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    State Park Rd Lockhart, TX 78644

    For Sale
    $14,700,000

    Prime Lockhart development land, highway access.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 367.58-acre commercial property presents a remarkable development opportunity in Lockhart, Texas. Boasting over two miles of road frontage on three sides, this expansive tract offers unparalleled visibility and accessibility. Its strategic location less than a mile from SH-130 Toll Road and 4.5 miles from Downtown Lockhart ensures convenient access to major transportation arteries and the vibrant city center. The property's potential is vast, encompassing possibilities for a large-scale residential master-planned community or substantial commercial ventures such as industrial warehouses or a manufacturing plant. Existing infrastructure includes Maxwell SUD and Aqua WSC services at the street, with city sewer approximately two miles away. A wastewater discharge permit is currently in process, streamlining the development timeline. Adding to its appeal, approximately 90 acres of the property are situated within the Lockhart extraterritorial jurisdiction (ETJ). This prime location, coupled with its substantial size and readily available utilities, makes this property an exceptional investment for discerning developers seeking a significant land acquisition in a rapidly growing Texas market. The asking price is $14,700,000. Detailed site plans and further information are available upon request.

    Property Features for State Park Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,011,785 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.66941
    Latitude
    29.87222

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Lockhart development land, highway access.
    Where is this commercial real estate located?
    The property is located at State Park Rd Lockhart, TX.
    What is the asking price?
    The asking price for this property is $14,700,000.
    (512) 729-7139
    Request Owner's contact information
    State Park Rd Lockhart, TX 78644
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    Realmo Value Estimation

    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.

    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.

    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
    State Park Rd Lockhart, TX 78644
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