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    3096 Happy Swaner Ln Axtell, TX 76624
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    3096 Happy Swaner Ln Axtell, TX 76624

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    • Commercial real estate
    • 148.00 lot acres
    For Sale
    $1,975,000
    View Listing →
    Axtell Ranch with Private Lake For Sale
    $1,975,000
    1,600 SF

    Axtell Ranch with Private Lake

    Pristine 148-acre ranch featuring a 25-acre stocked lake.

    3096 Happy Swaner Lane, Axtell, TX 76624
    View Listing
    Property ID
    US82-5682024
    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 3096 Happy Swaner Ln

    Lot size
    148.00 lot acres
    Property type
    Commercial real estate

    Description

    Own your slice of Texas paradise with this meticulously maintained 148-acre ranch in Northeast McLennan County, just 25 minutes from Waco. This property boasts a 25+ acre private lake stocked with trophy bass, a custom 1600 sq ft barndominium with a full kitchen and bathroom, plus an attached 40x40 shop with an Atlas car lift. The barndominium features a stone outdoor fireplace and expansive covered areas perfect for entertaining. The ranch also includes producing pastures ideal for hay production (generating several hundred bales in a wet spring), mature hardwoods, and a smaller stocked pond. Excellent fencing surrounds the entire property. Enjoy abundant wildlife including white-tailed deer, turkeys, and various waterfowl. Utilities include city water (with a second meter), electricity (partially underground), a large-capacity septic system, and a new propane tank. Additional improvements include a metal pavilion by the lake and a 25x50 metal pavilion for equipment storage, both with water and electricity. Two deer blinds, a protein feeder, two corn feeders, and a fish feeder are included. Access is via a paved road and an immaculate gravel driveway. This turnkey property is perfect for a full-time residence or weekend retreat. All dimensions are estimates; buyers should verify before submitting an offer.

    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
    Axtell
    County
    McLennan
    State
    Texas
    Longitude
    -96.931474
    Latitude
    31.6882

    Comparable in this City

    • $1,975,000
      1,600 SF

      Axtell Ranch with Private Lake

      Pristine 148-acre ranch featuring a 25-acre stocked lake.
      3096 Happy Swaner Ln, Axtell, TX 76624
      View Details
    • $112,500
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      Unrestricted Land with Utilities

      2.19 acres in Leroy, TX with utilities in place.
      4819 Heritage Pkwy, Leroy, TX 76624
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      Axtell, TX Acreage for Home

      3.5+ acre lot in Axtell ISD, build your dream home.
      Tbd Hurst Rd, Axtell, TX 76624
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    • $199,500
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      Commercial Lot with Highway Exposure

      Prime 0.73-acre commercial lot with building in Axtell, Texas.
      Tbd Hwy 84 Hwy, Axtell, TX 76624
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    • $249,999
      1.72 Acres

      Unrestricted Land in Axtell, TX

      Unrestricted land ideal for commercial, investment, residential, or future development.
      E Old Axtell Rd, Axtell, TX 76624
      View Details
    • Contact for pricing

      Land Tracts Available

      Negotiable land tracts for sale.
      Native Oaks Rd, Axtell, TX 76624
      View Details

    Similar Nearby for Sale

    • $1,975,000
      1,600 SF

      Axtell Ranch with Private Lake

      Pristine 148-acre ranch featuring a 25-acre stocked lake.
      3096 Happy Swaner Ln, Axtell, TX 76624
      View Details
    • $112,500
      2.19 Acres

      Unrestricted Land with Utilities

      2.19 acres in Leroy, TX with utilities in place.
      4819 Heritage Pkwy, Leroy, TX 76624
      View Details
    • $140,000
      3.55 Acres

      Axtell, TX Acreage for Home

      3.5+ acre lot in Axtell ISD, build your dream home.
      Tbd Hurst Rd, Axtell, TX 76624
      View Details
    • $199,500
      0.73 Acres

      Commercial Lot with Highway Exposure

      Prime 0.73-acre commercial lot with building in Axtell, Texas.
      Tbd Hwy 84 Hwy, Axtell, TX 76624
      View Details
    • $249,999
      1.72 Acres

      Unrestricted Land in Axtell, TX

      Unrestricted land ideal for commercial, investment, residential, or future development.
      E Old Axtell Rd, Axtell, TX 76624
      View Details
    • Contact for pricing

      Land Tracts Available

      Negotiable land tracts for sale.
      Native Oaks Rd, Axtell, TX 76624
      View Details
    View Listing
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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.

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