Bastrop Land with Commercial
For Sale
$2,200,000
1540 N State Highway 95, Bastrop, TX 78602
19.5 acres near Bastrop suitable for various commercial uses.
Property Size4,736 SF
Lot Size19.50 Acres
Price / SF$464.53
Days on Market210
Property Features for 1540 N State Highway 95
General Information
Standard status
Active
Size
4,736 SF
Lot size
19.50 Acres
Property subtype
Farm
Taxes and HOA fees
Annual Taxes
$6,867
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Cheryl Fowlkes · License #574464
(512) 749-8509
Source:
Exprealty
Added: Mar 13
Changed: Sep 30
Last Checked: Oct 7 at 5:04PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 19.5-acre property presents an opportunity for residential or commercial development. The land includes an existing house, built in the 1940s, featuring original wood floors, two bedrooms, and two bathrooms. The house is currently occupied by the owners and has electric heating and window units but no central air. A second, uninhabitable home is present on the property. The property is being sold as-is. An older horse barn provides shelter. The site has over 300 feet of road frontage and is suitable for commercial uses such as storage or an RV park. The property is located approximately 9.5 miles from Elgin and 7.5 miles from Bastrop, offering convenient access to Lake Bastrop, Post Pines, and Bastrop Town Center. The land is abundant with wildlife and has a wildlife exemption. Nice oaks and mesquite trees are present on the property. A creek runs through the back, with approximately 3 acres located on the other side, accessible by crossing the creek, which typically only flows during heavy rains. The property is not part of the Houston Toad area. Bastrop is known for its pine and oak trees.
Key Highlights
- 19.5 acres suitable for residential or commercial development such as an RV park or storage facility.
- Over 300' of road frontage, enhancing commercial potential.
- Convenient location: short drive to Lake Bastrop, Post Pines, and Bastrop Town Center; approx. 9.5 miles from Elgin and 7.5 miles from Bastrop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,599
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,980
$1.5M
Cap Rate 7%
$1,037,129
$1.0M
Cap Rate 9%
$806,656
$806.7K
Market Conditions
NOI Build-Up for 4,736 SF
Gross rent
$139.2K $29.40/SF
− Vacancy
−$7.2K −$1.53/SF
EGI
$132.0K $27.87/SF
− OpEx
−$59.4K −$12.54/SF
NOI
$72.6K $15.33/SF
Area
Bastrop County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,980
Cap Rate 7%
$1,037,129
Cap Rate 9%
$806,656
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$907.5K – $1.21M
NOI $72,599 @ 7.0% cap · market cap 3.30%
Second Best
Self Storage
$698.2K
$610.9K – $814.6K
NOI $48,873 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,912 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 78602, TX
33,759
Population
13,485
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
87%
High-School Grad
195.3 sq mi
ZIP Area
173
Density / Sq Mi
$86,976
Median Household Income
$41,644
Median Earnings
$1,331
Median Rent
$310,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - 19.5 acres near Bastrop suitable for various commercial uses.
Where is this commercial land located?
The property is located at 1540 N State Highway 95 Bastrop, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 19.5 acres suitable for residential or commercial development such as an RV park or storage facility.; Over 300' of road frontage, enhancing commercial potential.; Convenient location: short drive to Lake Bastrop, Post Pines, and Bastrop Town Center; approx. 9.5 miles from Elgin and 7.5 miles from Bastrop.
