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

    4003 State Hwy, Unit 159 La Grange, TX 78945

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $749,000

    26.879 acres with farmhouse, barns, and paddocks near LaGrange.

    Lot size:
    26.88 Acres

    Property Features for 4003 State Hwy

    General Information

    Lot size
    26.88 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    William Harris
    Source: Elliman

    Listing Agent: William Harris

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

    Learn more

    Overview

    La Grange Farmhouse and Barns

    This 26.879-acre property is located just 3.7 miles east of La Grange. It features a historic 1920s farmhouse filled with Texas charm, suitable for comfortable living or future updates. Multiple outbuildings, including an equipment barn, hay barn, and guest quarters, are present. The land includes open pasture and scattered hardwoods, along with a stock tank and seasonal creek. Fenced and cross-fenced into multiple paddocks, it is ideal for livestock, horses, or agricultural use. Utilities are already in place, including a water well, electricity, and septic system. This property offers potential as a working farm, a weekend retreat, or an investment in the growing La Grange area.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.9311
    Latitude
    29.8569

    Nearby Similar for Sale

    • $1,495,000
      2,976 SF

      La Grange Hilltop Home & Acreage

      Home with premiere hilltop views, ideal for homestead or rental.
      4214 Old College Rd, La Grange, TX 78945
      View Details
    • $969,000
      2,330 SF

      Updated Ranch Home on 11 Acres

      Updated ranch home on 11 acres near Round Top.
      5715 Texas 159, La Grange, TX 78945
      View Details
    • $495,000
      912 SF

      Charming Farmhouse on Rolling Green Pastures

      Charming 2-bedroom farmhouse on 13+/- acres with updated features.
      140 Ronnie Rd, La Grange, TX 78945
      View Details
    • $1,395,000
      4,212 SF

      Historic Victorian Home on Acreage

      Five-bedroom home on 5.282 acres near town square.
      541 North Main St, La Grange, TX 78945
      View Details
    • $375,000
      2,920 SF

      Farmhouse on 13+ Acres

      Two-story farmhouse on 13.78 acres near La Grange, Texas.
      1688 State Highway 71 Byp, La Grange, TX 78945
      View Details
    • $915,000
      4,138 SF

      Spacious Home on 3 Acres

      4-bedroom home with shop near downtown La Grange, TX.
      1820 Guenther Rd, La Grange, TX 78945
      View Details
    • $985,000
      5,625 SF

      Modern Barndominium on 10.5 Acres

      Custom barndominium on 10.5 acres with modern finishes.
      3789 Texas 159, La Grange, TX 78945
      View Details
    • $675,000
      3,744 SF

      La Grange Farm Ranch Residence

      Two-story home on 4.53 acres with guest quarters and workshop.
      2040 W Guenther Ln, La Grange, TX 78945
      View Details
    • $625,000
      2,795 SF

      La Grange Farm-Ranch Residence

      Spacious home with open-concept kitchen, large shop, and convenient location.
      407 North Raymond Rd, La Grange, TX 78945
      View Details
    • $975,000
      2,380 SF

      Rustic Cabin on 12 Acres

      Charming log cabin on 12+ acres near Round Top.
      3700 Bear Creek Rd, La Grange, TX 78945
      View Details
    • $2,395,000
      5,558 SF

      Spacious Home on 56-Acre Property

      Impressive 5,558 square foot home on 56.115 acres in La Grange.
      2103 Farm To Market Rd 1965, La Grange, TX 78945
      View Details
    • $1,377,490
      99.10 Acres

      La Grange Acreage with Creek

      99.1 acres with creek frontage near La Grange, TX.
      Tbd Mode Ln, La Grange, TX 78945
      View Details

    FAQs

    What type of property is this?
    Farm - 26.879 acres with farmhouse, barns, and paddocks near LaGrange.
    Where is this farm located?
    The property is located at 4003 State Hwy, Unit 159 La Grange, TX.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Large Acreage at an Attractive Price: 26.879 acres offered under $28K per acre.; - Convenient Location: Situated just 3.7 miles east of La Grange, TX.; - Historic Farmhouse: Features a charming 1920s farmhouse, suitable for immediate living or renovation.
    (832) 913-9356
    Request Owner's contact information
    4003 State Hwy, Unit 159 La Grange, TX 78945
    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.
    4003 State Hwy, Unit 159
    La Grange, TX 78945
    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
    4003 State Hwy, Unit 159 La Grange, TX 78945
    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
    William Harris
    (832) 913-9356
    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.