Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bastrop Land Near Highway 304 Title is generated by Realmo AI

    762 Tx-304, Bastrop, TX 78602

    View on Map
    Claim this Listing
    For Sale
    $315,000

    LAND - Bastrop, TX

    Lot size:
    10.69 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    130
    Last Refresh:
    May 30 at 3:06 am

    Property Features for 762 Tx-304

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    8712662
    Lot size
    10.69 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    ABS A44 LIGHTFOOT, WILSON T.,TRACT 5, 10.691 ACRES
    Tax Annual Amount
    3941

    We can help!

    Listing Contact
    Kaylee Sutton
    Kaylee Sutton

    Listing agent Kaylee Sutton License #0700093

    Listing office Land Unlimited 115A N Commerce St, Lockhart, TX

    Listing date Jan 20, 2026

    MLS# 602038 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10.69 acres of open terrain, suitable for horses, livestock, workshops, or future improvements.
    • Commercial use allowed with light restrictions (no mobile homes) offering flexibility for residence, business, or homestead.
    • Private driveway already built.
    • Located minutes from Bastrop and an easy commute to Austin.
    • No floodplain.
    • Access to water.

    Overview

    This 10.69-acre commercial land is located just off Highway 304, minutes from Bastrop, Texas, and within an easy commute to Austin. A private driveway is already built. The property has access to water and no floodplain. Light restrictions are in place, specifically no mobile homes, to help preserve long-term property values while still allowing flexibility to use the land as a residence, business site, or private homestead. The open terrain provides room for horses, livestock, workshops, or future improvements, making it suitable for those who want space and the freedom to create their own setup without being restricted by an HOA. Commercial use is allowed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.355908
    Latitude
    30.065752

    Nearby Similar for Sale

    • $500,000
      3,600 SF

      Income-Producing Duplex in Tahitian Village

      Duplex in Bastrop's Tahitian Village, ideal for investors or owner-occupants.
      119 N Kanaio Drive, Bastrop, TX 78602
      View Details
    • $675,000
      3,222 SF

      Riverfront Estate with Income Potential

      Private riverfront retreat with versatile living, hosting, and investment options.
      315 Riverwood Drive, Bastrop, TX 78602
      View Details
    • $1,700,000
      1,796 SF

      Bastrop Farm and Ranch Property

      121-acre farm with home, pastures, creek, and wildlife exemption.
      158 #C Synergy Drive, Bastrop, TX 78602
      View Details
    • $325,000

      Mixed-Use Buildable Lot For Sale

      0.248-acre mixed-use lot with utilities and development potential.
      1201 Emile St, Bastrop, TX 78602
      View Details
    • $124,900

      Bastrop Corner Lot for Sale

      1.5-acre corner lot in desirable Bastrop subdivision.
      TBD Lot 20c County Rd lot: 20C, Bastrop, TX 78602
      View Details
    • $698,000

      Bastrop Riverfront Multi-Unit Property

      Private riverfront estate ideal for living, hosting, or investing.
      315 River wood Dr, Bastrop, TX 78602
      View Details
    • $124,500

      Bastrop Land with Mature Oaks

      1.336 acre lot with mature trees near town.
      Post Oak Rim, Bastrop, TX 78602
      View Details
    • $325,000

      Secluded 7.45-Acre Texas Land

      Private, secluded land in Harmony Acres with mature trees.
      109 Crepe Myrtle Rd, Bastrop, TX 78602
      View Details
    • $120,000

      Bastrop, TX Tree-Covered Lot

      Tree-covered lot in Bastrop, manufactured and mobile homes acceptable.
      Pine Hill Loop lot: 4, Bastrop, TX 78602
      View Details
    • $64,500

      Wooded Lot in Tahitian Village

      Ready-to-build lot with community amenities and convenient location.
      111 Nuupia Court lot: 1586, Bastrop, TX 78602
      View Details
    • $47,000

      Tahitian Village Land Parcel

      Land parcel in Tahitian Village near Colorado River.
      Lot 1612 Kaanapali Lane, Bastrop, TX 78602
      View Details
    • $89,900

      Unrestricted Land Near Bastrop, TX

      0.44 acre lot with utilities, near Bastrop and Austin.
      Tract 1 Waugh Way, Bastrop, TX 78602
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.69 acres near Bastrop, suitable for commercial or residential use.
    Where is this commercial land located?
    The property is located at 762 Tx-304 Bastrop, TX.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: 10.69 acres of open terrain, **suitable for horses, livestock, workshops, or future improvements.**; Commercial use allowed with light restrictions (no mobile homes) offering flexibility for residence, business, or homestead.; **Private driveway already built.**
    (512) 470-4237
    We can help!
    Listing Contact
    Kaylee Sutton
    Kaylee Sutton
    Real Estate License ID: 0700093
    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
    762 Tx-304, Bastrop, TX 78602
    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!