Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared Residential Lot in Feder Title is generated by Realmo AI

    Lot 4 Feder Way, West Point, TX 78963

    View on Map
    Claim this Listing
    For Sale
    $185,000

    Residential (farm-ranch),Land - West Point, TX

    Type:Farm
    Lot size:
    4.58 Acres
    Added:
    Jul 15, 2025
    Days on Market:
    310
    Last Refresh:
    May 20 at 4:06 pm

    Property Features for Lot 4 Feder Way

    General Information

    Property type
    Land
    Property subtype
    Farm
    Parking features
    Carport
    Standard status
    Active
    APN
    119422
    Lot size
    4.58 Acres

    Taxes and HOA fees

    Tax Annual Amount
    896

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Terrell Newton
    Terrell Newton

    Listing agent Terrell Newton License #596956

    Listing office Land Brokers, Inc. 609 E. SH 71, La Grange, TX

    Listing date Jul 15, 2025

    MLS# 152618 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.

    HighLights

    • Cleared lot ready for construction, offering a blank canvas for a dream home.
    • Convenient location: Just a 10‑minute drive to downtown La Grange, balancing seclusion and accessibility.
    • Underground utilities: Fayette Water Company & Fayette Electric Cooperative, plus fiber optic service.
    • Barndominiums are welcome.
    • Deed restrictions in place to preserve community value and aesthetics.
    • Pond provides an excellent water feature.

    Overview

    Located in Fayette County, Lot 4 in the Feder Estates development is a cleared 4.579-acre residential lot ready for construction. Situated south of HWY 71 in West Point, the property is a 10-minute drive from downtown La Grange. The lot includes underground utilities from Fayette Water Company and Fayette Electric Cooperative, as well as fiber optic service provided by Colorado Valley Communications. A pond is present on the property. Deed restrictions are in place to maintain the community's value, prohibiting mobile homes, modular homes, tiny homes, manufactured homes, containers, and trailers. Barndominiums are permitted. An on-site septic system is required.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    West Point
    County
    Fayette
    State
    Texas
    Longitude
    -97.0347
    Latitude
    29.9581

    Nearby Similar for Sale

    • $410,000

      Highway 71 Frontage Land

      Nearly 9 acres of commercial land with Highway 71 frontage.
      3001 State Highway 71, West Point, TX 78963
      View Details
    • $449,999

      Riverfront Land Tract Opportunity

      Stunning 5-acre riverfront property with owner financing.
      Lot 4 Fayette Shores Cove, West Point, TX 78963
      View Details
    • $1,295,000
      3,712 SF

      Woodland Retreat on 14.84 Acres

      Custom timber-framed home on 14.84 acres near La Grange.
      353 Spanish Canyon Trail, West Point, TX 78963
      View Details
    • $560,000

      West Point Wooded Acreage For Sale

      Heavily wooded 14.21 acre property with wildlife tax exemption.
      0000 Rook Road, West Point, TX 78963
      View Details
    • $99,000

      Unrestricted Wooded Land Near Highway 71

      5+ acre unrestricted tract with paved frontage near La Grange.
      TBD Farm To Market Road 154, West Point, TX 78963
      View Details
    • $1,295,000

      West Point Acreage with Ponds

      80.45 acres in Fayette County, ideal for recreation or residence.
      TBD Wetjen Lane, West Point, TX 78963
      View Details
    • $199,000

      Cleared Land in Feder Estates

      Ready-to-build lot in Fayette County's Feder Estates development.
      Lot 2 Feder Way, West Point, TX 78963
      View Details
    • $1,295,000
      3,712 SF

      Woodland Retreat on 14 Acres

      Custom timber-framed home on 14 wooded acres near LaGrange.
      353 Spanish Canyon Trail, West Point, TX 78963
      View Details
    • $529,000

      Riverfront Land Tract Opportunity

      Stunning 5-acre riverfront tract with owner financing.
      Lot 3 Fayette Shores Cove, West Point, TX 78963
      View Details
    • $195,000

      Cleared Lot in Feder Estates

      Premium 4.419-acre lot ready for construction in West Point, TX.
      311 (Lot 5) Feder Way, West Point, TX 78963
      View Details

    FAQs

    What type of property is this?
    Land - Ready-to-build homesite in West Point, near La Grange.
    Where is this land located?
    The property is located at Lot 4 Feder Way West Point, TX.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Cleared lot ready for construction, offering a blank canvas for a dream home.; Convenient location: Just a 10‑minute drive to downtown La Grange, balancing seclusion and accessibility.; Underground utilities: Fayette Water Company & Fayette Electric Cooperative, plus fiber optic service.
    (979) 968-3106
    We can help!
    Listing Contact
    Terrell Newton
    Terrell Newton
    Real Estate License ID: 596956
    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

    Thank You for Inquiry
    Lot 4 Feder Way, West Point, TX 78963
    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!