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

    113 Hannah Road unit A Smithville, TX 78957

    View on Map
    For Sale
    $349,900

    LAND - Smithville, TX

    Lot size:
    2.32 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    170
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 113 Hannah Road unit A

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    46753
    Lot size
    2.32 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    S7835 - SOUTH NINETYFIVE, LOT 5, ACRES 2.317
    TaxAnnualAmount
    1233

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Erica Thompson
    Erica Thompson

    Listing agent Erica Thompson License #0722704

    Listing office All City Real Estate PO Box 170524, Austin, TX

    Listing date Oct 13, 2025

    MLS# 595227

    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

    Prime Corner Lot with Highway Frontage

    This 2.317-acre corner lot offers highway frontage and is located close to downtown Smithville, Texas. The property includes existing utilities, featuring two electric meters, two water meters, and two septic systems. The site presents multiple possibilities for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Hotel & Motel Bed & Breakfast Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithville
    County
    Bastrop
    State
    Texas
    Longitude
    -97.1696581
    Latitude
    29.9721812

    Nearby Similar for Sale

    • $625,000
      10,510 SF

      Smithville Commercial Redevelopment Opportunity

      Redevelopment opportunity in Smithville's Central Business District.
      202 NE 2nd Street, Smithville, TX 78957
      View Details
    • $400,000
      10,800 SF

      Historic Pines Hotel in Smithville

      Historic 10,800 SF Pines Hotel in Smithville, Texas for sale.
      111 NE 2nd Street, Smithville, TX 78957
      View Details
    • $400,000
      1,968 SF

      Historic Cafe in Smithville, TX

      Historic cafe in Smithville's Commercial Historic District, zoned CBD.
      109 NE 2nd Street, Smithville, TX 78957
      View Details
    • $400,000
      2,525 SF

      Smithville Commercial Property on Main

      Restaurant/bar opportunity in Smithville's Central Business District.
      303 Main Street, Smithville, TX 78957
      View Details
    • $495,000
      2,538 SF

      Mixed-Use Building on Main Street

      Office spaces and apartment in a prime location.
      312 Main Street, Smithville, TX 78957
      View Details
    • $410,000
      1,212 SF

      Farm Ranch in Smithville, TX

      Inviting 2-bedroom home on 6.75 acres near Smithville.
      174 Easley Road, Smithville, TX 78957
      View Details
    • $625,000
      10,510 SF

      Redevelopment Opportunity Near Main Street

      Mixed-use redevelopment opportunity in Smithville's Central Business District.
      202 NE 2nd ST, Smithville, TX 78957
      View Details
    • $173,915

      Secluded Land in Smithville, TX

      4.969 acres of secluded land with utilities available.
      Hudson Road lot: 4, Smithville, TX 78957
      View Details
    • $102,000

      Spacious Lots in Indian Lake

      0.73 acres in Smithville with lake access and amenities.
      117 Caddo, Smithville, TX 78957
      View Details
    • $79,500

      Colorado River Waterfront Recreational Lot

      0.17-acre riverfront lot with direct access to Colorado River.
      TBD North Kirtley Road, Smithville, TX 78957
      View Details
    • $750,000
      1,987 SF

      Luxury Living Near Downtown Smithville

      1.7-acre property with pool, detached garage, and treehouse.
      194 2-Mile Lane, Smithville, TX 78957
      View Details
    • $310,000

      Smithville Land with Development Potential

      12+ acre lot near Smithville, TX with development potential.
      Tbd Davis Road, Smithville, TX 78957
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.3 acre corner lot near downtown Smithville with utilities.
    Where is this commercial land located?
    The property is located at 113 Hannah Road unit A Smithville, TX.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Large 2.3 acre corner lot.; Highway frontage.; Close proximity to downtown Smithville, TX.
    (512) 878-3766
    We can help!
    Listing Contact
    Erica Thompson
    Erica Thompson
    Real Estate License ID: 0722704
    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!