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    138 Logan Ranch Rd Georgetown, TX 78628
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    Property profile & analytics

    138 Logan Ranch Rd Georgetown, TX 78628

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    • Commercial real estate
    • 2.62 lot acres
    Off-Market
    Property ID
    US83-0379109
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 138 Logan Ranch Rd

    Lot size
    2.62 lot acres
    Property type
    Commercial real estate
    APN
    20685000000003

    Description

    This exceptional 2.62-acre unrestricted commercial land parcel presents a remarkable investment opportunity in Georgetown, Texas, a city experiencing rapid growth. Located at 138 Logan Ranch Road, this property boasts a convenient location, just five minutes from the airport and fifteen minutes from downtown Georgetown, yet enjoys the benefits of being outside city limits. The APN is 20685000000003. The asking price for this expansive lot is $445,400. Its versatility allows for a wide range of development possibilities. Previous owners have explored concepts including senior living facilities and luxury homes, and comprehensive documentation including site plans, surveys, designs, drawings, and budget information is available for review upon execution of a Letter of Intent and Non-Disclosure Agreement. This property offers a unique blend of accessibility and freedom from city regulations, making it an ideal location for entrepreneurs and developers seeking a prime location in one of America's fastest-growing cities. The property's size and location make it suitable for a variety of commercial ventures. This is a rare opportunity to acquire a substantial tract of land in a thriving Texas market. Don't miss out on this chance to build your vision in a dynamic and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Williamson
    State
    Texas
    Longitude
    -97.694733
    Latitude
    30.69423

    Comparable in this City

    • $1,095,000

      Prime Commercial Site at Rivery

      1.6752-acre commercial site near Sheraton Hotel and IH-35.
      320 Wolf Ranch Pkwy, Georgetown, TX 78628
      View Details
    • $6,800,000

      Land Available in Georgetown, TX

      Land for sale with utilities in Georgetown, Texas.
      500 County Road 267, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Development Land on TX-195

      Prime land with visibility and access on TX-195.
      1861 State Highway 195, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Georgetown Pad Sites on Williams

      Prime investment opportunity in Georgetown, TX with high visibility.
      3900 Williams Dr, Georgetown, TX 78628
      View Details

    Similar Nearby for Sale

    • $1,095,000

      Prime Commercial Site at Rivery

      1.6752-acre commercial site near Sheraton Hotel and IH-35.
      320 Wolf Ranch Pkwy, Georgetown, TX 78628
      View Details
    • $6,800,000

      Land Available in Georgetown, TX

      Land for sale with utilities in Georgetown, Texas.
      500 County Road 267, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Development Land on TX-195

      Prime land with visibility and access on TX-195.
      1861 State Highway 195, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Georgetown Pad Sites on Williams

      Prime investment opportunity in Georgetown, TX with high visibility.
      3900 Williams Dr, Georgetown, TX 78628
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo

      Versatile Georgetown ETJ Mixed-Use Property

      Live/work property with office space in a growing area.
      3900 Shell Rd, Georgetown, TX 78628
      View Details
    • Contact for pricing

      Land Available For Lease

      2.73 acres of land suitable for convenience store.
      8788 W State Highway 29, Georgetown, TX 78628
      View Details
    • Contact for pricing
      1,640 SF

      Georgetown Office Space For Rent

      Office space featuring an open layout and on-site parking.
      1625 Williams Dr, Georgetown, TX 78628
      View Details
    • $38 SF/Yr
      1,679 SF

      Mixed-Use Development Retail Space

      High-end mixed-use development with retail, restaurant, and office space.
      1500 Rivery Blvd, Georgetown, TX 78628
      View Details
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    138 Logan Ranch Rd
    Georgetown, TX 78628
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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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