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    885 Hwy 71 Hwy Bastrop, TX 78602

    For Sale
    $1,100,000

    Prime Bastrop location, 3.55 acres, multiple uses.

    Property size:
    2,883 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property, situated on 3.55 acres along Highway 71 in Bastrop, Texas, presents a unique investment opportunity. Located just outside city limits, within the Bastrop ETJ (Extra Territorial Jurisdiction), this property boasts a versatile layout ideal for a variety of commercial and residential ventures. The property includes a 1,683 square foot, two-bedroom, two-bathroom house, per tax records. A substantial metal building adds significant commercial potential, offering approximately 2,400 square feet of combined carport and enclosed shop space, complete with a bathroom and an overhead delivery door. This building offers ample room for expansion. The septic system serving the metal building has been recently replaced, ensuring efficient waste management. The home is serviced by its own separate septic system. A wet weather pond is also located on the property. It's important to note that a 100-year floodplain encroaches onto a portion of the property, originating from the pond. A survey included in the listing documents provides an approximate delineation of the floodplain

    Property Features for 885 Hwy 71 Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,883 SF
    Lot Size
    154,638 SF

    Building Details

    Year Built
    2016
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.38467
    Latitude
    30.10988

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Bastrop location, 3.55 acres, multiple uses.
    Where is this mixed-use property located?
    The property is located at 885 Hwy 71 Hwy Bastrop, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (512) 267-1186
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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
    885 Hwy 71 Hwy Bastrop, TX 78602
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