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

    348 Blau Ln Hext, TX 76848

    • Commercial real estate
    • 247.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1495298
    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 348 Blau Ln

    Lot size
    247.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 247.4-acre ranch in Menard County, Texas, presents a unique opportunity to own a piece of the Texas Hill Country. The property boasts a custom-built, three-bedroom, three-bathroom modern log farmhouse completed in 2021, offering 2,025 square feet of comfortable living space with gas appliances. The home features rustic elegance and an expansive porch perfect for enjoying the tranquil surroundings. The land is divided into three well-managed pastures, bordered by high fencing (three sides) and low fencing (one side), promoting abundant wildlife including white-tail deer, turkey, dove, and quail. Water resources are plentiful, including two wells with submersible pumps, four stock tanks, and a deep irrigation well, enhanced by Five Mile Creek and Holland Draw with eight spreader dams. The property offers 2,680 feet of frontage along State Highway 29 and 4,051 feet along Blau Lane, providing both seclusion and convenient access. Improvements include two metal barns and pipe pens for livestock, along with additional buildable sites. Mature trees such as live oak, post oak, pecan, and mesquite add to the scenic beauty, complemented by meticulously cultivated improved grasses. Located 18 miles east of Menard, 20 miles northwest of Mason, and just over 25 miles southwest of Brady, this ranch offers a blend of luxury and rural serenity, making it an ideal retreat or investment. The asking price is $1,999,000.

    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
    Hext
    County
    Menard
    State
    Texas
    Longitude
    -99.5128881
    Latitude
    30.8653866

    Comparable in this City

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    • $2,853,750
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      190 Acre Hext Land Parcel

      190+ acre property suitable for residential, agricultural, or investment.
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    • $172,900
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    • $5,275,050
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      351+ Acre Hext Land Parcel

      Versatile 351.67 acre property suitable for residential, agricultural, or investment.
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    • $11,700,000
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    Similar Nearby for Sale

    • $5,199,000
      346.60 Acres

      346.6 Acres of Versatile Land

      346.6 acres in Hext, TX, suitable for residential, agricultural, or investment.
      12757 Hwy 29, Hext, TX 76848
      View Details
    • $5,275,050
      351.67 Acres

      351+ Acre Hext Land Parcel

      Versatile 351.67 acre property suitable for residential, agricultural, or investment.
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    • $172,900
      20.00 Acres

      20 Acres of Oak-Covered Land

      20 acres of AG exempt land, ideal for recreation or building.
      1542 -- Elm Spg Trl, Hext, TX 76848
      View Details
    • $2,853,750
      190.25 Acres

      190 Acre Hext Land Parcel

      190+ acre property suitable for residential, agricultural, or investment.
      12757 Hwy 29, Hext, TX 76848
      View Details
    • $11,700,000
      782.00 Acres

      Expansive Acreage with Residential Accommodations

      782-acre property with residences, barns, and agricultural potential.
      12757 Hwy 29, Hext, TX 76848
      View Details
    • $1,950,000
      193.00 Acres

      Hext Ranch with Modern Amenities

      Spacious ranch featuring modern amenities, guest house, and multiple barns.
      1398 -- Blau Ln, Hext, TX 76848
      View Details
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    Hext, TX 76848
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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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