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TBD Bluebonnet Road and N HWY 183 hwy - Bluebonnet Road and HWY 183 53.45 Acres of Commercial Land Offered at $2,479,676 CAD in Lockhart, TX 78644



Investment Highlights
- 53.45 contiguous acres with approx 740 ft of frontage on S Hwy 183 / SH 130
- Existing rental operation, 11 units, $95,880 scheduled gross annual income
- 4 separate tax parcels allow phasing, separate financing, or partial divestiture
- Blended basis of $35,547 per acre across the full assemblage
- Income covers combined annual property taxes roughly 4.3 times over
- No county zoning in Texas, no rezoning hearing required20 minutes to ABIA and Tesla Gigafactory, 30 minutes to San Marcos
Executive Summary
Combined list price of $1,799,997 for 53.45 acres, or approximately $35,547 per acre.
North tract, 27.46 acres, listed at $700,000, approximately $25,492 per acre. Reduced 30 percent from an original list of $999,997.
South tract, 25.99 acres, listed at $1,199,997, approximately $46,171 per acre. Reduced 20 percent from an original list of $1,499,997.
Both tracts are available individually. The seller is open to a package structure for the combined assemblage and will consider offers on that basis. A package number depends on the structure proposed: cash versus financed, closing timeline, feasibility period length, earnest money, and whether any seller participation is required. Contact the listing broker to discuss terms.
THE BASIS ARGUMENT
The north tract alone prices at $25,492 per acre. A buyer acquiring the full assemblage and allocating fair value to the income stream at an 8 percent capitalization rate arrives at an implied residual land basis of roughly $25,350 per acre across all 53.45 acres.
Stated plainly: a package buyer acquires 26 additional acres, approximately 740 feet of highway frontage, a second pond, and an operating rental business at approximately the same per acre land basis as the vacant tract standing alone.
INCOME IN PLACE
The south tract operates 11 income units: five site built homes, a two unit duplex, and four rented lots.
Scheduled gross monthly income is $7,990, or $95,880 annually. That figure comprises $7,280 in base rent plus $660 in trash, water, and propane reimbursements and $50 in RV storage.
Per the seller's operating statement, net income before repairs and management runs approximately $3,632 monthly, or $43,594 annually, after owner paid water of $622, trash of $620, prorated taxes of $1,859, and prorated insurance of $1,256.
Two units are currently vacant, representing approximately $20,160 in annualized lease up upside for an operator willing to stabilize. Tenancy across the occupied units is notably long, with several move in dates predating 2016 and one dating to 1997.
A full rent roll, unit by unit income detail, and expense statement are available to qualified buyers on request.
CARRY ECONOMICS
Combined 2025 property taxes across all four parcels total approximately $22,351. The south tract's three parcels carry $22,308.91, while the north tract's agricultural valuation carries $41.84.
Scheduled gross rents of $95,880 cover combined annual property taxes roughly 4.3 times over. For a buyer entitling highway frontage over a multi year horizon, this materially changes the hold economics relative to a comparable raw land position where the carry is a pure cost.
VALUE ADD OBSERVATIONS
Beyond the two vacancies, utility reimbursements presently run $660 monthly against $1,242 in owner paid water and trash, a monthly shortfall of $582. Restructuring leases to full pass through represents a straightforward operational improvement for an incoming owner.
PARCEL STRUCTURE
Four separate tax parcels total across the assemblage, three on the south tract and one on the north. This permits a buyer to phase development, finance parcels independently, place different uses on different parcels, or divest a portion, in each case without first pursuing a subdivision plat.
DUE DILIGENCE
The seller and listing broker encourage thorough verification. Items a buyer should confirm include:
Jurisdictional and ETJ status with Caldwell County and the City of Lockhart. Caldwell County subdivision, platting, and development ordinance requirements. Recorded deed restrictions through the title commitment, which are the operative use limitation on unzoned Texas land. Agricultural rollback exposure on the north tract, which under Texas law covers the three years preceding a change in use plus interest. FEMA floodplain boundaries on both tracts given the pond features and sloping topography. On site sewage facility capacity for any intensified use, noting the existing septic was sized for current improvements only. Water and electric capacity for an intensified use, including meter sizing and any required upsizing. TxDOT driveway permit requirements for new commercial access on Hwy 183, including any deceleration or turn lane improvements. Manufactured housing and RV park titling, installation, and licensing compliance through TDHCA. Structural condition of the 1978 vintage improvements. A Phase I environmental site assessment is recommended on both tracts given agricultural history. A current on the ground boundary and topographic survey is recommended across the assemblage.
Site access is available for buyers, civil engineers, and contractors with reasonable notice. The listing broker can also provide referrals to civil engineers, surveyors, environmental consultants, and land use attorneys who work regularly in Caldwell County.
