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

    Co Rd 323 Spicewood, TX 78642

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Texas Residential Land

    Property Features for 0 Co Rd 323

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Richard Gary
    Richard Gary

    Listing Agent: Richard Gary

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

    Learn more

    Overview

    This exceptional 245-acre tract in Burnet County, Texas, presents a unique residential development opportunity near Liberty Hill. Currently targeted for single-family homes on one-acre lots, this property offers significant potential for builders and developers. Located just 10 minutes from SH 29, it enjoys convenient access via Co Rd 323, Old Liberty Hill Road, or 1869 from SH 29. The land is situated adjacent to the established River Ranch Master Planned Community and benefits from a planned county road improving access to SH 29. Future development will include a shared private community park featuring a six-acre stock pond (catch and release), an HOA to maintain development standards and the community park, and a planned walking trail. The area boasts a truly dark sky, adding to its appeal. Nearby amenities include a planned 100-acre high-end RV park and glamping park, and a planned 50-acre private airport and hangar complex. Water is available, but individual lots will require septic systems
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spicewood
    County
    Burnet
    State
    Texas
    Longitude
    -98.004715
    Latitude
    30.405821

    Nearby Similar for Sale

    • $1,800,000
      2,839 SF

      Unrestricted Spicewood Acreage with Historic Home

      45+ acres with fertile soil and historic home.
      7866 County Road 404, Spicewood, TX 78669
      View Details
    • $650,000
      144 SF

      Spicewood Metal Fabrication Shop

      2.1 acre metal fabrication shop near Hwy 71.
      320 Red Bluff Rd, Spicewood, TX 78669
      View Details
    • $699,000

      Spicewood Industrial Property for Sale

      Industrial property available in Spicewood, Texas, priced at $699,000.
      200 Sky King Dr, Spicewood, TX 78669
      View Details
    • $459,900

      Warehouse with Storage Unit Potential

      Warehouse with storage units and income-producing potential.
      2650 County Rd 414 Dr, Spicewood, TX 78669
      View Details
    • $1,930,000

      Spicewood Industrial Property For Sale

      Industrial property available for purchase in Spicewood, Texas.
      22400 State Hwy 71 Hwy W, Spicewood, TX 78669
      View Details
    • $1,445,000

      Spicewood Ranch Land For Sale

      Spicewood, Texas ranch land available for purchase.
      5012 Hupedo Ranch Rd, Spicewood, TX 78669
      View Details
    • $2,900,000

      Income-Producing Hill Country Estate

      Luxury estate on 10 unrestricted acres, ideal for investment.
      4607 R O Dr, Spicewood, TX 78669
      View Details
    • $1,199,900

      Spicewood Ranch with Bluff Views

      15-acre ranch in Spicewood with views and rustic buildings.
      25900 Red Brangus Rd, Spicewood, TX 78669
      View Details
    • $2,190,000

      Warehouse with Income-Producing Apartments

      Warehouse with two apartments on 7 acres in Spicewood.
      21511 W State Hy 71 W, Spicewood, TX 78669
      View Details
    • Contact for pricing

      Spicewood Specialty Property For Sale

      Specialty property available for purchase in Spicewood, Texas.
      797 Glendale Rd, Spicewood, TX 78669
      View Details
    • Contact for pricing

      Spicewood Specialty Property for Sale

      Specialty property available in Spicewood, Texas.
      109 Lazy Oak Pl, Spicewood, TX 78669
      View Details
    • Contact for pricing

      Spicewood Specialty Property For Sale

      Specialty property available in Spicewood, Texas.
      24005 Pedernales Cyn Trl, Spicewood, TX 78669
      View Details

    FAQs

    What type of property is this?
    Land - Prime Texas Residential Land
    Where is this land located?
    The property is located at Co Rd 323 Spicewood, TX.
    What are key features of this property?
    This property features: 10 minutes from SH 29.; West Liberty Hill location.; Adjacent to River Ranch Master Planned Community.
    (512) 901-9800 Call to check price and availability
    Request Owner's contact information
    Co Rd 323 Spicewood, TX 78642
    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.
    Co Rd 323
    Spicewood, TX 78642
    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
    Co Rd 323 Spicewood, TX 78642
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Richard Gary
    Richard Gary
    Real Estate License ID: 0675838
    (512) 901-9800 (512) 415-9367 (512) 346-3550
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!