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

    1669-A County Road 328 Milano, TX 76556

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $875,000

    Land with lake, woods, and recreational opportunities near Milano, TX.

    Lot size:
    70.00 Acres

    Property Features for 1669-A County Road 328

    General Information

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

    We can help!

    Listing Contact
    John Dean
    John Dean
    Source: Elliman

    Listing Agency: TX Rec Land Real Estate Listing Agent: John Dean

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

    Learn more

    Overview

    Secluded 70-Acre Recreational Retreat

    This approximately 70-acre property, located just south of Milano, Texas, presents a secluded retreat. The land features a nearly 2-acre lake, fed by the consistently flowing Sugar Mill Branch Creek, creating a habitat suitable for bass. The creek area includes standing timber and lily pads, potentially attracting waterfowl. Approximately 60% of the property is wooded with oaks, yaupons, elms, and cedars, providing space for hunting deer and hogs. The property is suitable for recreational activities such as hunting, fishing, horseback riding, and ATV riding. There are no restrictions in place other than for large, commercial chicken farms. The property is accessed via County Road 328, located minutes from Highway 36, approximately 45 minutes from Bryan, 20 minutes from Caldwell, and 10 minutes from Milano, offering access to the Texas Triangle.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Hotel & Motel Accounting Firm Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Milano
    County
    Milam
    State
    Texas
    Longitude
    -96.8275602
    Latitude
    30.6331179

    Nearby Similar for Sale

    • Contact for pricing
      3,048 SF

      Milano Commercial Property For Sale

      Commercial property in Milano, TX, available 1/15/26.
      221 Avenue C E, Milano, TX 76556
      View Details
    • $585,000

      Unrestricted Milano Property with Pond

      33.8 acre property with pond, ideal for residential/commercial use.
      33.8+/- Acres Hwy 36 N, Milano, TX 76556
      View Details
    • $135,000

      Milano, TX Agricultural Property

      Agricultural property for sale in Milano, Texas.
      363 Private Road 3745, Milano, TX 76556
      View Details

    FAQs

    What type of property is this?
    Farm - Land with lake, woods, and recreational opportunities near Milano, TX.
    Where is this farm located?
    The property is located at 1669-A County Road 328 Milano, TX.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Nearly 2-acre lake fed by year-round creek, ideal for fishing and creating family memories.; - 70-acre property with 60% wooded area, offering hunting opportunities for deer and hogs.; - Unrestricted land (except for commercial chicken farms) allowing for building a home, shop, barn, or recreational use.
    (512) 540-1555
    Request Owner's contact information
    1669-A County Road 328 Milano, TX 76556
    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.
    1669-A County Road 328
    Milano, TX 76556
    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
    1669-A County Road 328 Milano, TX 76556
    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
    John Dean
    John Dean
    Real Estate License ID: 0634018
    (512) 540-1555
    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!