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

    1688 E State Highway 71 Byp, Unit 71 La Grange, TX 78945

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    Vintage farmhouse on 13.78 acres near La Grange, Texas.

    Lot size:
    13.78 Acres

    Property Features for 1688 E State Highway 71 Byp

    General Information

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

    Building Details

    Year built
    1947

    We can help!

    Listing Contact
    Tanya Schindler
    Source: Elliman

    Listing Agency: South Central Real Estate Listing Agent: Tanya Schindler

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

    Learn more

    Overview

    1932 Farmhouse on 13+ Acres

    This vintage two-story farmhouse, built in 1932, is situated on 13.78 acres of gently rolling land just outside La Grange, Texas. The property features mature trees and a peaceful creek setting. The downstairs area includes a spacious living room, a formal dining room, and a kitchen equipped with a gas range and plumbing for two dishwashers, as well as extra freezer space. Additionally, there is a bedroom, a full bathroom, and a laundry room with a sliding barn door on the first floor. Upstairs, the home offers three bedrooms, another full bathroom, and a large primary suite with an unfinished ensuite. The staircase is incomplete and lacks a handrail, and the upper level does not have air conditioning. This is a court-ordered sale, presenting an opportunity to restore a classic home in a private setting. All contracts are subject to court approval.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.850168
    Latitude
    29.915777

    Nearby Similar for Sale

    • $775,000
      3,397 SF

      La Grange Estate on 2.4 Acres

      Spacious 4-bedroom home with river views and mature trees.
      601 Country Club Ct, La Grange, TX 78945
      View Details
    • $915,000
      Pending

      Spacious Home on 3 Acres

      4-bedroom home with shop near downtown La Grange, TX.
      1820 Guenther Rd, La Grange, TX 78945
      View Details
    • $449,000
      2,634 SF

      La Grange Town Square Opportunity

      Versatile commercial property in historic La Grange town square.
      227 West Travis St, La Grange, TX 78945
      View Details
    • New
      $850,000
      2,940 SF

      Unrestricted Land with Comfortable Home

      25 unrestricted acres with home near Austin and Houston.
      7600 Race Track Rd, La Grange, TX 78945
      View Details
    • $185,000
      1,152 SF

      La Grange Property on 0.446 Acres

      0.446-acre property 3 miles west of La Grange, TX.
      4002 State Highway 71 Byp, La Grange, TX 78945
      View Details
    • $375,000
      Pending

      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
    • $599,900
      Pending

      La Grange Acreage with Improvements

      33+ acres in La Grange with county road frontage.
      3403 Knape Rd, La Grange, TX 78945
      View Details
    • $825,000
      1,682 SF

      Farmhouse on 10.5 Rolling Acres

      Authentic 1900s farmhouse with pond, pole barn, and storage.
      1900 Baron Rd, La Grange, TX 78945
      View Details
    • $349,000
      Pending

      Charming Remodeled A-Frame Home

      Secluded remodeled A-frame home on Siesta Lake, La Grange.
      232 Clear Lake Dr, La Grange, TX 78945
      View Details
    • $629,999
      2,556 SF

      Historic Restored Manor on Acreage

      Lovingly restored historic manor on 1.23 acres, suitable for B&B.
      Bednar Ln, La Grange, TX 78945
      View Details
    • $950,000
      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
    • $625,000
      3,200 SF

      La Grange Barndominium on Acreage

      Well-maintained barndominium on 9+ acres near La Grange, TX.
      917 Bordovsky Rd, La Grange, TX 78945
      View Details

    FAQs

    What type of property is this?
    Farm - Vintage farmhouse on 13.78 acres near La Grange, Texas.
    Where is this farm located?
    The property is located at 1688 E State Highway 71 Byp, Unit 71 La Grange, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 13.78 Acres of Land; - Vintage 1932 Farmhouse (with character); - Court-Ordered Sale (potential for deal)
    (361) 865-2563
    Request Owner's contact information
    1688 E State Highway 71 Byp, Unit 71 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.
    1688 E State Highway 71 Byp, Unit 71
    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
    1688 E State Highway 71 Byp, Unit 71 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
    Tanya Schindler
    Real Estate License ID: 0510632
    (361) 865-2563 (979) 743-1734 (979) 743-1737
    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!