Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    26885 Long Draw Terlingua, TX 79852
    Back to Search
    Property profile & analytics

    26885 Long Draw Terlingua, TX 79852

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

    Current Use by Public Records

    • Land

    Property Details for 26885 Long Draw

    Lot size
    290.50 lot acres
    Property type
    Land

    Description

    This exceptional 290.5-acre commercial land parcel presents a unique investment opportunity in Brewster County, Texas. Situated between the historic Terlingua Ghost Town and the resort community of Lajitas, this property boasts breathtaking views of the Chisos Mountains. Accessed via Long Draw Road, off Highway 170, the land offers a blend of high ground with westerly slopes descending into Long Draw Creek. The elevated positions provide panoramic views of the surrounding basin, making it ideal for various uses, including hunting or nature-based ventures. Existing easements offer the potential for connection to Rio Grande Electric service. While roads traverse much of the upland eastern portion, additional road construction may be required to access certain areas. A recently constructed creek crossing enhances accessibility. This rare offering combines the beauty of the West Texas desert landscape with convenient proximity to paved roads and the potential for utility connections, representing a compelling opportunity for development or recreational use. The asking price is $726,250, translating to $2,500 per acre. The property's address is 26885 Long Draw, Terlingua, TX 79852.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Terlingua
    County
    Brewster
    State
    Texas
    Longitude
    -103.632
    Latitude
    29.3155

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      15208 Lowery Ky Rd

      Land • 10.00 Acres
      15208 Lowery Ky Rd, Study Butte-Terlingua, TX 79852
      View Details
    • Value Estimation by Request
      10.00 Acres

      31466a Ringtail

      Land • 10.00 Acres
      31466a Ringtail, Terlingua, TX 79852
      View Details
    • Value Estimation by Request
      5.00 Acres

      14833 Carico

      Land • 5.00 Acres
      14833 Carico, Study Butte-Terlingua, TX 79852
      View Details
    • Value Estimation by Request
      20.00 Acres

      21196 Trachyte

      Land • 20.00 Acres
      21196 Trachyte, Study Butte-Terlingua, TX 79852
      View Details
    • Value Estimation by Request
      20.00 Acres

      14753 Titan Pkwy

      Land • 20.00 Acres
      14753 Titan Pkwy, Study Butte-Terlingua, TX 79852
      View Details
    • Value Estimation by Request
      10.03 Acres

      None Terlingua

      Land • 10.03 Acres
      0 None Terlingua, Terlingua, TX 79852
      View Details

    Similar Nearby for Sale

    • $89,000
      8.90 Acres

      Highway Frontage Vacant Land

      8.871 acres with highway frontage near Big Bend National Park.
      15128 S Electric H-129 Hwy, Terlingua, TX 79852
      View Details
    • Contact for pricing
      20.00 Acres

      Terlingua, TX Land For Sale

      20 acre land parcel in Terlingua, Texas.
      5109 Victoria Dr, Terlingua, TX 79852
      View Details
    • $39,000
      10.05 Acres

      Terlingua Ranch Land Parcel

      10+ acre tract in Terlingua Ranch with mountain views.
      890A Lk Ament Rd, Terlingua, TX 79852
      View Details
    • Contact for pricing
      20.00 Acres

      Terlingua Land with Mountain Views

      20-acre tract with rolling hills and fabulous views.
      5269 Missle Dr, Terlingua, TX 79852
      View Details
    • $100,000
      40.00 Acres

      40 Acres Near Christmas Mountains

      Vacant land parcel with easy access near Christmas Mountains.
      361 Luna Loca Way, Alpine, TX 79852
      View Details
    • Contact for pricing
      5.00 Acres

      Terlingua Ranch Land For Sale

      5 acres in Terlingua Ranch with mountain views.
      C217 Iwo Jima Pass, Terlingua, TX 79852
      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.
    26885 Long Draw
    Terlingua, TX 79852
    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
    26885 Long Draw, Terlingua, TX, 79852
    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!