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

    12987 S State Highway 16 Llano, TX 78643

    Sponsored
    For Sale
    $3,700,000

    Acreage, Farm & Ranch, Ranch Land,Other-See Remarks - Llano, TX

    Type:Farm
    Lot size:
    125.74 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 1 at 3:06 pm

    Property Features for 12987 S State Highway 16

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    None
    Exterior features
    Barn, Barndominium, Greenhouse, House, Portable Building, Workshop
    Lot size
    125.74 Acres

    Building Details

    Architectural style
    Ranch
    Additional Structures
    Barn(s), Greenhouse, Workshop

    We can help!

    Listing Contact
    Kathy Beckham
    Kathy Beckham

    RE/Max-Llano (325) 247-5776

    Listing agent Kathy Beckham (325) 247-5776

    Listing date Feb 25, 2026

    MLS# 101806 Listing URL

    Copyright © 2026 Central Hill Country 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.

    Learn more

    Property Insight Report

    Overview

    Llano Ranch with Historic Charm

    This 125-acre ranch features a combination of bottom land carved by wet weather creeks and rugged hills and valleys with granite outcrops. The property offers views of the Texas Hill Country and hunting opportunities. The ranch includes a spacious home with a wrap-around porch surrounded by pecan trees. A large metal barn features a 1/1 apartment, washer and dryer, shop area, and storage. Additional structures include a greenhouse, high-fenced garden, a small storage shed, and purple martin houses. The ranch is located in the Oxford area on Hwy 16, approximately 11 miles south of Llano and 29 miles north of Fredericksburg.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Llano
    County
    Llano
    State
    Texas
    Longitude
    -98.703431575388
    Latitude
    30.585270816568

    Nearby Similar for Sale

    • $399,900
      1.00 Acre

      Llano Retail Property on Highway

      Spacious metal building with highway exposure and ample parking.
      1202 Bessemer Ave, Llano, TX 78643
      View Details
    • $317,000
      0.22 Acres

      Commercial Property with Theater Seating

      Versatile commercial property in Llano, TX, move-in ready.
      305 W Dallas St, Llano, TX 78643
      View Details
    • $399,900
      0.06 Acres

      Retail Space on City Square

      Prime retail location in Llano, Texas, with storefront display.
      103 W Main St, Llano, TX 78643
      View Details
    • $1,500,000
      14,374 SF

      Versatile Commercial Building in Llano

      14,374 SF insulated building with loading docks and storage.
      1208 State Highway 29 E, Llano, TX 78643
      View Details
    • $599,000
      5,000 SF

      Highway Frontage Commercial Building

      Commercial building with high traffic, multiple uses, and income potential.
      304A W Young St, Llano, TX 78643
      View Details
    • $249,900
      0.27 Acres

      Llano Commercial Property For Sale

      Commercial property on a high-traffic corner lot in Llano, TX.
      1010 N Bessemer Ave, Llano, TX 78643
      View Details
    • $579,000
      0.40 Acres

      Commercial Property on Bustling Highway

      Prime location with two distinct business opportunities in one structure.
      1006 Ford St, Llano, TX 78643
      View Details
    • $899,900
      65.42 Acres

      Llano County Ranch with Views

      Scenic 65+ acre ranch with creek, well, and electricity.
      000 N County Road 402, Llano, TX 78643
      View Details
    • $4,250,000
      278.00 Acres

      Llano Ranch with High Vista

      278-acre Llano ranch featuring diverse wildlife and breathtaking views.
      111 County Road 113, Llano, TX 78643
      View Details
    • $1,175,000
      29.17 Acres

      Llano Ranch with Barndominium

      29.17-acre ranch featuring a barndominium, horse barn, and lush pastures.
      5830 N State Highway 16, Llano, TX 78643
      View Details
    • $350,000
      1,200 SF

      Llano Commercial Property on Highway

      Prime commercial property with storage units and development potential.
      1106 Bessemer Ave, Llano, TX 78643
      View Details
    • $651,750
      59.25 Acres

      Llano Ranch Land with Views

      60-acre Llano ranch with water well, views, and road frontage.
      6304 Rd 110, Llano, TX 78643
      View Details

    FAQs

    What type of property is this?
    Ranch - Spacious home, barn with apartment, and scenic Texas Hill Country.
    Where is this ranch located?
    The property is located at 12987 S State Highway 16 Llano, TX.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - Spacious home with wrap-around porch and mature pecan trees.; - 125-acre ranch with diverse terrain: bottom land, creeks, hills, and granite outcrops.; - Large metal barn with 1/1 apartment, washer/dryer, and shop area.
    (325) 423-0252
    Request Owner's contact information
    12987 S State Highway 16 Llano, TX 78643
    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.
    12987 S State Highway 16
    Llano, TX 78643
    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
    12987 S State Highway 16 Llano, TX 78643
    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
    Kathy Beckham
    Kathy Beckham
    Real Estate License ID: 0490231
    (325) 423-0252 (325) 247-5776
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!