Hwy 183 Lockhart, TX 78644
This exceptional 26.36-acre commercial property boasts over 1,050 feet of prime frontage along Highway 183, just south of the thriving city of Lockhart, Texas. Located outside the extraterritorial jurisdiction (ETJ), this expansive tract presents a multitude of development opportunities. The land offers a desirable blend of approximately 17 acres of partially wooded terrain and approximately 9 acres of cleared land, creating a versatile canvas for various projects. The property features a picturesque mixture of trees in the rear, enhancing its natural appeal. A wildlife exemption is currently in place, and the property is fenced on three sides, providing a degree of security and privacy. A wet weather creek runs along the southern edge, adding a unique natural element to the landscape. The seller is open to considering the division of the property into tracts of 10 acres or more, providing flexibility for potential buyers. The property's strategic location offers convenient access to major transportation arteries, with an approximate 35-40 minute drive to Austin-Bergstrom International Airport (ABIA) and Tesla, and a short 4.5-mile distance to a Walmart. Please note that the seller may have imposed certain restrictions
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.