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    71 And 281 Marble Falls, TX 78654

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    For Sale
    Contact for pricing

    288 Acres, Prime Marble Falls Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 288-acre tract presents a significant development opportunity in Burnet County, Texas. Strategically positioned at the intersection of Highway 71 and Highway 281, this property boasts approximately 3,840 feet of frontage on Hwy 71 and approximately 100 feet on Hwy 281, offering unparalleled visibility and accessibility. The land is zoned ETJ (Extra Territorial Jurisdiction) and is suitable for a variety of uses, including residential, commercial, and industrial development. Its location just outside Marble Falls provides easy access to the city's amenities, including the scenic Lake LBJ, numerous golf courses, and a charming historic downtown area. The property benefits from its proximity to several significant developments, such as Thunder Rock, Gregg Ranch, and Legacy Crossing, indicating a robust and growing market. The level topography simplifies development planning, and while utilities are to be determined, the property's size and location make it an attractive investment for large-scale projects. A 45-minute drive to Austin and a 6-minute drive to Marble Falls further enhances its appeal. This is a rare opportunity to acquire a substantial land parcel in a thriving Texas market. Contact us for pricing and further details.

    Property Features for 71 And 281

    General Information

    Property type
    Land
    Lot Size
    12,545,280 SF

    We can help!

    Listing Contact
    Lucian Morehead

    Learn more

    HighLights

    • Sale Price: Contact for Price
    • 288‑acre prime mixed‑use development opportunity in Burnet County, Texas
    • Level topography with ±3,840' frontage on Hwy 71 and ±100' on Hwy 281
    • ETJ zoning, suitable for residential, commercial, and industrial development
    • 6‑minute drive to Marble Falls and 45‑minute drive to Austin
    • Utilities to be determined.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marble Falls
    County
    Burnet
    State
    Texas
    Longitude
    -98.29082673
    Latitude
    30.51671899

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    FAQs

    What type of property is this?
    Land - 288 Acres, Prime Marble Falls Location
    Where is this land located?
    The property is located at 71 And 281 Marble Falls, TX.
    What are key features of this property?
    This property features: Sale Price: Contact for Price; 288-acre prime mixed-use development opportunity in Burnet County, Texas; Level topography with ±3,840' frontage on Hwy 71 and ±100' on Hwy 281
    Request Owner's contact information
    71 And 281 Marble Falls, TX 78654
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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
    71 And 281 Marble Falls, TX 78654
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    We can help!
    Listing Contact
    Lucian Morehead
    Real Estate License ID: TX 437479
    Learn more
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