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    The Largest CRE Database in the US with Over 1 Million Listings

    4948 Woodlawn Rd Lorena, TX 76655

    Sponsored
    For Sale
    $1,225,000

    Craftsman, Farm/Ranch - Lorena, TX

    Type:Farm
    Property size:
    4,705 SF
    Lot size:
    27.65 Acres
    Days on Market:
    18
    Last Refresh:
    Jan 25 at 6:06 am

    Property Features for 4948 Woodlawn Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    5
    APN
    373177
    Parking features
    Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Double Vanity, Eat-in Kitchen, High Speed Internet Available, In-law Suite Floorplan, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s), Second Primary Bedroom
    Exterior features
    Covered Patio/Porch, Fire Pit, Garden(s), Rain Gutters, Kennel, Private Entrance, Private Yard, Rv/Boat Parking, Other, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Garbage Disposer, Microwave, Oven - Double, Refrigerator
    Size
    4,705 SF
    Lot size
    27.65 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2018
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick, Frame, See Remarks
    Roof type
    Composition
    Architectural style
    Craftsman
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Mary Davis
    Mary Davis

    RE/MAX Legends (254) 947-3361

    Listing agent Mary Davis (254) 947-3361 License #561502

    Listing date Jan 8, 2026

    MLS# 221007 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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

    Lorena Acreage with Custom Home

    Located in Lorena, TX, this property features a 4705 square foot custom-built home constructed in 2018. The residence includes six bedrooms, four and a half bathrooms, featuring two master suites with sitting areas and two Jack and Jill bathrooms. An office equipped with a state-of-the-art security system is present, along with two living areas, two dining areas, and an entertainment bar with ample counter space and cabinets. A built-in computer area with seating for four is available. The home also features a large laundry room with metal storage racks and multiple washer and dryer hookups, plus a spacious storage room workshop. The commercial kitchen is equipped with cabinet pull-outs, a movable island, an eat-in breakfast area, stainless steel appliances including double ovens, dishwasher, and refrigerator. A separate commercial-size refrigerator and freezer are included, along with a walk-in pantry. The main living areas feature crown molding, recessed lights, blinds, and vinyl flooring. The property includes spray foam insulation, gutters, flood lights, two propane tankless water heaters, and two large AC units. Large covered front and back patios, architectural shingles, a gazebo on a cement pad, a firewood holder, and a fire pit are also present. The 27.65-acre lot is fenced and cross-fenced and includes three tanks, a gated driveway, an extra 550-gallon water tank on a cement pad, a leased propane tank for heating hot water, and an extra electric pole. A 1500 square foot barn with water, three stalls, a chute, and a chicken coop is located on the property, along with a separate holding pen and dog kennel. The property has an AG exemption. A concrete pad provides parking for multiple vehicles, with room for RVs, boats, and tractors. Levi Water Corp services the property, which also has a commercial-sized septic system and two electrical boxes with 400 amps. The property is located 5 miles, or 10 minutes, from I-35. The property is suitable for a winery, Airbnb, nursing home, group home, offices, farming, cattle, horses, sheep, goats, or raising dogs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Lorena
    County
    McLennan
    State
    Texas
    Longitude
    -97.1646814
    Latitude
    31.3403692

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    FAQs

    What type of property is this?
    Farm - Spacious home on 27+ acres, ideal for diverse ventures.
    Where is this farm located?
    The property is located at 4948 Woodlawn Rd Lorena, TX.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: - 27.65 Acre Corner Lot with Fencing, Tanks, and AG Exemption: Ideal for various agricultural or commercial uses.; - Custom-Built 4705 sq ft Home (2018) with 6 Bedrooms, Including 2 Master Suites.; - 1500 sq ft Barn with Water, Stalls, Chute, and Chicken Coop: Ready for immediate use.
    (254) 702-0598
    Request Owner's contact information
    4948 Woodlawn Rd Lorena, TX 76655
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    Lorena, TX 76655
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    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
    4948 Woodlawn Rd Lorena, TX 76655
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    We can help!
    Listing Contact
    Mary Davis
    Mary Davis
    Real Estate License ID: 561502
    (254) 702-0598
    Learn more
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