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    Texas Music River Ranch Title is generated by Realmo AI

    2415 Sandra Ln, Webberville, TX 78653

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    90-acre property near Austin with music venue and camping.

    Type:Hospitality, Land
    Property size:
    3,920,400 SF
    Lot size:
    90.00 Acres
    Price / SF:
    $0.64/SF
    Added:
    Aug 29, 2024
    Days on Market:
    644
    Last Refresh:
    May 12 at 10:47 pm

    Property Features for 2415 Sandra Ln

    General Information

    Standard status
    Active
    Size
    3,920,400 SF
    Lot size
    90.00 Acres
    Property subtype
    Hospitality, Land

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Jon Fisher
    Jon Fisher

    Listing agent Jon Fisher License #TX 819440

    Listing office Mr. Landman

    Listing date Aug 29, 2024

    Source Crexi

    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 Mr. Landman

    HighLights

    • Approximately 90 acres of land with riparian rights to the Colorado River, located only 15 miles from downtown Austin.
    • Existing infrastructure for a live music venue, including a foundation, portable stages, and existing music festival income.
    • Multiple income streams already in place, including music festivals, smaller bands/shows, weddings, birthday parties, Hipcamp camping, cabin rentals, and RV hookups.
    • Existing infrastructure for RV park development including RV hookups and over 100 campsites.
    • Includes multiple cabins (one ADA compliant), a cottage, a storage shed, and a food trailer.
    • Main cabin with office, bedroom, kitchen, laundry, and back porch with stage.

    Overview

    The Texas Music River Ranch is located approximately 15 miles from downtown Austin. The property will be approximately 90.00 acres after a survey carves out a portion for a family compound. It has riparian rights to the Colorado River, which borders the western side of the property. The property could be developed into an RV park overlooking the Colorado River and an onsite pond, or further developed into a live music event center. The following items are already on site: a main cabin with office including a bedroom, kitchen, laundry, and back porch with stage; a 32' x 32' portable stage; a 12' x 12' river stage; one fully functional one-bed, one-bath cabin; one ADA compliant cabin; over 100 primitive campsites; 12 port-a-potties; 4 portable handwashing stations; a cottage (one bedroom, fully functional); 8 outdoor showers; 4 full RV hookups; 10 RV hookups with electrical and water only; a 16' x 32' storage shed; and a food trailer. The park currently hosts smaller music festivals, including "Medicine for the People Festival", "Solar Punk Festival", "Ecstatic Forrest Festival", and "Sol River Jamboree". In addition to the music festivals, the property generates income by hosting smaller bands/shows, weddings, and birthday parties. Hipcamp camping generates $5,000 annually. Cabin rentals range from $150 to $500 per night. The 4 full-hookup RV sites generate $100-150 per night, with 10 RV spots available for rent at $75 per night. Unlimited primitive camping sites are available for $25-100 per night, and VIP camping on the river starts at $45 per person.
    Property Profile Location Intelligence

    Current Use by Public Records

    Texas Music River ... Campground & RV Park

    Suggested Use

    Auto Repair Shop Hotel & Motel Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Webberville
    County
    Travis
    State
    Texas
    Longitude
    -97.5066659
    Latitude
    30.2075992

    FAQs

    What type of property is this?
    Campground - 90-acre property near Austin with music venue and camping.
    Where is this campground located?
    The property is located at 2415 Sandra Ln Webberville, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Approximately 90 acres of land with riparian rights to the Colorado River, located only 15 miles from downtown Austin.; Existing infrastructure for a live music venue, including a foundation, portable stages, and existing music festival income.; Multiple income streams already in place, including music festivals, smaller bands/shows, weddings, birthday parties, Hipcamp camping, cabin rentals, and RV hookups.
    (217) 202-0924 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Fisher
    Jon Fisher
    Real Estate License ID: TX 819440
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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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