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    Historic Independence Property on Acreage Title is generated by Realmo AI

    10415 Mcknight Road, Brenham, TX 77833

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    For Sale
    $340,000

    Residential (farm-ranch),Farm - Brenham, TX

    Type:Farm
    Property size:
    1,020 SF
    Lot size:
    1.04 Acres
    Price / SF:
    $333/SF
    Added:
    Mar 28, 2026
    Days on Market:
    50
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 10415 Mcknight Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Carport, Garage
    Standard status
    Active
    APN
    23379
    Size
    1,020 SF
    Lot size
    1.04 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1840
    Year renovated
    1840
    Floors in Building
    2
    Building materials
    Stone
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Rebecca Cook
    Rebecca Cook

    Listing agent Rebecca Cook License #612073

    Listing office Texas Lone Star Team - Keller Williams Brazos Valley 416 N Park St., Brenham, TX

    Listing date Mar 28, 2026

    MLS# 153600 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.

    HighLights

    • Historic Significance: Built in 1840, this property holds a rich history.
    • Unique Character: Features a rustic stone exterior showcasing original 19th‑century craftsmanship.
    • Modern Living: Thoughtfully adapted as a 2‑bedroom, 2‑bath residence with modern updates.
    • Spacious Lot: Situated on 1+ acre in the heart of Independence, Texas.
    • Includes a carport and a storage room.
    • Versatile Use: Suitable as a private residence, weekend retreat, or historical preservation project.

    Overview

    Located in Independence, Texas, this property, built in 1840, offers a piece of Texas history. Originally the Root & Taylor Store, McKnight Pharmacy, and home to the Milam Masonic Lodge #11, the building carries a legacy of commerce, community, and leadership. Now adapted as a 2-bedroom, 2-bath residence with a carport and storage room, the property combines historic character with modern livability. Situated on 1.04 acres, the property features a rustic stone exterior highlighting original 19th-century craftsmanship, with updates providing comfort and convenience. The property, with a size of 1020 square feet, can be cherished as a private residence, a weekend retreat, or preserved for its historical significance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Department Store Food Market Grocery & Convenience Store Discount Store Cafe & Coffee Shop Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Brenham
    County
    Washington
    State
    Texas
    Longitude
    -96.345465
    Latitude
    30.319595

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    FAQs

    What type of property is this?
    Farm - Rare 1840s property blending history and modern living.
    Where is this farm located?
    The property is located at 10415 Mcknight Road Brenham, TX.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Historic Significance: Built in 1840, this property holds a rich history.; Unique Character: Features a rustic stone exterior showcasing original 19th‑century craftsmanship.; Modern Living: Thoughtfully adapted as a 2‑bedroom, 2‑bath residence with modern updates.
    (979) 251-1784
    We can help!
    Listing Contact
    Rebecca Cook
    Rebecca Cook
    Real Estate License ID: 612073
    Learn More
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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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    10415 Mcknight Road, Brenham, TX 77833
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