Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2109 County Rd Lampasas, TX 76550

    • Land
    • 10.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2109 County Rd

    Lot size
    10.01 lot acres
    Property type
    Land

    Description

    This exceptional 10.01-acre commercial property is located in Lampasas County, Texas, at County Rd 2109, zip code 76550. Offered at $110,000, this expansive land presents a unique opportunity for various commercial ventures. Situated in the serene Texas Hill Country, the property boasts abundant pastureland, ideal for grazing or creating a tranquil setting. Conveniently located approximately 20 minutes north of Lampasas' downtown area, it offers easy access to essential amenities while maintaining a peaceful, secluded atmosphere. Existing infrastructure includes accessible water and electricity, making this a practical and ready-to-develop site. The property's size and location make it suitable for a wide range of commercial uses, from agricultural pursuits to establishing a peaceful retreat. This blank canvas awaits your vision, offering a chance to build your future in the heart of the Texas Hill Country. The latitude and longitude coordinates are 31.2663858 and -98.251346 respectively. Don't miss this chance to acquire this valuable commercial land in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lampasas
    County
    Lampasas
    State
    Texas
    Longitude
    -98.2513
    Latitude
    31.2664

    Comparable in this City

    • Value Estimation by Request
      0.42 Acres

      2 Crk 4002

      Land • 0.42 Acres
      2 Crk 4002, Lampasas, TX 76550
      View Details
    • Value Estimation by Request
      24.62 Acres

      183 Lampassas Tx 76550

      Farms • 24.62 Acres
      183 Lampassas Tx 76550, Lampasas, TX 76550
      View Details
    • Value Estimation by Request
      17.30 Acres

      1312 Hwy

      Farms • 17.30 Acres
      1312 Hwy, Lampasas, TX 76550
      View Details
    • Value Estimation by Request
      49.98 Acres

      183 Lampasas Tx

      Farms • 49.98 Acres
      183 Lampasas Tx, Lampasas, TX 76550
      View Details
    • Value Estimation by Request
      0.50 Acres

      1 Crk 4002

      Land • 0.50 Acres
      1 Crk 4002, Lampasas, TX 76550
      View Details
    • Value Estimation by Request
      6.47 Acres

      8270 Hwy

      Land • 6.47 Acres
      8270 Hwy, Lampasas, TX 76550
      View Details

    Similar Nearby for Sale

    • $1,100,000
      17.30 Acres

      Hwy 281 Lampasas Commercial Land

      17 Acres, High Traffic Count, Redevelopment Potential
      1312 Us Highway 281, Lampasas, TX 76550
      View Details
    • $30,381,468
      2,532.00 Acres

      Texas Hill Country Ranch

      2,532 Acres, Stunning Views
      1159 County Road 1139, Lampasas, TX 76550
      View Details
    • $150,000
      5.00 Acres

      Hill Country 5-Acre Lot

      Texas land, stunning views, gated community
      100 Waterbuck Way, Lampasas, TX 76550
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Campbell St, Lampasas, TX 76550
      View Details
    • New
      $1,368,000
      57.00 Acres

      57 Acre Hill Country Land

      Unimproved land with mature trees, seasonal creeks, and scenic views.
      1 County Road 208, Lampasas, TX 76550
      View Details
    • $145,000
      11.00 Acres

      Lampasas County Land For Sale

      11 acre tract with minimal restrictions near FM 580.
      Fm 580 W, Lampasas, TX 76550
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      8,440 SF

      Lampasas Flex Space - 8,440 SF

      Downtown Lampasas flex warehouse, ready for your business.
      408 Main St, Lampasas, TX 76550
      View Details
    • $20 SF/Yr
      15,000 SF

      Lampasas Commercial Space Available

      Versatile spaces, prime location, high traffic.
      1009 4Th St, Lampasas, TX 76550
      View Details
    • $3,100 /Mo
      2,250 SF

      Office with Warehouse on Highway

      Office and warehouse space with highway visibility in Lampasas, TX.
      2237 Highway 190 E, Lampasas, TX 76550
      View Details
    • $22 SF/Yr
      8,946 SF

      Lampasas Office Space Available

      Modern Office Suites in Lampasas, TX
      1010 4Th St, Lampasas, TX 76550
      View Details
    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.
    2109 County Rd
    Lampasas, TX 76550
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.