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    The Largest CRE Database in the US with Over 1 Million Listings

    Sam Houston Pkwy, Unit 205 Luling, TX 78648

    Sponsored
    For Sale
    $245,000

    LAND - Luling, TX

    Lot size:
    10.18 Acres
    Days on Market:
    40
    Last Refresh:
    Feb 8 at 7:06 pm

    Property Features for Sam Houston Pkwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    24761
    Lot size
    10.18 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed, Well

    We can help!

    Listing Contact
    Lloyd Barnes
    Lloyd Barnes

    LLOYD BARNES REAL ESTATE TEAM (830) 875-5866

    Listing agent Lloyd Barnes (830) 875-5866 License #0452501

    Listing date Dec 31, 2025

    MLS# 557959

    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

    Overview

    Luling Land in Gated Community

    These lots, totaling 10.18 acres, are located in the controlled access gated community of the Settlement at Patriot Ranch, just south of Luling, Texas, off Highways 80 and Interstate 10. The location provides a commute to Austin, San Antonio, Houston, South Texas and other locations. Lots 205-207 feature a naturally wooded terrain with varying topography and countryside views. A water well and septic system will be needed for construction. Co-op Electric is available. This subdivision offers country living with small acreage tracts featuring custom-built homes and amenities, benefiting from an Ag Exemption. HOA restrictions allow site-built homes with a minimum of 1,800 sq ft of living space and a masonry exterior, with no time limit to build. Manufactured or mobile homes and barndominiums are not permitted. Residents can enjoy over 1,200 acres of drivable views with domestic and exotic wildlife and sunsets. Common area features include small natural parks and Patriot Park at the entrance, offering catch and release fishing and picnic areas.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Luling
    County
    Caldwell
    State
    Texas
    Longitude
    -97.638739
    Latitude
    29.676452

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    FAQs

    What type of property is this?
    Land - 10.18 acres in a controlled access community near Luling.
    Where is this land located?
    The property is located at Sam Houston Pkwy, Unit 205 Luling, TX.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Large 10.18-acre property in a gated community; - Convenient location with easy access to Austin, San Antonio, and Houston; - Ag Exemption benefit for lower property taxes
    (830) 832-9405
    Request Owner's contact information
    Sam Houston Pkwy, Unit 205 Luling, TX 78648
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    Luling, TX 78648
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    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
    Sam Houston Pkwy, Unit 205 Luling, TX 78648
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    We can help!
    Listing Contact
    Lloyd Barnes
    Lloyd Barnes
    Real Estate License ID: 0452501
    (830) 832-9405
    Learn more
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