584 U Hwy Lampasas, TX 76550
This exceptional 8.36-acre industrial property in Lampasas, Texas, offers unparalleled potential. Strategically located at the intersection of Highway 183, this high-visibility site boasts excellent accessibility. The property comprises two parcels totaling 8.36 acres, sold together. The larger 6.36-acre parcel features a 28-foot county-approved highway entrance, ensuring convenient access for future development. The smaller 2-acre parcel shares an entrance with an adjacent business. Both parcels have readily available electric service, and water is accessible through the City of Lampasas or Corix Coop water. A septic system will be required. Importantly, a thorough professional engineering and soil evaluation has already been completed for the 6.36-acre parcel, providing valuable data for prospective developers. To further enhance the development opportunity, the owner of the adjacent 2-acre parcel is committed to removing all existing buildings and business materials before the sale, unless otherwise agreed upon in the purchase contract. This presents a clean slate for immediate development, perfectly positioned for high visibility and convenient access. The asking price for this remarkable opportunity is $1,199,000.
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
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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.