Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Llano Land with River Views Title is generated by Realmo AI

    504 Vernon Avenue, Llano, TX 78643

    View on Map
    Claim this Listing
    For Sale
    $230,000

    LAND - Llano, TX

    Lot size:
    0.48 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    41
    Last Refresh:
    May 23 at 10:06 pm

    Property Features for 504 Vernon Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    071892
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Description
    L I 7 F BLK 143 LTS 14, 15, 16

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Renee Fox
    Renee Fox

    Listing agent Renee Fox License #0618703

    Listing office Fox Realty 114 Rapid Springs Cove, Georgetown, TX

    Listing date Apr 13, 2026

    MLS# 177563 Listing URL

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unobstructed views of downtown square, Llano River, and Llano River Bridge from elevated position (1085' above sea level).
    • Potential for single‑family home or duplex development.
    • City water and sewer connections available on the property.
    • Natural gas connection available.
    • Located at the end of a street, offering increased privacy.
    • Adjacent to the old Llano County auction barn property on the Llano River.

    Overview

    This 0.48-acre property in Llano, Texas, offers views of the downtown square, the Llano River, and the Llano River Bridge from an elevation of 1085 feet above sea level. The property, located at the end of a street adjacent to the old Llano County auction barn property on the Llano River, can be sold as one lot or divided into two lots as shown in photos, making it suitable for single-family homes or duplexes. City water, sewer, and natural gas are available on the property, making it ready for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Llano
    County
    Llano
    State
    Texas
    Longitude
    -98.665957
    Latitude
    30.755681

    Nearby Similar for Sale

    • $475,000
      5,190 SF

      Llano Commercial Opportunity For Sale

      Commercial building in thriving community near Austin with multiple options.
      1301 Bessemer Avenue, Llano, TX 78643
      View Details
    • $294,900
      1,390 SF

      Mixed-Use Property in Llano, TX

      Mixed-use property in the heart of Llano, Texas.
      403 W Main Street, Llano, TX 78643
      View Details
    • $300,000

      Commercial Property with Theater Seating

      Versatile commercial property in Llano, TX, near Highway 71.
      305 W Dallas Street, Llano, TX 78643
      View Details
    • $475,000

      Llano Riverfront Land Opportunity

      5.159-acre riverfront property with 260 feet of Llano River frontage.
      201A W Riverside Drive, Llano, TX 78643-0000
      View Details
    • $490,000
      7,900 SF

      Versatile Commercial Property in Llano, TX

      Multi-use commercial property with high visibility and flexible space.
      1209 Bessemer, Llano, TX 78643
      View Details
    • $699,900

      Downtown Llano Vacant Commercial Tract

      Vacant tracts in downtown Llano for commercial or residential use.
      1103,1109,1111 S Ford St, Llano, TX 78643
      View Details
    • $1,500,000
      14,374 SF

      Versatile Insulated Metal Warehouse

      14,374 sq ft insulated metal warehouse on 1.32 acres.
      1208 E Hwy 29, Llano, TX 78643
      View Details
    • $475,000

      Historic Llano Bed & Breakfast

      Charming bed & breakfast near downtown Llano with rich history.
      1307 WRIGHT STREET, Llano, TX 78643
      View Details
    • $419,000
      2,098 SF

      Updated Triplex Near Llano Square

      Updated triplex near historic Llano City Square, generating rental income.
      901 Wright Street, Llano, TX 78643
      View Details
    • $399,000
      2,008 SF

      Charming Remodeled Duplex in Llano

      Move-in ready duplex near downtown Llano, ideal for investment.
      1005 Bayley, Llano, TX 78643
      View Details
    • $649,000

      Llano, TX Investment Opportunity

      8.4 acres in Llano, TX, with commercial potential.
      Ranch Road 152, Llano, TX 78643
      View Details
    • $399,000

      Llano River Waterfront Land

      2.24 acres on the Llano River near Llano, TX.
      4064 County Road 104, Llano, TX 78643
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with downtown, river, and bridge views.
    Where is this residential land & home lot located?
    The property is located at 504 Vernon Avenue Llano, TX.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Unobstructed views of downtown square, Llano River, and Llano River Bridge from elevated position (1085' above sea level).; Potential for single‑family home or duplex development.; City water and sewer connections available on the property.
    (512) 375-8858
    We can help!
    Listing Contact
    Renee Fox
    Renee Fox
    Real Estate License ID: 0618703
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    504 Vernon Avenue, Llano, TX 78643
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!