Farm Property with
1501 Boggy Creek Road, Lockhart, TX 78644
For Sale
$1,490,000
A shop, two small residences, and electric-equipped container buildings provide a range of on-site spaces.
Property Size7,260 SF
Price / SF$205.23
Days on Market298
Property Features for 1501 Boggy Creek Road
General Information
Standard status
Size
Property subtype
Amenities
Storage
Building Details
Building Size
Year Built
Listing Agency:
TS Realty
Listed By:
Elizabeth Schmidtberger
(210) 269-9940
Source:
Herbstrealestate
Added: Jan 19
Changed: Nov 10
Last Checked: Nov 12 at 10:13AM
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 TS Realty
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Investment Insights
Based on property information with market context.
This farm property includes a shop of nearly 8,000 square feet, two small residences, and multiple container buildings with electricity. One residence has 3 bedrooms and 2 bathrooms; the separate one-room house includes a bathroom. The shop is built on a slab, and a hot tub sits on its own slab. The property was built in 2022.
Outdoor features include mature trees, creek frontage, open areas, partial cross-fencing, and a private well. Access is via a private road, with caliche and gravel surfaces. There is no HOA.
Outdoor features include mature trees, creek frontage, open areas, partial cross-fencing, and a private well. Access is via a private road, with caliche and gravel surfaces. There is no HOA.
Key Highlights
- Shop measuring nearly 8,000 sq. ft., built on a slab
- One residence has 3 bedrooms and 2 bathrooms
- Separate one‑room house includes its own bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,958
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,160
$1.3M
Cap Rate 7%
$927,971
$928.0K
Cap Rate 9%
$721,756
$721.8K
Market Conditions
NOI Build-Up for 7,260 SF
Gross rent
$108.0K $14.88/SF
− Vacancy
−$15.2K −$2.10/SF
EGI
$92.8K $12.78/SF
− OpEx
−$27.8K −$3.83/SF
NOI
$65.0K $8.95/SF
Area
Caldwell County, TX
Vacancy
14.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,160
Cap Rate 7%
$927,971
Cap Rate 9%
$721,756
Alternative Uses
Best Use
Industrial
$928.0K
$812.0K – $1.08M
NOI $64,958 @ 7.0% cap · market cap 4.36%
Second Best
Flex RnD
$861.7K
$754.0K – $1.01M
NOI $60,318 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $199,147 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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Business Placement
Demographics for 78644, TX
20,813
Population
7,660
Households
2.7
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
179.9 sq mi
ZIP Area
116
Density / Sq Mi
$72,155
Median Household Income
$40,085
Median Earnings
$1,162
Median Rent
$242,900
Median Home Value
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Market
Properties on Market for Farms in Caldwell County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Farm - A shop, two small residences, and electric-equipped container buildings provide a range of on-site spaces.
Where is this farm located?
The property is located at 1501 Boggy Creek Road Lockhart, TX.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Shop measuring nearly 8,000 sq. ft., built on a slab; One residence has 3 bedrooms and 2 bathrooms; Separate one‑room house includes its own bathroom
