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    Hill Country Living on Acreage Title is generated by Realmo AI

    182 Lantana Lane, Maxwell, TX 78656

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    Claim this Listing
    For Sale
    $745,000

    Spacious home on 16 acres with barn and pond.

    Type:Farm
    Lot size:
    16.00 Acres
    Added:
    Sep 18, 2025
    Days on Market:
    259
    Last Refresh:
    May 19 at 8:42 pm

    Property Features for 182 Lantana Lane

    General Information

    Standard status
    Active
    Lot size
    16.00 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    Adrianne Craft

    Listing agent Adrianne Craft License #License

    Listing office Austin SW

    Listing date Sep 18, 2025

    Source Kw

    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 Austin SW

    HighLights

    • 16+/- acre Hill Country property with private gated entrance and scenic views.
    • Barn with heat‑reflective roof paint offers ample storage for 11 round bales of hay and farm equipment.
    • Primary retreat features a walk‑in closet, spa‑style bath with separate tub and shower, plus versatile flex space.
    • Jumbo laundry/utility room doubles as a 'command center' with built‑in desk, counters, and shelving.
    • Gently rolling land includes a pond, campfire area, and trails with obstacles for horse riding.
    • Agricultural exemption for wildlife management provides lower taxes.

    Overview

    Located in the heart of the Hill Country, this property features a one-story home on 16 acres. The property includes a barn with heat-reflective roof paint, multiple storage buildings, and space to house 11 round bales of hay plus farm equipment. The barn is designed to provide ample room and protection from intense summer and winter weather. The home features views from the front porch and side deck. The interior features an open layout with upgraded tile flooring. The primary retreat includes a walk-in closet, spa-style bath with separate tub and shower, and a flex space suitable for an office, home gym, or dressing room. The secondary bedrooms are generously sized, and the laundry/utility room includes a built-in desk, counters, and shelving. Additional interior spaces include a sunroom behind the kitchen, a dedicated storage room with floor-to-ceiling shelving, and a bonus space at the back of the home that has served as a tack room but could be used as a media room, game room, or second living area. The property, accessed via a private gated entrance, features gently rolling land with a pond and campfire area. Trails have been cut through the more rugged areas with obstacles and jumps for horse riding. An agricultural exemption for wildlife management helps keep taxes low. The property is located minutes from major retail, restaurants and entertainment and 10 minutes to the tollway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Maxwell
    County
    Caldwell
    State
    Texas
    Longitude
    -97.7685
    Latitude
    29.9438

    FAQs

    What type of property is this?
    Farm - Spacious home on 16 acres with barn and pond.
    Where is this farm located?
    The property is located at 182 Lantana Lane Maxwell, TX.
    What is the asking price?
    The asking price for this property is $745,000.
    What are key features of this property?
    This property features: 16+/- acre Hill Country property with private gated entrance and scenic views.; Barn with heat‑reflective roof paint offers ample storage for 11 round bales of hay and farm equipment.; Primary retreat features a walk‑in closet, spa‑style bath with separate tub and shower, plus versatile flex space.
    (512) 387-0165
    We can help!
    Listing Contact
    Adrianne Craft
    Real Estate License ID: License
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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.

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