Add Listing
    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

    Milam Ln, Unit 9 Bastrop, TX 78602

    View on Map
    Sponsored
    For Sale
    $190,000

    LAND - Bastrop, TX

    Lot size:
    1.99 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 11 at 8:06 am

    Property Features for Milam Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    90773
    Lot size
    1.99 Acres

    We can help!

    Listing Contact
    Tinnieh Guajardo

    Coldwell Banker Residential (972) 906-7700

    Listing agent Tinnieh Guajardo (254) 200-3800 License #0686314

    Listing date Mar 11, 2026

    MLS# 606959 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.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land in Growing Bastrop

    Located on Milam Street in Bastrop, this 1.98-acre parcel of raw, unrestricted land offers flexibility. The property is a blank canvas surrounded by natural Texas beauty. With no deed restrictions and no HOA, the land allows for building a custom home, setting up a manufactured or mobile home, creating a hobby farm, keeping animals, or investing for future growth. The land's natural topography provides space for gardens, barns, workshops, or outdoor living areas. The property is located minutes from downtown Bastrop, which offers historic charm, boutique shops, local restaurants, art galleries, and community events. Everyday amenities like H-E-B, major retailers, and services are close by. Bastrop ISD and nearby private or charter school options provide educational choices. Outdoor lovers will appreciate access to hiking trails, Colorado River recreation, and the scenic Bastrop State Park area. This property offers the opportunity to build now, plan later, or create a desired lifestyle. Buyer and buyer's agent are responsible for independently verifying all lot dimensions and boundary lines. Any lot outlines or drawings provided in marketing materials or photographs are approximate and for illustrative purposes only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.399469
    Latitude
    30.047071

    Nearby Similar for Sale

    • $698,000
      3,222 SF

      Riverfront Retreat with Income Potential

      Versatile riverfront property in Bastrop, ideal for living or investment.
      315 Riverwood Dr, Bastrop, TX 78602
      View Details
    • $1,800,000
      1,796 SF

      Bastrop Farm and Ranch Property

      121-acre farm with home, pastures, creek, and wildlife exemption.
      158 #C Synergy Dr, Bastrop, TX 78602
      View Details
    • $2,000,000

      Bastrop Ranch with Panoramic Views

      113-acre cattle ranch featuring a 3,345 sq ft stone home.
      470 Glass Ln, Bastrop, TX 78602
      View Details
    • $1,360,000

      Multi-Unit Investment Opportunity in Bastrop

      Multi-family property featuring a fourplex and two duplexes.
      251 Zimmerman Ave, Bastrop, TX 78602
      View Details
    • $995,000

      Unrestricted Property Near Bastrop

      Unrestricted property with home and shop near fast-growing Bastrop.
      885 Hwy 71 Hwy W, Bastrop, TX 78602
      View Details
    • $10,944,000

      Productive Pecan Orchard Along River

      608+ acre pecan farm with 2,500+ feet of river frontage.
      675 Ponderosa Rd, Bastrop, TX 78602
      View Details
    • $2,000,000

      Bastrop Ranch with Panoramic Views

      113-acre cattle ranch with stone home near Bastrop, Texas.
      470 Glass Ln, Bastrop, TX 78602
      View Details
    • $379,000

      Two Mobile Homes on Acreage

      Two remodeled mobile homes on nearly an acre of land.
      264 Flaming Oak Dr, Bastrop, TX 78602
      View Details
    • $10,944,000

      Bastrop Agricultural Property For Sale

      Agricultural property available for purchase in Bastrop, Texas.
      675 Ponderosa Rd, Bastrop, TX 78602
      View Details
    • $1,325,000

      Bastrop Specialty Property For Sale

      Specialty property available for purchase in Bastrop, Texas.
      1045 State Hwy 71 W, Bastrop, TX 78602
      View Details
    • $475,000

      488 E Kelley Rd, Bastrop, TX 78602

      Farms
      488 E Kelley Rd, Bastrop, TX 78602
      View Details
    • $1,360,000

      Multi-Unit Investment Opportunity in Bastrop

      Multiple units for sale in Bastrop, Texas.
      251 Zimmerman Ave, Bastrop, TX 78602
      View Details

    FAQs

    What type of property is this?
    Land - 1.98 acres of unrestricted land near downtown Bastrop, TX.
    Where is this land located?
    The property is located at Milam Ln, Unit 9 Bastrop, TX.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - 1.98 acres of unrestricted land with no HOA, offering complete freedom to build.; - Minutes from downtown Bastrop's historic charm, boutique shops, local restaurants, and community events.; - Close proximity to everyday amenities like H-E-B, major retailers, and services.
    (512) 784-0048
    Request Owner's contact information
    Milam Ln, Unit 9 Bastrop, TX 78602
    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.
    Milam Ln, Unit 9
    Bastrop, TX 78602
    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
    Milam Ln, Unit 9 Bastrop, TX 78602
    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
    Tinnieh Guajardo
    Real Estate License ID: 0686314
    (512) 784-0048 (210) 425-9776 (254) 200-3800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!