Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gated Ranch Acreage with Private Well Title is generated by Realmo AI

    Stargazer Drive lot 10, Lampasas, TX 76550

    View on Map
    Claim this Listing
    For Sale
    $261,387

    LAND - Lampasas, TX

    Lot size:
    12.13 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    100
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for Stargazer Drive lot 10

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    122137
    Lot size
    12.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S8022 STARGAZER RANCH LOT 10 12.13
    Tax Annual Amount
    10

    Utilities

    Water source
    Private, Well

    We can help!

    Listing Contact
    Kirk Carpenter

    Listing agent Kirk Carpenter License #0749052

    Listing office Longhorn Realty, LLC 1002 Main Street, TX

    Listing date Feb 25, 2026

    MLS# 605614 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

    • 12.13 Acres in Gated Stargazer Ranch
    • Ag Exemption
    • Private Water Well
    • Mature Native Landscape with Towering Trees
    • Potential for Custom Home with Sunset Views
    • Community Park and Pond Access

    Overview

    This 12.13-acre property is offered as ag-exempt land within a gated ranch community, with a private well already on site. The tract features mature native landscape and wooded areas that provide a sense of privacy, along with an oak near the rear of the acreage that can serve as a natural focal point for outdoor living. The land opens gently in select areas, offering space for planned improvements while maintaining the overall wooded character.

    The property is located within Stargazer Ranch, accessed through a private gated entry. Stargazer Ranch provides access to a community park and a scenic pond, offering common-area amenities designed for outdoor recreation and casual gatherings.

    For buyers seeking rural acreage with an existing water well and ag-exempt status, this site supports a range of small-ranch and lifestyle plans, including a custom estate home, a guest house, or outdoor-oriented uses. The combination of wooded privacy and gently open areas can work well for equestrian uses or a small gentleman’s ranch, depending on how the site is ultimately laid out. This is a straightforward acreage offering in a controlled-access community setting in the Lampasas area of Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.2303
    Latitude
    31.1064

    Nearby Similar for Sale

    • $1,600,000
      20,000 SF

      Two-Story Office Building on Corner

      A two-story office building with an oversized parking lot and strong highway exposure at a major intersection.
      1305 S Key Avenue, Lampasas, TX 76550
      View Details
    • $799,900
      8,440 SF

      Lampasas Flex Space with Bays

      8,440 SF flex space with 8 bays in Lampasas.
      408 S Main Street, Lampasas, TX 76550
      View Details
    • $425,000

      Highway 281 Commercial Building

      Move-in-ready commercial building with high visibility on Highway 281.
      1312 N US HWY 281, Lampasas, TX 76550
      View Details
    • $425,000
      1,071 SF

      Medical Office Building with Lobby

      Versatile professional building with multiple private rooms and reception area, well suited for medical, dental, or law use.
      1312 N US Highway 281, Lampasas, TX 76550
      View Details
    • $425,000
      1,071 SF

      Highway 281 Commercial Building

      Move-in-ready commercial building with high visibility on Highway 281.
      1312 N US Highway 281, Lampasas, TX 76550
      View Details
    • $1,600,000
      20,000 SF

      Two-Story Office Building with Parking

      Two-story office building on a corner lot with highway frontage and an attached oversized parking lot.
      1305 S Key Avenue, Lampasas, TX 76550
      View Details
    • $210,000
      3,515 SF

      Charming Commercial Space in Lampasas

      Versatile commercial property with historic charm and modern potential.
      107 W 5th Street, Lampasas, TX 76550
      View Details
    • $690,000
      2,331 SF

      Commercial Office Building in Lampasas

      Commercial office building with four offices, reception, and kitchenette.
      408 N Key Avenue, Lampasas, TX 76550
      View Details
    • $275,000

      Prime Highway Frontage Land

      Two-acre commercial land with high-visibility frontage on Highway 183.
      774 N Highway 183, Lampasas, TX 76550
      View Details
    • $425,000
      2,500 SF

      Versatile Commercial Building on Corner Lot

      2500 SF steel building with high ceilings and roll-up doors.
      1008 S Walnut St, Lampasas, TX 76550
      View Details
    • $300,000

      Lampasas County 15-Acre Land Tract

      15 acres in Lampasas County with privacy and scenic views.
      717 E Fm-580, Lampasas, TX 76550
      View Details
    • $395,000
      2,454 SF

      Lampasas Retail/Office Ready Space

      Well-maintained retail/office space with versatile layout and recent updates.
      611 Central Texas Expressway, Lampasas, TX 76550
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 12.13 acres in an ag-exempt, gated ranch community with a private well for residential or equestrian development.
    Where is this agricultural land / farmland located?
    The property is located at Stargazer Drive lot 10 Lampasas, TX.
    What is the asking price?
    The asking price for this property is $261,387.
    What are key features of this property?
    This property features: 12.13 Acres in Gated Stargazer Ranch; Ag Exemption; Private Water Well
    (512) 619-8572
    We can help!
    Listing Contact
    Kirk Carpenter
    Real Estate License ID: 0749052
    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
    Stargazer Drive lot: 10, Lampasas, TX 76550
    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!