Sign Up Successful!
You now have access to more from Realmo!
    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

    2602 County Road 108 Burnet, TX 78611

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    Ranch property near Hwy 281 with home and improvements.

    Lot size:
    33.20 Acres

    Property Features for 2602 County Road 108

    General Information

    Standard status
    Active
    Lot size
    33.20 Acres

    We can help!

    Listing Contact
    Bob Clifton
    Source: Kw

    Listing Agency: KW Lake Travis Listing Agent: Bob Clifton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Burnet Ranch with Highway Access

    El Rancho Mia offers a convenient location just 2.3 miles from Hwy 281. The property is fully fenced and features varied topography, including a meadow-like valley running from west to east. The prevalent vegetation is juniper woodland with scattered live oak trees, particularly around the home. A ridge on the southwest corner provides a view of the pond and improvements. A separate water well can feed the pond to maintain the water level for the fish population. The 1,600 sq. ft. home, built in 1997, includes 3 bedrooms and 2 bathrooms. The kitchen and living room are open, with the bedrooms and utility room tucked away. Additional improvements include a multi-use workshop, game cooler, meat smokehouse, and a large carport. The property is accessed by a narrow road off paved CR 108, leading to an automatic gate entrance. The location is 5 miles to Burnet Municipal Airport, 15 miles to Marble Falls, 22 miles to Hwy 183 in Lampasas, 38 miles to I-35 in Georgetown, 58 miles to downtown Austin, and 64 miles to Austin-Bergstrom International Airport. The 2024 taxes were $383, with a 1.31 tax rate.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Storage Facility Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnet
    County
    Burnet
    State
    Texas
    Longitude
    -98.25429
    Latitude
    30.808584

    Nearby Similar for Sale

    • New
      $1,950,000
      93.99 Acres

      Burnet County Hill Country Land

      94 acres of Texas Hill Country with pond and creeks.
      County Road 207, Burnet, TX 78611
      View Details
    • New
      $1,800,000
      5,768 SF

      Remodeled Commercial Property in Burnet, TX

      Meticulously remodeled commercial property with 14 offices in Burnet, Texas.
      205 S Pierce St, Burnet, TX 78611
      View Details
    • $375,000
      1,025 SF

      Modern Getaway on 5 Acres

      New two-bed home on five unrestricted acres near Burnet, TX.
      1918 County Rd, Burnet, TX 78611
      View Details
    • $1,400,000
      200 SF

      Lake Buchanan Waterfront Marina Opportunity

      Unique waterfront property with marina potential on Lake Buchanan.
      325 Eagle Rest Ln, Burnet, TX 78611
      View Details
    • $498,500
      1,311 SF

      Commercial/Residential Opportunity on Highway 29

      Mixed-use property with highway frontage in Burnet, Texas.
      1918 State Highway 29 W, Burnet, TX 78611
      View Details
    • $725,000
      4,300 SF

      Burnet Commercial Property on Highway

      Versatile 4,300+ sq ft commercial building on two acres.
      2309 State Highway 29 W, Burnet, TX 78611
      View Details
    • $14,000,000
      14,000 SF

      Texas Hill Country Castle Estate

      Iconic 14,000+ sqft castle on 110 acres.
      7400 S Park Road 4, Burnet, TX 78611
      View Details
    • $595,000
      2,400 SF

      Burnet Commercial Building on Corner

      High-visibility commercial building on corner lot near town square.
      109 W Jackson St, Burnet, TX 78611
      View Details
    • $1,100,000

      40 Acre Horse Property

      40 acre horse property in Sendera Ridge Development.
      Escalar Dr, Burnet, TX 78611
      View Details
    • $725,000

      Burnet Commercial Building on Highway

      Versatile 4,300+ sq ft building on two acres in Burnet.
      2309 W State Highway 29, Burnet, TX 78611
      View Details
    • $747,777

      Burnet Land with Equestrian Setup

      23 acres near Burnet, TX, with equestrian facilities.
      1032 County Road 340, Burnet, TX 78611
      View Details
    • Contact for pricing

      Lake LBJ Resort Property

      Established resort on Lake LBJ with diverse lodging options.
      408 Clen Oak Pkwy, Burnet, TX 78611
      View Details

    FAQs

    What type of property is this?
    Ranch - Ranch property near Hwy 281 with home and improvements.
    Where is this ranch located?
    The property is located at 2602 County Road 108 Burnet, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Conveniently located just 2.3 miles from Hwy 281.; - Property is fully fenced with varied topography, including a meadow-like valley.; - Includes a 1,600 sq. ft. home with 3 bedrooms and 2 bathrooms.
    (830) 613-5215
    Request Owner's contact information
    2602 County Road 108 Burnet, TX 78611
    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.
    2602 County Road 108
    Burnet, TX 78611
    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
    2602 County Road 108 Burnet, TX 78611
    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

    We can help!
    Listing Contact
    Bob Clifton
    Real Estate License ID: 568465
    (830) 613-5215 (512) 263-9090
    Learn more
    Google sign-in failed. Please try again or use another login method.