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

    16716 Wells Rd Manor, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    87.542 acres of land between Manor and Elgin, Texas.

    Type:LAND
    Lot size:
    87.54 Acres
    Added:
    Feb 3, 2025
    Days on Market:
    423
    Last Refresh:
    Apr 1 at 9:53 pm

    Property Features for 16716 Wells Rd

    General Information

    Standard status
    Active
    Lot size
    87.54 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Zane Cole

    Listing agent Zane Cole

    Listing office JLL | Austin

    Listing date Feb 3, 2025

    Source Moodyscre

    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 JLL | Austin

    Overview

    87+ Acres Between Manor, Elgin

    This property consists of 87.542 acres of land situated between Manor and Elgin, approximately 6 miles from SH-290 and 4 miles from TX-95. The topography is generally flat, with less than 10% of the area located within a floodplain. There are no known restrictions and no zoning.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Manor
    County
    Travis
    State
    Texas
    Longitude
    -97.5569
    Latitude
    30.3408

    Nearby Similar for Sale

    • $375,000
      784 SF

      Manor Land with Development Potential

      Land in Manor with mobile home and walking trail.
      18509 Blake Manor RD, Manor, TX 78653
      View Details
    • $158,000

      LAND - Manor, TX

      Blake Manor Road, Manor, TX 78653
      View Details
    • $480,000

      1.5 Acre Manor Development Tract

      1.5 acre tract suitable for residential or commercial development.
      13118 FM1100, Manor, TX 78653
      View Details
    • Contact for pricing

      Land in Growing Austin MSA

      Land in a rapidly growing area near Austin, Texas.
      12010 FM 973, Manor, TX
      View Details
    • Contact for pricing

      Manor, TX Development Opportunity

      19.98-acre development opportunity in fast-growing Manor, Texas.
      18410 FM 969, Manor, TX 78653
      View Details
    • $2,850,000

      Land Ready for Development

      Land in Manor, Texas, ready for new development.
      13904 Old Hwy 20, Manor, TX
      View Details
    • $10,110,648

      Manor, Texas Land Opportunity

      148 acres of land in Manor, Texas for sale.
      19519 Hog Eye Rd, Manor, TX
      View Details
    • $2,850,000

      7.87 Acres Industrial Development Land

      7.87 acres of land for industrial development.
      13904 Old Hwy 20, Manor, TX 78653
      View Details
    • $1,500,000

      Prime Corner Lot For Sale

      3-acre corner lot near Taylor Ln & Blake Manor Rd.
      18327 Blake Manor Rd, Manor, TX 78653
      View Details
    • Contact for pricing
      11,524 SF

      New C-Store/Retail With Drive-Thru

      New construction retail property with drive-thru and pumps.
      18225 Blake Manor Rd, Manor, TX 78653
      View Details
    • $2,661,429

      Highway Frontage Land Available

      Land with highway frontage suitable for various commercial uses.
      14704 E US Hwy 290, Manor, TX
      View Details
    • Contact for pricing

      Land Available on SH-130

      Approximately 1.788 acres fronting SH-130 near FM 973.
      15118 Hog Eye Rd, Manor, TX
      View Details

    FAQs

    What type of property is this?
    Land - 87.542 acres of land between Manor and Elgin, Texas.
    Where is this land located?
    The property is located at 16716 Wells Rd Manor, TX.
    What is the asking price?
    The asking price for this property is $4,814,810.
    What are key features of this property?
    This property features: 87.542 acres of land; No known restrictions (no zoning); Flat topography with less than 10% in floodplain
    (512) 225-2700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zane Cole
    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!