Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    TBD Davis Road Muldoon, TX 78949

    View on Map
    Claim this Listing
    New
    For Sale
    $324,875

    Acreage,Land - Muldoon, TX

    Type:Farm
    Lot size:
    23.00 Acres
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 10:06 am

    Property Features for TBD Davis Road

    General Information

    Property type
    Land
    Property subtype
    Farm
    Parking features
    Carport
    Vegetation
    Heavily Wooded, Wooded
    Exterior features
    Heavily Wooded
    Standard status
    Active
    APN
    23 acres out of 25002 & 25854
    Lot size
    23.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hannah Mica

    Listing agent Hannah Mica License #477658

    Listing office Legacy Land Associates 111 E North Main St, Flatonia, TX

    Listing date May 7, 2026

    MLS# 156068 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

    • Minerals Available: A potentially valuable asset included with the property.
    • 23+/- Acres: Provides ample space for various uses.
    • No Floodplain: Reduces risk and simplifies building or development.
    • Low Taxes with Agricultural Exemption: Offers significant cost savings.
    • Electricity Available Nearby: Simplifies future development and improvements.
    • Mix of Open and Wooded Areas: Creates a diverse landscape.

    Overview

    Muldoon Land with Mineral Rights

    This 23+/-acre tract is located on a quiet county road. The property features gently rolling terrain with a mix of open areas and wooded sections filled with post oak, mesquite, cedar, and yaupon trees, suitable for wildlife and outdoor enjoyment. This property offers opportunities for recreational use or a future homesite. Electricity is available nearby. There is no floodplain, and the property has low taxes due to an existing agricultural exemption. Minerals are available. Additional acreage is available.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Muldoon
    County
    Fayette
    State
    Texas
    Longitude
    -97.1131
    Latitude
    29.7805

    Nearby Similar for Sale

    • $91,000
      1,624 SF

      Historic Building on Texas Land

      Charming historic building on almost 2 acres in Muldoon, TX.
      000 North 3Rd Street, Muldoon, TX 78949
      View Details
    • $649,000

      Muldoon Acreage with Mineral Rights

      45-acre property with pond, creek, and available electricity.
      1345 Davis Road, Muldoon, TX 78949
      View Details
    • $449,700

      Unrestricted Land with Pond, Trees

      29.98 acres of unrestricted land with pond and trees.
      TBD West Old Lockhart Road, Muldoon, TX 78949
      View Details
    • $1,899,000

      Muldoon Recreational Property with Creek

      135+ acre recreational property with diverse terrain and wildlife.
      2845 Boehnke Road, Muldoon, TX 78949
      View Details
    • $999,500

      90 Acre Fayette County Ranch

      Private 90-acre ranch with creek, pond, and improvements.
      440 Boulton Creek Rd, Muldoon, TX 78949
      View Details
    • $270,000
      1,400 SF

      Flatonia Commercial Building on Corner

      Versatile commercial building on a high-traffic corner lot.
      1400 Fm 609 Road, Muldoon, TX 78949
      View Details
    • $649,950

      41+ Acres Ideal Home Site

      41.591-acre property perfect for a dream home.
      265 Boulton Creek Road, Muldoon, TX 78949
      View Details
    • $2,190,898

      Historic 223-Acre Texas Land Tract

      Historic 223-acre tract with minerals, rock quarry, and windmill.
      3817 North 154, Muldoon, TX 78949
      View Details
    • $18,500,000
      270,000 SF

      Texas Ranch with Extensive Buildings

      Unique Texas ranch featuring extensive buildings and recreational amenities.
      1331 E Parker Rd, Muldoon, TX 78949
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 23-acre tract with rolling terrain, ideal for recreation/homesite.
    Where is this agricultural land / farmland located?
    The property is located at TBD Davis Road Muldoon, TX.
    What is the asking price?
    The asking price for this property is $324,875.
    What are key features of this property?
    This property features: Minerals Available: A potentially valuable asset included with the property.; 23+/- Acres: Provides ample space for various uses.; No Floodplain: Reduces risk and simplifies building or development.
    (512) 776-1398
    We can help!
    Listing Contact
    Hannah Mica
    Real Estate License ID: 477658
    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
    TBD Davis Road, Muldoon, TX 78949
    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!