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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2955 Francis Harris Ln New Braunfels, TX 78130

    • Commercial real estate
    • 95.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1791167
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2955 Francis Harris Ln

    Lot size
    95.70 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 95.695-acre property in Hays County, Texas, presents a unique investment opportunity. Located near New Braunfels (zip code 78130) at 2955 Francis Harris Ln, this expansive land boasts a diverse range of potential uses, including agricultural, commercial, and residential development. The property is unzoned, offering flexibility for various projects. Features include two wells supplemented by Crystal Clear water service, ensuring a reliable water supply. A charming 2,304-square-foot earth-and-home-style residence is included, featuring an energy-efficient design, two bedrooms, two bathrooms, and a loft. The home seamlessly blends comfort and sustainability, with a thoughtful layout and expansive front porch. A spacious carport provides ample vehicle shelter. The picturesque landscape is enhanced by majestic oak trees, three ponds/tanks, and York Creek frontage. Abundant wildlife, including deer and turkey, provides excellent hunting opportunities. Conveniently located just four miles from I-35 and a short drive to San Marcos and its outlet malls, this property offers a blend of rural tranquility and urban accessibility. The asking price is $3,008,310. This is a rare chance to own a substantial tract of land with significant development potential in a desirable Texas location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Braunfels
    County
    Hays
    State
    Texas
    Longitude
    -97.9909
    Latitude
    29.7618407

    Comparable in this City

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      Agave Cellar Agricultural Property

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    • $356,865
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      Prime Commercial Land, New Braunfels

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      New Braunfels Commercial Gem!

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    Similar Nearby for Sale

    • $1,249,000
      12.50 Acres

      New Braunfels Commercial Land

      12.5 Acres, Prime Redevelopment Opportunity
      1807 New Braunfels Tx 78130, New Braunfels, TX 78130
      View Details
    • $199,000
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      New Braunfels 1.5-Acre Lot

      Prime Texas land, residential zoning.
      1968 Lou Ann Dr, New Braunfels, TX 78130
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    • $550,000

      Unrestricted Acreage in Navarro ISD

      10.43 acres in Navarro ISD with utilities and barn.
      7805 Barbarossa Rd, New Braunfels, TX 78130
      View Details
    • $295,499

      Agave Cellar Agricultural Property

      Agricultural property available for purchase in New Braunfels, Texas.
      1561 Agave Cellar, New Braunfels, TX 78130
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    • $356,865
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      Prime Commercial Land, New Braunfels

      1.13-acre C3 zoned lot, high visibility.
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      New Braunfels Commercial Gem!

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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development Land For Lease

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      24,000 SF

      Coleman Building: Retail Spaces Available

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      Pecan Crossing Retail Center

      Prime Comal County Retail Opportunity
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    New Braunfels, TX 78130
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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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