300 Blackjack ST
About This Property
Located just minutes from Downtown Lockhart - the renowned "Barbecue Capital of Texas" - this property benefits from strong local traffic, expanding residential growth, and increasing commercial demand. The site also offers exceptional regional accessibility, situated less than 30 minutes from Austin-Bergstrom International Airport, approximately 25 minutes from San Marcos and Texas State University, and about 40 minutes from Austin.
With major price improvement and prime highway proximity, this is an outstanding opportunity to establish your business or expand your investment portfolio in a high-visibility, high-growth area of Caldwell County.
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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 |
|---|---|---|---|
| May 21, 2026 | Price Decreased |
$220,000
↓ $60K
(21.4%) | |
| Price Decreased | |||
| Sep 17, 2025 | Listed by Land Unlimited | $280,000 | |
| Listed by Land Unlimited | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017