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    Fayette County Estate with Views Title is generated by Realmo AI

    534 Scotts School Rd, Flatonia, TX 78941

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    For Sale
    $1,171,000

    66.46-acre estate with hilltop views and modern amenities.

    Type:Farm
    Property size:
    1,904 SF
    Lot size:
    66.46 Acres
    Price / SF:
    $615/SF
    Added:
    Jun 27, 2025
    Days on Market:
    330
    Last Refresh:
    Apr 1 at 9:07 pm

    Property Features for 534 Scotts School Rd

    General Information

    Standard status
    Active
    Size
    1,904 SF
    Lot size
    66.46 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Ronnie Vinklarek

    Listing agent Ronnie Vinklarek

    Listing office Giesecke Home and Ranch Real E

    Listing date Jun 27, 2025

    Source Xome

    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 Giesecke Home and Ranch Real E

    HighLights

    • 66.46‑acre estate with breathtaking hilltop and sunset views.
    • Ag Exempt property supporting abundant wildlife, ideal for hunting.
    • 4‑bedroom, 3.5‑bathroom home featuring wood flooring, natural woodwork, and a wood‑burning fireplace.
    • Outdoor pavilion with barbeque pit and fully stocked pond for entertaining.
    • Conveniently located near major airports: Austin (63 miles), San Antonio (94 miles), Houston Hobby (118 miles), and Houston Bush (120 miles).
    • Includes detached oversized carport and outdoor kitchen.

    Overview

    This 66.46-acre estate, situated on one of Fayette County's highest elevations, offers hilltop and sunset views. The property includes a 1,904-square-foot, two-story home constructed in 2006. The residence features four bedrooms and 3.5 bathrooms, wood flooring, natural woodwork, and a wood-burning fireplace. Modern amenities include central heating and cooling, ceiling fans, and a security system. An outdoor pavilion with a barbeque pit provides space for entertaining. The property also features a fully stocked pond and is Ag Exempt, supporting abundant wildlife for hunting. Additional structures include an outdoor kitchen and a detached oversized carport. Utilities include a well, septic system, and electricity. The location is near major airports, with Austin 63 miles away, San Antonio 94 miles away, Houston Hobby 118 miles away, and Houston Bush 120 miles away. The Historic Shiner Brewery is 15 miles from the property, and golf courses in Bastrop and Columbus are within an hour's drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Flatonia
    County
    Fayette
    State
    Texas
    Longitude
    -97.1314949
    Latitude
    29.6531631

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    FAQs

    What type of property is this?
    Farm - 66.46-acre estate with hilltop views and modern amenities.
    Where is this farm located?
    The property is located at 534 Scotts School Rd Flatonia, TX.
    What is the asking price?
    The asking price for this property is $1,171,000.
    What are key features of this property?
    This property features: 66.46‑acre estate with breathtaking hilltop and sunset views.; Ag Exempt property supporting abundant wildlife, ideal for hunting.; **4‑bedroom, 3.5‑bathroom home featuring wood flooring, natural woodwork, and a wood‑burning fireplace.**
    (512) 456-8996
    We can help!
    Listing Contact
    Ronnie Vinklarek
    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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