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

    2024 Summit Ridge Trl, Unit 81 Johnson City, TX 78636

    Sponsored
    For Sale
    $559,000

    LAND - Johnson City, TX

    Lot size:
    10.23 Acres
    Days on Market:
    93
    Last Refresh:
    Feb 6 at 7:06 pm

    Property Features for 2024 Summit Ridge Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R80748
    Lot size
    10.23 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well, Private
    Water front
    1

    We can help!

    Listing Contact
    Mary Elwell
    Mary Elwell

    The Damron Group REALTORS (512) 392-7653

    Listing agent Mary Elwell (512) 392-7653 License #0679609

    Listing date Nov 6, 2025

    MLS# 592042

    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.

    Learn more

    Property Insight Report

    Overview

    Texas Hill Country Acreage

    This 10.23-acre tract is located in the Summit at Cypress Mill subdivision. The property features views of the Texas Hill Country. Mature oak trees are scattered throughout the lot. A high-producing electric water well, yielding approximately 20 gallons per minute, has been drilled and is powered by underground electric. Underground plumbing supplies water to the homesite and maintains the water level in the stock tank, which is stocked with perch, bass, and catfish. The lake was sealed during construction to ensure it holds water. An additional solar water well is used to keep the concrete water trough filled for wildlife and neighboring animals. Underground electric has been installed at the build site. The property offers sunrises and dark, star-filled night skies. A wildlife exemption (Blackbuck Antelope) is in place for reduced property taxes. The property is located within 15 minutes of Johnson City, Blanco, and Marble Falls, and is an hour's drive to downtown Austin. The property is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Johnson City
    County
    Blanco
    State
    Texas
    Longitude
    -98.333369
    Latitude
    30.360446

    Nearby Similar for Sale

    • $5,995,000
      113.96 Acres

      Highway Frontage Ranch with Development Potential

      113.96-acre ranch with highway frontage, development potential, and natural water features.
      10940 W Us Highway 290, Johnson City, TX 78635
      View Details
    • $1,800,000
      26.00 Acres

      Hye, Texas Wine Corridor Land

      26 acres in the heart of Texas wine country.
      7994 W Us Highway 290, Johnson City, TX 78636
      View Details
    • $625,000
      0.80 Acres

      Versatile Commercial Property Near Downtown

      2,736 sq ft property with expansion potential near downtown.
      404 N Nugent St, Johnson City, TX 78636
      View Details
    • $2,300,000
      1,800 SF

      Established Upscale Bar For Sale

      Turnkey bar with high visibility and expansion potential.
      105 N Us Highway 281, Johnson City, TX 78636
      View Details
    • $890,000
      11.43 Acres

      Johnson City Ranch with Acreage

      11.43 acre ranch featuring a 3 bed, 2 bath home.
      396 Rd 2721, Johnson City, TX 78636
      View Details
    • $1,835,000
      60.00 Acres

      Unrestricted Ranch in Texas Hill Country

      60-acre ranch with main house, barn, apartment, and pond.
      11755 Rd 1323, Johnson City, TX 78636
      View Details
    • $3,695,000
      134.48 Acres

      Texas Hill Country Equestrian Ranch

      134-acre ranch with equestrian amenities and development potential.
      3431 -- Klett Rnch Rd, Johnson City, TX 78636
      View Details
    • $999,000
      10.00 Acres

      Johnson City Acreage Retreat

      10-acre property with main house, guest house, and equestrian facilities.
      2631 N Us Highway 281, Johnson City, TX 78636
      View Details
    • $1,425,000
      1,547 SF

      Highway 290 Commercial Opportunity

      14.55 acres on the 290 Wine Trail near Johnson City.
      214 -- Edmonds Ave, Johnson City, TX 78606
      View Details
    • $1,192,400
      54.20 Acres

      Texas Hill Country Ranch Land

      54-acre ranch in the Texas Hill Country near wineries.
      535 Becker Rd, Johnson City, TX 78636
      View Details
    • $339,000
      10.00 Acres

      10 Acres Near Johnson City

      10 acres with oaks and views near Johnson City, TX.
      2560 -- Towhead Vly Rd, Johnson City, TX 78636
      View Details
    • $299,000
      10.09 Acres

      Johnson City Acreage with Mature Oaks

      10+/- acre ag-exempt property near Johnson City, TX.
      Tbd -- Towhead Vly Rd, Johnson City, TX 78636
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 10.23 acre tract with panoramic views and water well.
    Where is this residential land & home lot located?
    The property is located at 2024 Summit Ridge Trl, Unit 81 Johnson City, TX.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: - Breathtaking 20+ mile panoramic views of the Texas Hill Country on a 10.23-acre tract.; - High-producing electric water well (~20gpm) and underground electric already in place at the build site, offering significant cost savings.; - Large, sealed stock tank stocked with perch, bass, and catfish, maintained by underground plumbing.
    (512) 757-4167
    Request Owner's contact information
    2024 Summit Ridge Trl, Unit 81 Johnson City, TX 78636
    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.
    2024 Summit Ridge Trl, Unit 81
    Johnson City, TX 78636
    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
    2024 Summit Ridge Trl, Unit 81 Johnson City, TX 78636
    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
    Mary Elwell
    Mary Elwell
    Real Estate License ID: 0679609
    (512) 757-4167
    Learn more
    Google sign-in failed. Please try again or use another login method.