Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Fm 1047 Lometa, TX 76853

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fm 1047 Lometa, TX 76853

    View on Map
    • Land
    • 155.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fm 1047

    Lot size
    155.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This stunning 155-acre ranch in Lampasas County, Texas, presents a unique live-water opportunity. Simms Creek, a spring-fed creek with deep water holes even during dry summers, runs through the property, boasting extensive creek frontage. The ranch features impressive hardwood tree coverage, including numerous mature oak trees, creating a picturesque landscape. Significant elevation changes offer breathtaking views in all directions, overlooking the creek bottom. Wildlife is abundant, with whitetail deer, turkeys, doves, ducks, pigs, and quail frequenting the area. Access is convenient via a private driveway off FM 1047, east of Lometa, Texas. The location provides easy access to major cities: approximately 1 hour and 25 minutes from Austin, 1 hour and 30 minutes from Waco, and 2 hours and 30 minutes from Fort Worth. This property is ideal for those seeking a private retreat with exceptional hunting opportunities, stunning natural beauty, and convenient proximity to urban centers. The asking price is $2,250,000. The property's zip code is 76853.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lometa
    County
    Lampasas
    State
    Texas
    Longitude
    -98.3117
    Latitude
    31.3631

    Comparable in this City

    • Value Estimation by Request
      48.00 Acres

      18831 County Road 2200

      Farms • 48.00 Acres
      18831 County Road 2200, Lometa, TX 76853
      View Details
    • Value Estimation by Request
      666.52 Acres

      2455 County Road 2699

      Farms • 666.52 Acres
      2455 County Road 2699, Lometa, TX 76853
      View Details
    • Value Estimation by Request
      42.00 Acres

      Crk 330

      Land • 42.00 Acres
      0 Crk 330, Lometa, TX 76853
      View Details
    • Value Estimation by Request
      120.00 Acres

      518 County Road 1403

      Investment properties • 120.00 Acres
      518 County Road 1403, Lometa, TX 76853
      View Details
    • Value Estimation by Request
      15.01 Acres

      Fm 581

      Land • 15.01 Acres
      0 Fm 581, Lometa, TX 76853
      View Details
    • Value Estimation by Request
      15.01 Acres

      Fm 581

      Land • 15.01 Acres
      0 Fm 581, Lometa, TX 76853
      View Details

    Similar Nearby for Sale

    • $3,995,000
      289.00 Acres

      289 Acres of Texas Land

      289 acres of farm, ranch, and agricultural land.
      287 -- Country Rd, Lometa, TX 76853
      View Details
    • $549,000
      Pending

      Sunset Rise Ranch Retreat

      10-acre ranch near Lampasas with custom home and guest apartment.
      2498 County Road 2109, Lometa, TX 76853
      View Details
    • $525,000
      2,995 SF

      Lometa Farmhouse on 6.41 Acres

      Spacious farmhouse on 6.41 acres near Lometa, Texas.
      1115 County Road 2102, Lometa, TX 76853
      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.
    Fm 1047
    Lometa, TX 76853
    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

    Fm 1047, Lometa, TX, 76853

    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!