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    TX-230 Loop Rd Smithville, TX 78957

    For Sale
    $11,391,811

    Prime Texas land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 37.36-acre property presents a significant development opportunity in Smithville, Texas. Strategically located on the west side of the Smithville airport, with a portion bordering Highway 71, this land offers unparalleled access and visibility. The property comprises two parcels, approximately 35.58 acres and 1.78 acres, which can be purchased individually or together. Currently zoned for commercial, industrial, and ranch uses (zoning verification is recommended with the City of Smithville), this land is priced competitively for subdivision into 2-4 acre tracts. Its proximity to key areas enhances its appeal: it's situated 2.3 miles from downtown Smithville, approximately 2 miles from the Colorado River, 13 miles from Bastrop, and 43 miles from Austin. The area is experiencing growth, with Smithville's recent annexation of 75 acres and the development of an industrial park across Highway 71 from the airport. This presents a unique chance to capitalize on the region's expanding infrastructure and economic activity. The asking price is $11,391,811. This property is in Bastrop County, Texas, with a zip code of 78957.

    Property Features for TX-230 Loop Rd

    General Information

    Property type
    Farms
    Lot Size
    1,627,402 SF

    HighLights

    • 37.36‑acre commercial/industrial property in Smithville, TX, near Hwy 71 and Smithville Airport.
    • Two parcels (35.58 acres and 1.78 acres) available individually or together; zoned for commercial, industrial, and ranch uses (buyer to verify).
    • Excellent location: 2.3 miles from downtown Smithville, 2 miles from the Colorado River, 13 miles from Bastrop, and 43 miles from Austin.
    • Strong growth potential: Smithville's recent annexation of 75 acres and nearby industrial park development.
    • Asking price: $11,391,811.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Clothing Store Nail Salon Hotel & Motel Gym & Fitness Pharmacy Skin Care Clinic Garden Center Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smithville
    County
    Bastrop
    State
    Texas
    Longitude
    -97.16366179
    Latitude
    30.02877344

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    FAQs

    What type of property is this?
    Farm - Prime Texas land, ideal for development.
    Where is this farm located?
    The property is located at TX-230 Loop Rd Smithville, TX.
    What is the asking price?
    The asking price for this property is $11,391,811.
    What are key features of this property?
    This property features: 37.36-acre commercial/industrial property in Smithville, TX, near Hwy 71 and Smithville Airport.; Two parcels (35.58 acres and 1.78 acres) available individually or together; zoned for commercial, industrial, and ranch uses (buyer to verify).; Excellent location: 2.3 miles from downtown Smithville, 2 miles from the Colorado River, 13 miles from Bastrop, and 43 miles from Austin.
    Request Owner's contact information
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    Smithville, TX 78957
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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
    TX-230 Loop Rd Smithville, TX 78957
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