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

    1600 Fm-970 Florence, TX 76527

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,350,000

    100 acres of flat pasture land ready for development.

    Type:Farm and Ranch Properties
    Lot size:
    100.00 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    17
    Last Refresh:
    Mar 31 at 4:36 am

    Property Features for 1600 Fm-970

    General Information

    Standard status
    Active
    Lot size
    100.00 Acres
    Property subtype
    Farm and Ranch Properties

    We can help!

    Listing Contact
    Lucy Yang

    Listing agent Lucy Yang

    Listing office

    Listing date Mar 31, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Lucy Yang

    Overview

    100 Acres of Pasture Land

    This property features 100 acres of flat pasture land, presenting a development opportunity. The location offers views. The property is located in an area with a bike score of 29, indicating it is somewhat bikeable, and a walk score of 5, suggesting car dependence.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Storage Facility Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Williamson
    State
    Texas
    Longitude
    -97.8100389
    Latitude
    30.8249233

    Nearby Similar for Sale

    • $378,000

      Scenic Land in Florence, Texas

      10.7 acres of Texas land, ideal for custom home.
      999 County Road 217, Florence, TX 76527
      View Details
    • $169,000

      Residential Land in Gated Community

      1.2-acre homesite in private winery community near Georgetown, Texas.
      138 Strada Luca lot: 67, Florence, TX 76527
      View Details
    • $125,000

      Residential Lot Near Downtown Florence

      Oversized residential lot near downtown Florence with utilities available.
      101 West Avenue lot: 1-2Pt, Florence, TX 76527
      View Details
    • $200,000

      Residential Land in Florence, TX

      2.16-acre lot for custom home with easy access.
      430 County Road 220 lot: 12, Florence, TX 76527
      View Details
    • $649,000

      Texas Land with Pond

      32.18 acre ranch property with pond near Florence, TX.
      2501 County Road 224, Florence, TX 76527
      View Details
    • $325,000

      20.154 Acres in Florence, TX

      20.154 acres of land with agricultural exemption near Highway 183.
      TBD1 County Road 221, Florence, TX 76527
      View Details
    • $550,000

      Texas Land with Serene Ponds

      Nearly 12 acres with ponds, trees, and open space.
      19150 Stillman Valley Road, Florence, TX 76527
      View Details
    • $1,400,000

      Ranch Home on 19 Acres

      Ranch-style home on nearly 19 acres of open land.
      1950 CR 221, Florence, TX 76527
      View Details
    • $1,200,000
      6,000 SF

      Florence Flex Building on Two Acres

      6,000 square foot flex building on 2 unrestricted acres.
      383 Williamson County, Florence, TX 76527
      View Details
    • $189,000

      Premier Homesite in Gated Community

      2.13-acre homesite with Hill Country views and resort-style amenities.
      634 Strada Luca lot: 134, Florence, TX 76527
      View Details
    • $185,000

      Residential Land in Florence, TX

      5 acre homesite in a charming Texas town.
      Firefly Road, Florence, TX 76527
      View Details
    • $695,000

      21.5 Acres Near Downtown Florence

      21.5 acres ideal for horses or cattle near downtown.
      840 County Road 226 Rd, Florence, TX 76527
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 100 acres of flat pasture land ready for development.
    Where is this agricultural land / farmland located?
    The property is located at 1600 Fm-970 Florence, TX.
    What is the asking price?
    The asking price for this property is $4,350,000.
    What are key features of this property?
    This property features: 100 acres of flat pasture land ready for development; Views for miles; Great location
    (512) 699-4953
    We can help!
    Listing Contact
    Lucy Yang
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!