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    Fenced Ranch Estate with Hangar Barn Title is generated by Realmo AI

    490 John Craft Road, Red Rock, TX 78662

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    Claim this Listing
    For Sale
    $1,695,000

    LAND - Other - Red Rock, TX

    Lot size:
    77.21 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 490 John Craft Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Boat, RV
    Exterior features
    Awnings, Balcony, PrivateEntrance, PrivateYard, Storage
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Active
    APN
    000000084120
    Lot size
    77.21 Acres

    Taxes and HOA fees

    Tax Description
    A125 CRAFT, JOHN S., ACRES 1.0000 & 8.139 & Others
    Tax Annual Amount
    11484

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2000
    Architectural style
    Other
    Additional Structures
    Barn(s), Storage

    We can help!

    Listing Contact
    David Murray

    Listing agent David Murray License #0340639

    Listing office Keller Williams Realty Austin, TX

    Listing date Apr 15, 2026

    MLS# 20983455 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 77+/- acre fully fenced and cross‑fenced estate with multiple outbuildings for a ranch‑style setup
    • 3,142+/- SF custom‑built home (Year built 2000) with central HVAC and a stone exterior
    • Floor‑to‑ceiling rock fireplace and vaulted wood‑beamed ceilings with an open floor plan
    • Updated kitchen with quartz countertops and a premium Wolf range
    • Main‑level primary suite with private deck access and an oversized walk‑in shower plus dual vanities
    • Outbuildings include horse stables, chicken coop, and a 50' x 80' barn‑hangar with efficiency living quarters and a concrete helipad

    Overview

    Set on 77+/- acres, this ranch estate is fully fenced and cross-fenced, offering a private setting for daily living and weekend use. At the center is a 3,142+/- sq ft custom-built home featuring wraparound porches, a metal roof, and a stone exterior. Inside, vaulted wood-beamed ceilings, an open floor plan, and a dramatic floor-to-ceiling rock fireplace create a welcoming, elevated feel. The updated kitchen includes painted cabinetry, quartz countertops, and a premium Wolf range. The primary suite sits on the main level with private deck access, while renovated bathrooms and additional bedrooms plus a flexible bonus space support a variety of needs.

    The property is tucked away on a quiet, dead-end county road, with convenient access to nearby destinations, including about 15 minutes to Bastrop, 50 minutes to downtown Austin, and roughly 40 minutes to the airport.

    For equestrian-minded buyers or those seeking self-sufficiency, the improvements include horse stables, a chicken coop, and substantial outbuildings. A 50' x 80' barn-hangar also features efficiency living quarters and a concrete helipad, adding significant utility beyond typical ranch structures. With an ag exemption in place, this is a compelling fit for buyers looking for a working, versatile ranch experience in Red Rock, Texas.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Rock
    County
    Bastrop
    State
    Texas
    Longitude
    -97.3694317
    Latitude
    29.9411788

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    FAQs

    What type of property is this?
    Ranch - A secluded, fully fenced ranch with equestrian facilities and a large barn-hangar designed for added versatility.
    Where is this ranch located?
    The property is located at 490 John Craft Road Red Rock, TX.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: 77+/- acre fully fenced and cross‑fenced estate with multiple outbuildings for a ranch‑style setup; 3,142+/- SF custom‑built home (Year built 2000) with central HVAC and a stone exterior; Floor‑to‑ceiling rock fireplace and vaulted wood‑beamed ceilings with an open floor plan
    (512) 448-4111
    We can help!
    Listing Contact
    David Murray
    Real Estate License ID: 0340639
    Learn More
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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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