1305 County Road 3800
About This Property
UTILITIES: Water well, electricity, specific.
WATER: Pond + multiple other pond sites & a water well.
WILDLIFE: Whitetail Deer, Rio-Grande Turkey, Feral Pigs, Coyotes, Fox, Dove, Duck, Raccoon, Bobcat, and various other species native to the Central Texas Region.
LOCATION: 1305 County Road 3800 Lampasas, Texas 76550. 20 minutes back to Lampasas. 1 hour 50 minutes to Downtown Austin. 1 hour 15 minutes to Waco.
TAXES: Agricultural exemption in place resulting in low taxes.
EASEMENTS: Electrical & transmission lines.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2025 | Price Decreased |
$895,000
↓ $55K
(5.8%) | |
| Price Decreased | |||
| Jun 23, 2025 | Listed by Keller Williams Realty | $949,950 | |
| Listed by Keller Williams Realty | |||
| Jun 6, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jun 20, 2024 | Price Decreased |
$999,999
↓ $129K
(11.4%) | |
| Price Decreased | |||
| Apr 21, 2024 | Listed by Ranchland Real Estate | $1,129,000 | |
| Listed by Ranchland Real Estate | |||
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Enjoy 97+/- acres in Lampasas County, just 19 miles north of downtown Lampasas, Texas! This expansive property presents the perfect opportunity to build your dream home, boasting a blend of open rolling hills and dense brush. Fully fenced on all sides, the land features two wet-weather creeks situated within its boundaries. One creek is situated on the south side of the property, while the other is located in the center. The property is setup for livestock, complete with a well-maintained pond full of water which can be stocked for fishing or used for watering livestock. With an elevation reaching 1220+/- feet on the north side, breathtaking panoramic views await, offering an ideal location for a future build site. Agricultural Tax Exemption is already in place, making this property an exceptional investment opportunity!
UTILITIES: Water Well, 2 Electricity Meters, & Septic in place!
LOCATION: 1305 County Road 3800, Lampasas, TX
Located in Lampasas County off county road 3800.
19 miles from Lampasas, 28 miles from Hamilton, 93 miles from downtown Austin
WILDLIFE: Whitetail deer, Rio Grande turkey, hogs, dove, ducks.
Easement: Transmission Lines
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017