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

    2 Crk 2268 Rd Lampasas, TX 76550

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $410,000

    29.5 acres of land near Lampasas, Texas.

    Lot size:
    29.50 Acres

    Property Features for 2 Crk 2268 Rd

    General Information

    Lot size
    29.50 Acres

    We can help!

    Listing Contact
    Terri Harris
    Terri Harris
    Source: Elliman

    Listing Agent: Terri Harris

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

    Learn more

    Overview

    29.5 Acres in Lampasas, TX

    This property features approximately 29.5 acres of land, with the exact acreage to be determined by survey. Additional acreage may be available. The land is suitable for building a home or placing a manufactured home. Corix water and Hamilton County Electric Co-Op services are available. A septic system will be required. The property includes tree cover, providing a habitat for wildlife, and is fenced on two sides and the back. It offers views of the surrounding hill country in a quiet, peaceful setting. The location is a few miles from Lampasas, offering convenient access to shopping while maintaining a rural environment. The land is currently agricultural exempt, resulting in lower property taxes. It is located within the Lampasas Independent School District. The property is approximately one hour from Austin, making it suitable for a full-time residence or a weekend retreat.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.2303
    Latitude
    31.1064

    Nearby Similar for Sale

    • $9,500,000
      4,203 SF

      Texas Exotic Game Ranch Retreat

      367-acre ranch with luxury home, barns, and recreational opportunities.
      6101 County Road 208, Lampasas, TX 76550
      View Details
    • $7,777,000
      378.00 Acres

      Historical Lampasas Gem Ranch

      378-acre high-fenced ranch featuring Sulphur Creek and event facilities.
      190 Private Road 3011, Lampasas, TX 76550
      View Details
    • $22,273,260
      2,819.40 Acres

      Expansive Ranch in Lampasas County

      2819.4-acre ranch with residences, hunting cabins, and abundant wildlife.
      7947 Cr 1255, Lampasas, TX 76550
      View Details
    • $395,000
      2,454 SF

      Lampasas Retail/Office Ready Space

      Well-maintained retail/office space with versatile layout and recent updates.
      611 Central Texas Expy, Lampasas, TX 76550
      View Details
    • $425,000
      29.37 Acres

      Texas Hill Country Ranch Land

      29-acre ranch near Lampasas with pond, trees, and building site.
      Rd 106, Lampasas, TX 76550
      View Details
    • $240,000
      3,515 SF

      Charming Commercial Property in Lampasas

      Versatile commercial space with historic charm and modern potential.
      107 W 5Th St, Lampasas, TX 76550
      View Details
    • $550,000
      5,306 SF

      Lampasas Triplex with Highway Frontage

      Well-maintained triplex near shopping with owner-occupancy potential.
      613 Central Texas Expy #A, Lampasas, TX 76550
      View Details
    • New
      $225,000
      2,240 SF

      Lampasas Commercial Investment Opportunity

      Highway frontage property with rental income potential in Lampasas, TX.
      309 S Key Ave, Lampasas, TX 76550
      View Details
    • $690,000
      2,331 SF

      Commercial Office Building in Lampasas

      Commercial office building with four offices, reception, and kitchenette.
      408 N Key Ave, Lampasas, TX 76550
      View Details
    • New
      $380,000
      6,088 SF

      Lampasas Commercial Investment Opportunity

      Commercial property with three units and highway frontage in Lampasas.
      S Key Ave, Lampasas, TX 76550
      View Details
    • $475,000
      2,520 SF

      Prime Commercial Building in Lampasas

      Commercial building in the heart of Lampasas with high visibility.
      904 S Key Ave, Lampasas, TX 76550
      View Details
    • $425,000
      0.29 Acres

      Lampasas Steel-Framed Commercial Building

      2500 SF steel building on corner lot in Lampasas.
      107 W 10Th St, Lampasas, TX 76550
      View Details

    FAQs

    What type of property is this?
    Farm - 29.5 acres of land near Lampasas, Texas.
    Where is this farm located?
    The property is located at 2 Crk 2268 Rd Lampasas, TX.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: - Approximately 29.5 acres (TBD by survey) with additional acreage available.; - Corix water and Hamilton County Electric Co-Op available.; - Agricultural exempt land for cheaper taxes.
    (512) 734-2818
    Request Owner's contact information
    2 Crk 2268 Rd Lampasas, TX 76550
    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.
    2 Crk 2268 Rd
    Lampasas, TX 76550
    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
    2 Crk 2268 Rd Lampasas, TX 76550
    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
    Terri Harris
    Terri Harris
    Real Estate License ID: 0298895
    (512) 734-2818
    Learn more
    Google sign-in failed. Please try again or use another login method.