Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5510 Old McMahan Rd Lockhart, TX 78644

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,217,718

    Farms

    Type:Farm and Ranch Properties
    Lot size:
    67.00 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 27 at 5:01 pm

    Property Features for 5510 Old McMahan Rd

    General Information

    Standard status
    Active
    Lot size
    67.00 Acres
    Property subtype
    Farm and Ranch Properties

    We can help!

    Listing Contact
    Floyd Wilhelm

    Listing agent Floyd Wilhelm License #0384210

    Listing office Countywide Realty, LP

    Listing date Apr 27, 2026

    Source Elliman

    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 Countywide Realty, LP

    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.573488
    Latitude
    29.863088

    Nearby Similar for Sale

    • $400,000
      1,936 SF

      Renovated Duplex Across from School

      Completely renovated duplex near schools, grocery, and restaurants.
      805 Center Street, Lockhart, TX 78644
      View Details
    • $400,000
      1,936 SF

      Renovated Duplex Near Lockhart High

      Completely renovated duplex near schools, grocery, and restaurants.
      805 Center St., Lockhart, TX 78644
      View Details
    • $1,490,000
      775 SF

      Lockhart Commercial Property with Acreage

      Nearly 40-acre Lockhart property with shop, tiny homes, and creek.
      1501 Boggy Creek Road, Lockhart, TX 78644
      View Details
    • $549,000

      21.9 Acres Farm & Ranch Land

      21.9 acres of farm and ranch land near Austin.
      Burdette Wells Rd, Lockhart, TX 78644
      View Details
    • $750,000
      2,071 SF

      Versatile Commercial Building on Corner Lot

      2,071 SF building on 0.56 acre in Lockhart, TX
      1030 S Guadalupe St, Lockhart, TX 78644
      View Details
    • $485,000
      1,433 SF

      Commercial Property with Fenced Yard

      Adaptable commercial building with parking, fenced yard, and prime location.
      1020 S Guadalupe St, Lockhart, TX 78644
      View Details
    • $485,000
      1,433 SF

      Commercial Property in Residential Neighborhood

      Adaptable commercial building with parking and fenced yard on 0.23-acre.
      1020 Guadalupe St, Lockhart, TX 78644
      View Details
    • $1,046,118
      8,320 SF

      Family Dollar Store Investment Opportunity

      Family Dollar store in Fentress, TX, built in 2019.
      9200 San Marcos Hwy, Lockhart, TX
      View Details
    • Contact for pricing
      165,000 SF

      Lockhart Warehouse with Trailer Storage

      165,000 sq ft warehouse with trailer storage available for lease.
      1300 Blackjack St, Lockhart, TX
      View Details
    • Contact for pricing
      16,364 SF

      26-Unit Residential Community in Lockhart

      26-unit residential community in historic Lockhart, Texas.
      700 N Medina St, Lockhart, TX 78644
      View Details

    FAQs

    Where is this farm located?
    The property is located at 5510 Old McMahan Rd Lockhart, TX.
    What is the asking price?
    The asking price for this property is $1,217,718.
    What are key features of this property?
    This property features: 67 acres of cleared and improved coastal grasses, ag exempt.; **Large, stocked pond with water well, electric connection, concrete slab for picnic/RV, and storage shed.**; Conveniently located minutes from Lockhart.
    (512) 557-4574
    We can help!
    Listing Contact
    Floyd Wilhelm
    Real Estate License ID: 0384210
    Learn More
    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

    5510 Old McMahan Rd, Lockhart, TX 78644

    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!