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    846 State Hwy Smithville, TX 78957

    For Sale
    $1,500,000

    11.73 Acres Hwy 71 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11.73-acre commercial land parcel presents a significant investment opportunity in Smithville, Texas. Strategically located on Highway 71, the property boasts approximately 1,108 feet of highway frontage, providing excellent visibility and accessibility. Its versatile zoning allows for a variety of commercial uses, including industrial, retail, or office development. The location offers significant advantages, including proximity to major metropolitan areas: approximately 40 miles from Austin, less than two hours from Houston, and within three miles of Bastrop County's only airport. Furthermore, the property is conveniently located within five miles of the county's sole full-service hospital and 21 miles from the Hyatt Lost Pines Resort, a 405-acre destination. Smithville's unique position as home to Bastrop County's only recycling center adds to its appeal. This prime location and flexible zoning make this property ideal for developers seeking a high-impact investment with strong potential for future growth and return. The asking price for this remarkable opportunity is $1,500,000. The property is situated in Bastrop County, Texas, with the address 846 State Hwy 71, Smithville, TX 78957.

    Property Features for 846 State Hwy

    General Information

    Property type
    Land
    Lot Size
    510,959 SF

    HighLights

    • 11.73‑acre commercial land parcel in Smithville, TX, listed at $1,500,000.
    • 1,108 feet of highway frontage on Hwy 71.
    • Approximately 40 miles from Austin.
    • Less than two hours from Houston.
    • Less than 3 miles from Bastrop County's only airport.
    • Approximately 5 miles from Bastrop County's only full‑service hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Smithville
    County
    Bastrop
    State
    Texas
    Longitude
    -97.1925495
    Latitude
    30.0521907

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    FAQs

    What type of property is this?
    Land - 11.73 Acres Hwy 71 Frontage
    Where is this land located?
    The property is located at 846 State Hwy Smithville, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 11.73-acre commercial land parcel in Smithville, TX, listed at $1,500,000.; 1,108 feet of highway frontage on Hwy 71.; Approximately 40 miles from Austin.
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    Realmo Value Estimation

    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.

    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.

    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
    846 State Hwy Smithville, TX 78957
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