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

    2327 Texas 237 Round Top, TX 78954

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

    Current Use by Public Records

    • Land

    Property Details for 2327 Texas 237

    Lot size
    27.09 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 27.092-acre property in Fayette County, Texas, presents a unique investment opportunity. Located at 2327 E ST HWY 237, Round Top, TX 78954, this land boasts a strategic location midway between Austin and Houston, placing it directly on the popular Antique Trail, just six minutes from the renowned Junk Gypsy. Owned by the same family since 1912, the land has a rich history, having served as both a cotton and dairy farm. Currently used for cattle grazing, its versatility allows for diverse development possibilities, including residential homes, ranches, or commercial ventures. The property features beautiful, rolling Blackland Prairie terrain, partially fenced for livestock, and enhanced by a deep pond and several mature live oak trees. Utilities, including water and electricity, are readily accessible at the street. With 1,057 feet of frontage on Highway 237, accessibility is maximized for any chosen use. The asking price is $825,000, translating to $50,000 per acre. This represents a compelling value for a property with such significant potential and desirable location. Don't miss this chance to own a piece of Texas history with limitless possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Round Top
    County
    Fayette
    State
    Texas
    Longitude
    -96.7537
    Latitude
    29.9913

    Comparable in this City

    • Value Estimation by Request
      2.23 Acres

      2 Farm To Market Rd

      Farms • 2.23 Acres
      2 Farm To Market Rd, Round Top, TX 78954
      View Details
    • Value Estimation by Request
      5.20 Acres

      1 Farm To Market Rd

      Farms • 5.20 Acres
      1 Farm To Market Rd, Round Top, TX 78954
      View Details
    • Value Estimation by Request
      39.05 Acres

      3 Fm 1291. Round Top Tx 78954

      Land • 39.05 Acres
      3 Fm 1291. Round Top Tx 78954, Round Top, TX 78954
      View Details
    • Value Estimation
      $275,000
      3.23 Acres

      Fm 1457

      COMMERCIAL (GENERAL) • 3.23 Acres
      Fm 1457, Round Top, TX 78954
      View Details
    • Value Estimation
      $410,000
      25,600 SF

      1500 State Hwy 237

      COMMERCIAL (GENERAL) • 25,600 SF
      1500 State Hwy 237, Round Top, TX 78954-5060
      View Details
    • Value Estimation
      $550,000
      15,253 SF

      301 Washington St

      COMMERCIAL (GENERAL) • 15,253 SF
      301 Washington St, Round Top, TX 78954-5053
      View Details

    Similar Nearby for Sale

    • $2,222,792
      6.97 Acres

      Round Top Wooded Acreage Opportunity

      Wooded acreage within Round Top town limits, near shopping and dining.
      505 North Live Oak St, Round Top, TX 78954
      View Details
    • $1,000,000
      Pending

      33 Acres Near Round Top

      33 acres of land near Round Top, Texas.
      1190 North Nassau Rd, Round Top, TX 78954
      View Details
    • $3,995,000
      4,387 SF

      Round Top Furnished Estate on Acres

      Furnished Round Top home on 5.6 acres with pool.
      565 Bybee Rd, Round Top, TX 78954
      View Details
    • $4,750,000
      4,666 SF

      Luxury Home on Sprawling Acres

      Elegant home on 12.52 acres in Round Top, TX.
      1030 Hackemack Rd, Round Top, TX 78954
      View Details
    • $1,295,000
      2,146 SF

      Round Top Acreage with Pool

      Charming Round Top residence with pool, garage, and recreational space.
      2510 Round Top Rd, Round Top, TX 78954
      View Details
    • $2,995,000
      3,956 SF

      Round Top Estate with Pond

      Exceptional 10-acre Round Top property with main residence and pond.
      139 Blossom Hill Rd, Round Top, TX 78954
      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.
    2327 Texas 237
    Round Top, TX 78954
    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.