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    County Road 420 Thorndale, TX 76577

    • Land
    For Sale
    View listing
    $875,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 County Road 420

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 47.592-acre cultivated row crop farm presents a unique investment opportunity in Thorndale, Texas. Currently utilized for row crop production, the property boasts an existing agricultural lease, providing immediate income potential. The land is ideally suited for a family farming operation, offering fertile acreage and established agricultural infrastructure. Located conveniently near both Thorndale and Taylor, Texas, the property offers easy access to local amenities and transportation routes. The property's address is listed as Co Rd 420, spanning across Milam and Williamson Counties, with zip codes 76577 and 76574 respectively. The asking price for this productive farmland is $875,000. All interested parties are strongly encouraged to independently verify all details pertaining to the property, including acreage, lease terms, and zoning regulations. This is a rare opportunity to acquire a well-established, income-producing farm in a desirable Texas location. The property is offered for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thorndale
    County
    Milam
    State
    Texas
    Longitude
    -97.2162
    Latitude
    30.7116

    Comparable in this City

    • Value Estimation by Request
      11.24 Acres

      County Rd

      Farms • 11.24 Acres
      0 County Rd, Thorndale, TX 76577
      View Details
    • Value Estimation by Request
      111.40 Acres

      486 & Crk 454

      Land • 111.40 Acres
      486 & Crk 454, Thorndale, TX 76577
      View Details
    • Value Estimation by Request

      2565 Co Rd

      Land
      2565 Co Rd, Thorndale, TX 76577
      View Details
    • Value Estimation by Request
      15.53 Acres

      Cowan St End Of

      VACANT COMMERCIAL LAND • 15.53 Acres
      Cowan St End Of, Thorndale, TX 76577
      View Details
    • Value Estimation
      $220,000
      1,790 SF

      534 County Rd 433

      COMMERCIAL (GENERAL) • 1,790 SF
      534 County Rd 433, Thorndale, TX 76577
      View Details
    • Value Estimation
      $255,000
      1,664 SF

      Rr

      COMMERCIAL (GENERAL) • 1,664 SF
      Rr, Thorndale, TX 76577
      View Details

    Similar Nearby for Sale

    • $875,000

      Thorndale, TX Farm - 47 Acres

      Prime Texas farmland, ag lease in place. Ideal family farm.
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    • $750,000
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      Income-Producing Farmland Near Thorndale, TX

      50 acres of farmland near Highway 79 growth corridor.
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      Thorndale, TX Farmland with Views

      22.896 acres of farmland with potential for pasture or residential.
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      Thorndale Farmland with Pond

      91+ acre farmland with pond near Thorndale, Texas.
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      Thorndale Farm For Sale

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    • $1,099,000

      Milam County Agricultural Property

      Agricultural property located in Milam County, Texas.
      8058 Milam County Rd, Thorndale, TX 76577
      View Details
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    County Road 420
    Thorndale, TX 76577
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    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
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