Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1002 Proctor St Lockhart, TX 78644

    View on Map
    Claim this Listing
    For Sale
    $115,000

    Land, Other - Lockhart, TX

    Lot size:
    0.30 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 26 at 8:06 pm

    Property Features for 1002 Proctor St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Quartermetra Hughes
    Quartermetra Hughes

    Listing agent Quartermetra Hughes License #693843,PersonLicenseNumber

    Listing office NextHome Modern 14205 N. Mopac Expy, Suite 570, TX

    Listing date Apr 17, 2026

    MLS# 3210087 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lockhart Land Investment Opportunity

    This offering presents a commercial land investment opportunity. The sale encompasses an adjacent property located at 1006 Proctor St. The seller prefers to sell both properties together as a package. The combined properties are considered ideal for redevelopment or expansion. The lot size is 0.3 acres and is located in Lockhart, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.68317
    Latitude
    29.892164

    Nearby Similar for Sale

    • $49,300,000
      2,852 SF

      Lockhart Development Opportunity

      900-acre development site near SH 130 in Lockhart, TX.
      2884 Political Road, Lockhart, TX 78644
      View Details
    • $400,000
      1,936 SF

      Renovated Duplex Across from School

      Completely renovated duplex near schools, grocery, and restaurants.
      805 Center Street, Lockhart, TX 78644
      View Details
    • $299,000

      Lockhart TX Commercial Land Tract

      High-visibility 5-acre tract ideal for commercial or residential use.
      6635 S Highway 183, Lockhart, TX 78640
      View Details
    • $950,000
      1,856 SF

      Lockhart Ranch with Income Potential

      Income-producing ranch near Lockhart and San Marcos River.
      9765 State Park Road, Lockhart, TX 78644
      View Details
    • $400,000
      1,936 SF

      Renovated Duplex Near Lockhart High

      Completely renovated duplex near schools, grocery, and restaurants.
      805 Center St., Lockhart, TX 78644
      View Details
    • $299,000

      5 Acres on Highway 183

      High-visibility land suitable for commercial or residential use.
      6635 S Highway 183, Lockhart, TX 78640
      View Details
    • $1,490,000
      775 SF

      Lockhart Commercial Property with Acreage

      Nearly 40-acre Lockhart property with shop, tiny homes, and creek.
      1501 Boggy Creek Road, Lockhart, TX 78644
      View Details
    • $245,000

      Lockhart Commercial Land For Sale

      4.25 acre commercial lot with unrestricted use in Lockhart.
      100 Westwood Road, Lockhart, TX 78644
      View Details
    • $549,000

      21.9 Acres Farm & Ranch Land

      21.9 acres of farm and ranch land near Austin.
      Burdette Wells Rd, Lockhart, TX 78644
      View Details
    • $245,000

      Lockhart Land with Highway Frontage

      4.25 acre commercial lot with unrestricted use near Downtown.
      100 Westwood Road lot: 2-D, Lockhart, TX 78644
      View Details
    • $170,000

      Lockhart Corner Lot For Sale

      3.176 acre corner lot near SH 130.
      405 Black Ankle Road lot: 1, Lockhart, TX 78644
      View Details
    • $750,000
      2,071 SF

      Versatile Commercial Building on Corner Lot

      2,071 SF building on 0.56 acre in Lockhart, TX
      1030 S Guadalupe St, Lockhart, TX 78644
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two adjacent properties ideal for redevelopment or expansion.
    Where is this commercial land located?
    The property is located at 1002 Proctor St Lockhart, TX.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Includes adjacent property at 1006 Proctor St.; Seller prefers to sell both properties as a package.; Great investment opportunity.
    (512) 227-4481
    We can help!
    Listing Contact
    Quartermetra Hughes
    Quartermetra Hughes
    Real Estate License ID: 693843,PersonLicenseNumber
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!