Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lampasas Vacant Land Opportunity Title is generated by Realmo AI

    705 S Howe Trace, Lampasas, TX 76550

    View on Map
    Claim this Listing
    New
    For Sale
    $85,999

    Unimproved Land - Lampasas, TX

    Type:Unimproved Land
    Lot size:
    3.28 Acres
    Added:
    May 20, 2026
    Days on Market:
    4
    Last Refresh:
    May 23 at 11:06 pm

    Property Features for 705 S Howe Trace

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    11073
    Lot size
    3.28 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joel Hinckley

    Listing agent Joel Hinckley License #0727817

    Listing office PlatLabs, LLC 30005 Ladyface Court, Heber City, TX

    Listing date May 20, 2026

    MLS# 21250276 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.

    HighLights

    • Large 3.28‑acre vacant lot offers a spacious, rural feel.
    • Mostly flat and open terrain suitable for building.
    • No HOA provides flexibility for custom development.
    • Public utilities are available.
    • Quiet residential area with nearby homes.
    • Conveniently located near local roads and Lampasas amenities.

    Overview

    This 3.28-acre vacant lot is located in Lampasas, TX. The property features mostly flat and open terrain, enhanced by a few scattered trees that provide natural character and shade. Situated in a quiet residential area with nearby homes, the lot offers a peaceful neighborhood setting while maintaining a spacious, rural feel. According to the seller, public utilities are available. With no HOA, the property allows for flexible development. Conveniently located near local roads and Lampasas amenities, this lot is suitable for a custom homesite or a strategic land investment. The listing is for land only and is offered As Is. Street addresses are for listing purposes only; vacant land will receive a true street address once improved.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.18961
    Latitude
    31.059449

    Nearby Similar for Sale

    • $799,900
      8,440 SF

      Lampasas Flex Space with Bays

      8,440 SF flex space with 8 bays in Lampasas.
      408 S Main Street, Lampasas, TX 76550
      View Details
    • $425,000
      1,071 SF

      Highway 281 Commercial Building

      Move-in-ready professional building on Highway 281 in Lampasas, Texas.
      1312 N US Highway 281, Lampasas, TX 76550
      View Details
    • $425,000

      Highway 281 Commercial Building

      Move-in-ready commercial building with high visibility on Highway 281.
      1312 N US HWY 281, Lampasas, TX 76550
      View Details
    • $1,600,000
      20,000 SF

      Lampasas Office Building on Highway

      Two-story office building in high-traffic Lampasas location.
      1305 S Key Avenue, Lampasas, TX 76550
      View Details
    • $425,000
      1,071 SF

      Highway 281 Commercial Building

      Move-in-ready commercial building with high visibility on Highway 281.
      1312 N US Highway 281, Lampasas, TX 76550
      View Details
    • $9,400,000
      4,203 SF

      Texas Exotic Game Ranch

      367-acre ranch with luxury home near Lampasas, Texas.
      6101 County Road 208, Lampasas, TX 76550
      View Details
    • $1,600,000
      20,000 SF

      Lampasas Commercial Building on Highway

      Two-story office building with highway frontage and ample parking.
      1305 S Key Avenue, Lampasas, TX 76550
      View Details
    • $210,000
      3,515 SF

      Charming Commercial Space in Lampasas

      Versatile commercial property with historic charm and modern potential.
      107 W 5th Street, Lampasas, TX 76550
      View Details
    • $690,000
      2,331 SF

      Commercial Office Building in Lampasas

      Commercial office building with four offices, reception, and kitchenette.
      408 N Key Avenue, Lampasas, TX 76550
      View Details
    • $275,000

      Prime Highway Frontage Land

      Two-acre commercial land with high-visibility frontage on Highway 183.
      774 N Highway 183, Lampasas, TX 76550
      View Details
    • $7,777,000

      Historical Lampasas Gem Ranch

      378-acre high-fenced ranch featuring Sulphur Creek and event facilities.
      190 Private Road 3011, Lampasas, TX 76550
      View Details
    • $425,000
      2,500 SF

      Versatile Commercial Building on Corner Lot

      2500 SF steel building with high ceilings and roll-up doors.
      1008 S Walnut St, Lampasas, TX 76550
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.28-acre vacant lot in Lampasas, ideal for custom homesite.
    Where is this residential land & home lot located?
    The property is located at 705 S Howe Trace Lampasas, TX.
    What is the asking price?
    The asking price for this property is $85,999.
    What are key features of this property?
    This property features: Large 3.28‑acre vacant lot offers a spacious, rural feel.; Mostly flat and open terrain suitable for building.; No HOA provides flexibility for custom development.
    (513) 653-3427
    We can help!
    Listing Contact
    Joel Hinckley
    Real Estate License ID: 0727817
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    705 S Howe Trace, Lampasas, TX 76550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!