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    Fenced Farmland with Mobile Home Title is generated by Realmo AI

    100 Reavis Drive lot 8A, Kempner, TX 76539

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    Claim this Listing
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    For Sale
    $179,000

    LAND - Kempner, TX

    Lot size:
    7.51 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 100 Reavis Drive lot 8A

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Fencing
    Perimeter, Gate
    Standard status
    Active
    APN
    36514
    Lot size
    7.51 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    S7283 REAVIS RANCH LOT 8A (REPLAT) & PT OF 7B, SEC 2 7.51
    Tax Annual Amount
    3959

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well, Private

    Building Details

    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Gabriele Zehr

    Listing agent Gabriele Zehr License #0422776

    Listing office Coldwell Banker Realty 2710 Clear Creek Road, Ste 115, TX

    Listing date Jun 3, 2026

    MLS# 615669 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

    • 7.5‑acre property in Burnet County, partially wooded and fenced
    • Private well and septic tank on‑site, plus electricity available
    • Kempner Water is available but not currently hooked up
    • Chicken coop, well house, and several older storage buildings
    • Small 1‑bedroom mobile home conveyed "AS IS"; needs work after being moved multiple times
    • Two drive‑through gates for access—one from Reavis Drive and one from Cove Ranch Rd

    Overview

    This 7.5-acre property offers a mix of open space and partial woodland, with perimeter fencing and several utility and farm-related improvements. On-site utilities include septic, electricity, and a well. Additional structures include a chicken coop, a well house, and some older storage buildings. There is also an extra RV power hookup, but no water or septic connected to that hookup. A generator hookup and housing are present, but a generator is not included. A small 1-bedroom mobile home is located on the property and has been moved several times; it needs work and will be conveyed "AS IS."

    Access is provided through two drive-through gates. One gate is from Reavis Drive and the other is from Cove Ranch Rd. The property is in Burnet County and located within the Lampasas School District.

    The layout and existing site features make this acreage well-suited for buyers seeking private, fenced land for agricultural use or rural storage, with basic utilities already on site. The mobile home and outbuildings may appeal to operators looking for a work-in-place setup, with the understanding that the home is being conveyed as-is and requires repairs.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Kempner
    County
    Lampasas
    State
    Texas
    Longitude
    -97.91066
    Latitude
    31.024292

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Partially wooded, fenced acreage with on-site well, septic, and electricity plus a small mobile home conveyed as-is.
    Where is this agricultural land / farmland located?
    The property is located at 100 Reavis Drive lot 8A Kempner, TX.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: 7.5‑acre property in Burnet County, partially wooded and fenced; Private well and septic tank on‑site, plus electricity available; Kempner Water is available but not currently hooked up
    (254) 371-7737
    We can help!
    Listing Contact
    Gabriele Zehr
    Real Estate License ID: 0422776
    Learn More
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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.

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