Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2914 Rabbs Prairie Rd La Grange, TX 78945
    Property profile & analytics

    2914 Rabbs Prairie Rd La Grange, TX 78945

    View on Map
    • Commercial real estate
    • 19.13 lot acres
    Off-Market
    Property ID
    US82-5881768
    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 2914 Rabbs Prairie Rd

    Lot size
    19.13 lot acres
    Property type
    Commercial real estate
    APN
    R51759

    Description

    This exceptional 19.13-acre property in Fayette County, Texas, presents a unique blend of agricultural, residential, and recreational opportunities. Located at 2914 Rabbs Prairie Rd, La Grange, TX 78945, this land boasts stunning Colorado River frontage, offering breathtaking views and tranquil surroundings. The property includes a beautifully restored farmhouse, showcasing longleaf pine floors and a harmonious blend of historic charm and modern upgrades, including a high-quality kitchen and bathrooms. The expansive acreage gently slopes towards the river, featuring mature pecan trees along the banks. Conveniently situated just five minutes from La Grange, this location provides easy access to town amenities while maintaining a peaceful, secluded atmosphere. The property is also within close proximity to the Fayette County fairgrounds and the vibrant communities of Round Top and Warrenton. The asking price is $2,563,000, translating to $133,978 per acre. The APN is R51759. Owner financing is available. This remarkable property offers an unparalleled opportunity for a private retreat, a working farm, or a unique investment.

    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
    La Grange
    County
    Fayette
    State
    Texas
    Longitude
    -96.9201378
    Latitude
    29.9496638

    Comparable in this City

    • $987,000
      2,096 SF

      Highway Frontage Residential Farm-Ranch Property

      8.043 acres with brick home, potential for residential or commercial.
      1243 North Jefferson St, La Grange, TX 78945
      View Details
    • $529,000
      2,795 SF

      La Grange Farm-Ranch Style Home

      Spacious home on 3 acres near La Grange, Texas.
      407 North Raymond Rd, La Grange, TX 78945
      View Details
    • $469,000
      912 SF

      La Grange Farm-Ranch Opportunity

      Charming 2-bedroom home on 13+/- acres in La Grange.
      140 Ronnie Rd, La Grange, TX 78945
      View Details
    • $1,249,000
      4,212 SF

      Historic Victorian Home on Large Lot

      A preserved 1892 home with modern comforts on 5.282 acres.
      541 North Main St, La Grange, TX 78945
      View Details
    • New
      $379,000
      1,841 SF

      Farm-Style Home on Picturesque Acres

      Charming 3-bedroom home on 2.2 acres with mature trees.
      5706 Anders-Daniels Rd, La Grange, TX 78945
      View Details
    • $165,000
      1,152 SF

      La Grange Residential Investment Opportunity

      Residential property near La Grange, Texas, ideal for renovation.
      4002 State Highway 71 Byp, La Grange, TX 78945
      View Details

    Similar Nearby for Sale

    • $987,000
      2,096 SF

      Highway Frontage Residential Farm-Ranch Property

      8.043 acres with brick home, potential for residential or commercial.
      1243 North Jefferson St, La Grange, TX 78945
      View Details
    • $529,000
      2,795 SF

      La Grange Farm-Ranch Style Home

      Spacious home on 3 acres near La Grange, Texas.
      407 North Raymond Rd, La Grange, TX 78945
      View Details
    • $469,000
      912 SF

      La Grange Farm-Ranch Opportunity

      Charming 2-bedroom home on 13+/- acres in La Grange.
      140 Ronnie Rd, La Grange, TX 78945
      View Details
    • $1,249,000
      4,212 SF

      Historic Victorian Home on Large Lot

      A preserved 1892 home with modern comforts on 5.282 acres.
      541 North Main St, La Grange, TX 78945
      View Details
    • $165,000
      1,152 SF

      La Grange Residential Investment Opportunity

      Residential property near La Grange, Texas, ideal for renovation.
      4002 State Highway 71 Byp, La Grange, TX 78945
      View Details
    • New
      $379,000
      1,841 SF

      Farm-Style Home on Picturesque Acres

      Charming 3-bedroom home on 2.2 acres with mature trees.
      5706 Anders-Daniels Rd, La Grange, TX 78945
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1618 State Highway 71 Byp, La Grange, TX 78945
      View Details
    • $3,000 /Mo

      La Grange Flex Space

      High-visibility flex space suitable for salon, spa, office use.
      1417 W State Highway 71 Byp E, La Grange, TX 78945
      View Details
    • $6,000 /Mo

      La Grange Restaurant Space Available

      High-visibility restaurant space in the heart of La Grange.
      403 N Jefferson St, La Grange, TX 78945
      View Details
    • $7,500 /Mo

      Retail Space in La Grange

      Retail space available for lease in La Grange, Texas.
      403 N Jefferson St, La Grange, TX 78945
      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.
    2914 Rabbs Prairie Rd
    La Grange, TX 78945
    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

    Thank You for Inquiry
    2914 Rabbs Prairie Rd, La Grange, TX, 78945
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!