Sign Up Successful!
You now have access to more from Realmo!
    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

    000 Mamalu Dr Bastrop, TX 78602

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $38,500

    Unbuilt lot in Tahitian Village with golf course and amenities.

    Lot size:
    0.24 Acres

    Property Features for 000 Mamalu Dr

    General Information

    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Michelle Harmon
    Michelle Harmon
    Source: Kw

    Listing Agent: Michelle Harmon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Tahitian Village Unbuilt Lot

    This is an opportunity to own an unbuilt lot within the Tahitian Village of Bastrop. The community features an 18-hole golf course, views, a clubhouse with a restaurant, and a fitness center. Outdoor recreational opportunities such as hiking, biking, and fishing are nearby. The Colorado River provides a backdrop for walks and picnics. Tahitian Village hosts events and activities throughout the year. This property is intended for residential use, allowing the construction of a dwelling.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Gym & Fitness Kitchen & Bath Travel Agency Plumbing Service Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.280455
    Latitude
    30.082282

    Nearby Similar for Sale

    • $4,750,000

      93.6 Acres Ranch on Hwy 71

      93.6 acres with rolling hills, live oaks, and pecan trees.
      Bastrop, TX 78057
      View Details
    • $1,360,000

      Multi-Unit Investment Opportunity in Bastrop

      Multiple units for sale in Bastrop, Texas.
      251 Zimmerman Ave, Bastrop, TX 78602
      View Details
    • $2,000,000

      Bastrop Ranch with Panoramic Views

      113-acre cattle ranch with stone home near Bastrop, Texas.
      470 Glass Ln, Bastrop, TX 78602
      View Details
    • $2,100,000

      Historic Brew-Pub in Bastrop, Texas

      Historic building with brew-pub, bar, and restaurant for sale.
      919 Main St, Bastrop, TX 78602
      View Details
    • $320,850

      Pastoral Property Ready for Development

      Peaceful property near Bastrop and Elgin, ready for livestock.
      1672 Sayers Rd, Bastrop, TX 78602
      View Details
    • $995,000

      Unrestricted Property Near Bastrop

      Unrestricted property with home and shop near fast-growing Bastrop.
      885 Hwy 71 Hwy W, Bastrop, TX 78602
      View Details
    • $475,000

      488 E Kelley Rd, Bastrop, TX 78602

      Farms
      488 E Kelley Rd, Bastrop, TX 78602
      View Details
    • $379,000

      Two Mobile Homes on Acreage

      Two remodeled mobile homes on nearly an acre of land.
      264 Flaming Oak Dr, Bastrop, TX 78602
      View Details
    • $1,325,000

      Highway 71 Property For Sale

      Highway 71 property in Bastrop, TX. Coming Soon.
      1045 Highway 71 W, Bastrop, TX 78602
      View Details
    • $10,944,000

      Bastrop Agricultural Property For Sale

      Agricultural property available for purchase in Bastrop, Texas.
      675 Ponderosa Rd, Bastrop, TX 78602
      View Details
    • $1,325,000

      Bastrop Specialty Property For Sale

      Specialty property available for purchase in Bastrop, Texas.
      1045 State Hwy 71 W, Bastrop, TX 78602
      View Details
    • $1,347,500

      Bastrop Agricultural Property for Sale

      Agricultural property available in Bastrop, Texas.
      147 Blue Sky Dr, Bastrop, TX 78602
      View Details

    FAQs

    What type of property is this?
    Land - Unbuilt lot in Tahitian Village with golf course and amenities.
    Where is this land located?
    The property is located at 000 Mamalu Dr Bastrop, TX.
    What is the asking price?
    The asking price for this property is $38,500.
    What are key features of this property?
    This property features: - Opportunity to build a custom home in Tahitian Village.; - Access to an 18-hole golf course.; - Enjoy the clubhouse with restaurant and fitness center.
    (512) 227-0845
    Request Owner's contact information
    000 Mamalu Dr Bastrop, TX 78602
    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.
    000 Mamalu Dr
    Bastrop, TX 78602
    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
    000 Mamalu Dr Bastrop, TX 78602
    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

    We can help!
    Listing Contact
    Michelle Harmon
    Michelle Harmon
    (512) 227-0845
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.