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

    846 State Hwy, Unit 71 Smithville, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with highway frontage, near airport and hospital.

    Lot size:
    11.73 Acres

    Property Features for 846 State Hwy

    General Information

    Lot size
    11.73 Acres

    We can help!

    Listing Contact
    Danny Nguyen, Ccim
    Danny Nguyen, Ccim
    Source: Moodyscre

    Listing Agency: Danny Nguyen Commercial Listing Agent: Danny Nguyen, Ccim

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

    Learn more

    Overview

    Highway Frontage Land For Sale

    This commercial land offers approximately 1,108 feet of frontage on Highway 71. The property is located approximately 40 miles from Austin and less than two hours from Houston. It is situated less than 3 miles from the only airport in Bastrop County and approximately 5 miles from the only full-service hospital in Bastrop County. Additionally, the site is approximately 21 miles from Hyatt Lost Pines, a 405-acre resort. Smithville has the only recycling center in Bastrop County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Smithville
    County
    Bastrop
    State
    Texas
    Longitude
    -97.1594321
    Latitude
    30.0085542

    Nearby Similar for Sale

    • $410,000
      1,212 SF

      Farm Ranch in Smithville, TX

      Inviting 2-bedroom home on 6.75 acres near Smithville.
      174 Easley Rd, Smithville, TX 78957
      View Details
    • $750,000
      1,987 SF

      Luxury Living Near Downtown Smithville

      1.7-acre property with pool, detached garage, and treehouse.
      194 2-Mile Ln, Smithville, TX 78957
      View Details
    • $3,875,000

      Industrial Property in Smithville, TX

      Industrial property available for sale in Smithville, Texas.
      2502 Highway 304, Smithville, TX 78957
      View Details
    • $450,000

      Land For Sale

      Land available for purchase.
      Mitchell St, Smithville, TX 78957
      View Details
    • $2,286,886

      Smithville Agricultural Property for Sale

      Agricultural property available in Smithville, Texas.
      1400 Fm 535, Smithville, TX 78957
      View Details
    • $337,500

      Smithville Ranch Land For Sale

      Ranch land available in Smithville, Texas.
      3 Big Sky Rnch Rd, Smithville, TX 78957
      View Details
    • $1,700,000

      Manicured Ranch Land Near Austin

      56 acres of ranch land, 10 minutes from Smithville.
      431 Nink Rd, Smithville, TX 78957
      View Details
    • $3,300,000

      Texas Century Farm Opportunity

      Century farm near Tesla and Starlink, poised for growth.
      000 Easely Rd, Smithville, TX 78957
      View Details
    • $1,950,000

      Smithville Agricultural Property For Sale

      Agricultural property available in Smithville, Texas.
      2656 River Bend Rd, Smithville, TX 78957
      View Details
    • Contact for pricing

      Turnkey Business and Real Estate

      16,440 SF facility on over 14 acres.
      427 Easley Rd, Smithville, TX 78957
      View Details
    • $342,500

      Remodeled Duplex Near Main Street

      Two remodeled homes on .25 acres near Main Street.
      112 Gazley A & B St, Smithville, TX 78957
      View Details
    • $475,000
      2,100 SF

      Smithville Retail Property: Prime Location

      Historic building, thriving business, courtyard.
      108 2Nd St, Smithville, TX 78957
      View Details

    FAQs

    What type of property is this?
    Land - Land with highway frontage, near airport and hospital.
    Where is this land located?
    The property is located at 846 State Hwy, Unit 71 Smithville, TX.
    What are key features of this property?
    This property features: - Approx. 1,108 ft of Frontage on HWY 71; - Less than 3 mi. to the only airport in Bastrop County; - Approx. 40 miles from Austin
    (713) 270-5400 Call to check price and availability
    Request Owner's contact information
    846 State Hwy, Unit 71 Smithville, TX
    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.
    846 State Hwy, Unit 71
    Smithville, TX
    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
    846 State Hwy, Unit 71 Smithville, TX
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Danny Nguyen, Ccim
    Danny Nguyen, Ccim
    (713) 270-5400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!