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    Remodeled Home on Two Acres Title is generated by Realmo AI

    139 Owl Creek Road, Warda, TX 78960

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    For Sale
    $389,900

    Residential (farm-ranch),Farm,Standard Frame - Warda, TX

    Type:Farm
    Property size:
    1,490 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $261/SF
    Added:
    May 14, 2026
    Days on Market:
    2
    Last Refresh:
    May 15 at 3:06 am

    Property Features for 139 Owl Creek Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Carport, Garage
    Vegetation
    Partially Wooded, Wooded
    Exterior features
    Barn(s), Barns, Partially Wooded
    Standard status
    Active
    APN
    R0002
    Size
    1,490 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2800

    Utilities

    Heating system
    Central

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Terrell Newton
    Terrell Newton

    Listing agent Terrell Newton License #596956

    Listing office Land Brokers, Inc. 609 E. SH 71, La Grange, TX

    Listing date May 14, 2026

    MLS# 156218 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Completely remodeled 3‑bedroom, 2‑bath brick home with modern updates.
    • Located on 2 acres near Warda, offering peaceful rural living.
    • Fully remodeled kitchen with new cabinetry, quartz countertops, large center island, and new appliances.
    • Features a wood‑frame barn on slab with electricity, suitable for workshop, storage, or livestock.
    • Includes a new septic system, ensuring move‑in readiness.
    • Spacious covered back porch for relaxing and entertaining.

    Overview

    Located approximately 11 miles north of La Grange near Warda, this remodeled brick home features three bedrooms and two bathrooms on 2 acres. The property includes a metal roof, slab foundation, and an attached two-car garage. A spacious covered back porch is suitable for relaxing or entertaining. The interior has been updated with fresh paint, luxury vinyl plank flooring, new interior doors, updated electrical and plumbing, and modern finishes. The remodeled kitchen flows into the living area and features new cabinetry, quartz countertops, a large center island, and new appliances. There is a spacious laundry room with pantry storage, a utility sink, and an oversized storage closet. The guest bathroom includes a double-sink vanity with quartz countertops and a tub/shower combination with tile surround. The primary suite features a walk-in tile shower, quartz vanity, and new cabinetry and fixtures. Additional upgrades include a new septic system. Outside, there is a wood-frame barn on a slab with electricity, suitable for a workshop, storage, hobbies, or livestock projects. The property offers a blend of modern updates and rural living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Warda
    County
    Fayette
    State
    Texas
    Longitude
    -96.913062
    Latitude
    30.059276

    FAQs

    What type of property is this?
    Farm - Updated three-bedroom home with barn near Warda, Texas.
    Where is this farm located?
    The property is located at 139 Owl Creek Road Warda, TX.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: Completely remodeled 3‑bedroom, 2‑bath brick home with modern updates.; Located on 2 acres near Warda, offering peaceful rural living.; **Fully remodeled kitchen with new cabinetry, quartz countertops, large center island, and new appliances.**
    (979) 968-3106
    We can help!
    Listing Contact
    Terrell Newton
    Terrell Newton
    Real Estate License ID: 596956
    Learn More
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    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
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