Sign Up Successful!
You now have access to more from Realmo!
    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

    2020 South Knezek Rd Flatonia, TX 78941

    Sponsored
    For Sale
    Pending
    $560,000

    Residential (farm-ranch),Farm,Standard Frame - Flatonia, TX

    Type:Farm
    Property size:
    2,053 SF
    Lot size:
    8.00 Acres
    Days on Market:
    50
    Last Refresh:
    Jan 27 at 4:06 pm

    Property Features for 2020 South Knezek Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Pending
    Vegetation
    Partially Wooded, Wooded
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    25915 &106528
    Parking features
    Carport, Garage
    Pool private
    1
    Exterior features
    Barn(s), Barns, Pool, Partially Wooded, Well
    Fireplace
    1
    Size
    2,053 SF
    Lot size
    8.00 Acres

    Utilities

    Heating system
    Central, Fireplace(s)

    Building Details

    Floors in Building
    2
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Hannah Mica

    Legacy Land Associates (512) 776-1398

    Listing agent Hannah Mica (512) 776-1398 License #477658

    Listing date Dec 9, 2025

    MLS# 152411 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Home on Subdivided Acreage

    This 8-acre property is located in the Praha area. The renovated 2,053 square-foot home includes three bedrooms and two bathrooms. The kitchen, updated in 2020, features granite countertops and custom cabinetry. The primary suite is generously sized. Upstairs, there is a spacious open room. The property includes an in-ground pool, a pergola, and a detached three-car garage with additional storage space. The property is surrounded by oak trees. It can be used as a full-time home, weekend retreat, or short-term rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop Furniture Store Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Flatonia
    County
    Fayette
    State
    Texas
    Longitude
    -97.080284
    Latitude
    29.664991

    Nearby Similar for Sale

    • $270,000
      1,420 SF

      Versatile Commercial Building on Corner Lot

      1400 sq ft building on 0.63 acres in Flatonia, TX.
      1400 Fm 609, Flatonia, TX 78941
      View Details
    • $2,400,000
      1,422 SF

      Flatonia Ranch with Development Potential

      Sprawling ranch with home, workshop, ponds, and development potential.
      6750 Three Mile Rd, Flatonia, TX 78941
      View Details
    • $999,500
      90.10 Acres

      90-Acre Ranch in Fayette County

      Private 90-acre ranch with creek, pond, and abundant wildlife.
      440 Boulton Crk Rd, Flatonia, TX 78949
      View Details
    • $700,000
      2,807 SF

      Flatonia Homestead with Development Potential

      Spacious 10.05-acre property with updated home and city utilities.
      1226 S 90, Flatonia, TX 78941
      View Details
    • $900,000
      5,936 SF

      Versatile Commercial Property Near I-10

      5.26-acre mixed-use property with metal building and highway commercial zoning.
      1426 Slaughter House Rd, Flatonia, TX 78941
      View Details
    • $900,000
      5,936 SF

      Mixed-Use Commercial Property, Flatonia, TX

      5.26-acre commercial property with versatile building and I-10 access.
      1426 Slaughter House Rd, Flatonia, TX 78941
      View Details
    • $260,000
      1,420 SF

      Versatile Commercial Building on Corner Lot

      1420 sq ft commercial building on 0.63-acre corner lot.
      1400 Farm To Market Rd 609, Flatonia, TX 78941
      View Details
    • $1,299,000

      Highway 95 Gas Station/Store

      Gas station and convenience store on Highway 95 North.
      1217 State Highway 95, Flatonia, TX 78941
      View Details
    • $623,000

      Flatonia Farmhouse on 21 Acres

      Charming updated farmhouse with workshop on 21 acres.
      3814 Maeker Rd, Flatonia, TX 78941
      View Details
    • $2,500,000

      Ranch Compound with Guest Casita

      Immaculate ranch property featuring a serene pond and historic oak trees.
      2410 Fm-1680, Flatonia, TX 78941
      View Details
    • $760,500

      38.69 Acres Recreational Land

      38.69 acres with water features and recreational potential.
      1250 Ladewig Ln, Flatonia, TX 78956
      View Details
    • $849,999

      Spacious Fayette County Acreage

      50.5 acres with solid home and pole barn.
      4410 Farm To Market 1115, Flatonia, TX 78959
      View Details

    FAQs

    What type of property is this?
    Farm - 8-acre property with renovated 3-bedroom home and in-ground pool.
    Where is this farm located?
    The property is located at 2020 South Knezek Rd Flatonia, TX.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: - 8+/- acre property in Praha, offering peaceful country living.; - Renovated 3-bedroom, 2-bath home with 2,053 sq ft of living space.; - **Updated kitchen features granite countertops and custom cabinetry.**
    (512) 776-1398
    Request Owner's contact information
    2020 South Knezek Rd Flatonia, TX 78941
    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.
    2020 South Knezek Rd
    Flatonia, TX 78941
    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
    2020 South Knezek Rd Flatonia, TX 78941
    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
    Hannah Mica
    Real Estate License ID: 477658
    (512) 776-1398
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.