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

    76 Hurst Place Blvd Lampasas, TX 76550

    Sponsored
    For Sale
    $204,550

    Farm - Lake Victor, TX

    Type:Farm
    Lot size:
    16.52 Acres
    Days on Market:
    58
    Last Refresh:
    Jan 22 at 1:06 am

    Property Features for 76 Hurst Place Blvd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    121864
    Lot size
    16.52 Acres

    Taxes and HOA fees

    Expense value
    200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    R. Michael Brown

    Carpenter Real Estate (512) 294-3758

    Listing agent R. Michael Brown (512) 294-3758 License #0348586

    Listing date Nov 26, 2025

    MLS# 167920 Listing URL

    Copyright © 2026 Highland Lakes Association of Realtors 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

    Lake Victor Farm Opportunity

    This 16.52-acre farm is located in Lake Victor, Texas. The property is identified as Tract 76 Hurst Place. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.1632866
    Latitude
    30.916480527

    Nearby Similar for Sale

    • New
      $9,500,000
      4,203 SF

      Texas Exotic Game Ranch Retreat

      367-acre ranch with luxury home, barns, and recreational opportunities.
      6101 County Road 208, Lampasas, TX 76550
      View Details
    • $7,777,000
      378.00 Acres

      Historical Lampasas Gem Ranch

      378-acre high-fenced ranch featuring Sulphur Creek and event facilities.
      190 Private Road 3011, Lampasas, TX 76550
      View Details
    • $22,273,260
      2,819.40 Acres

      Expansive Ranch in Lampasas County

      2819.4-acre ranch with residences, hunting cabins, and abundant wildlife.
      7947 Cr 1255, Lampasas, TX 76550
      View Details
    • $395,000
      2,454 SF

      Lampasas Retail/Office Ready Space

      Well-maintained retail/office space with versatile layout and recent updates.
      611 Central Texas Expy, Lampasas, TX 76550
      View Details
    • $425,000
      29.37 Acres

      Texas Hill Country Ranch Land

      29-acre ranch near Lampasas with pond, trees, and building site.
      Rd 106, Lampasas, TX 76550
      View Details
    • $240,000
      3,515 SF

      Charming Commercial Property in Lampasas

      Versatile commercial space with historic charm and modern potential.
      107 W 5Th St, Lampasas, TX 76550
      View Details
    • $2,999,000
      2,714 SF

      Burnet County Ranch Retreat

      221.5-acre cattle ranch with main house, bunkhouse, and barn.
      2334 Cr 105, Lampasas, TX 76550
      View Details
    • $2,600,000
      2,140 SF

      Lampasas Riverfront Ranch Paradise

      92-acre Texas ranch with river frontage and multiple residences.
      92 N Us Highway 281, Lampasas, TX 76550
      View Details
    • $27,085,000
      2,167.14 Acres

      2167-Acre Ranch in Lampasas County

      2167-acre ranch with live creek, rolling hills, and native wildlife.
      0000 County Rd 1287, Lampasas, TX 76650
      View Details
    • $465,000
      2,454 SF

      Move-in Ready Retail/Office Space

      Well-maintained retail/office space with recent updates and versatile layout.
      611 Central Texas Expy, Lampasas, TX 76550
      View Details
    • $1,895,000
      1,904 SF

      Lampasas Ranch with Creek Frontage

      161-acre ranch featuring a move-in ready home and abundant wildlife.
      5124 Fm 1715, Lampasas, TX 76550
      View Details
    • $559,000
      20.00 Acres

      20 Acre Fenced Land

      20 acre fenced property with manufactured home near Lampasas.
      6551 Cr 208, Lampasas, TX 76550
      View Details

    FAQs

    What type of property is this?
    Farm - 16.52 acre farm for sale in Lake Victor, Texas.
    Where is this farm located?
    The property is located at 76 Hurst Place Blvd Lampasas, TX.
    What is the asking price?
    The asking price for this property is $204,550.
    What are key features of this property?
    This property features: - Owner financing available; - Closeout - limited availability, with only 4 tracts remaining; - Location: [-98.163284,30.916481]
    (512) 751-1032
    Request Owner's contact information
    76 Hurst Place Blvd Lampasas, TX 76550
    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.
    76 Hurst Place Blvd
    Lampasas, TX 76550
    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
    76 Hurst Place Blvd Lampasas, TX 76550
    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
    R. Michael Brown
    Real Estate License ID: 0348586
    (512) 751-1032
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.