Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Knights Row lot -39 Cottonwood Shores, TX 78657

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Cottonwood Shores, TX

    Lot size:
    0.23 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    86
    Last Refresh:
    Apr 16 at 11:06 pm

    Property Features for Knights Row lot -39

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    009290
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    S3620 CASTLE TERRACE LOT 39, UNIT 2

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Julie Snowden

    Listing agent Julie Snowden

    Listing office Horseshoe Bay ONE Realty 111 Par Three Court, Horseshoe Bay, TX

    Listing date Jan 20, 2026

    MLS# 176376 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.

    Overview

    Vacant Lot in Cottonwood Shores

    This vacant lot is located in the Castle Terrace area, next to a residence that is also for sale. The 0.23-acre property offers flexibility for a future build or long-term investment. It provides convenient access to nearby homes and established surroundings. The property is located within proximity to area amenities in Cottonwood Shores, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cottonwood Shores
    County
    Llano
    State
    Texas
    Longitude
    -98.336337
    Latitude
    30.544425

    Nearby Similar for Sale

    • $409,000

      Cottonwood Shores Land For Sale

      1.27 acre mixed-use land with lake and hill country views.
      W FM 2147, Cottonwood Shores, TX 78657
      View Details
    • $75,000

      Corner Lots in Cottonwood Shores

      Prime corner lots near Marble Falls and Horseshoe Bay.
      Birch Lane, Cottonwood Shores, TX 78657
      View Details
    • $25,000

      Cottonwood Shores Multi-Lot Opportunity

      Available lots in Cottonwood Shores near Lake Marble Falls and LBJ.
      735 Birch LN, Cottonwood Shores, TX 78657
      View Details
    • $25,000

      Cottonwood Shores Multi-Lot Opportunity

      Two adjacent lots in Cottonwood Shores, near Lake Marble Falls.
      732 Aspen LN, Cottonwood Shores, TX 78657
      View Details
    • $24,500

      Residential Land in Cottonwood Shores

      Land near parks, lakes, and Hill Country attractions.
      836 Aspen Ln, Cottonwood Shores, TX 78657
      View Details
    • $3,500,000

      Waterfront Land in Cottonwood Shores

      Two combined lots with open water access and potential subdivision.
      5012 W FM 2147, Cottonwood Shores, TX 78657
      View Details
    • $75,000

      Residential Land Near Lake LBJ

      Two lots near Lake LBJ with potential for dream home.
      Fir Lane lot: 458 & 459, Cottonwood Shores, TX 78657
      View Details
    • $19,000

      Residential Lot in Cottonwood Shores

      Residential lot with mature trees, near Lake Marble Falls.
      Driftwood Ln lot: 159, Cottonwood Shores, TX 78657
      View Details
    • $65,000

      Two Buildable Lots in Cottonwood

      Two buildable residential lots in Cottonwood Shores, Texas.
      707 Maple Ln, Cottonwood Shores, TX 78657
      View Details
    • $50,000

      Cottonwood Shores Land Opportunity

      Four adjoining lots in lakeside community with versatile residential potential.
      739 Fir Lane, Cottonwood Shores, TX 78657
      View Details
    • $40,000

      Oversized Homesite in Cottonwood Shores

      Large lot near Lake LBJ with community amenities.
      Magnolia lot: 326A, Cottonwood Shores, TX 78657
      View Details
    • $23,000

      Residential Land in Cottonwood Shores

      0.12 acre lot perfect for building a new home.
      Aspen Lane lot: 520, Cottonwood Shores, TX 78657
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot for future build or investment in Texas.
    Where is this residential land & home lot located?
    The property is located at Knights Row lot -39 Cottonwood Shores, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant lot in the desirable Castle Terrace area; Opportunity for future build or long‑term investment; Convenient access to nearby homes
    (512) 633-5588
    We can help!
    Listing Contact
    Julie Snowden
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!