
      View Details
    • $150,000
      2.12 Acres

      Luling, TX Land For Sale

      2.12 acre lot with road frontage and city utilities.
      Pierce St, Luling, TX 78648
      View Details
    • $145,000
      0.42 Acres

      Lockhart Lot for Residential Development

      0.415-acre lot in Lockhart with city utilities available.
      1414 5Th St, Lockhart, TX 78644
      View Details
    • $660,000
      60.01 Acres

      60 Acres Wooded Land For Sale

      60-acre wooded property with ponds and utilities near Nixon, TX.
      County Road 171, Nixon, TX 78140
      View Details
    • New
      $170,000
      6.65 Acres

      Harwood, TX 6.65 Acre Land

      6.65-acre parcel near IH-10 and Highway 304.
      956 Johnson Farms Rd, Harwood, TX 78632
      View Details
    • $3,000,000
      27.82 Acres

      Prime Development Land in Maxwell, TX

      27.82 acres with development potential in Caldwell County.
      2143 Fm 1966, Maxwell, TX 78656
      View Details
    • $1,600,000
      72.92 Acres

      72.92 Acres Near SH 130

      72.92 acres near SH 130 and FM 20, Seguin, TX.
      Gravel Pit Rd, Seguin, TX 78155
      View Details
    • $2,302,650

      135 Acres South of Lockhart

      135.45 acres of land with road frontage and ponds.
      000 Fm 671, Luling, TX 78648
      View Details

    For Lease (2)

    View map
    • $4,000 /Mo
      4,320 SF

      Lockhart Warehouse/Distribution Center For Lease

      Warehouse/distribution center with office, breakroom, and dock high bays.
      113 Bufkin Ln, Lockhart, TX 78644
      View Details
    • $4,833 /Mo

      New Commercial Development in Lockhart

      New construction retail, restaurant, and office spaces available for lease.
      1708 W San Antonio St, Lockhart, TX 78644
      View Details

    Leases and Sales on Map

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    • For Lease

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    Patrick Davis, Lockhart, TX
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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