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    Property profile & analytics

    Bastrop, TX 78602

    • Commercial real estate
    • 14,400 SF
    • 2.31 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8287592
    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

    Year built
    2005
    Lot size
    2.31 lot acres
    Property size
    14,400 SF
    Property type
    Commercial real estate
    APN
    R78961
    APU
    R78961

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $653,000
      Market price range: $653k - $2.20M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Bastrop
    State
    Texas
    Longitude
    -97.2619
    Latitude
    30.0527
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $7,501
    $10,999
    $18,500
    -
    $7,501
    $10,999
    $18,500

    Comparable in this City

    • Value Estimation by Request
      13.67 Acres

      Tbd Lovers Ln

      Commercial real estate • 13.67 Acres
      Tbd Lovers Ln, Bastrop, TX 78602
      View Details
    • Value Estimation by Request
      1.04 Acres

      Bastrop, TX 78602

      COMMERCIAL (GENERAL) • 1.04 Acres
      Bastrop, TX 78602
      View Details
    • Value Estimation by Request
      1,500 SF

      3209 Loop 150th E

      COMMERCIAL (GENERAL) • 1,500 SF
      3209 Loop 150th E, Bastrop, TX 78602
      View Details
    • Value Estimation
      $1,650,000
      39,496 SF

      430 Old Austin Hwy

      COMMERCIAL (GENERAL) • 39,496 SF
      430 Old Austin Hwy, Bastrop, TX 78602-5168
      View Details
    • Value Estimation
      $930,000
      13,075 SF

      715 Old Austin Hwy

      COMMERCIAL (GENERAL) • 13,075 SF
      715 Old Austin Hwy, Bastrop, TX 78602-5164
      View Details
    • Value Estimation
      $1,620,000
      29,381 SF

      155 Electric Ave

      COMMERCIAL (GENERAL) • 29,381 SF
      155 Electric Ave, Bastrop, TX 78602
      View Details

    Similar Nearby for Sale

    • $2,300,000
      13.67 Acres

      Tbd Lovers Ln, Bastrop, TX 78602

      Commercial real estate • 13.67 Acres
      Tbd Lovers Ln, Bastrop, TX 78602
      View Details
    • $1,104,900
      3.38 Acres

      Bastrop Retail Land - Prime Location

      High-growth area, 3.38 acres, excellent visibility.
      #2, Bastrop, TX 78602
      View Details
    • $5,361,358
      7.24 Acres

      Bastrop Commercial Land - High Growth

      Prime 7.24-Acre Tract near Buc-ee's
      1900 College St, Bastrop, TX 78602
      View Details
    • $44,000,000
      860.00 Acres

      Colorado River Ranch - 860 Acres

      Prime Bastrop County Land: Development Opportunity
      2600 State Hwy 71, Bastrop, TX 78602
      View Details
    • $1,500,000
      2,000 SF

      Prime Bastrop Retail Investment

      Thriving Dry Cleaner, High Growth Area
      494 Agnes St, Bastrop, TX 78602
      View Details
    • $71,500
      0.76 Acres

      Land in Desirable Bastrop Area

      Land in a rapidly developing area east of Austin.
      294 Flint Ridge St, Bastrop, TX 78602
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,900 SF

      Retail Pad Site Available

      Retail pad site available near Hobby Lobby and Academy Sports.
      717 Highway 71 W, Bastrop, TX 78602
      View Details
    • $4,500 /Mo
      2,101 SF

      Bastrop Office Space For Rent

      Office space available for rent in well-maintained Bastrop business park.
      815 Highway 71 W, Bastrop, TX 78602
      View Details
    • Contact for pricing
      3,166 SF

      Turn-Key Restaurant and Bar Space

      Restaurant space with commercial kitchen, bar, and parking.
      1507 Chestnut St, Bastrop, TX 78602
      View Details
    • $18 SF/Yr
      1,230 SF

      Hunters Crossing Retail Space

      Bastrop, TX Storefront - 1230 SF Available
      201 Hunters Crossing Blvd, Bastrop, TX 78602
      View Details
    • Contact for pricing
      1,603 SF

      Retail Space in Burleson Crossing

      Retail space available within a large shopping center development.
      747 Highway 71 W, Bastrop, TX 78602
      View Details
    • $10,475 /Mo

      Mixed-Use Building on Highway 71

      Multi-use building with offices and large open space for rent.
      106 Conference Dr, Bastrop, TX 78602
      View Details
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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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