Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Round Top Acreage with Pond Title is generated by Realmo AI

    TBD Drake Lane - Lot 10, Round Top, TX 78954

    View on Map
    Claim this Listing
    Pending
    $1,975,000

    Acreage,Land - Round Top, TX

    Type:Farm
    Lot size:
    8.08 Acres
    Added:
    May 30, 2025
    Days on Market:
    361
    Last Refresh:
    May 25 at 2:06 am

    Property Features for TBD Drake Lane - Lot 10

    General Information

    Property type
    Land
    Property subtype
    Farm
    Parking features
    Carport
    Vegetation
    Partially Wooded, Wooded
    Exterior features
    Partially Wooded
    Standard status
    Pending
    APN
    39301-10
    Lot size
    8.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Emily Shaw

    Listing agent Emily Shaw License #784459

    Listing office ROUND TOP REAL ESTATE 101 Main St., ROUND TOP, TX

    Listing date May 30, 2025

    MLS# 149191 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

    • Large 8.08 acre lot at the end of a cul‑de‑sac offering privacy.
    • Located in the desirable Round Top, Texas, close to boutiques and eateries.
    • Features mature oak trees, a pond, open pasture, and a creek.
    • Part of the Townsend Reserve community with a covered bridge and split rail fencing.
    • Underground utilities and internet available.
    • Wildlife valuation in progress for potential tax benefits.

    Overview

    Located in Round Top, Texas, this 8.080-acre lot features mature oak trees, a pond, and open pasture. A creek runs along the property line. Situated at an elevation of 370 feet, Lot 10 Drake Lane is located at the end of a cul-de-sac within the Townsend Reserve community. This community is located half a mile from boutiques and eateries. The 100-acre development features rolling hills and natural creeks, with 27 homesites available. The property is near the Round Top square. Amenities include a covered bridge, split rail fencing, and underground utilities. Internet is available. A wildlife valuation is in progress.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Round Top
    County
    Fayette
    State
    Texas
    Longitude
    -96.687582
    Latitude
    30.058858

    Nearby Similar for Sale

    • $4,950,000
      18,631 SF

      Iconic Dance Hall and RV Park

      Unique commercial property with dance hall, restaurant, and RV park.
      550 North Washington Street, Round Top, TX 78954
      View Details
    • $2,795,000
      3,956 SF

      Round Top Estate with Pond

      Exceptional 10-acre Round Top property with stocked pond.
      139 Blossom Hill Road, Round Top, TX 78954
      View Details
    • $1,500,000
      2,788 SF

      Round Top Commercial Property For Sale

      Commercial property in Round Top, TX with restaurant lease.
      102 South Washington Street, Round Top, TX 78954
      View Details
    • $2,650,000
      2,831 SF

      Round Top Residential Farm Property

      Charming 4-bedroom home with modern comfort on 5 acres.
      533 Bybee Road, Round Top, TX 78954
      View Details
    • $1,800,000
      1,800 SF

      Round Top Farm and Ranch

      56.6 acre Round Top property with farmhouse and pool.
      7824 Waldeck Cemetery Road, Round Top, TX 78954
      View Details
    • $4,995,000
      5,855 SF

      Round Top Estate on 16 Acres

      Elegant 5-bedroom country estate near Round Top Square.
      770 South Weyand Road, Round Top, TX 78954
      View Details
    • $415,000

      Round Top 10-Acre Tract

      10 acres in Round Top, TX, for residential or commercial.
      2179 E HWY 237 lot: 4, Round Top, TX 78954
      View Details
    • $390,000

      8 Acres in Round Top

      8-acre tract with commercial potential near downtown Round Top.
      2171 E HWY 237 lot: 3, Round Top, TX 78974
      View Details
    • $3,995,000
      4,387 SF

      Round Top Farm-Ranch Estate

      Luxurious, fully furnished 5-bedroom home on 5.6 landscaped acres.
      565 Bybee Road, Round Top, TX 78954
      View Details
    • $589,000

      Round Top Acreage for Sale

      12.4 acres of pastureland near Round Top, Texas.
      Tract 12 South Nassau Road, Round Top, TX 78954
      View Details
    • $484,025

      Land Near Round Top, TX

      Acreage near Round Top, ideal for country living.
      Tract 7 South Nassau Road, Round Top, TX 78954
      View Details
    • $589,000

      Pastureland Near Round Top

      Ideal canvas to bring your vision to life.
      Tract 11 South Nassau Road, Round Top, TX 78954
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 8.08 acres in Round Top with mature trees and water.
    Where is this agricultural land / farmland located?
    The property is located at TBD Drake Lane - Lot 10 Round Top, TX.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: Large 8.08 acre lot at the end of a cul‑de‑sac offering privacy.; Located in the desirable Round Top, Texas, close to boutiques and eateries.; Features mature oak trees, a pond, open pasture, and a creek.
    (979) 249-5732
    We can help!
    Listing Contact
    Emily Shaw
    Real Estate License ID: 784459
    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
    TBD Drake Lane - Lot 10, Round Top, TX 78954
    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!