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

    Round Top, TX

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Highly visible corner lot near Round Top Antiques Fair.

    Lot size:
    44.25 Acres

    Property Features for

    General Information

    Lot size
    44.25 Acres

    We can help!

    Listing Contact
    Jake Galloway
    Jake Galloway
    Source: Moodyscre

    Listing Agency: Caldwell Companies Houston Listing Agent: Jake Galloway

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

    Learn more

    Overview

    Corner Land Parcel in Round Top

    This property is a hard corner lot located at the intersection of Highway 237 and FM 1291 Road in Round Top. It features approximately 323 feet of frontage on Highway 237 and approximately 1,232 feet of frontage on FM 1291 Road. The location is highly visible and accessible, making it a desirable spot near the popular Round Top Antiques Fair, which attracts more than 100,000 visitors twice per year. Strategically situated between Houston and Austin, the property is ideal for residential or mixed-use development. It is located less than 5 miles from the Townsend Reserve residential development, which features 2 to 8-acre lots, and less than 1 mile from The Heart Field residential development, which features 6 to 30-acre lots. The property is unrestricted and has no floodplain.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Round Top
    County
    Fayette
    State
    Texas
    Longitude
    -96.6960867
    Latitude
    30.0652201

    Nearby Similar for Sale

    • $1,500,000
      2,788 SF

      Round Top Commercial Property For Sale

      Commercial property in Round Top, TX. Restaurant lease included.
      102 South Washington St, Round Top, TX 78954
      View Details
    • $4,495,000
      18,631 SF

      Iconic Dance Hall and Restaurant

      Historic Round Top venue with dance hall, restaurant, and RV park.
      550 North Washington St, Round Top, TX 78954
      View Details
    • New
      $2,800,000
      2,831 SF

      Round Top Two-Story Home

      Charming 4-bedroom home with fireplaces and spacious basement.
      533 Bybee Rd, Round Top, TX 78954
      View Details
    • $910,540
      17.18 Acres

      Round Top Acreage with Pond

      17.18 acres near Round Top with pond and pasture.
      2 South Nassau Rd, Round Top, TX 78954
      View Details
    • $1,175,000
      2,235 SF

      Round Top Farm-Ranch Retreat

      Charming property on 5+ acres, prime income opportunity.
      235 Floyd Ln, Round Top, TX 78954
      View Details
    • $1,755,000
      Pending

      Tranquil Round Top Country Retreat

      Stunning 30-acre property with move-in ready home and barn.
      1470 South Nassau Rd, Round Top, TX 78954
      View Details
    • $1,495,000
      1,492 SF

      Round Top Ranch Style Home

      13.17 acre ranch property near Round Top shopping and dining.
      524 Hackemack Rd, Round Top, TX 78954
      View Details
    • New
      $3,400,000
      9,311 SF

      Round Top Short-Term Rental Property

      Unique short-term rental property with multiple residences and income potential.
      2105 N State Highway 237, Round Top, TX 78954
      View Details
    • New
      $1,795,000
      1,514 SF

      Restored Farmhouse on Serene Estate

      Meticulously restored 1840s farmhouse on 10 acres in Round Top.
      833 Farm To Market Rd 954, Round Top, TX 78954
      View Details
    • $3,950,000
      3,716 SF

      Round Top Ranch with Farmhouse

      107-acre ranch near Round Top with updated farmhouse.
      2988 Texas 237, Round Top, TX 78954
      View Details
    • $2,249,000
      3,141 SF

      Round Top Hill Country Home

      New 4BR home on 7.14 acres with spectacular views.
      4961 Hartfield Rd, Round Top, TX 78954
      View Details
    • $1,195,000
      1,400 SF

      Farmhouse with Guest Cottage

      12.52-acre property featuring a farmhouse, guest cottage, and ponds.
      5939 Round Top Rd, Round Top, TX 78954
      View Details

    FAQs

    What type of property is this?
    Land - Highly visible corner lot near Round Top Antiques Fair.
    Where is this land located?
    The property is located at Round Top, TX.
    What are key features of this property?
    This property features: - Hard corner location offering high visibility and accessibility.; - Located near the popular Round Top Antiques Fair, attracting over 100,000 visitors twice a year.; - Unrestricted land use provides flexibility.
    (281) 664-6661 Call to check price and availability
    Request Owner's contact information
    Round Top, 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.
    Round Top, 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
    Round Top, 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 Jake Galloway
    Jake Galloway
    (281) 664-6661 (713) 690-0000
    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!