Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    One-Acre Homesite in Elm Mott Title is generated by Realmo AI

    L21 S Baese, Elm Mott, TX 76640

    View on Map
    Claim this Listing
    For Sale
    $68,000

    LAND - Elm Mott, TX

    Lot size:
    1.00 Acre
    Added:
    Feb 10, 2026
    Days on Market:
    102
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for L21 S Baese

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025

    We can help!

    Listing Contact
    Antoinette Ratliff

    Listing agent Antoinette Ratliff License #0728371

    Listing office Texas Premier Realty 3834 Deerfield, TX

    Listing date Feb 10, 2026

    MLS# 603983 Listing URL

    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.

    HighLights

    • One‑acre lot offers generous space and privacy in the desirable Elm Branch Subdivision.
    • Water meter approved, with option for installation before closing.
    • County approval already on file for a smooth closing.
    • Located in the highly sought‑after West ISD.
    • Developer offers bundled option for new construction, or buyer can choose their own builder.
    • Deed restrictions in place to maintain quality and consistency of the subdivision.

    Overview

    This one-acre lot presents an opportunity to build a custom home. Located in Phase One of the Elm Branch Subdivision, the property offers space, privacy, and a setting designed to protect long-term value. A water meter is approved for the lot, with the option to have it installed prior to closing for an additional fee. County approval is on file, allowing for a smooth closing timeline. This is a build-site-only lot with deed restrictions in place to maintain the quality and consistency of the subdivision; mobile homes are not permitted. Situated in West ISD, this property combines location with flexibility and convenience. The developer is open to offering a bundled option for new construction, or buyers may choose their own builder to create a home tailored to their vision. This build-ready lot is located in a well-established subdivision with approvals in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Pharmacy HVAC Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elm Mott
    County
    McLennan
    State
    Texas
    Longitude
    -97.066918
    Latitude
    31.705199

    Nearby Similar for Sale

    • $599,000
      2,544 SF

      Elm Mott Ranch on 5 Acres

      Spacious ranch on 5 acres with flexible living spaces.
      503 Oak Knoll Lane, Elm Mott, TX 76640
      View Details
    • $700,000
      1,826 SF

      Elm Mott Farm/Ranch Retreat

      Private countryside retreat with renovated home and open space.
      1325 N Katy Road, Elm Mott, TX 76640
      View Details
    • $680,000
      1,893 SF

      Elm Mott Ranch Home on 10 Acres

      Income-producing 3 bed, 2 bath ranch on 10 acres.
      4037 Old Dallas Road, Elm Mott, TX 76640
      View Details
    • $39,000

      Residential Lot in Elm Mott

      Residential lot suitable for mobile home in Connally ISD.
      216 Melondale Drive, Elm Mott, TX 76640
      View Details
    • $39,000

      Residential Lot in Elm Mott

      Residential lot suitable for mobile home in Connally ISD.
      107 Frostdale Drive, Elm Mott, TX 76640
      View Details
    • $110,000

      Elm Mott Homesite Opportunity

      Nearly two-acre lot in Elm Branch Subdivision.
      L19 S Baese Road, Elm Mott, TX 76640
      View Details
    • $1,999,000

      33.96 Acres in Elm Mott

      Unimproved 33.96-acre commercial land with development potential near Waco.
      3273 Old Dallas Road, Elm Mott, TX 76640
      View Details
    • $495,250

      19.81 Acres of Cropland

      Versatile land suitable for hay cultivation and livestock management.
      Tbd Tours Road, Elm Mott, TX 76640
      View Details
    • $450,000
      3,500 SF

      Elm Mott Warehouse For Sale

      3,500+/- SF warehouse near I-35 in Elm Mott, TX.
      193 S Katy Rd, Elm Mott, TX 76640
      View Details
    • $58,000

      Elm Mott Acre Homesite

      One-acre homesite in Elm Branch Subdivision, ready for custom build.
      L2 Elm Branch, Elm Mott, TX 76640
      View Details
    • $58,000

      Elm Mott Acre Homesite

      One-acre lot in Elm Branch Subdivision, build-ready and restricted.
      L3 Elm Branch, Elm Mott, TX 76640
      View Details
    • $25,000

      Residential Lot in Elm Mott

      0.23-acre residential lot in a quiet, growing area.
      Tbd Melondale Drive, Elm Mott, TX 76640
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Desirable one-acre lot in Elm Branch Subdivision, ready to build.
    Where is this residential land & home lot located?
    The property is located at L21 S Baese Elm Mott, TX.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: One‑acre lot offers generous space and privacy in the desirable Elm Branch Subdivision.; Water meter approved, with option for installation before closing.; County approval already on file for a smooth closing.
    (903) 519-7175
    We can help!
    Listing Contact
    Antoinette Ratliff
    Real Estate License ID: 0728371
    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
    L21 S Baese, Elm Mott, TX 76640
    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!