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

    1906 Lot 11 Woodford Court lot 11 Salado, TX 76571

    View on Map
    For Sale
    $399,000

    LAND - Salado, TX

    Lot size:
    3.74 Acres
    Added:
    Apr 3, 2025
    Days on Market:
    364
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for 1906 Lot 11 Woodford Court lot 11

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    514891 Lot 11
    Lot size
    3.74 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    TBD Lot 11 - A0510BC G F LANKFORD, 60, ACRES 55.017

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Ryan Hodge
    Ryan Hodge

    Listing agent Ryan Hodge License #0470284

    Listing office First Texas Brokerage Company PO Box 297, TX

    Listing date Apr 3, 2025

    MLS# 574444

    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

    Acreage Lot in Salado, TX

    Located in Salado, Texas, this 3.737-acre lot is part of the Woodford development. This lot is intended for the construction of a custom home. The property is one of 12 acreage tracts within an exclusive enclave. Development restrictions, including builder restrictions, are in place to create luxury estates. The property is surrounded by mature live oak trees and other hardwoods. It is located within golf cart range of main street amenities and minutes from I-35.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Salado
    County
    Bell
    State
    Texas
    Longitude
    -97.5558
    Latitude
    30.9273

    Nearby Similar for Sale

    • $1,500,000
      2,800 SF

      Salado Commercial Opportunity For Sale

      Commercial property in Salado with house and two barns.
      1039 Fm 2268, Salado, TX 76571
      View Details
    • $900,000
      446,925 SF

      Commercial Acreage on FM 2484

      10.26+- Acres on high traffic FM 2484 near IH-35.
      5542 Fm 2484, Salado, TX 76571
      View Details
    • $900,000
      2,080 SF

      Commercial Acreage on FM 2484

      10.26+- Acres on high traffic FM 2484 near IH-35.
      5542 Fm 2484, Salado, TX 76571
      View Details
    • $450,000

      Salado, TX Homesite Acreage

      5+ acre homesite in Salado, build your dream home.
      2682 Royal Street, Salado, TX 76571
      View Details
    • $699,900

      Versatile 30-Acre Land in Salado

      30 acres in Central Texas with utilities and tax advantages.
      16350 Cedar Valley Road, Salado, TX 76571
      View Details
    • $350,000
      5,000 SF

      New Hangar with Customizable Space

      New hangar with unfinished space in Salado Airport Airpark.
      15850 Salado Airport Road, Salado, TX 76571
      View Details
    • $249,000

      Salado, TX Acreage Homesite

      2.29-acre homesite near Salado, Texas, for custom home.
      Royal Street, Salado, TX 76571
      View Details
    • $3,900,000

      167 Acre Ranch Near Salado

      Ranch property with diverse terrain and development potential.
      20949 Firefly Road, Salado, TX 76571
      View Details
    • $169,900

      Salado, Texas Land Opportunity

      2.64 acres in Salado ISD, build your dream home.
      8390 Mountain Drive lot: 4A, Salado, TX 76571
      View Details
    • $912,000

      32 Acres Wooded Land Salado

      32 acres of wooded land with excellent views.
      7520 Fm-2843, Salado, TX 76571
      View Details
    • $500,000
      1,260 SF

      Commercial Buildings in Historic Salado

      Two tenant-occupied commercial buildings on Royal Street in Salado, Texas.
      112 Royal Street, Salado, TX 76571
      View Details
    • $205,000

      Salado, TX Land Opportunity

      2.63 acres in Hidden Springs with creek frontage.
      1218 E Creekview Drive lot: 60, Salado, TX 76571
      View Details

    FAQs

    What type of property is this?
    Land - Acreage lot for custom home in Salado, Texas.
    Where is this land located?
    The property is located at 1906 Lot 11 Woodford Court lot 11 Salado, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Acreage lots in Salado, offering spaciousness and privacy.; Exclusive enclave of only 12 tracts, ensuring a limited and desirable community.; Proximity to Salado's main street amenities via golf cart.
    (254) 947-5577
    We can help!
    Listing Contact
    Ryan Hodge
    Ryan Hodge
    Real Estate License ID: 0470284
    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!