Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    FM 580 E 0123 Lot 23 & 25 Lampasas, TX 76550

    View on Map
    Claim this Listing
    For Sale
    $575,000

    LAND - Lampasas, TX

    Lot size:
    20.71 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 21 at 2:06 am

    Property Features for FM 580 E 0123 Lot 23 & 25

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    152938, 152939
    Lot size
    20.71 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 23 ACR 10.47 ABS:1506 Hilltop Spring Ranch Lot 25 ACR: 10.24 ABS: 1376 Hilltop Spring Ranch 20.71 acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Private, Well

    We can help!

    Listing Contact
    Marina Prieto
    Marina Prieto

    Listing agent Marina Prieto License #0418318

    Listing office Always Here Properties, Llc 907 S Main Street, Copperas Cove, TX

    Listing date Apr 1, 2026

    MLS# 609388 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lampasas Land with Well

    This 20.71-acre property in Lampasas, Texas, features a 420-foot deep well with a well pump and a 2,500-gallon reservoir. A 40' x 10' x 10' shipping container is also located on the premises. The property is situated within a gated HOA, offering privacy with numerous trees and distance from neighbors. The acreage is suitable for building a home or barndo, and for keeping horses or farm animals. There is ample space to install an inground pool and a guest house. Located in a quiet neighborhood, the property provides access to Burnet, Marble Falls, Austin, San Antonio, and surrounding areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.2303
    Latitude
    31.1064

    Nearby Similar for Sale

    • $799,900
      8,440 SF

      Lampasas Flex Space with Bays

      8,440 SF flex space with 8 bays in Lampasas.
      408 S Main Street, Lampasas, TX 76550
      View Details
    • $425,000
      1,071 SF

      Highway 281 Commercial Building

      Move-in-ready commercial building with high visibility on Highway 281.
      1312 N US Highway 281, Lampasas, TX 76550
      View Details
    • $425,000
      1,071 SF

      Highway 281 Commercial Building

      Move-in-ready professional building on Highway 281 in Lampasas, Texas.
      1312 N US Highway 281, Lampasas, TX 76550
      View Details
    • $425,000

      Highway 281 Commercial Building

      Move-in-ready commercial building with high visibility on Highway 281.
      1312 N US HWY 281, Lampasas, TX 76550
      View Details
    • $1,600,000
      20,000 SF

      Lampasas Office Building on Highway

      Two-story office building in high-traffic Lampasas location.
      1305 S Key Avenue, Lampasas, TX 76550
      View Details
    • $425,000

      Lampasas Steel-Framed Commercial Building

      2500 SF steel building on corner lot in Lampasas.
      107 W 10th Street, Lampasas, TX 76550
      View Details
    • $425,000
      2,500 SF

      Lampasas Flex Space with Highway Exposure

      2500 SF flex space with high ceilings and roll-up doors.
      1008 S Walnut Street, Lampasas, TX 76550
      View Details
    • $99,900

      Lampasas Land Investment Opportunity

      Two-acre Lampasas tract near downtown with utilities and nature views.
      E 3rd St., Lampasas, TX 76550
      View Details
    • $99,900

      Lampasas Land with Development Potential

      Two-acre tract in Lampasas, TX, ready for development.
      E 3rd Street, Lampasas, TX 76550
      View Details
    • $99,900

      Lampasas Land For Sale

      Two-acre tract in Lampasas with utilities and nature park views.
      E 3rd St., Lampasas, TX 76550
      View Details
    • $395,000
      2,454 SF

      Lampasas Retail/Office Ready Space

      Well-maintained retail/office space with versatile layout and recent updates.
      611 Central Texas Expressway, Lampasas, TX 76550
      View Details
    • $210,000
      3,515 SF

      Charming Commercial Space in Lampasas

      Versatile commercial property with historic charm and modern potential.
      107 W 5th Street, Lampasas, TX 76550
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 20.71 acres with a deep well and reservoir.
    Where is this agricultural land / farmland located?
    The property is located at FM 580 E 0123 Lot 23 & 25 Lampasas, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: 20.71 acre property; 420' deep well with pump and 2500 gallon reservoir; 40' x 10' x 10' shipping container included
    (254) 289-0672
    We can help!
    Listing Contact
    Marina Prieto
    Marina Prieto
    Real Estate License ID: 0418318
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!