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    730 Panorama Rd La Grange, TX 78945

    View on Map
    Sponsored
    For Sale
    $725,000

    Residential (farm-ranch),Farm,Standard Frame - La Grange, TX

    Type:Farm
    Property size:
    4,091 SF
    Lot size:
    2.43 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 12:06 am

    Property Features for 730 Panorama Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Vegetation
    Partially Wooded, Wooded
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    5
    APN
    28660
    Parking features
    Carport, Garage
    Exterior features
    Partially Wooded
    Fireplace
    1
    Size
    4,091 SF
    Lot size
    2.43 Acres

    Utilities

    Heating system
    Central, Fireplace(s)

    Building Details

    Year built
    1998
    Year renovated
    1998
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Katy Michalke

    Michalke Industries, Inc. DBA Lindemann Real Estate (979) 968-5803

    Listing agent Katy Michalke (979) 968-5803 License #475070

    Listing date Mar 13, 2026

    MLS# 155415 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

    Property Insight Report

    Overview

    La Grange Custom Home on Acreage

    Nestled on 2.43 acres in Fayette County, centrally located between Houston, Austin, and San Antonio, this custom home offers a quiet setting elevated high on a bluff, set back under towering oak trees. Built in 1998 and well-maintained by one owner, the residence features enhanced steel and concrete for a superior foundation, framing with #1 grade lumber and engineered trusses, and 2X6 outer wall framing with additional insulation. The exterior is brick on all four sides, complemented by a composition roof installed in 2018 and four large porches, including a wrap-around porch across the front. Inside, the 4,091 square feet of living space includes multiple sitting and open-style living areas, and a family room with a brick fireplace that opens to the dining room and renovated kitchen. The kitchen, updated 8-10 years ago, features granite counters, an undermount sink, a center island, and a breakfast room with windows. The stove and refrigerator can convey. The master suite includes an ensuite bathroom with a bathtub, separate shower, double sinks, a walk-in closet with built-in cabinets and shelves, and access to a covered back porch. There are four guest bedrooms, two of which are oversized, and three guest bathrooms. An open loft area serves as an additional living or TV room. A sunroom along the back of the home features a wall of windows overlooking the backyard. The oversized laundry room includes a utility sink, closet, half bathroom, and access to a side porch and the 598 square foot garage, which has an electric door opener and an extra oven. Outside, a circular drive with two entrances from Panorama Road, an outdoor sink, and outdoor faucets are present. A 1,680 square foot metal building/shop at the back of the property has a concrete floor, 110 and 220 electric, overhead lights, and a partition for RV or boat storage. The property is located just outside La Grange on Panorama Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Accounting Firm Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.899032
    Latitude
    29.876962

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    FAQs

    What type of property is this?
    Farm - Custom home on 2.43 acres in Fayette County.
    Where is this farm located?
    The property is located at 730 Panorama Rd La Grange, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Spacious 4,091 sq. ft. custom home on 2.43 acres in a desirable Fayette County location, centrally located between Houston, Austin, and San Antonio.; - High-quality construction with enhanced steel & concrete foundation, #1 grade lumber, 2X6 outer wall framing, and brick exterior for durability and longevity.; - Features a large metal building/shop (1,680 sq. ft.) with concrete floor, 110/220 electric, and RV/boat storage potential.
    (979) 968-5803
    Request Owner's contact information
    730 Panorama Rd La Grange, TX 78945
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    La Grange, TX 78945
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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
    730 Panorama Rd La Grange, TX 78945
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    We can help!
    Listing Contact
    Katy Michalke
    Real Estate License ID: 475070
    (979) 968-5803
    Learn more
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