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    724 Foster Bond St Cross Plains, TX 76443

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    724 Foster Bond St Cross Plains, TX 76443

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    • Commercial real estate
    • 38.00 lot acres
    Off-Market
    Property ID
    US83-0565603
    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 724 Foster Bond St

    Lot size
    38.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 38-acre ranch property in Cross Plains, Texas, presents a unique opportunity. Situated partially within city limits, this property offers a blend of comfortable living and agricultural potential. The main residence, a 2,762 square foot brick home built in 1977, features three bedrooms and two bathrooms. The open-concept layout includes a kitchen with custom wood cabinets and ceramic tile flooring that extends into the dining area. The living room boasts a wood-burning fireplace, while the primary bedroom offers dual sinks. All bedrooms include walk-in closets and ceiling fans. A sunroom runs the length of the home's back, providing additional living space. A covered back patio, partially enclosed for wind protection, is ideal for outdoor entertaining. The property also includes approximately 28 acres of coastal Bermuda grass, potentially yielding up to three hay cuttings per year. Agricultural infrastructure includes pipe cattle pens with water and electricity. Three water wells, approximately 40-45 feet deep, provide approximately 15 gallons per minute. A substantial 36' x 72' metal equipment shed with an under-structure sea container offers ample storage. The property's location at the edge of town provides both privacy and convenient access to Cross Plains amenities. This property is perfect for those seeking a combination of comfortable living and agricultural opportunities. The asking price is $585,000. The property is located at 724 Foster Bond, Cross Plains, TX 76443.

    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
    Cross Plains
    County
    Callahan
    State
    Texas
    Longitude
    -99.1601352
    Latitude
    32.1320898

    Comparable in this City

    • $284,242
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      Cross Plains Acreage with Water Wells

      40.6 acre ranch land with water wells and electricity.
      8655 Cr 452, Cross Plains, TX 76443
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    • $297,500
      35.00 Acres

      35 Acre Coastal Bermuda Grass Land

      35 acres of improved land near Cross Plains, Texas.
      Tbd Hwy 36, Cross Plains, TX 76443
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    • $185,000
      27.00 Acres

      27 Acres Near Cross Plains

      Manageable Texas land with pasture, trees, and hunting potential.
      Tbd State Hwy 206, Cross Plains, TX 76443
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    • New
      $715,625
      125.00 Acres

      Cross Plains Ranch with Coastal Fields

      125-acre ranch featuring coastal fields, wooded areas, and ponds.
      Tbd Cr 429, Cross Plains, TX 76443
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    • $89,000
      11.00 Acres

      Callahan County Land with Water

      11-acre tract ideal for livestock, hay, or homesite.
      Tbd Cr 409, Cross Plains, TX 76443
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    • $1,250,000
      254.00 Acres

      254-Acre Ranch Near Crosscut, TX

      254-acre ranch with highway frontage, water features, and abundant wildlife.
      Tbd County Rd 121, Cross Plains, TX 76443
      View Details

    Similar Nearby for Sale

    • $284,242
      40.61 Acres

      Cross Plains Acreage with Water Wells

      40.6 acre ranch land with water wells and electricity.
      8655 Cr 452, Cross Plains, TX 76443
      View Details
    • $297,500
      35.00 Acres

      35 Acre Coastal Bermuda Grass Land

      35 acres of improved land near Cross Plains, Texas.
      Tbd Hwy 36, Cross Plains, TX 76443
      View Details
    • $185,000
      27.00 Acres

      27 Acres Near Cross Plains

      Manageable Texas land with pasture, trees, and hunting potential.
      Tbd State Hwy 206, Cross Plains, TX 76443
      View Details
    • New
      $715,625
      125.00 Acres

      Cross Plains Ranch with Coastal Fields

      125-acre ranch featuring coastal fields, wooded areas, and ponds.
      Tbd Cr 429, Cross Plains, TX 76443
      View Details
    • $89,000
      11.00 Acres

      Callahan County Land with Water

      11-acre tract ideal for livestock, hay, or homesite.
      Tbd Cr 409, Cross Plains, TX 76443
      View Details
    • $1,250,000
      254.00 Acres

      254-Acre Ranch Near Crosscut, TX

      254-acre ranch with highway frontage, water features, and abundant wildlife.
      Tbd County Rd 121, Cross Plains, TX 76443
      View Details
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    Cross Plains, TX 76443
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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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    724 Foster Bond St, Cross Plains, TX, 76443

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