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

    470 Glass Ln Bastrop, TX 78602

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $2,000,000

    113-acre cattle ranch with stone home near Bastrop, Texas.

    Lot size:
    113.00 Acres

    Property Features for 470 Glass Ln

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Pending
    Lot size
    113.00 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Monica Broom
    Source: Elliman

    Listing Agent: Monica Broom

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

    Learn more

    Property Insight Report

    Overview

    Bastrop Ranch with Panoramic Views

    This 113+/- acre cattle ranch, located just outside of Bastrop, Texas, features a 3,345 sq ft ranch-style stone home situated atop a hill, offering panoramic views. The property is equipped with a 50x30 equipment barn, a workshop, and a water well. It is fully fenced and cross-fenced. Live water from Cedar Creek forms two boundary lines, attracting local wildlife. The property is located near the end of a paved county road, ensuring peace and privacy. Bastrop is located just an hour from Austin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Building Supply Big Box & Wholesale Store Food Market Storage Facility Grocery & Convenience Store Garden Center Car Rental Facility (Bike/Boat/Book/etc) Store Shopping Center & Mall Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3223763
    Latitude
    30.030764

    Nearby Similar for Sale

    • $698,000
      3,222 SF

      Riverfront Retreat with Income Potential

      Versatile riverfront property in Bastrop, ideal for living or investment.
      315 Riverwood Dr, Bastrop, TX 78602
      View Details
    • $1,800,000
      1,796 SF

      Bastrop Farm and Ranch Property

      121-acre farm with home, pastures, creek, and wildlife exemption.
      158 #C Synergy Dr, Bastrop, TX 78602
      View Details
    • $1,360,000

      Multi-Unit Investment Opportunity in Bastrop

      Multi-family property featuring a fourplex and two duplexes.
      251 Zimmerman Ave, Bastrop, TX 78602
      View Details
    • $10,944,000
      Pending

      Productive Pecan Orchard Along River

      608+ acre pecan farm with 2,500+ feet of river frontage.
      675 Ponderosa Rd, Bastrop, TX 78602
      View Details
    • $2,000,000
      Pending

      Bastrop Ranch with Panoramic Views

      113-acre cattle ranch featuring a 3,345 sq ft stone home.
      470 Glass Ln, Bastrop, TX 78602
      View Details
    • $379,000

      Two Mobile Homes on Acreage

      Two remodeled mobile homes on nearly an acre of land.
      264 Flaming Oak Dr, Bastrop, TX 78602
      View Details
    • $1,360,000

      Multi-Unit Investment Opportunity in Bastrop

      Multiple units for sale in Bastrop, Texas.
      251 Zimmerman Ave, Bastrop, TX 78602
      View Details
    • $995,000

      Unrestricted Property Near Bastrop

      Unrestricted property with home and shop near fast-growing Bastrop.
      885 Hwy 71 Hwy W, Bastrop, TX 78602
      View Details
    • $475,000

      488 E Kelley Rd, Bastrop, TX 78602

      Farms
      488 E Kelley Rd, Bastrop, TX 78602
      View Details
    • $990,000
      2,133 SF

      Downtown Bastrop Retail Gem

      Historic Charm, Modern Retail Space
      1011 Main St, Bastrop, TX 78602
      View Details
    • $10,944,000
      Pending

      Bastrop Agricultural Property For Sale

      Agricultural property available for purchase in Bastrop, Texas.
      675 Ponderosa Rd, Bastrop, TX 78602
      View Details
    • $420,000
      272 SF

      Bastrop Mixed-Use Property - 3 Acres

      Prime Bastrop land, ideal for RV park or business.
      562 Pine Tree Loop, Bastrop, TX 78602
      View Details

    FAQs

    What type of property is this?
    Ranch - 113-acre cattle ranch with stone home near Bastrop, Texas.
    Where is this ranch located?
    The property is located at 470 Glass Ln Bastrop, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Expansive 113+\/- acre cattle ranch.; - Beautiful 3,345 sq ft ranch-style stone home with panoramic views.; - Live water from Cedar Creek forming two boundary lines.
    (409) 200-5243
    Request Owner's contact information
    470 Glass Ln Bastrop, TX 78602
    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.
    470 Glass Ln
    Bastrop, TX 78602
    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
    470 Glass Ln Bastrop, TX 78602
    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
    Monica Broom
    (409) 200-5243 (281) 856-0808
    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!