$700,000
●
Land -
For Sale
Lot 65 State Highway 21
Bastrop, TX 78602
Studio
0 Bath
$3,701
Est. Monthly
About This Property
TxDOT estimates that over 20,000 vehicles pass this location every
single day, with traffic counts expected to increase as the area
continues to experience rapid growth. Rare opportunity to acquire
over 3 acres of mixed-use land, boasting nearly 300 linear feet of
direct frontage on State Highway 21. Located outside city limits
and the ETJ, the light deed restrictions allow for both commercial
and residential projects. Just a 6-minute drive to Lake Bastrop,
this high-visibility site is ideally suited for a gas station,
convenience store, apartment complex, motel, retail shops, and
more. Lot lines on photos are approximate. Information provided
deemed to be accurate, but buyer to verify.
Unit Size
-
Days on Market
-
Land Size
3.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$263
HOA Dues
-
Year Built
-
Listed By
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (Unlock MLS #ACT5678024)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2026 | Listed by Compass RE Texas, LLC | $700,000 | |
| Listed by Compass RE Texas, LLC | |||
| Aug 9, 2026 | No longer available | - | |
| No longer available | |||
| Mar 28, 2026 | Price Decreased |
$750,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Feb 5, 2026 | Listed by Compass RE Texas, LLC | $800,000 | |
| Listed by Compass RE Texas, LLC | |||
   | |||
|
Rare opportunity to acquire over 3 acres of mixed-use land, boasting nearly 300 linear feet of direct frontage on State Highway 21. Located outside city limits and the ETJ, the light deed restrictions allow for both commercial and residential projects. TxDOT estimates that over 20,000 vehicles pass this location every single day, with traffic counts expected to increase as the area continues to experience rapid growth. Just a 6-minute drive to Lake Bastrop, this high-visibility site is ideally suited for a gas station, convenience store, apartment complex, motel, retail shops, and more. Lot lines on photos are approximate. Information provided deemed to be accurate, but buyer to verify.
| |||
Property Highlights
With View
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Corner Lot, Irregular Lot, Level, Wooded, Many Trees, Public Maintained Road
Lot Size Area: 134382.6
Lot Size Units: Square Feet
Lot Size Acres: 3.085
Lot Size Square Feet: 134382.6
Lot Size Dimensions: 293x403x583x280
Water Source: Public
Financial Details
Tax Map Number: 65
Tax Assessed Value: $186,087
Tax Annual Amount: $3,157
Utilities Details
Sewer : Septic Needed
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Bastrop
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Listed by: Sam Lee
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-08-29 04:03:36
Data Source: Unlock MLS, MLS# ACT5678024
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-08-29 04:03:36
Data Source: Unlock MLS, MLS# ACT5678024
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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