137 Ranchette Street lot 24 Bastrop, TX 78602
LAND - Bastrop, TX
Property Features for 137 Ranchette Street lot 24
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 29817
- Size
- 1,024 SF
- Lot size
- 3.54 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LAKE BASTROP RANCHETTES BLK 1 LOT 24
- Tax Annual Amount
- 2584
Building Details
- Additional Structures
- Workshop
Listing agent Dee Rodgers License #0699541 (830) 263-1555
Listing office RE/MAX Freedom 705 State Park Road, TX (512) 668-4787
Listing date Jun 2, 2026
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Utilities and site improvements include one water meter on site. Electric poles are present but will need to be reconnected. A septic system is in place, though its condition is unknown and no guarantees are being offered.
The parcel offers flexibility for a range of uses on a quieter dead-end road setting, surrounded by mature trees and Loblolly pines, with proximity to Lake Bastrop amenities and access to Bastrop shopping and dining.
Key Highlights
- 3.5+ acres of two adjoining lots in Lake Bastrop Estates
- Partially built large concrete‑floored warehouse on site, suitable for storage/workspace with room to expand
- Older homestead on a concrete slab (currently not habitable), with option to rework or remove and rebuild on the slab
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.2k | $14.88 |
| − Vacancy | −$3.1k | −$3.04 |
| EGI | $12.1k | $11.84 |
| − OpEx | −$1.8k | −$1.78 |
| NOI | $10.3k | $10.07 |
