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    City Line Rd Lockhart, TX 78644

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    For Sale
    Contact for pricing

    Prime Lockhart acreage, ideal for development.

    Property Features for 0 City Line Rd

    General Information

    Property type
    Farms
    Lot Size
    198,634 SF

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    Listing Contact
    Patrick Davis
    Patrick Davis

    Listing Agency: Link Realty, LLC Listing Agent: Patrick Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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    Overview

    This exceptional 4.56-acre property in Lockhart, Texas, presents a unique investment opportunity. Located on City Line Road, this land offers convenient access to SH 130 and Hwy 142, placing it at the heart of Lockhart's burgeoning growth. The property is zoned AO - Agricultural Open Space, and while currently designated as agricultural, commercial, and residential, its strategic location within a rapidly expanding area suggests significant development potential. Surrounding the property are numerous industrial projects, apartment complexes, build-to-rent properties, and new housing developments, indicating a strong demand for commercial development. Utilities including water, sewer, and electricity are available (buyer to verify capacity). The property boasts approximately 436 feet of frontage along City Line Road. While 4.56 acres are currently being marketed, the seller indicates that additional land may be available. The asking price is $1,390,435, translating to approximately $7 per square foot. The APN is part of R13826. This property is offered by its owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.704321361616
    Latitude
    29.874851197129

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    FAQs

    What type of property is this?
    Farm - Prime Lockhart acreage, ideal for development.
    Where is this farm located?
    The property is located at City Line Rd Lockhart, TX.
    What is the asking price?
    The asking price for this property is $1,390,435.
    What are key features of this property?
    This property features: 4.56-acre tract in Lockhart, TX, with 436 feet of frontage on City Line Road.; Additional acreage may be available.; Located near SH 130 and Hwy 142, in a rapidly developing area with significant commercial potential.
    (512) 461-7035 Call to check price and availability
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    City Line Rd Lockhart, TX 78644
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    Lockhart, TX 78644
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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.

    More about this property
    City Line Rd Lockhart, TX 78644
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick Davis
    Patrick Davis
    Real Estate License ID: 0500406
    (512) 461-7035 (512) 376-9903
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