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

    Falling Oak Dr Lot 137, Unit 136 Blanco, TX 78606

    Sponsored
    For Sale
    $274,000

    LAND - Blanco, TX

    Lot size:
    5.00 Acres
    Days on Market:
    40
    Last Refresh:
    Jan 28 at 5:06 pm

    Property Features for Falling Oak Dr Lot 137

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    R86222
    Fencing
    Fenced
    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Amanda Gerhart
    Amanda Gerhart

    RE/MAX 1 (512) 337-0200

    Listing agent Amanda Gerhart (512) 337-0400 License #0618761

    Listing date Dec 20, 2025

    MLS# 565796

    Copyright © 2026 Central Texas Multiple Listing Service. 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

    Blanco, TX Land For Sale

    This property features 5 acres of agricultural land within the gated Majestic Hills Ranch community in Blanco, Texas. Situated at an elevation of approximately 1800 feet, the land offers views of the surrounding hill country and valley, with sunrise and sunset vistas. The terrain includes an elevation change of about 150 feet with natural terracing, extending from a dry creek bed to the hilltop. The property is located in a Dark Sky Community. The north-facing hill provides a suitable location for building a home. The lot allows for the construction of a home, pool/guest house, and barn. The active neighborhood includes a community park with a swimming hole featuring clear river waters, a picnic area, a sport court, and a homestead house available for owners to rent for visiting guests or during home construction. Wildlife such as Oryx, Black Bucks, Turkey, and White-tail deer contribute to the Ranch's agricultural exemption. The property has underground utilities and access to high-speed internet. An adjacent 10-acre homestead is also available for purchase. The property is located approximately one hour from both Austin and San Antonio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Blanco
    County
    Blanco
    State
    Texas
    Longitude
    -98.3984
    Latitude
    30.0977

    Nearby Similar for Sale

    • $3,399,000
      15.00 Acres

      Blanco Estate: Commercial Potential

      15-acre estate with homes, lake, and commercial amenities.
      101 -- Rolling Hl Rd, Blanco, TX 78606
      View Details
    • $3,399,000
      15.00 Acres

      Luxury Estate with Commercial Potential

      15-acre estate with lake, multiple residences, and commercial amenities.
      101 -- Rolling Hl Rd, Blanco, TX 78606
      View Details
    • $1,950,000
      26.36 Acres

      Luxurious Ranch Living in Blanco, TX

      26-acre ranch featuring a modern home and guest apartment.
      147 -- Gray Wolf, Blanco, TX 78606
      View Details
    • $2,499,995
      51.64 Acres

      Texas Hill Country Ranch Retreat

      51-acre ranch with custom home, guest accommodations, and recreational amenities.
      270 N Rnch Rd, Blanco, TX 78606
      View Details
    • $1,400,000
      4,400 SF

      Blanco Commercial Property on Highway

      7.763-acre commercial tract with highway frontage in Blanco, Texas.
      1698 S Us 281 Hwy, Blanco, TX 78606
      View Details
    • $360,000
      0.12 Acres

      Blanco Commercial Property For Sale

      Commercial property in Blanco, TX, suitable for various business ventures.
      11 -- Main St, Blanco, TX 78606
      View Details
    • $69,000
      16,117 SF

      Land Near Blanco, TX

      Land with access to golf, pool, equestrian facilities.
      John Price, Blanco, TX 78606
      View Details
    • $4,950,000
      8,222 SF

      Luxury Ranch with Blanco River Access

      Turn-key 45-acre ranch with high-end improvements near Blanco, Texas.
      5999 Ranch Road 165, Blanco, TX 78606
      View Details
    • $4,950,000
      8,222 SF

      Luxury Ranch Near Blanco Square

      Turn-key 45-acre ranch with high-end improvements and Blanco River access.
      5999 Ranch Road 165, Blanco, TX 78606
      View Details
    • $1,187,500
      2,650 SF

      Picturesque Blanco Ranch with RV Barn

      15-acre Blanco ranch featuring a comfortable home and versatile RV barn.
      426 Preiss Ranch Rd, Blanco, TX 78606
      View Details
    • $1,895,000

      Blanco Barndominium on Acreage

      Custom barndominium on 13.59 acres in the Texas Hill Country.
      780 Skyline Dr, Blanco, TX
      View Details
    • $3,995,000

      Private Ranch with Hill Country Views

      Secluded ranch with power, build sites, and natural features.
      628 Antelope Cv, Blanco, TX 78606
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 5 AG EXEMPT Acres in Majestic Hills Ranch.
    Where is this agricultural land located?
    The property is located at Falling Oak Dr Lot 137, Unit 136 Blanco, TX.
    What is the asking price?
    The asking price for this property is $274,000.
    What are key features of this property?
    This property features: - 5 AG EXEMPT acres with vast Hill Country views and stunning sunrise/sunset views at ~1800' elevation.; - Gated community in Majestic Hills Ranch with community park featuring a swimming hole, picnic area, sport court, and rentable homestead house.; - Dark Sky Community with abundant wildlife providing the AG exemption.
    (512) 659-4735
    Request Owner's contact information
    Falling Oak Dr Lot 137, Unit 136 Blanco, TX 78606
    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.
    Falling Oak Dr Lot 137, Unit 136
    Blanco, TX 78606
    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
    Falling Oak Dr Lot 137, Unit 136 Blanco, TX 78606
    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
    Amanda Gerhart
    Amanda Gerhart
    Real Estate License ID: 0618761
    (512) 659-4735
    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.