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    Colorado St Lockhart, TX 78644

    For Sale
    $12,000,000

    Prime 191-acre tract near downtown. High development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 191.39-acre mixed-use development site presents a compelling investment opportunity in Lockhart, Texas, renowned as the "BBQ Capital of the World." Situated approximately one mile north of the vibrant downtown area, this property boasts unparalleled access to major transportation arteries. Highway 183 and Texas Highway 130 are easily accessible via Farm to Market Road 2001, ensuring seamless connectivity for residents and businesses alike. The property's zoning is diverse, encompassing Residential High Density, Residential Low Density, and Agricultural designations on the Highway 183 frontage. The rear portion of the land extends beyond city limits, offering flexibility in development plans. This strategic location within a Texas Opportunity Zone further enhances its investment appeal, providing potential tax advantages for qualified investors. The expansive acreage provides ample room for a variety of development projects, from residential communities to commercial ventures, capitalizing on Lockhart's growing popularity and robust economy. This is a rare chance to acquire a significant land holding in a thriving Texas market. The scale and location of this property make it ideal for large-scale development projects.

    Property Features for Colorado St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    8,336,948 SF

    Building Details

    Year Built
    1701
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.67041
    Latitude
    29.88501

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    FAQs

    What type of property is this?
    Mixed-use property - Prime 191-acre tract near downtown. High development potential.
    Where is this mixed-use property located?
    The property is located at Colorado St Lockhart, TX.
    What is the asking price?
    The asking price for this property is $12,000,000.
    (512) 472-2100
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    Colorado St 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
    Colorado St Lockhart, TX 78644
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