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    1312 Hwy Lampasas, TX 76550

    For Sale
    $1,100,000

    17 Acres, High Traffic Count, Redevelopment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 17.3-acre property in Lampasas, Texas, presents a compelling redevelopment opportunity. Strategically located at 1312 N U.S. Hwy 281, just before the intersection of Highways 183 and 190, this land boasts a high-traffic location with over 13,500 vehicles passing daily, according to TxDOT data. The property currently features a collection of older buildings, including a potentially usable structure, cattle working pens, and dog kennels, all remnants of its previous use as a veterinary office. The site offers significant flexibility for various commercial ventures, taking advantage of its prime location and high visibility. Fifteen acres situated at the rear of the property benefit from an agricultural tax valuation and are accessible via CR 3400, providing additional development options. The property's location in a growing area with increasing population and activity suggests a positive outlook for future development and investment. The asking price for this unique opportunity is $1,100,000. This is a rare chance to acquire a substantial tract of land with excellent commercial potential in a thriving Texas community. The property is zoned for commercial, ranch, and residential uses.

    Property Features for 1312 Hwy

    General Information

    Property type
    Farms
    Lot Size
    753,588 SF

    HighLights

    • $1,100,000 asking price.
    • 17.3‑acre commercial, ranch, and residential land parcel.
    • Located at 1312 N U.S. Hwy 281, Lampasas, TX 76550.
    • High traffic count (over 13,500 vehicles per day) at a major highway intersection.
    • Existing improvements include older buildings, cattle pens, and dog kennels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.186419
    Latitude
    31.0818828

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    FAQs

    What type of property is this?
    Farm - 17 Acres, High Traffic Count, Redevelopment Potential
    Where is this farm located?
    The property is located at 1312 Hwy Lampasas, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 17.3-acre commercial, ranch, and residential land parcel.; Located at 1312 N U.S. Hwy 281, Lampasas, TX 76550.
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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
    1312 Hwy Lampasas, TX 76550
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