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Property profile & analytics
OFF-MARKET
Land

1690 Co Rd Lexington, TX 78947

22.78 ac lot
Property ID
Property summary
AI-generated overview

This 22.78-acre ranch in Lee County, Texas, offers a unique blend of natural beauty and modern amenities. Located at 1690 Co Rd 413, Lexington, TX 78947, the property boasts rolling terrain, mature oak and cedar trees, and abundant wildlife, including deer, turkey, and doves. Electricity is available, and while water is sourced from wells, the property includes a half-acre pond site. The land is fully fenced and features a recently cleared building site with breathtaking views and a newly constructed entry. Conveniently located near Lexington, Rockdale, Taylor, Austin, Waco, and Houston, this property also benefits from its proximity to the Lexington Independent School District. Deed restrictions are in place, and the property qualifies for Wildlife and Agricultural exemptions. An oil well (capped) is also present on the property. This historically significant ranch offers numerous recreational opportunities, including hunting and various outdoor activities. The property is accessible via County Road 413, with easy access to State Highway 77. Landowners can receive guidance from the NRCS and the Noble Foundation on aspects of country living. This is an exceptional opportunity to own a piece of Texas countryside.

Property profile
Verified
Property type Land
Lot 22.78 ac (992,297 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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