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

    704 Hill St Smithville, TX 78957

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $55,000

    Flat city lot with utilities and fencing in Smithville.

    Lot size:
    0.15 Acres

    Property Features for 704 Hill St

    General Information

    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Stacey Schafer
    Source: Elliman

    Listing Agent: Stacey Schafer

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

    Learn more

    Overview

    Flat City Lot in Smithville

    This flat city lot is located in Smithville. Utilities are available at the street. The lot features existing fencing on the left and right sides. It is situated on a dead-end street and has alley access, though the alley is currently overgrown.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithville
    County
    Bastrop
    State
    Texas
    Longitude
    -97.1620028
    Latitude
    29.9993784

    Nearby Similar for Sale

    • $1,850,000
      48.41 Acres

      Colorado River Frontage Development Opportunity

      48 acres with 2,100+ feet of Colorado River frontage.
      665 Sh 230 Loop, 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
    • $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
    • New
      $400,000
      1,968 SF

      Historic Cafe in Smithville, TX

      Historic cafe in Smithville's Commercial Historic District, zoned CBD.
      109 NE 2Nd St, Smithville, TX 78957
      View Details
    • New
      $400,000
      10,800 SF

      Historic Pines Hotel in Smithville

      Historic 10,800 SF Pines Hotel in Smithville, Texas for sale.
      111 NE 2Nd St, Smithville, TX 78957
      View Details
    • $895,000

      Secluded Barndo on 20 Acres

      20-acre property with barndo, pond, and outdoor amenities.
      157 Cricket Hollow Ln, 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
    • $190,000

      Mixed-Use Buildings on One Lot

      Two buildings offer commercial or residential potential, ideal for customization.
      1207 NE Loop 230 Loop, 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
    • $190,000

      Mixed-Use Buildings on One Lot

      Two buildings offer versatile commercial or residential potential.
      1207 Loop 230 NE, Smithville, TX 78957
      View Details
    • $1,250,000

      Turnkey Business and Real Estate

      16,440 SF facility on over 14 acres.
      427 Easley Rd, Smithville, TX 78957
      View Details
    • $265,000

      Residential Property with Detached Garage

      Four-bedroom home on multiple lots near Smithville, Texas.
      132 Cherokee Cir, Smithville, TX 78957
      View Details

    FAQs

    What type of property is this?
    Land - Flat city lot with utilities and fencing in Smithville.
    Where is this land located?
    The property is located at 704 Hill St Smithville, TX.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Flat city lot ready for your vision.; - Utilities at the street, simplifying the building process.; - Fencing on left and right side provides some privacy.
    (512) 740-9071
    Request Owner's contact information
    704 Hill St Smithville, TX 78957
    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.
    704 Hill St
    Smithville, TX 78957
    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
    704 Hill St Smithville, TX 78957
    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
    Stacey Schafer
    (512) 740-9071
    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.