Sign Up Successful!
You now have access to more from Realmo!
    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

    104 Oleander Dr Buchanan Dam, TX 78609

    Sponsored
    For Sale
    $69,500

    LAND - Buchanan Dam, TX

    Lot size:
    0.51 Acres
    Days on Market:
    151
    Last Refresh:
    Feb 20 at 8:06 am

    Property Features for 104 Oleander Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    069780
    Lot size
    0.51 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Wes Campbell

    Venture7 Realty (830) 832-0308

    Listing agent Wes Campbell (830) 832-0308

    Listing date Sep 23, 2025

    MLS# 167568

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Point Tella

    This gently sloped, tree-covered lot is located in the reasonably restricted Point Tella subdivision. The lot size is 0.51 acres. A new excavation for a Property Owners Association (POA) boat launch will assure much improved access to Lake Buchanan during low lake level periods. The property is located in Buchanan Dam, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Department Store Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Buchanan Dam
    County
    Llano
    State
    Texas
    Longitude
    -98.44690627
    Latitude
    30.74151835

    Nearby Similar for Sale

    • $750,000
      1,000 SF

      Lake Buchanan Cottages For Sale

      Income-producing cottages on 3.6 acres near Lake Buchanan.
      3100 Ranch Road 261, Buchanan Dam, TX 78609
      View Details
    • $1,495,000
      11,155 SF

      Lake Buchanan Multifamily Investment Opportunity

      12-unit multifamily property on 2.33 acres near Lake Buchanan.
      930 Hwy 261, Buchanan Dam, TX 78609
      View Details
    • Contact for pricing
      930 SF

      Lake Buchanan View Living Space

      Spacious one-bedroom unit with lake views and covered parking.
      234 Lake Dr, Buchanan Dam, TX 78609
      View Details
    • Contact for pricing

      Lake Buchanan Waterfront Property

      Over 20 acres with 3600+ feet of waterfront.
      18617 E State Highway 29, Buchanan Dam, TX 78609
      View Details
    • $595,000

      Waterfront Property with Development Potential

      3.57 acres with waterfront, pier, and development opportunities.
      8164 Ranch Road 261, Buchanan Dam, TX 78609
      View Details
    • Contact for pricing
      10,640 SF

      Dollar General Investment Opportunity

      NNN single tenant investment opportunity with corporate guarantee.
      10533 W Rr 1431, Buchanan Dam, TX
      View Details
    • $500,000
      480 SF

      310 Cortez Trl

      Commercial real estate
      310 Cortez Trl, Buchanan Dam, TX 78609
      View Details
    • $1,195,000
      8,500 SF

      15615 Tx 29

      Commercial real estate
      15615 Tx 29, Buchanan Dam, TX 78609
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Gently sloped, tree-covered lot with improved lake access.
    Where is this residential land & home lot located?
    The property is located at 104 Oleander Dr Buchanan Dam, TX.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: - Gently sloped, tree-covered lot.; - Located in the Point Tella subdivision.; - New excavation for POA boat launch will improve lake access.
    (830) 832-0308
    Request Owner's contact information
    104 Oleander Dr Buchanan Dam, TX 78609
    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.
    104 Oleander Dr
    Buchanan Dam, TX 78609
    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
    104 Oleander Dr Buchanan Dam, TX 78609
    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

    We can help!
    Listing Contact
    Wes Campbell
    Real Estate License ID: 0243928
    (830) 832-0308
    Learn more
    Google sign-in failed. Please try again or use another login method.