1559 Farm To Market 535 Smithville, TX 78957
This exceptional 14.469-acre farm and ranch property, located at 1559 FM 535 Highway, Smithville, Texas 78957 (APN 94316), presents a unique opportunity for diverse uses. Priced at $435,000 ($30,064.28/acre), this land boasts over 500 feet of road frontage on FM 535, making it highly visible and suitable for commercial development. The property is currently under an agricultural exemption, fully fenced, and ready for livestock once vegetation is established. Recently cleared of underbrush, the gently rolling terrain offers several potential homesites with excellent privacy. Utilities are in place, with Aqua water and Bluebonnet Electric available on the western portion. Situated in the Smithville School District, this location provides a convenient commute to Austin. The absence of restrictive covenants allows for a wide range of development possibilities. This property is being offered for sale by owner. Additional acreage may be available.
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
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.