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    Lorena Farm/Ranch with Business Potential Title is generated by Realmo AI

    1064 Warren Road, Lorena, TX 76655

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    Claim this Listing
    For Sale
    Under Contract
    $765,000

    Farm/Ranch - Lorena, TX

    Type:Farm
    Property size:
    2,824 SF
    Lot size:
    15.00 Acres
    Price / SF:
    $270/SF
    Added:
    Mar 27, 2026
    Days on Market:
    53
    Last Refresh:
    May 18 at 7:06 am

    Property Features for 1064 Warren Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    2
    Parking features
    Garage, Paved or Surfaced
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Cable Tv Available, Vaulted Ceiling(s), Wet Bar
    Exterior features
    Covered Patio/Porch, Fire Pit, Garden(s), Rain Gutters, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Garbage Disposer
    Standard status
    Active Under Contract
    APN
    142141
    Size
    2,824 SF
    Lot size
    15.00 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air, Multi Units, Window Unit(s)

    Building Details

    Year built
    1978
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Stone, Stone Veneer
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Lindsey Wachsmann

    Listing agent Lindsey Wachsmann License #0642669

    Listing office Bramlett Partners 6850 Austin Center Blvd Ste. 180, Austin, TX

    Listing date Mar 27, 2026

    MLS# 225391 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 15‑acre property in Lorena, Texas, Midway ISD, offering privacy and space
    • 2400 sqft shop with office, bathroom, A/C, and bay door, suitable for business or hobbies
    • 3‑bedroom, 2‑bathroom home with two living areas and a fireplace
    • Includes a metal barn, cattle pen, chicken coop, and horse arena/garden area
    • Features a windmill, double gazebo, and screened back patio for outdoor enjoyment
    • Gated entrance, cross‑fenced land, and separate shop entrance for convenience and security

    Overview

    Located in Lorena, Texas, within Midway ISD, this property spans 15 acres. The property includes a 2,824 square-foot home built in 1978, featuring 3 bedrooms and 2 bathrooms. The home has two living areas, a fireplace, a kitchen that connects to a formal dining space and a breakfast nook. The property includes a 2,400 square-foot shop designed for business use, complete with an office, bathroom, independent septic system, air conditioning, and a bay door. Additional structures include a metal barn, cattle pen, chicken coop, and a horse arena or garden area. A windmill is also located on the property. There is a double gazebo and a screened back patio. The land is cross-fenced and includes an electric gate. The front pasture features seasonal wildflowers. The shop has a separate entrance with a gravel driveway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Law Firm Hotel & Motel Gym & Fitness Center Food Market Storage Facility Pet Grooming Service Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorena
    County
    McLennan
    State
    Texas
    Longitude
    -97.2288511
    Latitude
    31.4375798

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    FAQs

    What type of property is this?
    Farm - 15-acre Lorena property with home, shop, barn, and more.
    Where is this farm located?
    The property is located at 1064 Warren Road Lorena, TX.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: 15‑acre property in Lorena, Texas, Midway ISD, offering privacy and space; 2400 sqft shop with office, bathroom, A/C, and bay door, suitable for business or hobbies; 3‑bedroom, 2‑bathroom home with two living areas and a fireplace
    (254) 722-6951
    We can help!
    Listing Contact
    Lindsey Wachsmann
    Real Estate License ID: 0642669
    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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