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

    240 Oil Field Rd Lockhart, TX 78644

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    34-acre ranch featuring a custom home and subdivision possibilities.

    Lot size:
    33.94 Acres

    Property Features for 240 Oil Field Rd

    General Information

    Standard status
    Active
    Lot size
    33.94 Acres

    We can help!

    Listing Contact
    Michelle Harmon
    Michelle Harmon
    Source: Elliman

    Listing Agent: Michelle Harmon

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

    Learn more

    Property Insight Report

    Overview

    Gentleman's Ranch with Subdivision Potential

    This unique gentleman's ranch spans approximately 34 acres and includes a custom Tilson home featuring 3 large bedrooms, 2.5 bathrooms, and a 2-car garage. The home has an open floor plan with a center island, a large pantry, and a gas stove. Large windows offer views of the surrounding ranch. The property provides a high degree of privacy, complemented by large covered porches suitable for relaxation. The land has road frontage on two sides, presenting subdivision possibilities, and the owner reports no deed restrictions. The property includes a well, two electric poles, and two septic systems. The land is fully fenced and features a seasonal pond. The barn requires some repairs due to weather-related wear.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.547994
    Latitude
    29.872886

    Nearby Similar for Sale

    • $400,000
      1,936 SF

      Renovated Duplex Across from School

      Completely renovated duplex near schools, grocery, and restaurants.
      805 Center St, Lockhart, TX 78644
      View Details
    • $1,490,000
      775 SF

      Lockhart Commercial Property with Acreage

      Nearly 40-acre Lockhart property with shop, tiny homes, and creek.
      1501 Boggy Creek Rd, Lockhart, TX 78644
      View Details
    • $400,000
      1,936 SF

      Renovated Duplex Near Lockhart High

      Completely renovated duplex near schools, grocery, and restaurants.
      805 Center St, Lockhart, TX 78644
      View Details
    • $335,000

      Lockhart Acreage with Pond

      12.22 acres in Lockhart, Texas, with pond and utilities.
      1350 Cattlemens Row, Lockhart, TX 78644
      View Details
    • Contact for pricing
      8,320 SF

      Family Dollar Store Investment Opportunity

      Family Dollar store in Fentress, TX, built in 2019.
      9200 San Marcos Hwy, Lockhart, TX 78644
      View Details
    • $350,000

      Modern Duplex in Lockhart, Texas

      Duplex in excellent condition, currently leased for $3,000 monthly.
      805 Hallie Cv, Lockhart, TX 78644
      View Details
    • $15,000,000

      306 Acres Ranch Land

      306 acres of ranch land with over a mile of Plum Creek.
      Rolling Ridge Rd, Lockhart, TX 78644
      View Details
    • $315,000

      Lockhart Agricultural Property for Sale

      Agricultural property available in Lockhart, Texas.
      1976 Old Kelley Rd, Lockhart, TX 78644
      View Details
    • $259,990

      Lockhart Specialty Property For Sale

      Specialty property available in Lockhart, Texas.
      609 Cottonwod St, Lockhart, TX 78644
      View Details
    • $2,345,379

      123 Acre Ranch Near Lockhart

      Ranch property with improved pastures and wooded area.
      3223 Old Kelley Rd, Lockhart, TX 78644
      View Details
    • $900,000
      1,500 SF

      Lockhart Mixed-Use Commercial Lots

      High-traffic location, two lots, huge potential.
      1010 Colorado St, Lockhart, TX 78644
      View Details
    • $549,000
      21.97 Acres

      21.9 Acres Farm & Ranch Land

      21.9 acres of farm and ranch land near Austin.
      Burdette Wells Rd, Lockhart, TX 78644
      View Details

    FAQs

    What type of property is this?
    Farm - 34-acre ranch featuring a custom home and subdivision possibilities.
    Where is this farm located?
    The property is located at 240 Oil Field Rd Lockhart, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - 34 Acres +/- Gentleman's Ranch; - Custom Tilson Home with Open Floor Plan and Large Windows; - Privacy and Seclusion
    (512) 227-0845
    Request Owner's contact information
    240 Oil Field Rd Lockhart, TX 78644
    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.
    240 Oil Field Rd
    Lockhart, TX 78644
    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
    240 Oil Field Rd Lockhart, TX 78644
    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 (512) 376-6900
    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!