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

    5688 Falke-Heinrich Rd Schulenburg, TX 78956

    Sponsored
    For Sale
    Pending
    $599,000

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

    Type:Farm
    Property size:
    2,464 SF
    Lot size:
    6.34 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 30 at 8:06 am

    Property Features for 5688 Falke-Heinrich Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    a portion of 43383
    Parking features
    Carport, Garage
    Exterior features
    Pens, Well
    Size
    2,464 SF
    Lot size
    6.34 Acres

    Utilities

    Heating system
    Central

    Building Details

    Floors in Building
    2
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Tanya Schindler

    South Central Real Estate Flatonia: 361-865-2563 Schulenburg: 979-743-3465

    Listing agent Tanya Schindler Flatonia:3618652563Schulenburg:9797433465 License #510632

    Listing date Jan 22, 2026

    MLS# 152896 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

    Overview

    Remodeled Home on Scenic Acreage

    Located just outside Schulenburg, Texas, this property features a remodeled 2,464 square-foot home situated on 6.344 acres. The home, set on a pier and beam foundation, offers panoramic views from one of the highest elevations in Fayette County. The first floor includes a primary bedroom suite with dual sinks, two closets, and a walk-in shower. The open-concept great room connects the kitchen, dining, and living areas. A large laundry room with sink and cabinetry, a full bathroom with shower, and a butler's pantry are also located downstairs. Luxury vinyl plank flooring is installed throughout the main floor, and on-demand water heaters provide efficient comfort. Upstairs, there are three carpeted bedrooms, a full bathroom, a second laundry room, and one bedroom with a private half bath. Generous closet space is available throughout the home. Outside, a wooden deck is located on the side of the house, and concrete pathways lead to a detached two-car garage with additional storage space. The property includes an outbuilding previously used for livestock, suitable for animals, a workshop, or future projects. The front porch offers views of the surrounding nature. More acreage is available.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Schulenburg
    County
    Fayette
    State
    Texas
    Longitude
    -96.922891
    Latitude
    29.761748

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    FAQs

    What type of property is this?
    Farm - Remodeled home on 6.344 acres near Schulenburg, Texas.
    Where is this farm located?
    The property is located at 5688 Falke-Heinrich Rd Schulenburg, TX.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Enjoy panoramic views from one of the highest elevations in Fayette County on a 6.344-acre property.; - Spacious, remodeled 2464 sq ft home with open-concept living areas, ideal for entertaining.; - Primary bedroom suite on the main floor features dual sinks, two closets, and a walk-in shower.
    (922) 337-2036
    Request Owner's contact information
    5688 Falke-Heinrich Rd Schulenburg, TX 78956
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    Schulenburg, TX 78956
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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
    5688 Falke-Heinrich Rd Schulenburg, TX 78956
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    We can help!
    Listing Contact
    Tanya Schindler
    Real Estate License ID: 510632
    (922) 337-2036
    Learn more
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