8-Acre Property with Rental
For Sale
$1,180,000
194 Williams Ln A & C, Cedar Creek, TX 78612
Two lots with three mobile homes, immediate rental income.
Property Size6,003 SF
Lot Size8.00 Acres
Days on Market190
Property Features for 194 Williams Ln A & C
General Information
Standard status
Active
Size
6,003 SF
Lot size
8.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,987
Building Details
Building Size
6,003 SF
Year Built
2024
Listing Agency:
Keller Williams - Lake Travis
Listed By:
Alice Duffy · License #0681288
(512) 784-2345
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 28 at 9:18AM
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 Keller Williams - Lake Travis
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Investment Insights
Based on property information with market context.
This property features two side-by-side lots totaling 8 acres in the Cedar Creek area. The property includes three newer mobile homes with current tenants. Each mobile home is currently renting for $2,000 per month. Lot A features two mobile homes, and Lot C includes one mobile home. The property offers immediate rental income and potential for future growth.
Key Highlights
- Two side‑by‑side lots totaling 8 acres in Cedar Creek
- Three newer mobile homes built in 2024
- Immediate rental income from existing tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,021
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,420
$1.8M
Cap Rate 7%
$1,314,586
$1.3M
Cap Rate 9%
$1,022,456
$1.0M
Market Conditions
NOI Build-Up for 6,003 SF
Gross rent
$176.5K $29.40/SF
− Vacancy
−$9.2K −$1.53/SF
EGI
$167.3K $27.87/SF
− OpEx
−$75.3K −$12.54/SF
NOI
$92.0K $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%
$1,840,420
Cap Rate 7%
$1,314,586
Cap Rate 9%
$1,022,456
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,021 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,666 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
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Business Placement
Demographics for 78612, TX
16,265
Population
5,981
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
74%
High-School Grad
99.1 sq mi
ZIP Area
164
Density / Sq Mi
$90,925
Median Household Income
$39,263
Median Earnings
$1,642
Median Rent
$239,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Two lots with three mobile homes, immediate rental income.
Where is this mobile home & rv park located?
The property is located at 194 Williams Ln A & C Cedar Creek, TX.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Two side‑by‑side lots totaling 8 acres in Cedar Creek; Three newer mobile homes built in 2024; Immediate rental income from existing tenants
