Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1035 Wavra Ln New Ulm, TX 78950

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,695,000

    45-acre ranch with home, shop, creek, and wildlife exemption.

    Lot size:
    45.80 Acres

    Property Features for 1035 Wavra Ln

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Active
    Lot size
    45.80 Acres

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Darrell Pfeffer
    Source: Elliman

    Listing Agency: 1851 PROPERTIES, INC Listing Agent: Darrell Pfeffer

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

    Learn more

    Overview

    Wild Turkey Ranch Near New Ulm

    The Wild Turkey Ranch is a 45-acre property located near New Ulm, Texas, and approximately 20 miles from the Round Top Antiques Fair. The property includes an open-concept main home with 3 bedrooms and 2 bathrooms, as well as an attached garage. A versatile shop on the property features an additional 400 square feet of finished living space. An RV hookup is available on the property. Redgate Creek, which is spring-fed, runs through the land. The property has a wildlife exemption and is inhabited by deer and wild turkeys.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Austin
    State
    Texas
    Longitude
    -96.518637
    Latitude
    29.875104

    Nearby Similar for Sale

    • $950,000
      4,072 SF

      Country Manor Home with Pond

      Grand country manor on 11.7 acres with pond.
      1263 Weishuhn Rd, New Ulm, TX 78950
      View Details
    • Contact for pricing

      Texas Hill Country Event Venue

      4,700 SF event venue in the Texas Hill Country.
      25200 Bernard Rd, New Ulm, TX 78950
      View Details
    • $625,000

      Colorado County Acreage with Pond

      15-acre property with pond, mobile home, and ag exemption.
      1040 Elm Crest Dr, New Ulm, TX 78950
      View Details
    • $995,000

      Secluded Texas Ranch with Ponds

      29-acre ranch near New Ulm with ponds and wildlife.
      1126 Abel Rd, New Ulm, TX 78950
      View Details
    • $475,000

      Secluded Country Living on 5 Acres

      Five-acre property featuring a well-maintained manufactured home and outbuildings.
      1079 Schuette Rd, New Ulm, TX 78950
      View Details
    • $539,000

      New Ulm Land with Structures

      5-acre property with cabin and colonial home awaiting renovation.
      1286 Oil Patch Rd, New Ulm, TX 78950
      View Details
    • $625,000
      Pending

      Unrestricted Acreage in New Ulm

      25 acres with mature trees and improved pastures in New Ulm.
      0000 Old Laake Ln, New Ulm, TX 78950
      View Details
    • $2,310,000
      Pending

      70-Acre Ranch Near Columbus, TX

      70-acre ranch with vineyard, ponds, and wildlife management.
      2080 Zimmerscheidt, New Ulm, TX 78950
      View Details
    • $3,250,000

      New Ulm Ranch with Lake

      60-acre ranch near Houston with home, lake, horse facilities.
      1725 Stokes Rd, New Ulm, TX 78950
      View Details
    • $292,916

      Unrestricted Land with Stocked Pond

      6.81 acres with mature trees and spring-fed pond.
      0001 Abel Rd, New Ulm, TX 78950
      View Details
    • $240,000

      Secluded Unrestricted Land Tract

      Four-acre unrestricted tract with loafing shed near Frelsburg and New Ulm.
      Abel Rd, New Ulm, TX 78950
      View Details
    • $299,000

      New Ulm Unrestricted Land

      5 acre property with two container homes ready for finishing.
      519 Sunflower Ln, New Ulm, TX 78950
      View Details

    FAQs

    What type of property is this?
    Ranch - 45-acre ranch with home, shop, creek, and wildlife exemption.
    Where is this ranch located?
    The property is located at 1035 Wavra Ln New Ulm, TX.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - 45± acres of land with wildlife exemption, abundant deer, and wild turkeys.; - Enjoy the open-concept 3-bedroom, 2-bath main home built in 2022.; - Spring-fed Redgate Creek runs through the property.
    (281) 796-4091
    Request Owner's contact information
    1035 Wavra Ln New Ulm, TX 78950
    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.
    1035 Wavra Ln
    New Ulm, TX 78950
    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
    1035 Wavra Ln New Ulm, TX 78950
    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
    Darrell Pfeffer
    (281) 796-4091 (979) 865-2065
    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!