Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    104 Oak Ct Johnson City, TX 78636

    • Land
    • 4.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 104 Oak Ct

    Lot size
    4.01 lot acres
    Property type
    Land

    Description

    This exceptional 4.01-acre property boasts prime highway frontage on U.S. Highway 281 in Johnson City, Texas. Located in the picturesque Texas Hill Country, this land offers unparalleled versatility. Its strategic location provides high visibility and easy access, making it ideal for a variety of commercial ventures, from a bed and breakfast to a larger-scale commercial development. Alternatively, the mature native trees and private setting create an idyllic location for a spacious residential estate. The property includes an existing two-bedroom, one-bathroom home, although it is in need of significant renovation and is being sold "as is," with no value added for the existing structure. Utilities are readily available on-site. The property's 78636 zip code places it within Blanco County, offering a blend of rural tranquility and convenient access to Johnson City's amenities. This 104 Oak Ct. address presents a unique investment opportunity in a growing community, promising substantial returns for the discerning buyer. The expansive lot size allows for extensive development possibilities, catering to a wide range of commercial or residential projects. Don't miss this chance to acquire a remarkable piece of Texas Hill Country real estate with exceptional highway visibility. Asking price is $325,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Blanco
    State
    Texas
    Longitude
    -98.3894
    Latitude
    30.3172

    Comparable in this City

    • Value Estimation by Request
      5.01 Acres

      366 Leaning Madrone Dr

      Land • 5.01 Acres
      366 Leaning Madrone Dr, Johnson City, TX 78636
      View Details
    • Value Estimation by Request
      10.00 Acres

      Legacy Hl Dr

      Land • 10.00 Acres
      0 Legacy Hl Dr, Johnson City, TX 78636
      View Details
    • Value Estimation by Request
      66.00 Acres

      1533 Rnch To Market Rd

      Investment properties • 2,200 SF
      1533 Rnch To Market Rd, Johnson City, TX 78636
      View Details
    • Value Estimation by Request
      10.42 Acres

      488 Stanton Rd

      Multifamily properties • 1,000 SF
      488 Stanton Rd, Johnson City, TX 78636
      View Details
    • Value Estimation by Request
      6.00 Acres

      4747 Flat Creek Rd

      Land • 6.00 Acres
      4747 Flat Creek Rd, Johnson City, TX 78636
      View Details
    • Value Estimation by Request
      40.00 Acres

      5541 Us-290

      Farms • 40.00 Acres
      5541 Us-290, Johnson City, TX 78636
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Johnson City Wildlife Exempt Property

      20-acre property near Johnson City with home and amenities.
      164 Weddle Rd, Johnson City, TX 78636
      View Details
    • $675,000
      10.42 Acres

      Texas Hill Country Yurt Retreat

      8-Unit Yurt Complex, 10 Acres
      488 Stanton Rd, Johnson City, TX 78636
      View Details
    • $3,425,000
      66.00 Acres

      Texas Hill Country Ranch

      66 Acres, 2-bed home, investment potential
      1533 Rnch To Market Rd 1323, Johnson City, TX 78636
      View Details
    • $545,000
      5.45 Acres

      Prime 5.45-Acre Commercial Land

      Texas Hill Country commercial lot with stunning views.
      518 Sunset Dr, Johnson City, TX 78636
      View Details
    • $385,000

      Commercial Lot with Live Oak

      Commercial or residential lot featuring level ground and mature trees.
      104 N Ave St N, Johnson City, TX 78636
      View Details
    • $9,995,000

      200 Acres Waterfront Land

      200+/- acre waterfront ranch near Fredericksburg and Johnson City, TX.
      1594 S Ranch Road 1320, Johnson City, TX 78636
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      400 SF

      Prime Johnson City Office Space

      400 SF Creative Office - Hwy 281
      603 Us Highway 281, Johnson City, TX 78636
      View Details
    • $1,000 /Mo

      Office Space in Growing City

      Office space in a rapidly growing Central Texas town.
      603 B, Johnson City, TX 78636
      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.
    104 Oak Ct
    Johnson City, TX 78636
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.