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

    LOT #1 Old Plum Highway La Grange, TX 78945

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Commercial,Land - La Grange, TX

    Lot size:
    1.10 Acres
    Added:
    Nov 21, 2024
    Days on Market:
    506
    Last Refresh:
    Apr 11 at 5:06 pm

    Property Features for LOT #1 Old Plum Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Carport
    Standard status
    Active
    APN
    31680
    Lot size
    1.10 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Terrell Newton
    Terrell Newton

    Listing agent Terrell Newton License #596956

    Listing office Land Brokers, Inc. 609 E. SH 71, La Grange, TX

    Listing date Nov 21, 2024

    MLS# 149289 Listing URL

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

    Overview

    La Grange Commercial Land Available

    This commercial land is located in La Grange, Texas. The lot size is 1.099 acres. All utilities are in place, ready for development. The property offers easy access to Hwy 71 bypass, business 71 and FM 609. The location is near other major retail brands and chains.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.902779
    Latitude
    29.905274

    Nearby Similar for Sale

    • $399,900
      12,800 SF

      La Grange Storage Units For Sale

      Commercial and residential storage units in La Grange, Texas.
      416 West La Fayette Street, La Grange, TX 78945
      View Details
    • $725,000
      4,091 SF

      La Grange Custom Home on Acreage

      Custom home on 2.43 acres in Fayette County.
      730 Panorama Road, La Grange, TX 78945
      View Details
    • $550,000
      3,744 SF

      La Grange Farm Ranch Property

      Two-story home on 4.53 acres in Willmann Estates.
      2040 W Guenther Lane, La Grange, TX 78945
      View Details
    • $559,000
      2,314 SF

      La Grange Fenced Acreage with Barn

      5-acre property with updated home and barn near La Grange.
      212 Halstedt Road, La Grange, TX 78945
      View Details
    • $449,000
      2,634 SF

      La Grange Town Square Opportunity

      Versatile commercial property in historic La Grange town square.
      227 West Travis Street, La Grange, TX 78945
      View Details
    • $599,000
      2,644 SF

      La Grange Country Estate

      Spacious home on 2.68 acres near La Grange, Texas.
      620 Panorama Road, La Grange, TX 78945
      View Details
    • $485,000
      1,956 SF

      La Grange Home on Acres

      Well-maintained home on 2.21 acres between La Grange and Round Top.
      3342 Forest Hill East Road, La Grange, TX 78945
      View Details
    • $475,000
      3,200 SF

      La Grange Barndominium on Acreage

      Well-maintained barndominium on 9+ acres near La Grange, TX.
      917 Bordovsky Road, La Grange, TX 78945
      View Details
    • $629,999
      2,556 SF

      Historic Restored Manor on Acreage

      Lovingly restored historic manor on 1.23 acres, suitable for B&B.
      Bednar Lane, La Grange, TX 78945
      View Details
    • $699,000
      2,918 SF

      Spacious Home on 15 Acres

      Two-story home on 15 acres near La Grange, Texas.
      414 Giese Lane, La Grange, TX 78945
      View Details
    • $750,000
      3,397 SF

      La Grange Estate on 2.4 Acres

      Spacious 4-bedroom home on 2.4 acres near town.
      601 Country Club Court, La Grange, TX 78945
      View Details
    • $850,000
      2,940 SF

      Unrestricted Land with Comfortable Home

      25 unrestricted acres with home near Austin and Houston.
      7600 Race Track Road, La Grange, TX 78945
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with utilities in place, ready for development.
    Where is this commercial land located?
    The property is located at LOT #1 Old Plum Highway La Grange, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Excellent commercial location near major retail brands and chains; All utilities are in place and ready for development; Easy access to Hwy 71 bypass
    (979) 968-3106
    We can help!
    Listing Contact
    Terrell Newton
    Terrell Newton
    Real Estate License ID: 596956
    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!