Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Planned Development Title is generated by Realmo AI

    Co Rd 107, Lockhart, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land parcel near Cherryville Development and Blue Sky Crest tract.

    Type:LAND
    Lot size:
    609.35 Acres
    Added:
    May 8, 2025
    Days on Market:
    392
    Last Refresh:
    May 20 at 8:32 pm

    Property Features for Co Rd 107

    General Information

    Standard status
    Active
    Lot size
    609.35 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Steve Barber
    Steve Barber

    Listing agent Steve Barber

    Listing office TRE Commercial Real Estate - Dallas

    Listing date May 8, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of TRE Commercial Real Estate - Dallas

    HighLights

    • Prime location adjacent to the 3,100‑acre Cherryville Development
    • High developability
    • Proximity to the future +/-2700‑acre Blue Sky Crest master‑planned community
    • Cherryville Development includes 4,000 single‑family homes
    • Cherryville Development features mixed‑use: commercial, retail, and industrial components
    • Cherryville Development has an existing MUD

    Overview

    This property's key features include its location, development potential, and proximity to upcoming developments. Situated directly east is the Cherryville Development, a 3,100-acre mixed-use planned area with an existing Municipal Utility District (MUD). The Cherryville Development's plans incorporate 4,000 single-family homes along with commercial, retail, and industrial spaces. To the north of the property is the Blue Sky Crest tract, a future master-planned community spanning approximately 2,700 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lockhart
    County
    Caldwell
    State
    Texas
    Longitude
    -97.6713
    Latitude
    29.8965

    Nearby Similar for Sale

    • $2,931,110
      2,142 SF

      Lockhart Commercially Zoned Acreage

      45.094 acres of commercially zoned land in Lockhart, TX.
      425 Seawillow Road, Lockhart, TX 78644
      View Details
    • $2,500,000
      440 SF

      Lockhart Ranch with Private Airstrip

      100-acre Lockhart ranch featuring a private airstrip and hangar.
      1190 Dickerson Road, Lockhart, TX 78644
      View Details
    • $49,300,000
      2,852 SF

      Lockhart Development Opportunity

      900-acre development site near SH 130 in Lockhart, TX.
      2884 Political Road, Lockhart, TX 78644
      View Details
    • $1,490,000
      775 SF

      Lockhart Commercial Property with Acreage

      Nearly 40-acre Lockhart property with shop, tiny homes, and creek.
      1501 Boggy Creek Road, Lockhart, TX 78644
      View Details
    • $380,000
      2,376 SF

      Modern Duplex With Two Units

      Well-appointed duplex offers two spacious residences with appliances and modern finishes, ideal for investors or owner-occupants.
      805 Hallie Cove, Lockhart, TX 78644
      View Details
    • $900,000
      1,856 SF

      Lockhart Ranch with Income Potential

      Income-producing ranch near Lockhart and San Marcos River.
      9765 State Park Road, Lockhart, TX 78644
      View Details
    • $400,000
      1,936 SF

      Renovated Duplex Across from School

      Completely renovated duplex near schools, grocery, and restaurants.
      805 Center Street, Lockhart, TX 78644
      View Details
    • $750,000
      2,071 SF

      Versatile Commercial Building on Corner Lot

      2,071 SF building on 0.56 acre in Lockhart, TX
      1030 S Guadalupe St, Lockhart, TX 78644
      View Details
    • $400,000
      1,936 SF

      Renovated Duplex Near Lockhart High

      Completely renovated 2-bed/1-bath duplex near school, stores, and restaurants.
      805 Center St., Lockhart, TX 78644
      View Details
    • $190,000
      1,728 SF

      Residential Lot Near Downtown Lockhart

      Residential lot near downtown Lockhart, Texas, offering development flexibility.
      649 Fir Lane lot: 5, Lockhart, TX 78644
      View Details
    • $299,000

      5 Acres on Highway 183

      High-visibility land suitable for commercial or residential use.
      6635 S Highway 183, Lockhart, TX 78640
      View Details
    • $299,000

      Lockhart TX Commercial Land Tract

      High-visibility 5-acre tract ideal for commercial or residential use.
      6635 S Highway 183, Lockhart, TX 78640
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel near Cherryville Development and Blue Sky Crest tract.
    Where is this land located?
    The property is located at Co Rd 107 Lockhart, TX.
    What are key features of this property?
    This property features: Prime location adjacent to the 3,100‑acre Cherryville Development; High developability; Proximity to the future +/-2700‑acre Blue Sky Crest master‑planned community
    (817) 793-0209 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Barber
    Steve Barber
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Co Rd 107, Lockhart, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!