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

    255 Colovista Pkwy Bastrop, TX 78602

    Sponsored
    For Sale
    Under Contract
    $84,000

    LAND - Bastrop, TX

    Lot size:
    0.85 Acres
    Days on Market:
    31
    Last Refresh:
    Feb 6 at 11:06 am

    Property Features for 255 Colovista Pkwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    RESIDENTIAL
    Lot size
    0.85 Acres

    We can help!

    Listing Contact
    Dylan Forde
    Dylan Forde

    Real Broker, LLC (214) 202-7615

    Listing agent Dylan Forde (855) 450-0442

    Listing date Jan 7, 2026

    MLS# 1887354 Listing URL

    Copyright © 2026 LERA MLS. 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

    Residential Lot Near Golf Course

    This residential lot, located in the Colovista Country Club, offers an opportunity to build a dream home. The property provides direct access to a small aircraft airport and a golf course. The lot size is 0.854 acres. The location provides convenient access to shopping, dining, and schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Hair Salon Hotel & Motel Nail Salon Department Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.261269
    Latitude
    30.055307

    Nearby Similar for Sale

    • $4,750,000

      93.6 Acres Ranch on Hwy 71

      93.6 acres with rolling hills, live oaks, and pecan trees.
      Bastrop, TX 78057
      View Details
    • $1,360,000

      Multi-Unit Investment Opportunity in Bastrop

      Multiple units for sale in Bastrop, Texas.
      251 Zimmerman Ave, Bastrop, TX 78602
      View Details
    • $2,000,000

      Bastrop Ranch with Panoramic Views

      113-acre cattle ranch with stone home near Bastrop, Texas.
      470 Glass Ln, Bastrop, TX 78602
      View Details
    • $995,000

      Unrestricted Property Near Bastrop

      Unrestricted property with home and shop near fast-growing Bastrop.
      885 Hwy 71 Hwy W, Bastrop, TX 78602
      View Details
    • $475,000

      488 E Kelley Rd, Bastrop, TX 78602

      Farms
      488 E Kelley Rd, Bastrop, TX 78602
      View Details
    • $379,000

      Two Mobile Homes on Acreage

      Two remodeled mobile homes on nearly an acre of land.
      264 Flaming Oak Dr, Bastrop, TX 78602
      View Details
    • $1,325,000

      Highway 71 Property For Sale

      Highway 71 property in Bastrop, TX. Coming Soon.
      1045 Highway 71 W, Bastrop, TX 78602
      View Details
    • $10,944,000

      Bastrop Agricultural Property For Sale

      Agricultural property available for purchase in Bastrop, Texas.
      675 Ponderosa Rd, Bastrop, TX 78602
      View Details
    • $1,325,000

      Bastrop Specialty Property For Sale

      Specialty property available for purchase in Bastrop, Texas.
      1045 State Hwy 71 W, Bastrop, TX 78602
      View Details
    • $1,203,500

      Bastrop Farm on Highway 21

      Farm property available on Highway 21 East in Bastrop.
      983 Highway 21 E, Bastrop, TX 78602
      View Details
    • $1,325,000

      Highway Frontage Property For Sale

      Highway frontage property available for purchase.
      1045 Highway 71 W, Bastrop, TX 78602
      View Details
    • $990,000
      2,133 SF

      Downtown Bastrop Retail Gem

      Historic Charm, Modern Retail Space
      1011 Main St, Bastrop, TX 78602
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot with golf course and airport access.
    Where is this land located?
    The property is located at 255 Colovista Pkwy Bastrop, TX.
    What is the asking price?
    The asking price for this property is $84,000.
    What are key features of this property?
    This property features: - Direct access to a small aircraft airport.; - Direct access to an exquisite golf course.; - Spacious residential lot suitable for building a custom home.
    (830) 391-4270
    Request Owner's contact information
    255 Colovista Pkwy Bastrop, TX 78602
    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.
    255 Colovista Pkwy
    Bastrop, TX 78602
    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
    255 Colovista Pkwy Bastrop, TX 78602
    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
    Dylan Forde
    Dylan Forde
    (830) 391-4270
    Learn more
    Google sign-in failed. Please try again or use another login method.