DAYS ON MARKET
Both tracts have been listed for approximately one year and have each taken two price reductions. The seller is engaged and responsive to structured offers.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $2,479,676 CAD | Lot Size | 53.45 AC |
| Price Per AC | $46,392.44 CAD |
| Price | $2,479,676 CAD |
| Price Per AC | $46,392.44 CAD |
| Lot Size | 53.45 AC |
53.45 contiguous acres across 4 tax parcels with approx 740 ft of frontage on S Hwy 183 / SH 130. North tract 757' x 1708', south tract 746' x 1612'. Level to gently sloping pasture, mature trees, two ponds. Public water, electric, septic in place.
Description
THE OFFERING Two adjacent tracts totaling 53.45 acres on the Hwy 183 and SH 130 corridor in Caldwell County, eight miles north of Lockhart, Texas. The assemblage carries approximately 740 feet of highway frontage, two ponds, public water and electric service across both tracts, and an operating rental business already in place. This is not raw dirt. It is 53 acres of highway frontage in the fastest growing corridor in Central Texas, with an income stream that already covers the carrying cost. NORTH TRACT: 27.46 ACRES Level terrain entering directly from the highway, with a sizable cleared area suitable for immediate building and open acreage behind for phased development, storage, or detention. Mature trees and natural vegetation along the rear perimeter provide a privacy screen while the front maintains full access and visibility. Pond with pasture and pond views. Full perimeter barbed wire fencing. Electricity available on site, public water connected, public maintained asphalt road access. Dimensions 757 feet by 1,708 feet. Terrain slopes gently downward, which warrants a civil review for drainage and detention design. Septic to be installed. Agricultural valuation in place, with 2025 taxes of $41.84. Buyer should verify rollback exposure with the Caldwell County Appraisal District prior to any change of use. SOUTH TRACT: 25.99 ACRES Approximately 740 feet of visibility along S Hwy 183 and SH 130, entered from Bluebonnet Road. Sold as three separate tax parcels, Caldwell CAD property IDs 15234 (10.55 acres), 15236 (14.35 acres), and 63133 (1.341 acres). Improvements total 6,672 square feet across five site-built homes and one duplex, comprising 16 bedrooms and 10 bathrooms, plus four rented lots. Unit mix ranges from a 580 square foot two bedroom to a 1,512 square foot four bedroom, with two one bedroom duplex units. Structures date to 1978 and include a guest house, outbuildings, and storage. Central air and heat plus wall units, front porches and covered porch space. A stock pond of roughly two to three acres sits near the front of the property, functioning as both a recreational feature and a site amenity. Gently sloping pastureland with mature trees throughout. Electricity connected, public water connected, septic in place. Barbed wire fencing and public maintained asphalt road access. Dimensions 746 feet by 1,612 feet. LOCATION Eight miles north of Lockhart on the Hwy 183 and SH 130 corridor. Approximately 20 minutes to Austin-Bergstrom International Airport and the Tesla Gigafactory, and roughly 30 minutes to San Marcos or Bastrop. Lockhart ISD. The site sits within the Austin to San Antonio growth triangle, with SH 130 linking two of the fastest growing metros in the country. THE CORRIDOR Caldwell County ranks among the fastest growing counties in the nation, with population above 55,000. Lockhart grew from roughly 14,400 residents in 2020 to more than 17,000 by 2024, ahead of the current development wave. That wave is substantial. Blue Sky, a 932 acre master planned community along SH 130, has more than 3,650 single family home sites planned at an estimated $2.15 billion. Moxie adds roughly 2,500 homes across 589 acres. Perry Homes has Juniper Springs underway, and county commissioners have advanced a separate 480 home subdivision. On the commercial side, the Lockhart Economic Development Corporation has landed a $40 million Sensei Ag greenhouse operation, a $10 million Balcones Real Estate Group facility, an expansion from Hill Country Foodworks, and continued buildout of the SH 130 Industrial Park. TxDOT has authorized a $250 million commitment to convert 21 miles of SH 130 into a smart corridor for autonomous freight, with construction beginning in 2027. Regional leaders have begun describing SH 130 as the new I-35. Thousands of rooftops are arriving in a submarket that has not yet built the self storage, contractor yards, truck parking, retail, flex industrial, or workforce housing to serve them. Highway frontage acreage positioned between those rooftops and the Austin employment base is early, not speculative. POTENTIAL USES Texas counties have no zoning authority, so a buyer avoids the rezoning process entirely. Subject to verification with Caldwell County and confirmation of ETJ status, candidate uses include: RV park or manufactured housing community expansion. Workforce and crew housing for SH 130 industrial employers. Contractor yards and equipment storage. Self storage and RV or boat storage. Truck parking, trailer drop lots, and last mile logistics. Retail pads, fuel, and quick service on the frontage. Light industrial and flex buildings. Build to rent or residential subdivision feeding Lockhart ISD. Event and wedding venues using the ponds as an amenity. Church, private school, or institutional campus with room for phased expansion. The three parcel structure on the south tract, combined with 53 contiguous acres overall, allows a buyer to pursue more than one of these simultaneously without competing uses crowding each other.
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TBD Bluebonnet Road and N HWY 183 hwy - Bluebonnet Road and HWY 183
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